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Up to now few months, meme cash, particularly these within the Solana ecosystem, have turn into more and more in style once more, with Smog main the rally having not too long ago 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 undertaking on Solana that’s displaying promise early on. It surged by over 11x shortly after its launch, and the workforce has already launched a major replace inside days.
Regardless of being new and never broadly recognized, this meme coin has generated a whole lot 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 might have substantial room for development if present tendencies proceed.
$SMOG value prediction – Meme coin surges over 150% previously week
The worth 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 value improve, many cryptocurrency traders 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 at the moment buying and selling round $0.129, approaching one other highest value 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 value improve, with $SMOG breaking via a vital 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 elements contribute to the optimistic 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 extra tokens or modifying the contract. With robust technical indicators, a rising holder base, and rising buying and selling quantity, $SMOG’s value could have additional potential for development.
It’s additionally set to be listed on a number of exchanges within the upcoming weeks, which might probably drive its value even increased. Examine the undertaking’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 group, 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 in all $SMOG’s major options is its huge giveaway with Zealy, the place 35% of the overall cash will likely be given to group members. $SMOG holders can even 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 group on social media like Twitter. Traders have already staked 17,973,959 $SMOG tokens, displaying a robust 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 instantly from the undertaking’s web site. However they’ll have to act rapidly as a result of this provide 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, steered the undertaking might improve 100x, pointing to its strategy throughout a number of chains and the beneficiant giveaway. Given Bury’s affect within the crypto world, his assist has seemingly added to the rising curiosity in $SMOG.
Multi-chain technique and deliberate token burn gas undertaking’s potential
Furthermore, the broader market pattern 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 not too long ago, 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 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 not too long ago 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 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 development. Though it’s speculative, $SMOG appears to be in a superb place to profit from the rising curiosity in meme cash amongst traders, no matter their degree of expertise.
To turn into part of this thrilling new undertaking, buy $SMOG tokens right here.
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