By Tearaway dragon coin $SMOG set a new all-time high (ATH) and breathed its fiery plenty onto holders this weekend as it hit three major milestones en route to the biggest airdrop of the year.
First, $SMOG achieved an ATH above $0.127 over the weekend as it advanced one decimal place, a very bullish posture as meme season heads into overdrive.
This price action sent Smog Token’s circulation-adjusted market cap ever closer to the hallowed $100 million mark, a sensational feat for Solana’s young and hungry dragon.
Secondly, the number of $SMOG holders went from 32k on Friday March 1 to over 43k by the end of the weekend on Monday March 4, 2024, indicating the feverish demand this coin has already unlocked.
Thirdly, $SMOG is now on Jupiter’s strict list, which means it has been vetted as a core token offering by the decentralized exchange’s (DEX’s) developer team, adding a new stamp of approval and validity to this barely month-old cryptocurrency.
Huge Airdrop for $SMOG Holders as Whales Start to Enter
In addition $SMOG’s new ATHs in price and users, as of March 4, over a million quests have been completed for $SMOG’s mysterious airdrop – another narrative sending Smog towards new highs as ‘The Greatest Solana Airdrop of All Time’ draws closer.
Interested in joining the airdrop? Simply buy some $SMOG on a Solana DEX or from the official website and head on over to the project’s Zealy page to begin questing!
There are many ways for participants to earn rewards. Sign up for the Smog Token community socials, trade $SMOG, embark on daily, weekly or monthly quests, write bullish comments on CoinMarketCap, and check out the many other activities that pay $SMOG.
Some big buys started to flow into $SMOG over the weekend. With Solana activity expected to tick up in volume as retail enters the crypto market in the coming months, it appears whale traders have spotted the golden opportunity that Smog’s compelling narrative provides.
#Dragons, complete your daily #Airdrop quests on #Zealy!
More quests = higher leaderboard rank!
Don’t wait, join the biggest #Sol airdrop ever! https://t.co/3EQxvQwsw3
— SMOG (@SMOGToken) February 22, 2024
Is $SMOG The Best Meme Coin Newcomer?
Smog, Dogecoin, Bonk, Pepe, Shiba Inu… Most of these tokens have posted on-or-near three-figure percentage gains in the last seven days and all of them far exceed the performance of market leaders Bitcoin and Ethereum over the same period.
Their popularity highlights the whimsical volatility that drew many into crypto investing.
Meme coins piggyback off the cultural capital of their underlying meme and use viral marketing to get their names out. Why are coins based on the doge meme so popular? Because the whole internet loves Doge and so does its crypto-holding denizens.
Smog ($SMOG) is a great example of valuable meme stock because it has underlying value. The Solana and Ethereum-based token listed a few weeks ago on the Jupiter and Birdeye DEX aggregators.
It has risen over 2,500% since then thanks to its enticing airdrop system and the fact that the protocol promises great rewards for investors who can hold onto more of their $SMOG tokens for longer.
Buy or stake your ERC-20 $SMOG #Tokens through our platform.
Staked tokens are securely locked for 90 days, with rewards available for withdrawal at your convenience.
Every token purchased via our service is automatically staked for you.
— SMOG (@SMOGToken) February 22, 2024
$SMOG Offering 10% Discount and Unrivalled Staking APY on Ethereum
Yet Smog Token offers so much more utility than its meme coin peers that one could argue it is still largely undervalued.
Besides the future airdrop value coming to holders, $SMOG is the only multichain meme token that offers both the speed and efficiency of Solana as well as the DeFi capabilities of Ethereum.
Some 35% of the 1.4 billion token supply is earmarked for community participants, who can buy and stake $SMOG over-the-counter (OTC) directly on the Smog website. OTC buyers receive a 10% discount and an annual percentage yield (APY) of 42% for staking their tokens in the verified smart contract, plus additional airdrop points.
The project makers are deploying half of the total $SMOG supply in a comprehensive strategic marketing effort placing the green dragon front and center of major crypto platforms, with an additional 10% earmarked for centralized exchange (CEX) listings, and 5% already allocated to the healthy decentralized exchange (DEX) liquidity.
Ride The Dragon Up To A New $SMOG ATH
To participate in the Smog ecosystem requires the use of a Solana-compatible wallet such as Phantom or an Ethereum-native solution like MetaMask.
Users can swap SOL, USDT, or BONK tokens for SMOG via the Birdeye or Jupiter DEX aggregators. Alternatively, use your ERC-20 tokens to buy and stake $SMOG on the Ethereum network at the project website – smogtoken.com.
Join the Smog community on X (Twitter), Discord, and Telegram to keep up to date with the latest news and updates.
Will Smog unseat the meme coin field’s many dogs and become top of the food chain?
Nobody knows, but if you want to help Smog in his quest, explore for yourself and buy $SMOG here.
The post $SMOG Smashes New ATH, Makes Jupiter’s Strict List And Flies Past 40k Holders appeared first on Cryptonews.
