Investors of Shiba Inu are now focusing on a newly emerging meme coin with the goal of attaining a 1,000% increase in returns.

Investors interested in high returns are now shifting their attention from the cryptocurrency Shiba Inu (SHIB) to a new meme coin called Sponge (SPONGE). While SHIB remains one of the top crypto meme coins, investors are hoping to achieve returns of up to 1,000% with SPONGE. This Ethereum-based meme coin briefly surpassed Dogecoin in market cap, reaching over $40 billion in 2021. However, SHIB has experienced a 40% pullback from its recent highs. SPONGE, with a market cap of $80 million, presents an opportunity for investors to buy the dip and potentially see significant growth. This is due to its unique features such as offering passive income through staking and being the native token for a play-to-earn game. With upcoming listings on larger exchanges and the success of other meme coins, such as Bonk, Dogwifhat, and Pepe, there is potential for SPONGE to reach a market cap of $1 billion. However, it’s important to note that investing in crypto carries high risks and this information is for educational purposes only and not investment advice.