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Prior to now few months, meme cash, particularly these within the Solana ecosystem, have develop into more and more fashionable 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 right now’s video, we’re presenting a brand new meme coin venture on Solana that’s exhibiting promise early on. It surged by over 11x shortly after its launch, and the staff has already launched a major replace inside days.
Regardless of being new and never broadly identified, this meme coin has generated quite a lot of pleasure and has seen lively engagement from each the neighborhood 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 traits proceed.
$SMOG worth prediction – Meme coin surges over 150% prior to now week
The worth of Smog, a brand new meme coin constructed on Solana, has surged by greater than 150% prior to now week, pushing its absolutely diluted market cap above $100 million.
With this vital worth enhance, many cryptocurrency buyers are contemplating whether or not it’s a superb time to purchase $SMOG earlier than the chance slips away.
Following the latest all-time excessive of $0.138, $SMOG is presently buying and selling round $0.129, approaching one other highest worth 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 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% prior to now 24 hours.
These components contribute to the constructive outlook for $SMOG. Moreover, buyers are drawn to $SMOG’s tokenomics, which prioritize neighborhood involvement. The token’s creator holds solely 0.43% of the overall $SMOG provide, making certain honest 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 worth 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 worth even greater. Examine the venture’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 to get folks concerned and make them conscious of the coin.
One among $SMOG’s primary options is its huge giveaway with Zealy, the place 35% of the overall cash can be given to neighborhood members. $SMOG holders may stake their tokens to earn rewards of as much as 42% a yr.
The rewards for staking, together with humorous graphics and giveaway incentives, have helped $SMOG collect a big neighborhood on social media like Twitter. Buyers have already staked 17,973,959 $SMOG tokens, exhibiting a robust curiosity in passive rewards and confidence within the venture’s future.
Proper now, buyers can snag a ten% low cost on Smog by shopping for instantly from the venture’s web site. However they’ll have to act rapidly as a result of this supply gained’t final lengthy. Furthermore, the token has caught the eye of some huge crypto influencers.
For example, Jacob Bury, a YouTuber with 31,000 subscribers, recommended the venture may enhance 100x, pointing to its method throughout a number of chains and the beneficiant giveaway. Given Bury’s affect within the crypto world, his help has probably added to the rising curiosity in $SMOG.
Multi-chain technique and deliberate token burn gasoline venture’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 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 knowledge indicating that this area of interest is presently valued at $2.7 billion. Whereas $SMOG advantages from being on Solana, its creators are taking an extra step with a multi-chain method.
$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 consists of plans for a burn protocol that might additional speed up its progress. Though it’s speculative, $SMOG appears to be in a superb place to profit from the rising curiosity in meme cash amongst buyers, no matter their stage of expertise.
To develop into part of this thrilling new venture, buy $SMOG tokens right here.
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