In the past few weeks, initial backers of meme-inspired cryptos like Pepe and Turbo have experienced significant investment growth. Spongebob ($SPONGE), a meme token leveraging Ethereum’s decentralized framework, is new crypto exploding and rapidly gaining investor traction.
On May 4th, $SPONGE was added to Uniswap’s DEX, with the token experiencing an exponential surge in value over the last 24 hours. Read on to know more about this trending meme token and how to buy the $SPONGE tokens.
These steps provide an overview of the process for obtaining Spongebob tokens.How to Purchase $SPONGE Tokens in 4 Simple Steps
Spongebob Token: An Overview
Over the initial 20 years of its broadcast, the U.S. animated television show SpongeBob SquarePants generated $19 billion in merchandising revenue, securing its place among history’s most prosperous cartoons.
Built on the Ethereum network, $SPONGE is a meme coin inspired by the popular series. Its goals include creating top-notch memes and cultivating a digital asset driven by the community. Join the Spongebob Telegram channel to connect with fellow enthusiasts and know more about the coin’s progress.
Why are People Buying Spongebob?
Most other meme coins, such as Pepe (PEPE), have experienced a stellar performance over the last few weeks. At press time, the $SPONGE token has a market cap that has shot up to over $4 million and is experiencing a substantial increase in price. Based on our Spongebob token price prediction the future looks bright for this meme coin. Those who did not seize the opportunity with Pepe now have a second shot with the Spongebob token.
$SPONGE, one of the newest additions to Uniswap’s lineup, is set to make waves in the meme coin industry. The $SPONGE token hopes to capitalize on and surpass the success of other meme tokens like DINO, TURBO, and WOJAK, among others.
It is an ERC-20 token with a 24-hour trading volume of over $2.2 million. The token has increased in value by over 64% in the last day, leading some experts in the crypto industry to speculate that it may soon outperform its rivals. The Spongebob token has also quickly gained traction on DEXTools, increasing its value by 150% in the 24 hours following its launch.
Detailed Guide to Buy $SPONGE tokens
You can follow these simple steps to buy $SPONGE tokens via the Uniswap plugin on the Spongebob website.
Download a Web3-Compatible Wallet
Start by downloading a wallet, like MetaMask, Coinbase Wallet, or Trust Wallet.
Transfer Ethereum to Your Wallet & Go the Spongebob website
Send Ethereum (ETH) to your address from an exchange or a different wallet. Remember, you’ll need ETH to acquire Spongebob tokens and pay gas/transaction fees.
Now, visit the Spongebob token webpage and look for the Uniswap plugin.
Connect Your Wallet
Click “Connect” at the top right corner of the tool and permit the connection with your crypto wallet. Alternatively, you can directly connect your Uniswap wallet during this step.
Pick the Token Pair & Enter the Amount
Select $SPONGE as the desired token and ETH/any other crypto as the payment token. Then, enter the amount of ETH you’d like to spend or the $SPONGE tokens you aim to secure.
Check Slippage and Gas Fees
Assess the slippage tolerance and gas fees. The former takes into account possible price variations during the transaction.
Validate the Transaction
Hit “Swap” and examine the transaction details, such as the gas fees, exchange rate, and slippage tolerance. Confirm the transaction while the Ethereum network processes it.
Additionally, you can opt to trade $SPONGE tokens through Dextools by following these steps:
- Open Dextools: Select the Dextools icon in the top right section of the Spongebob website to initiate the token trade via Dextools.
- Link Your Wallet: Connect your wallet on the Dextools.io platform (at the top right of the interface). Ensure you possess sufficient cryptos like ETH to trade for Spongebob tokens and cover gas fees.
- Submit Swap Information: Find the DEXTSWAP section and type in the quantity of Ethereum you wish to trade for Spongebob tokens. Soon after, hit “Approve” to verify the transaction.
Conclusion
Inspired by the highly successful SpongeBob SquarePants animated series and built on the Ethereum network, $SPONGE aims to establish itself as a top-tier meme coin while fostering a community-driven digital asset.
With a strong performance in its early stages and a growing market cap, the token has garnered attention and positive speculation from experts in the crypto industry. As a recent addition to Uniswap and a popular choice on DexTools, $SPONGE showcases the potential for further growth.
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Yash is a versatile and seasoned writer and analyst in the crypto space with a strong financial background. Over the past year, he has written extensively for various publications on topics ranging from technical analysis to on-chain analytics, including here at Techopedia. In addition to his writing, Yash has collaborated with blockchain marketing companies to develop compelling content. He has also gained valuable experience working as a senior assurance associate for over three years at an audit firm, where he worked with a range of listed companies. Yash's passion for global exchange and cultural exchange led him to represent his…
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