New Smog Token Hits $100 Million FDV – Is $SMOG The Next Big Solana Meme Coin?
In Brief
SMOG is another Solana-based meme coin to have graced the crypto market, which means one thing can be said with some degree of certainty: its value will go up even further.
The market is ripe with Solana-based memecoins. Q3 2023 saw the launch of Bonk, which ruled the meme coin charts, and it also saw the arrival of Myro, which witnessed a parabolic increase soon after launch. Another Solana-based token – the Smog (SMOG) token – has now arrived to take the market by storm.
Within days of going live on Jupiter DEX, SMOG established a strong uptrend, rising over 4,000%. The token has now started to accumulate around the $0.06 region and just under a $100 million FDV, with the possibility of experiencing another surge when its first CEX listings are announced.
New Meme Coin Smog
Carrying dragon-based aesthetics, this new meme coin takes inspiration from the Hobbit. And just like the original dragon hoarded gold, SMOG can become the wealth generator for both short-term seekers and long-term holders.
The crypto verse is full of mysticism, where dragons of innovation unleash their fiery breath on the crypto market, making it hot with assets with the potential to explode quickly. That is the gist of how the whitepaper describes SMOG.
“The mighty SMOG is a crypto meme coin burning its path on the Solana blockchain“, writes SMOG in its official whitepaper.
The meme coin’s launch on Jupiter DEX indicates a sense of community. The token’s development is decentralized, giving the air of democratized access and a transparent ecosystem.
But the rapid price increase SMOG has received once it went live isn’t the only reason to be excited about it; there is also an airdrop accessible to the holders of $SMOG. The drop will be based around airdrop points, and SMOG has dubbed it the greatest Solana airdrop of all time.
It will be run through zealy.io and consist of monthly, weekly, and daily quests that players must complete to get a bigger portion of the airdrop. This gamification of airdrops is the first of its kind, making SMOG unique among new meme coins.
SMOG Profit Potential: How High Can It Go?
SMOG is another Solana-based meme coin to have graced the crypto market, which means one thing can be said with some degree of certainty: its value will go up even further.
Case in point: the release of BONK and Myro. BONK started showing some momentum in October 2023, and by the time mid-December 2023 arrived, it moved up on the price charts by a massive 45333%, making it one of the biggest pumps.
The token has now been listed on Binance, showcasing its strength in the crypto space. More recently, another token – Myro – presented players with a Doge-based token on the Solana Blockchain.
Myro’s performance on the price charts was equally phenomenal. The token quickly rose by 41,305% and reached a market capitalization of more than $200 million in the middle of January 2024.
SMOG is displaying the same strength, and its listing on a DEX is another reason to be bullish on the new meme coin. 2023 saw the same with the release of SPONGE.
The SpongeBob Squarepants-inspired meme token launched on a decentralized exchange without much fanfare and went ahead and 50x its original value, and its market capitalization went from $2 million to $100 million within a short time.
While it is natural to expect SMOG to behave similarly, can it become better?
The community factor is high with SMOG. Its launch on Jupiter DEX has already proven the love Solana and Solana-based meme coins have been getting on the decentralized exchange.
The new meme token has already gotten the attention of major crypto Youtubers, such as Zach Humphries. who although has some cautious words to say about the token, has also expressed his excitement about the project’s future prospects.
SMOG Tokenomics
There are 1.4 billion $SMOG tokens in total, out of which:
- 50% have been dedicated to marketing
- 35% are set aside for the free Smog airdrop
- 10% is for CEX liquidity
- 5% is for DEX liquidity
How to Buy SMOG Token
Here are the steps to buy SMOG:
- The first step is to download the phantom wallet from the official website – https://phantom.app.
- Buy Solana (SOL) from any crypto exchange, and withdraw it to your Phantom wallet address.
- Go to the Jupiter DEX and proceed to connect your wallet. Or, you can visit the official SMOG token website – smogtoken.com – and use the widget there.
- Swap your SOL for SMOG.
Another method is to use birdeye.so and connect your wallet to swap SOL for SMOG through the platform’s Jupiter DEX integration. Note – beware of fake Birdeye apps on the App Store.
The $SMOG team have also now launched an Ethereum bridge enabling it to be purchased OTC with ETH or USDT on the project’s website, with a time-limited 10% discount.
Can SMOG Become the Next Big Meme Crypto
SMOG has the same fundamentals that have made Solana-based meme coins such a big hit. But the upcoming airdrop makes it even more valuable.
Those looking to diversify their portfolios with a meme coin with strong fundamentals and long-term potential could consider parking some funds into SMOG.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
More articles
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
