![]() It might seem that the enthusiasm behind the Pepe meme coin is about to fade off, as the token is currently trading more than 70 percent below its all-time high. Despite the fact that the coin’s price is still significantly higher than where it started off, it’s obvious that this is due to supply and demand. ![]() After the first “pump and dump,” it’s probably likely that the token will lead to large gains in the near future. The significant price gain led to a lot of excitement among traders. Investors who had been successful in planning their purchases so that they bought cheap and traded high made returns that were more than 10 times their initial investment. Pepe coin has made an impressive rise into the top 50 most exchanged cryptocurrencies since it was introduced to the public in April 2023. See our guide on how to buy SPONGE token here. And in the event that it reaches $1 billion, they stand to make returns of more than 50 times their initial investment. On the other hand, investors in $SPONGE have the opportunity to earn returns of 10X their initial investment if the token surpasses the $200 million threshold. New investors in Pepe should anticipate a return of less than half their initial investment if the token’s market value exceeds $1 billion once more. In addition, there is further room for development. On the other side, $SPONGE has a total market cap of $18.53 million, which is significantly smaller than other companies. SpongeBob Token still has some steam left in it, in contrast to Pepe, which has already reached its limit of potential. Meme coins like Pepe and SpongeBob Token are at the leading edge of the growing trend of using memes as inspiration for new digital currencies. □ More CEX listings coming your way ✅ #Memecoin #Memecoins $PEPE $TURBO $MONG $HER $JEFF $RIBBIT $POOH $BOB /zDGNB7ZJOt After a brief pullback, there has been an increase in demand for SpongeBob Token, which is one of the biggest driving forces behind the meme currency frenzy that is still going fast. This week, SPONGE shattered records when it jumped from having a market cap of $2 million to $90 million in just four days. Recently, the project announced that SPONGE was going to be listed on numerous tier-1 exchanges. This meme coin sensation’s most recent release reveals that beginning on May 12, 2023, the SpongeBob Token will be accessible for purchase on top centralized marketplaces such as Bitget and Gate.io. In the official description of the SpongeBob coin, it is stated that it is a decentralized meme token that was constructed on the Ethereum network. Max Supply is the maximum amount of coins that will exist within the cryptocurrency, conditioned by its platform.It’s possible that many people would say it was a meme show before the general public had any idea what a meme was. Total Supply is the total amount of coins that have been minted/created excluding any coins that have been burned. Coins that are locked, escrowed, reserved or not able to be traded are not included in the circulating supply calculation. Definition of Circulating/Total/Max SupplyĬirculating Supply is the amount circulating within the market, and in the hands of the people utilizing it. All markets included in the total volume statistic are spot markets with trading fees. The total volume is calculated by taking the sum of the volumes of all active markets. This means that the volume is directly correlated with how much influence it has over the global average price. The price of an cryptocurrency is calculated by the volume weighted average of global market pairs that are traded on spot markets with trading fees. Prices are pulled directly from exchanges. A coin/token must be trading on 2 exchanges and 3 markets to be ranked How is the price of a cryptocurrency calculated? Rank is determined by the market capitalization of a cryptocurrency, which is calculated by multiplying its volume weighted average price by its circulating supply. ![]() Frequently Asked Questions How are ranks for cryptocurrencies determined?
0 Comments
Leave a Reply. |