The meme coin market stays popular in early 2024, with a brand-new Solana-based token called Smog turning heads.
Released previously today, Smog (SMOG) has actually currently risen by over 1,000%, bring in favorable cost projections from popular crypto traders.
SMOG Token Takes Flight with Huge 1,000%+ First-Day Surge
SMOG was released on the Jupiter DEX on February 7 and has actually because soared in worth, with birdeye.so information revealing that a tremendous $1.2 million in trading volume happened in the previous day alone.
Furthermore, the token saw interaction from 1,780 traders over the previous 24 hours, marking a 67% boost from the previous day.
There are now 10,400 distinct SMOG holders, which is exceptional thinking about the token is simply 2 days old.
Financiers have actually been shouting to purchase SMOG tokens due to the fact that they diverge from the normal pet dog style seen with a lot of meme coins.
On the other hand, SMOG includes a fire-breathing dragon mascot, relatively influenced by the character Smaug from The Hobbit franchise.
Taking a look at the task’s tokenomics, SMOG’s group has actually reserved allowances for a neighborhood airdrop, marketing, DEX liquidity, and more exchange listings.
SMOG’s roadmap describes enthusiastic objectives to reach 100,000 special holders and possibly present a token burn procedure.
With over 10,000 individuals currently following the token’s authorities Twitter page, it’s clear SMOG has actually struck home with the financier neighborhood.
Leading Crypto Traders Discuss SMOG’s Explosive Price Potential
SMOG’s meteoric launch hasn’t gone undetected, bring in attention from prominent crypto traders on YouTube.
A number of popular traders have actually highlighted the token’s capacity in current videos, forecasting advantage of 50x (or more) for the intense meme coin.
Jacob Bury called SMOG a “100x prospective Solana meme coin” in a video launched simply one day after the token’s launch.
Fellow trader Matthew Perry likewise launched a video about SMOG, promoting it as a new meme coin that might be “crowned king of the Solana chain.”
Maybe most considerably, a video from Crypto ZEUS, who has more than 70,000 customers, stated SMOG as a “brand-new memecoin gem taking off.”
In Crypto ZEUS’s video, he highlighted SMOG’s current rate action and hypothesized that the continuous rally is simply the start of the token’s complete capacity.
In between the excellent gains and bullish forecasts from leading crypto traders, SMOG appears to be on the ideal course to ending up being the next Solana meme coin to break out.
Upcoming SMOG Airdrop Could Fuel Further Price Increases
Among the most expected upcoming drivers for SMOG is the scheduled airdrop.
As kept in mind previously, 35% of the overall SMOG supply, corresponding to 490 million tokens, has actually been reserved to reward early adopters.
Based upon SMOG’s present rate, this airdrop allowance totals up to a huge $28.9 million in worth.
To take part in the airdrop, traders should purchase and hold SMOG tokens in a suitable Solana wallet to make “airdrop points.”
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