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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
What a start to 2024 the crypto market has had. At the time of writing, Bitcoin (BTC) has just hit an all-time high, and as readers will know, what is good for Bitcoin is good for the market. Profit-taking from Bitcoin gains always leads investors to other projects that are trending and tend to yield good results.
One token that is benefiting from this is Smog Token (SMOG). The meme coin has almost immediately become a fan favorite for meme coin investors and has pumped by nearly 600% since its launch only a month ago.
Despite these huge gains, SMOG is still a good investment opportunity and should see even bigger gains in the near future. The reason for this is it's a true meme coin that knows what investors want.
Let's get into what we mean by this in more detail.
The meme coin market has been exploding in popularity for the last year or so but it was not so long ago that most of the market thought the whole sector may have been dead in the water. In fact, it was around this time last year that many were thinking there would be no return to glory for the major hitters in the meme coin market.
We think the people behind Smog Token (SMOG) remember this and we think that is important. While everyone was ready to proclaim the meme coin market dead they were also lamenting the lack of utility the coins had. Now fast forward to 2024, and meme coins have just as much utility as any other sector of the crypto market.
However, what is getting lost in the shuffle is that it was Pepe Coin (PEPE) that revived the whole meme coin sector. It pumped by thousands of percent and became an overnight sensation as it made investors millionaires out of nowhere. The crypto dream.
It may come as no surprise to readers when we point out that there are rumors that the same people behind Pepe Coin are also involved with Smog Token (SMOG). These people seem to realize that while utility is all well and good the true allure of a meme coin comes from its virality.
Smog Token's slogan is 'One meme coin to rule them all' and it really does seem to be heading that way. The coin has had an incredibly impressive launch and we haven't even reached the most lucrative part of its roadmap. Smog knows investors love virality but knows there is only one more thing they love more: airdrops.
That is what they have modeled their project around. A massive 35% of the total allocation of SMOG has been dedicated to airdrop rewards. They have also created a competition aspect to keep investors entertained and, most importantly, decide who gets the most rewards when these airdrops finally hit.
There are two different ways that investors can earn airdrop points, which will push them up the leaderboard for these rewards. The first is to buy and hold SMOG. The more investors buy and the longer they hold the more points they will earn.
The second way is by completing daily tasks on Zealy. This is the most popular way as already over half a million tasks have been completed on the site. Zealy is an entertainment platform and the partnership with SMOG has almost created a P2E-like atmosphere as the daily tasks don't just help investors earn airdrop points, but they are also fun too.
Smog Token also has a lot of pedigree that we think is driving investor's interest. It comes from the Solana network and as fans of the meme coin market will know, the Solana network is producing the hottest meme coins lately. Dog Wif Hat (WIF) and Bonk Coin (BONK) in particular, are massive success stories and have been pumped by thousands of percent since their inception.
According to DappRadar Solana has been the most popular network for most of March so far. This shows its incredible growth, as this would have been unheard of a few years ago. Tokens like SMOG are undoubtedly a big part of this. As we have already mentioned, virality is a kingmaker in the meme coin market.
Song Token's commitment to virality can be seen just by looking at its tokenomics. A massive 50% of the total allocation has been dedicated to marketing. The effects of this are already evident, as SMOG seems to be everywhere in crypto media coverage. Its social media accounts have also enjoyed explosive growth, with its X account already having over 35k followers.
The Smog Token revolution has started better than anyone could have anticipated, but there is still plenty of room for growth. We still do not know the dates for these major airdrop events, so expect the token to pump massively once these are announced.
Looking at the Smog Token roadmap, it looks like there will be some interesting things coming in the future too. Burn opportunities are mentioned, but also something called '100,000+ Chosen Warriors'. We do not know what this is for certain, but it is likely a community that investors can be part of if they complete certain challenges.
Like all good new projects, staking will be a part of the Smog Token ecosystem, too. It's important to note that if investors buy and stake SMOG directly from the website, they will get a 10% discount. Considering its likely ascension to the top of the meme coin market this could be crucial for investors so they can get even more gains.
So, while the crypto market, and Bitcoin in particular, is so hot, it is the perfect time to invest in a project like Smog Token. Investors are going to take their profits from Bitcoin and look to distribute them to altcoins. SMOG's virality and likely future promise mean a lot of investors are going to turn in its direction. This means interested parties need to invest as early as possible before it pumps even more.
