Wednesday, August thirtieth, 2023 – Altcoin season appears to be like set to take off, and new meme coin Sonik Coin in a present of energy, has raised greater than $750,000 from hungry traders.
News that Grayscale has received its bitcoin ETF case in opposition to the US Securities and Exchange Commission has lit a fireplace underneath altcoin costs.
Meme cash proceed to be probably the most traded coin sectors within the crypto advanced, and Sonik is about to be the most recent scorching addition.
Sonik Coin plans to be part of the likes of Dogecoin and Shiba Inu as meme coin favorites.
The $SONIK meme coin is impressed by a gaming character originating in Japan and is constructed across the kind of degen humor typical of the meme coin house. Its wacky graphics and artwork, as showcased on its web site, are positive to have viral enchantment.
$SONIK has raised $756,445, and the run charge is accelerating with solely six days left earlier than the presale sell-out.
$SONIK meme coin has what different meme cash don’t have – stake-to-earn
Helping Sonik Coin’s surge is a function that almost all meme cash don’t have – stake-to-earn utility to earn passive earnings for token holders.
So far, 26.3 billion tokens have been staked by presale contributors, incomes an annual share yield of 91%.
Sonik Coin is promoting 50% of a complete 299,792,458,000 token provide in presale and looking out to elevate slightly below $2.1 million.
Why that quantity, you ask?
Well, that quantity represents the pace of sunshine in meters per second, which the group suggests is the pace at which the Sonik character can run because it speeds towards a goal of $100 million market cap.
Fifty p.c of the entire token provide is on supply to the general public within the presale, which suggests 17% of these tokens at the moment are staked, eradicating promote strain from the market when the coin lists on Uniswap, probably late subsequent week.
The token’s viral potential and its yield-bearing traits imply it’s a contender to be one of many high meme cash. Indeed, as the web site asserts, Sonik Coin intends to be the quickest $0 to $100 million market cap meme coin there has ever been.
Contributions to the presale proceed to pace up because the token races towards its onerous cap elevate aim of slightly below $2.1 million.
You can earn a passive earnings of 91% APY with $SONIK
Forty p.c of $SONIK’s provide has been allotted to present rewards to those that stake their tokens.
By shopping for and staking right now, contributors to the presale can begin incomes immediately. The yield is dynamic, and its real-time degree is proven on Sonik Coin’s staking dashboard.
How many different meme cash include an in-built yield-generating mechanism? Very few.
Stakers’ tokens are claimable when the presale ends and the coin is listed, however keep in mind there’s a lock interval of seven days.
After the coin launches on Uniswap, new stakers will even be topic to the seven-day lock from the time at which they began staking. Stakers can withdraw their deposit and rewards from the staking contract at any time.
The staking program will see rewards distributed to stakers over a four-year interval.
Will Sonik be the subsequent 100x meme coin?
As the broader altcoin market will get its mojo again, it begs the query: how excessive might the Sonik coin value go?
The presale value of $0.000014 values the coin at a modest, absolutely diluted market capitalization of $4.2 million, which suggests there’s loads of room for a value explosion.
If $SONIK succeeds in its goal of a fast pump to a $100 million market cap, that might symbolize positive aspects of round 24x for presale traders.
Alternatively, $SONIK might attain a market cap of $200 million, which might imply a return of round 50x for presale traders.
Because of the hyper-speculative nature of meme cash, much more so than different altcoins, which has led some to liken shopping for within the sector to being akin to betting, the alternatives for parabolic positive aspects are comparatively excessive.
Coins similar to Pepe and Shiba Inu have all seen positive aspects of greater than 100x. Many others proceed to launch weekly that return 100% positive aspects or extra for presale contributors on their first day of buying and selling.
HPOS10I (BITCOIN), for instance, and Baby Shiba Inu (BABAYSHIB) are some latest examples of the stratospheric positive aspects meme coin consumers can anticipate in the event that they know the place to look.
Plentiful locked liquidity and a giant advertising push will pump Sonik Coin’s value
The venture has allotted 10% of its token provide to decentralized change (DEX) liquidity, which suggests there will likely be no difficulties executing trades effectively.
It is certainly price mentioning, too, that the venture intends to lock liquidity on Uniswap. That means contributors to the presale won’t want to fear a couple of rug pull by dangerous actors.
And the advertising group’s efforts are already paying dividends.
Sonik Coin has secured options in high-profile crypto information web sites similar to Finbold, CryptoPotato, and Captain Altcoin.
Top FX buying and selling and monetary web site FXStreet says Sonik Coin is a crypto to watch.
The Twitter following has grown 50% prior to now 5 days to over 1,462, and a Telegram channel subscriber base has virtually doubled to over 2,183.
Dozens of main crypto influencers have additionally been singing the coin’s praises.
Crypto coin evaluation YouTube channel CryptoBeneficial properties, with 107k subscribers, is tipping Sonik Coin to be a 20x launch.
A number one crypto YouTuber, Michael Wrubel, who has over 300,000 subscribers on YouTube, referred to as the token his “next $1,000,000 meme crypto”.
Meanwhile, GoUp thinks Sonik Coin is a brand new 100x venture, and one other analyst believes it may very well be a 10x coin.
As Sonik Coin raises extra funds, anticipate the advertising push to speed up and extra Twitter/YouTube influencers and crypto investing communities to begin selling the coin.
$SONIK cultivating a robust following in Asia
Some of the best-performing meme cash of the yr have piggybacked off present viral memes or fictional characters.
Sonic The Hedgehog has been vastly standard for years, notably in Japan and elsewhere in Asia, areas of the world identified to be at the forefront of crypto adoption.
Sonik Coin’s spin on this theme is loaded with viral potential and will appeal to an ever-growing base of meme coin-loving supporters.
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How to purchase $SONIK
To purchase $SONIK, join your Web3 pockets to the venture’s official web site, and (through the Ethereum community) you should purchase the coin with $ETH or $USDT.
Sonik Coin shouldn’t be affiliated with Sonic The Hedgehog, SEGA, or any of its related tasks and is just a standalone meme coin.
Buy Sonik Here
Disclaimer: Crypto is a high-risk asset class. This article is supplied for informational functions and doesn’t represent funding recommendation. You might lose your whole capital.
