A new meme-coin based on Solana is getting ready to enter centralized trading platforms. This was announced in social networks by the developers of the project. The exact date of the release of the coin on exchanges has not yet been disclosed. However, some crypto-enthusiasts suspect that it could happen as early as next week.
In order not to waste time waiting in vain, the development team encourages investors to continue to perform airdrop tasks on the Zealy platform. The first play season will come to an end in a week – after that Smog community will be rewarded with $1 million. In the second season, the developers promise to put more emphasis on onchain trading.
The $SMOG token has the potential to reach great heights
Digital assets are volatile in their own right, but the prices of meme coins tend to be characterized by even greater fluctuations. This means that they are capable of making large profits as well as losses.
Despite this, experts are quite optimistic about $SMOG. During the whole February it was systematically growing in price and reached $0.1725. At the same time, the monthly increase in the price of this token amounted to 233%. Against the background of such a rapid development, experts increasingly agree that the coin expects even greater demand in the future.
On the rise in the price of the asset, in their opinion, will also affect the correction of bitcoin and the possible opening of spot funds for ETH.
In addition, halving is expected to occur on April 19, 2024. This is a process in which the reward for mining BTC is halved. It will lead to a reduction in supply, and the market will have to adapt to the resulting changes. It will be affected by the increased demand caused by the launch of ETF funds for BTC.
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So why is bitcoin halving so important for other cryptocurrencies? It’s simple: new mining conditions tend to cause a massive rally and increase the overall value of coins on the market.
Also next month, the SEC is going to decide on Ethereum spot fund applications. If they do launch, the price of the $SMOG meme coin could rise significantly.
$SMOG: blockchain features and airdrop
Ethereum has remained one of the most successful blockchains for a long time. However, today Solana is able to seriously compete with it. This is due to the fact that on the basis of Solana, a large number of different meme-coins are issued today. They are gradually becoming more expensive, and the community around them is expanding.
Among the particularly outstanding variants stand out such projects as Dogwifhat, Bonk and Slerf. The growth of some of them averages between 100% and 400% over the last month. However, Slerf is currently going through a prolonged period of slight correction.
$SMOG appeared on the decentralized exchange Jupiter in early February this year. Its main goal is to conduct a large-scale token distribution and create a strong and cohesive community based on it.
To participate in this airdrop, you need to connect a cryptocurrency wallet compatible with the Solana network. SOL, USDT or BONK coins should be placed on it. With their help, you can purchase $SMOG through Jupiter or Birdeye aggregators.
After that, one should place the purchased assets in staking for 90 days and start performing tasks on the Zealy platform. For each of them, investors receive XP points, which will eventually help to increase the overall level of income. More information about the project and its updates can be found on X/Twitter, Discord and Telegram.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
