Snek Price Prediction: SNEK Pumps 22% As Meme Coin Market Heats Up And Investors Turn To This New Presale For A Repeat 100X Feat

The Snek value climbed 22% within the final 24 hours to commerce for $0.002092 as of three:30 a.m. EST time with buying and selling quantity leaping 13%.

It comes amid an ongoing meme coin fever, with Dogecoin (DOGE), Shiba Inu (SHIB), Bonk (BONK), and Pepe (PEPE) additionally on a tear.

Because the meme coin hype continued within the final two weeks of 2023, Snek has virtually doubled its value in every week.

Alongside Solana blockchain’s BONK, Snek, which runs on Cardano, has featured among the many high traded tokens on quantity metrics.

969 Million Quantity!

Getting ssso clossse to 1 Billion traded!

Wen $1 Billion?$SNEK #Cardano #memecoin #SNEK pic.twitter.com/mgvcB8rqpm

— Beignet (@BeignetTrading) December 19, 2023

This turnout has traders bullish on Snek value, with one analyst already visualizing the token recording a brand new all-time excessive quickly.

$SNEK is 15% away from ATH.
Are you prepared for value discovery ? https://t.co/1iQ2bFmzEv pic.twitter.com/UR8u7j8tky

— Sssebi (@Av_Sebastian) December 19, 2023

Snek Value Prognosis

The Snek value is confronting the 78.6% Fibonacci degree at $0.002291 in a market vary measured from $0.000145 to $0.002875. Judging from the Relative Power Index (RSI) outlook, SNEK is already massively overbought with the momentum indicator’s studying at 95.

Nonetheless, so long as the RSI stays northbound, the upside potential for the SNEK value stays alive. That is accentuated by the dominant presence of the bulls within the SNEK market, evidenced by the rising histogram bars of the Superior Oscillator (AO) and the Shifting Common Convergence Divergence (MACD). The place of each the AO and MACD can be a optimistic signal.

Enhanced purchaser momentum may see Snek value lengthen the beneficial properties, filling the market vary at $0.002875. In a extremely bullish case, the beneficial properties may lengthen for the meme coin to file a brand new all-time excessive above the aforementioned degree.

On the flip facet, if profit-taking begins, Snek value may pull south, first shedding a very powerful assist because of the 61.8% Fibonacci degree at $0.001832. Decrease, the load-shedding train may ship Snek value to check the 50% Fibonacci degree at $0.001510. A break and shut under this degree would invalidate the bullish outlook.

This might set the tone for an prolonged transfer south, with Snek value prone to check the 38.2% Fibonacci degree at $0.001188 or worse, the three.6% Fibonacci degree at $0.000790. Such a transfer would represent a 65% drop under present ranges.

In the meantime, enlightened traders are taking a look at Sponge V2, the tuned-up model of Sponge that’s coming again higher than ever!

We’re excited to announce that #Sponge is bridging from V1 to V2!

Stake your $SPONGE to earn #SpongeV2 tokens.

Purchase and stake now for a particular V2 token bonus! Don’t miss out #MemeCoin #Web3 #BullMarket pic.twitter.com/bYmkg1TNrU

— $SPONGE (@spongeoneth) December 18, 2023

Promising Various To SNEK

Sponge V1, the predecessor of Sponge V2, made its debut in the course of the Could 2023 bear market, hitting an astronomical all-time excessive market capitalization of practically $100 million. It delivered exceptional beneficial properties, with early traders raking in large income because the token went reside on centralized exchanges.

Welcome to #SpongeV2, the relaunch and evolution of the unique $SPONGE token!

We’re introducing a novel staking mannequin and new #P2E sport to take #Sponge to the following degree.

Keep tuned for more information! #MemeCoin #BullRun #Crypto #Alts pic.twitter.com/H8iVXJaYLH

— $SPONGE (@spongeoneth) December 18, 2023

Sponge V2 takes issues up a notch, giving customers an opportunity to amass the token both by shopping for or staking Sponge V1 via the Sponge.vip web site’s purchase widget. Alternatively, you possibly can stake your Sponge V1 holdings via the Sponge.vip web site.

Notably, the quantity of V2 tokens earned is instantly proportional to the quantity of V1 tokens staked in addition to the staking period. Sponge V2 change into claimable after the remaining provide of Sponge V1 is exhausted.

In the meantime, the Sponge V2 crew is creating a novel Play-to-Earn (P2E) sport, which is able to ship an thrilling new utility to the token. Particularly, customers will be capable to earn $SPONGEV2 tokens by enjoying the sport and rating on the leaderboard.

Curiously, each free and paid variations can be obtainable on the sport, making it doable for customers to play for enjoyable or use $SPONGEV2 tokens to buy sport credit for added in-game earnings.

Buyers who missed the Sponge V1 mustn’t let the second model move them by.

Go to Sponge V2 web site to purchase the meme coin right here.

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