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Previously 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 just 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 in the present day’s video, we’re presenting a brand new meme coin challenge 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 quite a lot of pleasure and has seen energetic engagement from each the neighborhood and builders.
In contrast to its friends, this meme coin has a comparatively small market cap, which suggests it may have substantial room for progress if present traits proceed.
$SMOG worth 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 absolutely diluted market cap above $100 million.
With this vital worth enhance, many cryptocurrency traders are contemplating whether or not it’s an excellent time to purchase $SMOG earlier than the chance slips away.
Following the latest all-time excessive of $0.138, $SMOG is at the moment buying and selling round $0.129, approaching one other highest worth level since March 05. The coin has skilled two consecutive days of optimistic closes, hinting at a possible third.
This surge signifies robust momentum behind the latest worth enhance, with $SMOG breaking by means of a vital resistance stage 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 elements contribute to the optimistic outlook for $SMOG. Moreover, traders are drawn to $SMOG’s tokenomics, which prioritize neighborhood involvement. The token’s creator holds solely 0.43% of the whole $SMOG provide, making certain honest distribution.
Furthermore, possession has been renounced, stopping the creators from minting extra tokens or modifying the contract. With robust technical indicators, a rising holder base, and rising buying and selling quantity, $SMOG’s worth could have additional potential for progress.
It’s additionally set to be listed on a number of exchanges within the upcoming weeks, which may doubtlessly drive its worth even greater. Test the challenge’s web site for extra particulars right 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 neighborhood, launched on Solana in early February. The creators need to use memes and viral advertising and marketing to get folks concerned and make them conscious of the coin.
One in every of $SMOG’s primary options is its large giveaway with Zealy, the place 35% of the whole cash will likely be given to neighborhood members. $SMOG holders may 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 neighborhood on social media like Twitter. Traders have already staked 17,973,959 $SMOG tokens, exhibiting a robust curiosity in passive rewards and confidence within the challenge’s future.
Proper now, traders can snag a ten% low cost on Smog by shopping for straight from the challenge’s web site. However they’ll must act shortly as a result of this supply received’t final lengthy. Furthermore, the token has caught the eye of some large crypto influencers.
For example, Jacob Bury, a YouTuber with 31,000 subscribers, steered the challenge may enhance 100x, pointing to its strategy throughout a number of chains and the beneficiant giveaway. Given Bury’s affect within the crypto world, his help has possible added to the rising curiosity in $SMOG.
Multi-chain technique and deliberate token burn gas challenge’s potential
Furthermore, the broader market development of Solana meme cash gaining traction, as indicated by the success of Bonk (BONK) and dogwifhat (WIF), can also be including to the recognition of $SMOG. There was a surge in meme cash launching on Solana just lately, aiming to leverage its low charges and quick transaction speeds.
#SMOG!
🐉 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 the moment valued at $2.7 billion. Whereas $SMOG advantages from being on Solana, its creators are taking a further step with a multi-chain strategy.
$SMOG was just lately launched on Ethereum as properly, increasing entry to the token for a broader viewers. By tapping into the liquidity and neighborhood on each chains, $SMOG is poised to outperform most new meme cash 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 an excellent place to profit from the rising curiosity in meme cash amongst traders, no matter their stage of expertise.
To turn out to be part of this thrilling new challenge, buy $SMOG tokens right here.
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