Smog Value Rockets 50% in a Day – Subsequent Hype Meme Coin to Watch?

As of late introduced some primary actions within the crypto international.

As Bitcoin noticed a 4% building up in its value, the newly introduced Smog (SMOG) token at the Solana blockchain has noticed its value skyrocket over 50% up to now day to hit $0.044.

This spectacular upward thrust has sparked hypothesis that it is usually a tasty Solana-based meme coin to shop for, forward of earlier luck tales like Bonk (BONK) and dogwifhat (WIF).

SMOG Value Soars Over 50% After Discovering Its Footing

SMOG token exploded onto the scene final week when it introduced on Jupiter, some of the fashionable DEXs on Solana.

The hype used to be quick – inside the first 3 days of release, SMOG’s worth rose by means of over 3,000%.

On the other hand, like many scorching new meme tokens, value pulled again sharply on Sunday and Monday as early buyers took income.

At one level, SMOG had declined nearly 53% from its height value.

However since the previous day, the token has discovered its footing and is gaining momentum once more, emerging over 50% within the final 24 hours.

It kind of feels after its preliminary hyper-growth segment, SMOG has stabilized and located a worth flooring.

With over 14,600 holders now proudly owning the token and $521,000 in 24-hour buying and selling quantity, there may be obviously sturdy hobby that might push SMOG upper sooner or later.

As such, the following couple of days shall be a very powerful to look if this new meme coin has the basics to transition right into a mainstay of the Solana ecosystem.

Dragon-Themed SMOG Guarantees the Biggest Airdrop in Historical past

So what precisely is SMOG, and why all of the hype?

SMOG manufacturers itself as a dragon-themed token aiming to rank among the highest meme cash on Solana.

The builders plan to reach this thru what they declare would be the “largest airdrop in historical past” that may praise SMOG holders with a percentage of 35% of the entire token provide.

Different options using hobby within the token come with Smog’s attention-grabbing visuals, which coincide with the Yr of the Dragon within the Chinese language zodiac calendar.

There additionally appear to be hints of a imaginable token burn sooner or later, as defined in Smog’s roadmap.

If a token burn had been applied, it might power additional shortage – and doubtlessly result in much more value progress for SMOG.

After all, like with any new meme coin, SMOG nonetheless comes with a prime stage of possibility and volatility.

However the hype and pleasure surrounding its airdrop plans, dragon theme, and rumored token burn are obviously attracting speculators searching for the following explosive meme token.

May just SMOG Be the Subsequent Large Factor at the Solana Blockchain?

With all of the buzz round SMOG, an evident query is whether or not it may well be regarded as the highest Solana token to shop for now.

There’s for sure a controversy to be made, given its intriguing tokenomics and long term plans.

On the other hand, SMOG does face some stiff pageant.

BONK and WIF additionally had their viral moments as main Solana meme cash however have since cooled off from their all-time highs – leaving a gap for the following scorching token to emerge.

Moreover, the wider crypto marketplace is gaining steam in early 2024 because of huge institutional funding.

Bitcoin (BTC) handed the $50,000 mark the previous day, offering a tailwind for smaller meme cash.

The Crypto Concern & Greed Index additionally hit 79 the previous day – its very best worth since November 2021.

So, with call for and capital flowing into the crypto house, SMOG has come onto the scene at an opportune time.

If the builders can ship on their promised roadmap and achieve new change listings, SMOG will have authentic long-term possible – and place itself as a contender for the most productive Solana token to spend money on now.

Discuss with Smog Token Web site

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