Dogecoin and Shiba Inu are the most renowned meme coins on the market. They are also the largest crypto’s by market cap and have been leaders of the meme coin markets for years. Like all memes, DOGE and SHIB are highly volatile digital assets prone to massive price swings.
Cryptocurrency markets are now bullish, and even though both platforms are reporting gains, they are trailing behind most altcoins. DOGE and SHIB won’t be investment options, resulting in massive gains in the future, so investors are focusing on the newest Solana-based meme coin – Smog Token.
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Can Dogecoin Survive 2024 Volatility?
Dogecoin went live in 2013 as a joke that was supposed to make fun of the new concept of digital cryptocurrencies. However, it became one of the most popular cryptos over the years, reaching its peak in 2021. The following two and a half years were extremely volatile. Some investors made massive returns, while others lost most of their investments.
The current situation of DOGE tokens is much lower than its peak of $0.7376, and the token is selling for $0.08507. It’s still the largest meme coin by market cap. Still, without increased utilization and a significant reduction of tokens in circulation, it will stay a volatile investment option surrounded by unpredictability.
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Shiba Inu Making Moves to Drive Value
Shiba Inu is the 2nd most popular meme coin on the market, but it has also been struggling to stay afloat due to an oversupply of tokens and the lack of utility. However, it has been working hard to introduce new features such as the Shibarium exchange, the Shibaverse, partnerships with various organizations, and a new token-burning mechanism to reduce volatility and increase value.
SHIB tokens peaked at $0.00008616 on October 28, 2021, but have since lost over 90% of their value. Despite introducing new use cases, SHIB tokens still can’t surpass the current $0.000009939 level, and all of the gains they get disappear as holders dump significant amounts of tokens.
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Smog Token – The New Big Thing in the Meme Coin Ecosystem
While Shiba Inu and Dogecoin still have massive communities around them and have achieved legendary status among investors, the platforms simply lack the features needed to come close to previous ATHs. However, a new Solana-based meme coin, $SMOG, entered the Jupiter exchange with a bang and is quickly gaining traction among investors worldwide.
It’s earned over 4,700% since its release, surpassing a market cap of $60 million in just a few days. Once it goes live on Binance and other major exchanges, Smog Token is likely to become the highest-gaining SOL-based meme coin this year.
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$SMOG Tokens Stealing the Focus from DOGE, SHIB, and Many Other Memes
Solana-based meme coins will probably take the spotlight from traditional Ethereum memes such as Dogecoin, Shiba Inu, and hundreds of others in 2024. The Solana meme rally launched with the release of the BONK token, followed by other memes such as MYRO and WIF. $SMOG token went live on February 11, gaining over 1000% in the first 24 hours and 1,500% in the first 48 hours.
Its market cap exploded to over $80 million, but these numbers don’t mean anything yet, as the platform has yet to release the greatest airdrop once it gains over 10,000 token holders.
The design is quite simple, and even though it’s primarily a Solana-based meme coin, you can invest using ETH and USDT as well. The platform uses Portalbridge, allowing $SMOG tokens to reach all SOL and ETH-based tokens worldwide. The goal is to reach a broader audience to help build an army of Dragon Slayers in the shortest time possible.
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Solana and Ethereum-Based Wallets With Different Reward Options
If you decide to exchange your SOL-based tokens for $SMOG coins, you can enter the Greatest meme Airdrop of all time to earn massive rewards in the next few months. The only thing you need to do is to buy $SMOG tokens and hold on to them to qualify for the airdrop. The blockchain will detect and track your account, earning you airdrop points, and the 10,000 token holders with the most points will earn free $SMOG coins.
On the other hand, if you use the OTC widget at the top of the official Smog Token website, you can exchange your ETH, earning a 10% discount. Moreover, you can also stake the tokens you get to earn a 42% APY over the course of the next 90 days. Moreover, doing so will also qualify you for the airdrop, giving you a chance for double rewards.
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Smog Token Tokenomics
There are 1.4 billion $SMOG tokens in total, but only 35% will be available during the airdrop campaign. The distribution has been planned carefully to ensure the token has long-term growth potential. 50% of the tokens will be used to cover marketing costs and make sure that investors far and wide hear about the token, while the remaining 15% will go towards CEX and DEX liquidity pools.
$SMOG tokens launched on Jupiter, a fast-growing crypto exchange, soon to take Uniswap’s place as the top Tier one cryptocurrency exchange on the market. Smog Token is climbing all of the ladders and is grabbing the attention of crypto whales everywhere, so don’t miss your chance to invest early to become eligible for the upcoming airdrop.
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Wrapping Up
The meme coin markets are evolving faster than ever, and the focus in 2024 will be on Solana-based platforms that have yet to establish themselves as high-potential cryptos. Dogecoin and Shiba Inu are losing support, while SOL-based memes such as Smog Token, Bonk, Dogwifhat, and others are growing faster than expected. $SMOG is the hottest investment option, so get into the action early to enjoy the highest returns and potentially even win free $SMOG with the airdrop events shortly.
