Solana Airdrop Meme Coin $SMOG Goes Parabolic As New All-Time Highs Defy Bitcoin Price Correction
Wednesday, March 6, 2024 – The fastest-growing Solana meme coin $SMOG is hammering new all-time highs as the token goes parabolic into price exploration.
As $SMOG skyrockets, market participants are asking: is this the next Shiba Inu?
Amidst high-octane trading activity in Solana meme coin markets, $SMOG token has begun a magnificent ascent, soaring +63.78%, propelling the promising airdrop token into 17th place on the leaderboard of the most valuable meme coins.
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The defiant move was fueled by a sudden influx of $1.9M in trading volume over the past 24-hours, as smart money investors flocked to $SMOG’s rally to avoid a broader price correction after bitcoin’s new all-time high.
$SMOG Price Analysis: How High Can $SMOG Token Rally In Price Exploration?
As the dragon-themed coin picks up traction in Asia in this, the year of the dragon, the significance of recent price moves becomes clear.
$SMOG has confirmed a breakaway into the upside of the trading channel and a dramatic rally to an impressive near $150M market cap.
At the time of writing, $SMOG was trading at a market price of $0.166 (representing a +42% 24-hour change).
Amid a seismic +62% daily candle, upside exploration is dominating $SMOG’s trajectory as price action continues to mount sequential all-time highs (the latest standing at $0.19).
However, despite major upside, $SMOG’s trading channel still has the capacity for as much as a +90% move before reaching upper trendline resistance.
Buy pressure remains in control of price action, with buys representing 53% of transactions over the past 6-hours.
$SMOG bulls are now targeting a leg-up to a new all-time high above the psychologically important level of $0.20. Encouragingly, the downside risk is minimized here by lower support between $0.12 and $0.13.
Approaching 50,000 holders: $SMOG Takes Aim At Most Popular Solana Meme Coin
But the excitement doesn’t end in the charts, as the SMOG airdrop campaign rapidly approaches major milestone goals for community growth and participation.
$SMOG’s powerful break higher has seen the number of token holders surge dramatically in just a few days, with holders currently totaling 49,420.
This is just 580 new holders away from the titanic goal of 50,000 holders, and leaves $SMOG poised to become the largest Solana meme coin in the near future – with incumbent top spot holder $WIF standing at 69,010 holders.
But the growth of SMOG’s airdrop campaign hasn’t been limited to just holders, with the number of airdrop quest completions on Zealy exploding to more than 1,000,000 completions.
Rumored Upcoming Major T1 CEX Listing Could Catalyze DogWifHat Style Moonshot
Furthermore, rumors are now spreading throughout the SMOG community like wildfire, with holders in the know teasing that $SMOG could be heading for a major tier-1 CEX listing in the coming days or weeks.
And the rumor isn’t without basis, as a CEX listing would mark the obvious next major step for $SMOG ahead of exciting roadmap plans such as staking and burn events.
In terms of price action, a tier-1 CEX listing could be truly game-changing for the already skyrocketing $SMOG token, and (although there is also a generous 10% OTC bonus when buying $via SMOG via the official website).
Buying $SMOG from the OTC website widget allows users to stake their tokens on Ethereum to earn APY, another impressive feature that won’t be found amongst Smog’s meme coin rivals.
By making it easier than ever for new retail traders to stake $SMOG and connecting the token with much larger trading volumes, it’s 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 $WIF token would be listed on the exchange, and this triggered a +28% move in just an hour for the rival meme coin (+55% trading volume in an hour).
(Blue – $WIF, Orange – $SMOG)Market fervor surrounding the Binance news sent $WIF token to a $1.85bn market cap.Just imagine what a similar move could do for $SMOG’s comparatively low $129m market cap.
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 boost your chances of being selected for the Loyal Chosen and to increase your airdrop earnings, take on the challenge of completing the community tasks list on Zealy.
Join the Smog community on X (Twitter), Discord, and Telegram to stay tuned with the latest news and updates.Explore the Litepaper to find out more.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
