Meme coins have been trending since 2021 when Dogecoin broke the ice with its massive profits – soon, Shiba Inu and many others followed in its footsteps.
Shiba Inu has been dubbed as Dogecoin’s biggest competitor from the very beginning, seeing that it rose by over 80,000% in late 2021.
Now, many investors are searching for the “next Shiba Inu” token that can replicate this success.
For many crypto influencers and industry analysts, the one token that shows the most promise for this is Smog ($SMOG).
Let’s check out what the hype around Smog is all about and what it brings to the table.
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Smog ($SMOG) Bringing the Biggest Airdrop Event of 2024 and Staking Rewards to Attract Investors – Are 100x Gains by the End of March Possible?
With its foundation on the Solana blockchain, Smog ($SMOG) stands out for launching directly on the Jupiter decentralized exchange in February 2024, bypassing the traditional presale route.
At the heart of Smog's appeal are its unique tokenomics and incentive structures, which are strategically designed to grow its user base and boost engagement.
From the get-go, the Smog team has focused on building a strong community.
This includes building a large-scale airdrop campaign in collaboration with Zealy. This initiative has successfully attracted thousands of new holders by distributing SMOG tokens.
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Moreover, Smog introduces a staking feature that benefits those who commit to the coin for the long haul. By offering regular rewards, this mechanism encourages users to hold onto their tokens, promoting stability within the Smog ecosystem rather than encouraging speculative short-term trading.
Adding to its charm is Smog's engaging, dragon-themed branding, complete with interesting visuals.
This creative direction has not only captivated over 35,000+ followers on Twitter but also built a dedicated community fascinated by the lore surrounding this mythical creature. You can also follow it on Telegram to get the latest updates on what’s happening with the token.
Smog Reaches a $250M Market Cap In Less than a Month – Investor Confidence at an ATH as Trading Volume Continues to Increase
Smog has quickly become a topic of conversation in the crypto world, often compared to Shiba Inu and Dogecoin due to its rapid rise since launching on the Raydium DEX on Solana in early February.
This token has quickly checked off milestones that are usually seen with more established cryptocurrencies.
In just a month, Smog has gone from being unknown to reaching a market cap of nearly $250 million. Its price jumped from less than a cent to an all-time high of $0.184, showing significant investor interest.
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This increase in price is largely due to high trading volumes and a strong influx of buyers. Just in the last 24 hours, trading volumes neared $2 million, indicating a lot of speculative interest.
What's even more remarkable is how quickly Smog has built its online community. Though it was only launched last month, it already has nearly 50,000 holders, a number that's more than impressive for a new meme coin.
As both the number of holders and the market cap continue to grow, Smog is quickly making a name for itself in the Solana-based meme coin market.
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Smog ($SMOG) Ready to Replicate Shiba Inu’s Success as it Keeps Reaching New Milestones in Rapid Fashion
Is Smog on track to become the next Shiba Inu, or will it just fade away like many other hyped meme coins?
According to numerous crypto analysts, it could easily replicate Shiba Inu’s 2021 success in the following weeks.
Just like Shiba Inu, which thrived thanks to a loyal following, Smog is working on building strong community support to rise.
Next, finding real-world uses is important. Shiba Inu’s SHIBARIUM feature helped it stand out. Similarly, Smog aims to find practical applications, especially with its plan to operate across multiple blockchains.
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So, reaching Shiba Inu’s level is a big challenge for Smog, but in the fast-changing world of meme coins, it's not impossible. Even a portion of Shiba Inu’s success would be a huge win for Smog and its backers.
The Bottom Line
With Bitcoin reaching a new ATH this March, it officially sparked a new bull run in the market, and it looks like meme coins are first in line to bring some amazing profits.
Just like Dogecoin and Shiba Inu created “overnight millionaires” in 2021, there are several tokens right now that could do the same in the upcoming weeks.
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One of the meme coins that has the most potential for this type of success is Smog ($SMOG).
Due to its strong community, positive market sentiment, innovative backstory, and massive airdrop event, analysts are predicting 50x-100x gains for $SMOG in the near future.
And the best part is, you can still get $SMOG for a fraction of what it will be worth before it explodes!
