As Solana meme coin markets remain supercharged hives of activity amid high ETH gas fees, AI has broken out as the latest major coin pump, but with AI price analysis revealing a potential downturn despite AI narrative – could stacking this other coin offer better returns?
This article will provide an analysis of AI’s current price trends and look to see whether a newer meme coin, SMOG, represents a more promising investment opportunity at this time.
AI/SOL
CA: 99ouK5YUK3JPGCPX9joNtHsMU7NPpU7w91JN4kdQ97po
Swap: https://t.co/im2EfTGeZphttps://t.co/SOMyQV3Aht pic.twitter.com/7c9cFoYnfV
— Sam Zoe $MON (@x3689_eth) February 18, 2024
Recent weeks have seen major Solana meme coin pumps such as PUTIN coin, and with the crypto community shifting to a repeated Spring AI narrative, this new coin has emerged as an obvious choice for astute meme coin traders.
AI Price Analysis: As New Solana Meme Coin AI Pumps Up – Is Retracement Set To Cut Rally Short?
As price action continues to flatline in the chart, AI token is currently trading at a market price of $0.002274 (representing a 24-hour change of +75%).
This follows a magnificent climb over the weekend, which has seen AI price accelerate a whopping +1,200%, after bouncing out of bedrock support around $0.0004710 at Midnight on February 18.
Subsequent price action could be described as a multi-leg breakout, with a major support level established between $0.001762 and $0.00115.
However, over the past 7-hours a hard-fought retracement move has swept into the chart, with price tumbling a dramatic -49%, after hitting an all-time high at $0.00447.
It seems likely that amidst the $3.63m in 24-hour trading volume, tumbling AI price action will bounce at the lower support zone.
Indeed, with impressive ranks of more than 10k in holders, the prospects of a sell of seem slim, especially with AI’s relatively low market cap at $2.27M.
A low market cap could see this token unlock supercharged returns from here – with a realistic prospect of a 2x to 4x move from here.
This is supported by a large liquidity pool at $415k – dwarfing similar projects – however, investors should be cautious that as for now liquidity remains unlocked and could be pulled.
Buy pressure is still holding strong, representing 62% of transactions over the past hour, suggesting bulls remain in control for now.
But while the prospect of an AI narrative might bolster a potential 3x return, a new Solana-based airdrop campaign could offer superior returns.
Better Play Than AI Price Analysis? SMOG Token – Defiant New Solana Meme coin Sets Out to Trigger Viral Airdrop Campaign
$SMOG champions the slogan “No meme coin can survive the fiery flames of SMOG,” offering holders access to the elite ‘The Dragon’s Court’ crypto community.
This community aims to achieve unmatched virality in the meme coin domain.
They do this by launching exciting, interactive, and continuous multi-airdrop campaigns to playfully engage users.
To participate, individuals must purchase and retain $SMOG, which allows them to earn airdrop points. Although the exact rewards and specifics of the airdrop campaigns are yet to be revealed, the sense of anticipation is growing.
Moreover, $SMOG holders can benefit from a community bounty produced by the campaign, further incentivizing the retention of their holdings.
SMOG Token Aims To Unlock Major Virality Through Airdrop Campaign Community – Huge 50% of Token Supply Designated to Marketing
The Smog project’s tokenomics highlight the team’s commitment to achieving viral success for their airdrop campaign.
Developers have earmarked a significant 50% of the supply for marketing, showcasing their ambitious plans.
They have reserved a significant 35% of the supply for future airdrop rewards, highlighting the promise of attractive prizes.
Efforts to decrease the circulating supply position the SMOG token for a stronger start compared to previous Solana meme coin surges like BONK, which has seen an impressive +862% year-to-date (YTD) gain despite its pullbacks.
Discover The Dragon’s Lair: Exploring Smog Token’s Extensive Plans to Beat AI
The project’s future is outlined in a detailed roadmap, showcasing several exciting milestones.
Key highlights include the introduction of a staking feature, suggesting upcoming airdrop initiatives. Additionally, discussions of a potential burn mechanism and plans for multiple future airdrop launches are noteworthy.
Uniquely, the project also lists the milestone target of achieving 10,000+ so-called ‘Loyal Chosen’.
Joining this exclusive and enigmatic group requires selection and a pledge to the SMOG realm via several community initiation rituals. This commitment comes with the promise of enhanced airdrop rewards.
How to Buy SMOG Token and Participate in SMOG Airdrop Campaign?
In order to participate in the SMOG airdrop campaign, traders will need to use a Solana-compatible wallet such as Phantom.
Then using SOL, USDT, or BONK tokens users can swap for Smog via the Jupiter DEX aggregator or Birdeye.
To improve your likelihood of selection for the Loyal Chosen and enhance your airdrop earnings, engage in completing the community task list on Zealy.
Join the Smog community on X (Twitter), Discord, and Telegram to stay tuned with the latest news and updates.
Explore the Lite Paper to find out more.
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