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The fastest growing Solana meme coin, $SMOG, is hitting new all-time highs as the token goes parabolic in price exploration. As $SMOG soars, market participants are wondering: is this the next Shiba Inu?
Amid high-octane trading activity in the Solana meme coin markets, the $SMOG token has begun a magnificent ascent, skyrocketing +63.78%, propelling the promising airdrop token to 17th place in the meme coin rankings more valuable.
The challenging move was prompted by a sudden influx of $1.9 million in trading volume over the past 24 hours, as savvy investors flocked to the $SMOG rally to avoid a broader price correction following bitcoin's new all-time high.
$SMOG Break the all-time high AGAIN!$SMOG just broke above $0.138 after a massive #Whale shopping!
The momentum is unstoppable – join the journey now! pic.twitter.com/RhYaSOf4Hj
– Almighty (@Almighty_Gives) March 5, 2024
$SMOG Price Analysis: How High Can the $SMOG Token Price Go?
As dragon-themed currency gains traction in Asia in this year of the dragon, the significance of recent price movements becomes clear. $SMOG has confirmed a breakout to the bullish side of the trading channel and a spectacular rally to an impressive market capitalization close to $150 million.
At the time of writing, $SMOG was trading at a market price of $0.166 (representing a +42% change in 24 hours).
Amid a seismic daily +62% candle, bullish exploration is dominating $SMOG's trajectory as the price action continues to reach sequential all-time highs (the last one stood at $0.19).
However, despite the huge upside, the $SMOG trading channel still has the ability to make a move of up to +90% before reaching the upper trendline resistance.
Buying pressure continues to control price action: purchases account for 53% of transactions in the last 6 hours.
$SMOG bulls are now targeting a rally towards a new all-time high above the psychologically important $0.20 level.
Encouragingly, downside risk is minimized here thanks to lower support between $0.12 and $0.13.
Almost 50,000 holders: $SMOG aims to be the most popular Solana Meme coin
But the excitement doesn't end at the charts, as SMOG's airdrop campaign quickly approaches important goals for community growth and engagement.
$SMOG's powerful bullish breakout has seen the number of token holders increase dramatically in just a few days, with total holders currently standing at 49,420.
Join the Smog Airdrop at #Zealy! Smog is a new popular #memecoin in #solarium block chain!
Rewards: Points will be converted into $SMOG at the end of the campaign!Join now https://t.co/jVLyhRr1tK
1⃣ Connect to Zealy
– Airdrop crypto – Token and nft (@AirdropCrypto68) March 3, 2024
2⃣ do social tasks
3⃣ come back daily for more tasks
… pic.twitter.com/KQ7u5eLe0d
But the growth of SMOG's airdrop campaign has not been limited to possessors alone, as the number of airdrop missions completed on Zealy has skyrocketed to over 1,000,000 completions.
Rumored Next Major T1 CEX Listing Could Trigger a DogWifHat-Style Moonshot
Furthermore, rumors are now spreading throughout the SMOG community like wildfire, with informed holders teasing that $SMOG could be headed for a major Tier 1 listing on CEX in the coming days or weeks.
And the rumor is not without foundation, as a CEX listing would mark the obvious next big step for $SMOG ahead of exciting roadmap plans such as staking and burning events.
In terms of price action, a CEX Level 1 listing could be a real game-changer for the already skyrocketing $SMOG token, and there's also a generous 10% OTC bonus when purchasing $SMOG through the site. official Web).
Acquiring Buy $SMOG from the OTC website widget allows users to stake their tokens on ethereum to earn 42% APY, a multi-chain feature that won't be found among Smog's meme coin rivals.
By making it easier than ever for new retail traders to stake $SMOG and connecting the token to much larger trading volumes, it is not unlikely that in the current climate surrounding Solana meme coins $SMOG could mount a 10x move.
For example, on March 5, Binance announced that the $WIF token would be listed on the exchange, and this triggered a +28% move in just one hour for the rival meme coin (+55% trading volume in one hour ).
Market fervor surrounding the Binance news saw the $WIF token reach a market capitalization of $1.85 billion.
Imagine what a similar move could do for the comparatively low $SMOG of $129 million. Market cover.
How to buy Smog Token and join the SMOG Airdrop campaign?
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 exchange them for SMOG Through the Jupiter DEX aggregator or bird's eye.
To increase your chances of being selected for the Loyalist Chosen and increase your airdrop earnings, accept the challenge of completing the community task list in Zealy.
Join the Smog community on X (Twitter), Discordand Telegram to stay tuned for the latest news and updates.
Explore the Lite Paper To discover more.
Buy SMOG here
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