In the latest Solana meme coin skyrocket, FOMO coin has witnessed a massive +80,114% FOMO price explosion, but could this lesser-known crypto be next?
This article will provide an analysis of FOMO’s current price trends and look to see whether a newer meme coin, SMOG, represents a more promising investment opportunity at this time.
Heard good team here , the ticker is good , 400k mcap , I’m gonna ape some sol.https://t.co/UHLNUT0baW
864tXF4yTGtpp9FW3znDDW4C5zjymaj5LtX27Jb155Y4
— TD.eth (@TonyDialgaX) February 5, 2024
The FOMO coin skyrocket appears to be a classic meme coin pump-and-dump move, with traders flocking to the token after promotion across Crypto X (formerly Twitter) ignited fear of missing out for sidelined investors.
FOMO Price Analysis: As Huge Retracement Move Forces FOMO Coin Price Correction – Could There Be a Second Rally?
As price action hammers down in a major cascading move, FOMO coin is currently trading at a market price of $0.30 (representing a 24-hour change of +1.87%).
This comes following a sensational launch, which saw FOMO coin climb a whopping +80,114% across 2-days following traction in Solana meme coin markets.
Fuelled by a surge of $62.4k in 24-hour trading volume, FOMO price hit an all-time high at $1.19 at 8AM (UTC) on February 26.
However, this was quickly followed by a seismic dump move, which has so far seen FOMO coin lose -74% across 3-hours.
The price correction appears to have been triggered by the suspension of the project’s X account, which has sent a shockwave through the holder community.
With panic running rampant, the high risks of meme coins are on full display, as investors scramble to sell their tokens against miniscule $21.96k liquidity.
Despite the sell-off, a potential support level around $0.25 could offer a glimmer of hope amidst the downside.
Yet, with FOMO coin’s market cap already stood at a huge $3m, it seems unlikely that the project will entice new money from here, with growth potential limited to a 2x at best.
This suggests FOMO coin is heading for a major bleed-out, a message clearly well-received by smart money investors fuelling the sell-off.
But while FOMO price analysis might offer little hope, the appetite for Solana meme coins remains large, and this alternative project could offer superior returns.
Better Play Than FOMO 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 FOMO Coin
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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