Meme coin fever: Dogwifhat "x4" value, Smog SOL "skyrocketed" with an increase of 112%
Monday, March 4, 2024 – The meme coin cryptocurrency market is recording a strong boom with impressive price increases of famous meme coins. In the past 7 days, the price of Pepe has increased by 325%, Dogwifhat has increased by 418%, Shiba Inu has increased by 128% and Smog (which just launched) has increased by 118%.
Overall, the market capitalization of all meme coins has increased by 15% in just the past 24 hours, reaching $46 billion. This is a number that shows the attraction and strong development of the meme coin market.
The heat of the meme coin market still shows no signs of cooling down, typically the 46% price increase in the past 24 hours of Dogwifhat. This is a positive signal for meme coins on the Solana platform, especially for $SMOG. Besides, the spectacular breakthrough of PepeSol, another emerging meme coin, also strengthens the prospects for this market, PepeSol recorded a huge growth of up to 1,075% in just a few hours.
Like PepeSol, Smog is also a meme coin built on the Solana platform. This shows that, in the current meme coin fever, Solana is gradually becoming a favored platform by "visionary" investors. With potential and support from the market, Smog promises to become a notable name in the future.
Bitcoin increases, Altcoins also increase
The cryptocurrency market is vibrant again with the "dominance" of Altcoins. Especially for newcomers, it should be noted that when Bitcoin skyrockets to its current all-time high, other Altcoins will tend to "catch up" with this growth momentum.
When Bitcoin increases in price sharply, money tends to flow into Altcoins, pushing their prices up. This is an opportunity for investors to earn high profits, but it also comes with certain risks. The place that attracts the most "sharks" to flock to today is meme coins, which are known for their ability to bring high profits (ROI).
However, compared to old meme coins, new coins like Smog possess many outstanding advantages, providing more attractive investment potential.
$SMOG: Dragon meme coin token on Solana "plays big" with huge airdrop, surpassing everyone including Dogwifhat
Solana is being seen as a "fertile land" for new meme coin projects, despite problems with this blockchain platform. The increasingly strong attraction of activities on this platform, especially the influx of meme coins, is clear evidence of that.
According to data from DappRadar, in the past 7 days, Solana was the "busiest" blockchain in terms of transaction volume. Specifically, Solana has recorded 98 million transactions, while this number for Ethereum is only 1.2 million. This shows that Solana is outperforming Ethereum in terms of speed and transaction fees, even more so than many other Layer 1 platforms known as the "Ethereum killer".
The project takes advantage of Solana's speed and low transaction fees to build a community of its "mysterious dragon" followers. This community is grown and expanded through a gamified airdrop campaign.
Smog's airdrop campaign was conducted on Zealy, a platform specializing in organizing airdrops for blockchain projects. Participants can receive the $SMOG airdrop by completing tasks.
Second, despite being on the market for just 25 days, Smog has quickly attracted the attention of investors, especially newcomers. Compared to long-standing "elders" such as Shiba Inu, Dogecoin or Pepe, Smog possesses higher growth potential thanks to its novelty and unique advantages.
Smog is being compared to the "second Dogwifhat" - meme coin Solana once created a fever with a galloping price increase of up to 11,000%. Smog's price chart shows similarities to Dogwifhat in its early stages of development, with impressive parabolic growth. Since its launch on February 7, Smog has recorded 7,700% growth, a promising number for future growth potential.
Launched on decentralized exchanges (DEXs) with a starting price of just $0.001419, Smog is currently trading at $0.1019, representing a growth of 7,077%. The diluted market capitalization based on the circulating supply of 770 million tokens is approximately 90 million USD, showing the project's enormous growth potential.
According to data from DEXTools, Smog Token has attracted more than 39,500 holders, with liquidity in the Raydium pool skyrocketing to $2.18 million, helping the trading process run smoothly.
Interest and transactions for $SMOG are rising, thanks in large part to the project's unique airdrop strategy. 35% of the total 1.4 billion tokens are distributed to the community, creating a strong incentive to participate and own $SMOG.
The Smog community is growing at a breakneck pace. On Twitter, Smog attracts more than 31.3 thousand followers, Telegram has 16,500 members and Discord has 8,504 users. Most notable is that more than 14,000 people participated in the airdrop on Zealy, demonstrating the community's great interest in the project.
Currently, there are more than 14,000 members participating in the airdrop on Zealy, taking advantage of the opportunity to receive tokens by completing quests to earn points for the upcoming $SMOG airdrop. The total number of completed missions is approaching the half million mark.
Participants have countless ways to earn airdrop points. They can subscribe to Smog Token community social media pages, trade $SMOG, participate in daily, weekly and monthly tasks, write positive comments on CoinMarketCap and countless other activities .
SMOG at Zealy: https://zealy.io/cw/smogtokenairdrop/questboard
Altcoins are chasing Bitcoin, opening up more potential for $SMOG buyers
Besides the above factors, the exciting altcoin season is also one of the driving forces for investors to come to Smog. Currently, Bitcoin's proportion in the total cryptocurrency market remains high, about 49.7%. This shows that altcoins still have many opportunities to grow, creating a comfortable mentality for new market participants knowing that there are still many opportunities ahead.
In addition, Smog also possesses another significant advantage called "multi-chain". Immediately after launching on decentralized exchanges (DEX), Smog became a multi-chain platform thanks to the adoption of Wormhole technology and PortalBridge.com services.
The advantage of the multi-chain platform is that it allows Smog to interact with different blockchain ecosystems, thereby expanding its scope of operations and attracting more users. This contributes to increased flexibility and convenience for users, while also opening up possibilities for future integration and collaboration.
Besides the reasons mentioned above that make $SMOG attract the attention of cryptocurrency enthusiasts, this project also scores points for its fairness in token distribution. Unlike many other projects, $SMOG does not specifically allocate tokens to the development team at preferential prices. All tokens are sold publicly to the community, ensuring everyone has an equal opportunity to own $SMOG.
Commitment to the community is clearly demonstrated through $SMOG's "flying dragon" airdrop campaign. The project targets wallets that hold high-value tokens of other projects such as Bonk, Dogwifcoin, MYRO and Samoyedcoin, with a total airdrop value of up to $1,500.
This action not only means to spread the "flying dragon" spirit but also shows $SMOG's appreciation to potential users. Instead of just focusing on attracting investors, $SMOG aims to build a cohesive community and grow together.
Buy and stake Smog OTC: 10% discount, 42% APY and more airdrop points
Not only attracting investors through fairness and community orientation, Smog also provides flexible participation methods. Unlike many other projects, users can buy and stake $SMOG right on Smog's website in the form of OTC transactions.
Those who participate in OTC staking on Smog's website will receive many attractive incentives. First, they enjoy a 10% discount when purchasing $SMOG. Second, they can earn profits with an APY (annual yield) of up to 42%. Finally, they receive even more airdrop points, increasing their chances of getting free tokens.
Although $SMOG is a multi-chain coin, existing on both the Solana and Ethereum platforms, staking is currently only available for the Ethereum-compatible ERC20 version. To participate in the Smog ecosystem, users need to use a Solana-compatible e-wallet. One of the popular options today is Phantom Wallet.
SMOG provides users with many options to participate and own tokens. You can swap (exchange) SMOG with SOL, USDT or BONK tokens through reputable decentralized exchanges (DEX) such as Jupiter DEX or Birdeye. Additionally, you can buy and stake (provide liquidity to earn rewards) $SMOG directly on the Ethereum network. To do this, visit the project website at smogtoken.com.
