SMOG: a new meme-coin on Solana that’s ready to reach the max

SMOG

Can $SMOG become the new Shiba Inu? This is a question that crypto market participants are increasingly asking themselves as the meme coin is reaching new price peaks. Analysts note that the asset is appreciating extremely quickly: during the week, the token grew by 162%. This is the data provided by the information portal CoinMarketCap. These indicators allowed the project to quickly bypass competitors and take an honorable place in the rating of the most valuable meme assets.

The coin made such a leap due to the fact that the trading volume of $SMOG amounted to $3 million. This indicates that investors are interested in the new cryptocurrency and actively invest their savings in it. They do this, according to experts, in order to avoid a price correction after BTC reaches a new high.

Analyzing the price of $SMOG: how high can the new asset rise?

It seems that the developers decided to release a coin with a similar symbolism in the year of the dragon for a reason. It is increasingly popular – especially among investors from Asia. That is why experts attach such great importance to the indicators that are observed in the coin today. $SMOG continues to show excellent results and enters a sharp rally.

SMOG: a new meme-coin on Solana that's ready to reach the max
Rate change

Thus, at the time of writing this article, the price of $SMOG has reached the level of $0.2811. This increase, again, is reported by the DEXTools portal.

On the presented chart, you can notice a seismic daily candle, as well as the fact that the trajectory of $SMOG is directed upwards. This means that the price of the asset continues to set consecutive historical highs.

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However, despite the significant rise, the $SMOG trading channel is still capable of advancing +90% before reaching resistance at the upper line of the current trend. That said, the “bulls” who are buying $SMOG are aiming to take the asset to a new all-time high above the $0.30 level. Experts also note that in the case of $SMOG the downside risk is minimized.

Over 50,000 holders: $SMOG has the potential to become one of Solana’s most popular meme coins

However, even all the growth figures are not the only positive news about $SMOG. It’s also reported that the free coin giveaway – or airdrop – currently has a record number of people participating. This indicates that an actively growing community has already formed around the coin, ready to influence its further development. The same point of view is confirmed by another figure – 49,420 – so many investors are currently the owners of the new coin.

As can be noted, there is not much left until the new record of 50 thousand holders. As soon as 580 more people buy the coin, $SMOG can be fairly called one of the largest Solana-based projects. The other leader of this network – $WIF – currently has about 69,010 holders. At the same time, $SMOG has another record achievement: the number of completed tasks on the Zealy platform now exceeds 1,000,000.

Rumors of a major listing on a top exchange: will this be a catalyst for DogWifHat as well?

At the moment there are active talks that $SMOG is preparing to launch on a centralized exchange of the first level. And it may happen in the coming days or weeks.

Experts agree that such a step could be another excellent solution to promote the project. Especially if we take into account that further on the roadmap developers are going to realize the mechanisms of steaking and burning coins.

In terms of price dynamics, a listing on the CEX tier 1 could be another boost for $SMOG. Despite the fact that this token is already rapidly growing in value. In addition, the asset’s popularity is influenced by a generous offer: anyone who buys the asset through the official website can get a 10% discount.

Plus, by purchasing tokens through widgets, investors get the opportunity to place them on the Ethereum network. This will increase their APY by up to 42%. This multichain feature is another feature of Smog that most other meme coins lack.

Not surprisingly, experts predict $SMOG to grow at least tenfold in the future. Especially against the backdrop that the project offers an easy and affordable way to steak coins and get cryptocurrency rewards for it. At the same time, they take into account that already now the asset demonstrates quite large trading volumes.

To give you an example, on March 5, the Binance exchange announced that the $WIF token would be listed, which instantly led to an almost instantaneous 28% rise in price.

SMOG: a new meme-coin on Solana that's ready to reach the max
The blue line is $WIF, the orange line is $SMOG

After the news from a major trading floor, a serious excitement immediately formed around the asset. It, in turn, led to the fact that the market capitalization of the meme coin grew to $1.85 billion. It is not difficult to imagine what such a release can do to $SMOG, whose market capitalization at the moment remains relatively small – $129 million.

How to buy $SMOG and participate in the free token giveaway?

First of all, traders will need to connect a cryptocurrency wallet compatible with the Solana network. For example, this could be Phantom. Once the wallet is connected, you can move on to buying coins on Jupiter or Birdeye exchanges. To do this, you need to deposit a sufficient amount of SOL, USDT or BONK into your account.

You can also increase your income within airdrop: for example, by performing various community tasks, which are published on Zealy. The developers also have official accounts in popular social networks. You can follow all updates and important news in X (Twitter), Discord and Telegram. For those who want to know even more details about the project, the developers have published a Litepaper.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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