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Prior to now few months, meme cash, particularly these within the Solana ecosystem, have turn out to be more and more standard once more, with Smog main the rally having lately reached its all-time excessive.
We’ve seen cash like BONK, WIF, and MYRO explode in worth, with BONK alone hovering 200x between October and December 2023.
In right this moment’s video, we’re presenting a brand new meme coin undertaking on Solana that’s exhibiting promise early on. It surged by over 11x shortly after its launch, and the workforce has already launched a big replace inside days.
Regardless of being new and never extensively identified, this meme coin has generated a variety of pleasure and has seen energetic engagement from each the group and builders.
Not like its friends, this meme coin has a comparatively small market cap, which suggests it may have substantial room for progress if present developments proceed.
$SMOG value prediction – Meme coin surges over 150% previously week
The value of Smog, a brand new meme coin constructed on Solana, has surged by greater than 150% previously week, pushing its totally diluted market cap above $100 million.
With this important value improve, many cryptocurrency traders are contemplating whether or not it’s a very good time to buy $SMOG earlier than the chance slips away.
Following the latest all-time excessive of $0.138, $SMOG is at present buying and selling round $0.129, approaching one other highest value level since March 05. The coin has skilled two consecutive days of constructive closes, hinting at a possible third.
This surge signifies sturdy momentum behind the latest value improve, with $SMOG breaking by means of an important resistance degree at $0.1 yesterday. Moreover, $SMOG now boasts over 40,000 distinctive holders, with buying and selling quantity rising by 20% previously 24 hours.
These components contribute to the constructive outlook for $SMOG. Moreover, traders are drawn to $SMOG’s tokenomics, which prioritize group involvement. The token’s creator holds solely 0.43% of the overall $SMOG provide, making certain truthful distribution.
Furthermore, possession has been renounced, stopping the creators from minting further tokens or modifying the contract. With sturdy technical indicators, a rising holder base, and growing buying and selling quantity, $SMOG’s value might have additional potential for progress.
It’s additionally set to be listed on a number of exchanges within the upcoming weeks, which may probably drive its value even increased. Verify the undertaking’s web site for extra particulars here.
Smog – A meme coin poised to dominate Solana?
However what precisely is $SMOG, and why are folks on this new meme coin? Merely put, $SMOG is a meme coin targeted on group, launched on Solana in early February. The creators wish to use memes and viral advertising to get folks concerned and make them conscious of the coin.
Considered one of $SMOG’s primary options is its large giveaway with Zealy, the place 35% of the overall cash might be given to group members. $SMOG holders may also stake their tokens to earn rewards of as much as 42% a 12 months.
The rewards for staking, together with humorous graphics and giveaway incentives, have helped $SMOG collect a big group on social media like Twitter. Traders have already staked 17,973,959 $SMOG tokens, exhibiting a powerful curiosity in passive rewards and confidence within the undertaking’s future.
Proper now, traders can snag a ten% low cost on Smog by shopping for immediately from the undertaking’s web site. However they’ll must act rapidly as a result of this provide received’t final lengthy. Furthermore, the token has caught the eye of some large crypto influencers.
As an example, Jacob Bury, a YouTuber with 31,000 subscribers, advised the undertaking may improve 100x, pointing to its method throughout a number of chains and the beneficiant giveaway. Given Bury’s affect within the crypto world, his assist has probably added to the rising curiosity in $SMOG.
Multi-chain technique and deliberate token burn gasoline undertaking’s potential
Furthermore, the broader market pattern of Solana meme coins gaining traction, as indicated by the success of Bonk (BONK) and dogwifhat (WIF), can be including to the recognition of $SMOG. There was a surge in meme cash launching on Solana lately, aiming to leverage its low charges and quick transaction speeds.
🐉 Soar
🔥 Burn
👑 Rule— SMOG (@SMOGToken) March 5, 2024
Solana has emerged as a fertile floor for viral meme cash, with CoinGecko information indicating that this area of interest is at present valued at $2.7 billion. Whereas $SMOG advantages from being on Solana, its creators are taking a further step with a multi-chain method.
$SMOG was lately launched on Ethereum as nicely, increasing entry to the token for a broader viewers. By tapping into the liquidity and group on each chains, $SMOG is poised to outperform most new meme coins when it comes to visibility and adoption.
Moreover, $SMOG’s roadmap contains plans for a burn protocol that would additional speed up its progress. Though it’s speculative, $SMOG appears to be in a very good place to learn from the rising curiosity in meme cash amongst traders, no matter their degree of expertise.
To turn out to be part of this thrilling new undertaking, purchase $SMOG tokens here.
Associated
Smog (SMOG) – Latest Crypto Launch
- Truthful Launch on Jupiter
- Free Airdrop Rewards
- Excessive APY Staking – smogtoken.com
- Solana Based mostly Meme Coin with ETH Bridge
- Trending on DEXTools
- Upcoming CEX Listings
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