Traders are wondering if this Solana meme coin could follow in the footsteps of DogWifHat after a significant 70% price increase.
As SMOG’s price analysis indicates buying opportunities still exist, speculation is rife that a potential Binance listing could catalyze further gains.
This article will provide price analysis of SMOG’s recent trends, and examine whether it’s on the verge of a parabolic price prediction amidst CEX launch rumors.
this is massive…..going higher. more to come$SMOG, #SMOGSOAR and #ATH pic.twitter.com/Hzal540GyL
— Okenwa001 (@Okenwa110) March 8, 2024
Crypto community sentiment has become jubilant surrounding the SMOG tokens rapid ascent to a jaw-dropping $287m market cap valuation, but with project poised for big strides – many are now questioning whether SMOG has the propensity to become the next BONK – lets take a closer look.
SMOG Price Analysis: As Rising Solana Meme Coin Smog Token Hits New ATH – Could it Be The Next DogWifHat?
As price action stands strong in a -5% local retracement following the all-time high, SMOG is currently trading at a market price of $0.364 (representing a 24-hour change of +28.4%).
This comes after the SMOG token exploded out of consolidation above a higher support level around $0.31, in a stunning +15% push across 2-hours.
With SMOG’s all-time high now standing at an impressive $0.38, it’s clear SMOG has now cemented its status as one of the biggest Solana meme coins in the game.
Indeed, at present SMOG token is ranked as the 4th biggest Solana meme coin by market cap.
Despite the all-time high, buy-pressure underpinning the upside move remains strong, with buys accounting for 55% of transactions over the past hour, and it seems markets are showing no signs of slowing down with a frenzied $6.51m in trading volume over the past 24-hours.
This suggests that SMOG token is likely to continue breaking out in the near future, but beware, after such an aggressive move a price correction would be a healthy development for technical structure.
However, now ranked as the 4th biggest Solana meme coin, it seems that SMOG could go parabolic in an aggressive ascent to top 3 status.
Consider top Solana meme coin, DogWifHat (WIF), which has undertaken a skyrocket ascent to overtake BONK as top dog in recent weeks.
WIF token is now stood at a jaw-dropping market cap of $2,141,108,381 – highlighting that huge value accrual still awaits SMOG price.
If the airdrop token was to reach a comparable market cap, it would represent an incredible 7.7x return from current price levels – something that’s not unlikely in present market conditions.
But there are also compelling reasons why SMOG is likely to mount such growth, stemming from it’s unique offering which stands out in the meme coin market.
What Is The SMOG Airdrop Campaign?
Designed from the get-go to incentivise and reward long-term holders, championing the rally call “No meme coin can survive the fiery flames of SMOG”.
On a utility level, the SMOG token grants holders access to the elite ‘The Dragon’s Court’ crypto community – making their wallets eligible to participate in a high-octane community adventure focused on airdrops.
Igniting community engagement forms the heart of this ambitious plan, and this is fuelling SMOG’s climb towards achieving its aim of unmatched virality in the Solana meme coin domain.
To participate, individuals must buy and hold the SMOG token, enabling them to earn airdrop points.
Although the exact nature and detail of rewards is yet to be revealed, the airdrop campaign promises to be like nothing ever seen before on Solana.
Moreover, to boost earnings, holders can benefit from a community bounty throughout the campaign, further incentivizing loyal holding.
How To Join The Loyal 10,000 Army and Enter The Dragon’s Circle?
Interested investors wishing to participate in the airdrop campaign, will need to start by setting up a Solana-compatible wallet (we recommend Phantom).
Once the wallet has been funded with either SOL, USDT, or BONK tokens users can swap for SMOG via the Jupiter DEX aggregator or Birdeye.
$SMOG One #Memecoin To Rule Them All
Buy or stake ERC-20 $SMOG tokens through our website for 42.0% APY.
Tokens staked are locked for 90 days, with rewards withdrawable throughout.
All tokens purchased through the site will be automatically staked.
Link in bio! pic.twitter.com/Y98lZcjuk6
— SMOG (@SMOGToken) February 10, 2024
In order to have the best chance of joining the loyal 10,000 – which will boost airdrop earnings, participants are invited to undertake quests from the community tasks list on Zealy.
Engage with the community on X (Twitter), Discord, and Telegram so you don’t miss out on any news or updates.
Want to learn more? Read the Litepaper to find out.
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