Could this new Solana-based meme coin rise to $1 by the end of March?

adminMarch 11, 2024

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Driven by significant airdrops, strong marketing efforts, and a growing community, Smog coin is gaining momentum in Solana’s meme coin community, with its price surging to $0.28.

Supporters are optimistic, citing limited supply and future exchange listings as potential catalysts for further gains, leading to speculation as to whether Smog Coin will be Solana’s next coin.

Is now the right time to buy smog?

Smog coin is currently making waves in the Solana ecosystem, as evidenced by its incredible price surge from $0.028501 to the current $0.28-$0.29 range.

This impressive growth, often described as parabolic, highlights the coin’s significant return potential, with some estimating a whopping 36x increase.

The coin’s meteoric rise has caught the attention of cryptocurrency enthusiasts and influencers and has solidified Solana’s reputation as a potential leader among meme coins. Smog Token, which plays a significant role in the cryptocurrency space, is backed by what the website claims is a powerful smog that dominates the cryptocurrency battlefield.

This support, combined with a growing community and support from various influencers, contributes to its reputation. Smog coin in particular has gained widespread recognition, gaining features on reputable platforms such as CoinDesk, Bitcoinist, Cryptonews, NewsBTC, etc.

This perception reflects the significant influence of Smog Coin within the cryptocurrency community and is further emphasized by frequent discussions by cryptocurrency experts on their YouTube channel. These discussions include reaching hundreds of thousands of followers by sharing updates and investment journeys related to Smog Coin.

Examining token economics reveals strategic allocations designed to fuel the growth of the coin. In particular, 50% are dedicated to marketing, highlighting the important role they play in driving the coin’s recent surge.

Additionally, a significant 35% has been allocated for future airdrops, which are expected to result in large-scale distribution to Smog token holders. The remaining 5% is allocated to Dex liquidity and 10% to centralized exchange liquidity.

This transparent analysis demonstrates a careful and balanced approach to various aspects of Smog Coin and contributes to the current market momentum. If you want to discover which memecoins have the highest potential, the guide here will provide you with valuable insights to help you.

SMOG Price Analysis

Now, an interesting aspect of Smog is that despite boasting a market capitalization of $214 million, there is no centralized exchange. In particular, the 24-hour trading volume was $3.97 million, with more than 66,000 holders, a whopping 442% surge in recent days.

This surge deserves attention, especially amid what appears to be a bull market trend. Observation of the

Currently, the coin appears to be consolidating after a period of rapid growth, as evidenced by the 15-minute time frame. Analyzing the stochastic RSI, it historically indicates oversold conditions ahead of significant upward moves.

Smog price analysis graph

Smog Coin is currently trading at . $0.2879, analysts closely watch key support and resistance levels. Currently, these levels are support at $0.142626, $0.199605, $0.235261 and resistance at $0.420529, $0.384874, $0.327895.

Monitoring these levels will help us evaluate the future trajectory of Smog Coin. A break above $0.30 could signal a notable development. For more information, check out the project website here.

SMOG price prediction

Expectations are growing in the cryptocurrency community that Smog Coin will surpass its current price of $0.28, with a significant upward trend expected in the coming hours.

According to current forecasts, $SMOG is expected to reach $0.361398 by March 15, 2024, experiencing a significant 30.85% increase. Additionally, some forecasts suggest it is likely to reach $1 by the end of March.

#dragonscan do $smog Has it reached $1 after an overnight surge of 60%?
1. Yes! 🚀🌕
2. No, but it’s close!😅
3. Probably tomorrow!💼
Vote and share your predictions now! #Solana #ATH #memecoin #SmogSoar
— Smog (@SMOGToken) March 7, 2024

Smog Coin, although small, is expanding beyond Solana’s status as the next big meme coin and expanding into Ethereum. Despite its presence on Ethereum, the coin’s market capitalization remains minuscule at $10 million.

The decision to choose Solana over Ethereum may be influenced by the high transaction fees on the Ethereum network, despite Ethereum currently boasting a deeper liquidity pool with 6.43 million tokens.

This limited presence on both platforms, especially Ethereum, hints at a potential supply shock in the future, potentially leading to an upward price trajectory.

In a full distribution scenario, with a significant holder count of over 60,000 and a total supply of 1.4 billion tokens, Smog Coin could potentially achieve a market capitalization of over $400 million.

As the week progresses, the recent surge in new members within the Smog community could fuel a new upward trend for the token, sparking excitement within the broader cryptocurrency community.

To participate in this exciting new project, purchase $SMOG tokens here.

SMOG – Latest Cryptocurrency Launch