February of 2024 is turning out to be one of the most exciting months for cryptocurrency markets in years. Bitcoin has entered a significant bull run, gaining over 20% in a matter of days. Of course, it automatically pulled many other altcoins along, including Solana, which reported gains of over 20% in the same period.
The crypto market rally is real, and despite smaller price corrections, the overall sentiment is bullish, and the markets will likely keep growing for months ahead. While Solana is gaining momentum, the newest Solana-based meme coin is showing 20x growth potential, so let’s see what’s going on from up close.
Crypto Market Rally
SOL tokens surged by over 20% in the past week, followed by smaller price corrections a day after. The token is currently 15% up compared to the last week, and its price is $116. The sudden surge is in line with Bitcoin’s bull run, and many other tokens, including Avalanche’s AVAX, BNB coin, Cardano, and numerous others, saw growth of at least 3 to 5% during the same period.
Compared to the end of 2023, Solana gained over 500%, which is a significant price movement, and since it’s still in an uptrend, it’s expected to keep growing. It’s one of the rare cryptos that remained in an uptrend following the FTX scandal, primarily because of Solana’s unique DeFi protocols, making it an excellent platform for blockchain development.
Moreover, countless meme coins built on Solana went live in the past few months, and some saw 10x and even 50x gains in a short period. It offers impressive speeds, low transaction fees, and a unique proof-of-history consensus mechanism, making it one of the best options for gaming, DeFi, and NFT applications.
Despite being one of the best investment options on the market and showing clear signs of stable growth, SOL tokens can’t compare to a few emerging coins that will explode, resulting in 20x or higher gains in the next few months.
Smog Token – Solana-Based Meme Coin to Rule Them All
The Smog Token is the latest crypto investment option showing clear signs of explosive growth, and it’s the next big Solana meme coin that will shake the markets in a way similar to Bonk, Myro, and Wif. It’s a token that launched directly to the Jupiter exchange without any presales, and it was more than welcomed by meme coin enthusiasts and traders worldwide.
Immediately upon launch, $SMOG tokens exploded, resulting in a 1000% rally within the first 24 hours. However, that was just the beginning, as the tokens gained another 500% the next day, reaching a market cap of over $80 million without breaking a sweat.
Furthermore, Smog Token plans to launch the Greatest token Airdrop of all time, which will reward over 10,000 Loyal Chosen with free $SMOG tokens. Investors simply have to buy and hold on to their tokens to earn airdrop points and become eligible for the massive rewards that will follow.
That said, the initial airdrop will be only the first event, as the next airdrop will award 100,000 members of the Smog Token community who keep holding their tokens in the future. The approach is truly unique, and if the number of token holders increases by over 100K, the $SMOG token will easily blow all others out of the water.
Can $SMOG Become the Next BONK?
Smog’s primary goal is to become the best Solana-based meme coin in 2024, following the path paved by Bonk, Dogwifhat, Myro, and other SOL-based memes. Its motto is “One meme coin to rule them all,” as it’s inspired by Smog the Dragon from the Lord of the Rings fantasy world.
20x growth is just the start, but with enough support, nothing will prevent $SMOG from reaching 100x gains in the next few months. According to a few popular crypto Youtubers, whales are now buying into the platform, signaling a period of explosive growth ahead.
Smog Token Tokenomics
The distribution of $SMOG tokens has been thought out extremely carefully to ensure long-lasting growth. It has a total of 1.4 billion tokens, but 35% are reserved for the airdrop campaign, making it the number 1 Solana-based meme. 50% will be used to cover marketing costs, ensuring that the word about the next big meme reaches investors far and wide. The remaining 15% will be used for CEX and DEX liquidity pools.
Solana’s recent price movements helped Jupiter become one of the fastest-growing token exchanges, giving Uniswap a run for its money. $SMOG token’s launch on Jupiter was a massive success, and with all factors put together, it is already one of the top three most traded Solana-based meme coins on the market.
Pandoshi (PAMBO) – Another High-Gain Meme Coin to Explode
Similarly to $SMOG, another new meme coin, PAMBO, has rocked the markets, reporting 500% gains during the presale. It’s attracting investors from far and wide and is becoming one of the most sought-after memes on the market. It’s based on complete decentralization, financial privacy, and community governance, all traits welcomed by the crypto community.
The PAMBO presale raised over $5 million, and its unique design makes it a serious contender for the Smog Token. However, unlike $SMOG, PAMBO is an Ethereum-based meme that will probably have a hard time reaching 20x gains, but with enough support, anything is possible.
Final Words
The crypto markets are in a bullish phase that will likely extend to the next few months. Many existing platforms are in an uptrend, focusing on Solana-based memes that made some of the most significant gains in the past few weeks.
$SMOG tokens are the hottest investment option, and the platform’s promise of the Greatest Airdrop in History is something to be excited about moving forward. Therefore, invest in $SMOG today, become a Dragon Slayer, and hold on to your tokens to reap the benefits of the meme that will become the top Solana-based token in the next few months.
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.
Source link
#Solana #price #pumps #days #SOL #meme #coin #20x