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

Immediately introduced some main actions within the crypto world.

As Bitcoin noticed a 4% enhance in its value, the newly launched Smog (SMOG) token on the Solana blockchain has seen its value skyrocket over 50% prior to now day to hit $0.044.

This spectacular rise has sparked hypothesis that it could possibly be a tasty Solana-based meme coin to purchase, forward of earlier success 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 launched on Jupiter, one of the vital fashionable DEXs on Solana.

The hype was quick – inside the first three days of launch, SMOG’s worth rose by over 3,000%.

Nevertheless, like many sizzling new meme tokens, value pulled again sharply on Sunday and Monday as early buyers took earnings.

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

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

It appears after its preliminary hyper-growth part, SMOG has stabilized and located a value ground.

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

As such, the subsequent few days will likely be essential to see 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 amongst the highest meme cash on Solana.

The builders plan to attain this by way of what they declare would be the “best airdrop in historical past” that may reward SMOG holders with a share of 35% of the overall token provide.

Different options driving curiosity within the token embrace Smog’s eye-catching visuals, which coincide with the Yr of the Dragon within the Chinese language zodiac calendar.

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

If a token burn had been applied, it might drive 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 excessive diploma of danger and volatility.

However the hype and pleasure surrounding its airdrop plans, dragon theme, and rumored token burn are clearly attracting speculators in search of the subsequent explosive meme token.

May SMOG Be the Subsequent Large Factor on the Solana Blockchain?

With all the thrill round SMOG, an apparent query is whether or not it could possibly be thought of the highest Solana token to purchase now.

There’s actually an argument to be made, given its intriguing tokenomics and future plans.

Nevertheless, SMOG does face some stiff competitors.

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 subsequent sizzling token to emerge.

Moreover, the broader crypto market is gaining steam in early 2024 on account of huge institutional funding.

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

The Crypto Concern & Greed Index additionally hit 79 yesterday – its highest worth since November 2021.

So, with demand and capital flowing into the crypto area, SMOG has come onto the scene at an opportune time.

If the builders can ship on their promised roadmap and attain new change listings, SMOG might have real long-term potential – and place itself as a contender for the perfect Solana token to spend money on now.

Go to Smog Token Web site

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