Crypto Meme Coin Values Surge: Dogwifhat Increases by 418% While Smog SOL Token Rises by 112%

Monday, March 4th, 2024 – Prices of crypto meme coins are surging: Pepecoin (PEPE) has increased by 325% over the last week, Dogwifhat ($WIF) by 418%, Shiba Inu (SHIB) by 128%, and the new Solana meme coin Smog airdrop (SMOG) has risen by 75%.

In total, the market capitalization of the meme coin sector has grown by 15% in just the past 24 hours, reaching $46 billion.

There are no indications that the buying spree is slowing down. Dogwifhat’s price has surged by 46% in the last 24 hours, with its gains reflecting the ongoing appeal of Solana meme coins and boding well for $SMOG.

Similarly, another newcomer, PepeSol, has experienced a remarkable increase of 1,075% in the past few hours.

Like PepeSol, Smog is a SOL meme coin, indicating that this blockchain is attracting significant interest in the current booming market.

Where bitcoin leads, altcoins will follow by catching up

Altcoin season is firmly underway, and newcomers to the market should understand that when bitcoin accelerates towards a new all-time high at its current pace, it becomes a time for altcoins to catch up.

The primary area where buyers are focusing their efforts to achieve top ROI is among the leading meme coins.

However, there are at least two additional factors that newer coins like Smog possess that older meme coins lack.

Solana meme coin dragon token $SMOG has the leading airdrop, surpassing Dogwifhat

Firstly, there is the Solana aspect. Despite initial challenges with its blockchain, SOL is thriving and drawing increasing activity, with meme coins being the latest to join in.

As reported by DappRadar, Solana has been the most active blockchain in the past week based on transaction volume, recording 98 million transactions compared to Ethereum’s 1.2 million.

By a significant margin, Solana is a faster and more cost-effective Layer 1 option than Ethereum and many other so-called Ethereum-killer Layer 1s.

Smog is leveraging Solana to cultivate its enigmatic community of dragon enthusiasts, which it is expanding through the gamification of its extensive airdrop campaign, allowing Solana airdrop seekers to participate by purchasing $SMOG and visiting its Zealy page.

The HOTTEST Solana Airdrop Ever Smog Token Crypto Review

Secondly, since $SMOG is a relatively new coin—only 25 days old—it has a greater potential to attract new investments due to its higher upside ROI potential compared to older coins like Shiba Inu and Dogecoin, as well as Pepe.

Indeed, Smog appears poised to follow the path of its Solana meme coin counterpart Dogwifhat, which has seen its price skyrocket by 11,000%, and as illustrated by the Dogwifhat chart below, is currently on a parabolic trajectory.

In a similar vein, Smog is also on an impressive upward trend, having increased by 7,700% since its launch on February 7th.

Initially debuting on DEXs at a low price of $0.001419, the dragon-themed meme coin is now valued at $0.1018.

The diluted market cap, based on a circulating supply of 770 million, stands at $90 million.

According to DEXTools data, the Smog Token has garnered over 39,500 holders, with liquidity in the Raydium pool rising to $2.18 million, facilitating smooth trading.

Driving the interest in $SMOG is the distribution of 35% of the 1.4 billion token supply to participants.

It is perhaps not surprising that the Smog community has rapidly expanded to 31.3k on X/Twitter, 16,500 on Telegram, and 8,504 on its Discord server.

Currently, there are 14,000 members in the airdrop on Zealy, taking advantage of the chance to earn tokens by completing quests (tasks) to accumulate points for the upcoming $SMOG airdrop.

The total number of completed tasks is nearing half a million.

Participants have numerous opportunities to earn airdrop points, including joining the Smog Token community socials, trading $SMOG, engaging in daily, weekly, and monthly quests, posting positive comments on CoinMarketCap, and various other activities.

SMOG on Zealy: https://zealy.io/cw/smogtokenairdrop/questboard

Altcoins catching up with bitcoin, providing ample opportunity for $SMOG buyers

A third motivation for buyers pertains to the altcoin season. Bitcoin’s dominance in the overall cryptocurrency market remains relatively high at 49.7%.

This indicates that altcoins have considerable ground to cover, offering those entering the market at this time the reassurance that there is significant potential for growth ahead.

If market participants are still seeking reasons to join the trend, another advantage for Smog presents a fourth reason for optimism—its multichain architecture.

By utilizing Wormhole technology and the services of PortalBridge.com, Smog became a cross-chain platform shortly after its launch on decentralized exchanges.

Moreover, $SMOG has attracted the attention of crypto enthusiasts for all the reasons discussed above, and it was also a fair launch.

All tokens were available to the general public, with no allocation reserved for team insiders at preferential rates.

Another appealing aspect is the team’s strategy of spreading the airdrop dragon theme by targeting the wallets of high-value holders from other projects such as Bonk, Dogwifcoin, MYRO, and Samoyed coin, amounting to $1,500.

Buy and stake Smog OTC for a 10% discount, 42% APY, and additional airdrop points

Lastly, market participants can purchase and stake $SMOG over-the-counter (OTC) directly on the Smog website.

Contributors receive a 10% discount, along with an annual percentage yield (APY) of 42% and additional airdrop points.

Although $SMOG exists as both Solana and Ethereum-based versions, staking is conducted with the ERC20 Ethereum-compliant version of the token.

To engage with the Smog ecosystem, a Solana-compatible wallet such as Phantom is required.

Using SOL, USDT, or BONK tokens, users can exchange for SMOG via the Jupiter DEX aggregator or Birdeye.

Alternatively, $SMOG can be bought and staked on the Ethereum network at the project website – smogtoken.com.

Join the Smog community on X (Twitter), Discord, and Telegram to stay informed about the latest news and updates.

The Bitcoin price is currently at $62,825, and meme coins are experiencing significant growth.

In this promising context, $SMOG is standing out as the Solana ecosystem shows positive momentum.

Buy $SMOG Here

The post Crypto Meme Coin Prices Explode: Dogwifhat Jumps 418% Whilst Smog SOL Token Soars 112% appeared first on Cryptonews.