As the next Republican (GOP) primary approaches, a new ERC-20-based meme coin called ‘Trump’ token has exploded +26,598%.
This article will provide an analysis of TRUMP’s current price trends and look to see whether a newer meme coin, SMOG, represents a more promising investment opportunity at this time.
100k+ buy volume detected
Name: #TRUMP
CA: 0x28C415cFf99ff6e92DE02865eC867FE3132f753D
└─ Contract holds 0% of Token supply!
SNIPEscore 34/100
High Risk Issues 4
Pair age: 2d
Contract Verify
Owner: 0x5e7c8e3Fd75fB44cdc1dcdB416092D323FAef96E… pic.twitter.com/MmbAlkcQjd
— Shitcoin Buy Volume Signal | Sinpe.guru (@snipeguruvol) February 21, 2024
TRUMP token has gained major upside traction after being picked up by multiple meme coin signal bots, which fuelled a flood of trading volume to the pumping price action.
TRUMP Price Analysis: After TRUMP Token Undertakes Major Retracement – Could New Republican Meme Coin Bounce Back?
With retracement sending price action tumbling, TRUMP is currently trading at a market price of $0.001445 (representing a 24-hour change of -76.63%).
Launched at a price of $0.00002 around 1AM UTC on February 21, TRUMP token gained almost immediate traction, triggered as the new listing became publicized by popular meme coin trading bots.
Amid an initial flood of $139k in trading volume, TRUMP price action skyrocketed, with price climbing a jaw-dropping +26,598% across 5-hours.
However, as early backers took profit on the major gain, retracement set into the chart around an all-time high of $0.05, with the price entering a complete free-fall over the subsequent 2-hours.
Despite the -91% retracement move, meme coin traders remained bullish on the potential for big gains for TRUMP token with the upcoming Republican primary.
This sentiment fuelled an attempted second rally, which mounted a +418% recovery before once again collapsing back down to bedrock support, highlighting a major resistance zone between $0.04 and $0.05.
Yet, despite the bleed-out, all is not over for the TRUMP token, which remains at a $144k market cap with 375 remaining holders – suggesting the potential for as much as a 10x return from current levels.
But this view is diminished by the unlocked nature of TRUMP token’s minuscule $15.43k liquidity pool, which leaves TRUMP holders vulnerable to a honeypot or illiquidity.
For this reason, alongside others like superior gas fees, many meme coin traders are shifting their attention to Solana and exciting launches like the SMOG airdrop campaign.
Better Play Than TRUMP 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 SMOG
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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