Dogecoin (DOGE), is the largest and world’s first meme crypto project, that saw immense rise from its inception in 2013.
It listed with a price of $0.000603, and the early investors saw jaw-dropping returns when it reached its all-time high of $0.7376 back in May 2021. However, the journey since has seen Dogecoin retract significantly, landing it 90% below its peak value.
Despite this, Dogecoin is still the leading meme project, with significant backing from crypto influencers.
However, it’s questionable whether the Shiba-Inu-themed token can return to its previous heights. Some investors are even wondering whether DOGE can survive the 2024 volatility.
On the other side of the market, a new Solana-based meme coin, SMOG is gaining significant traction and looks to be the next 100X sensation in the following months.
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Dogecoin Price Prediction for 2024 – Can Dogecoin Survive the Volatility?
Dogecoin has experienced a rollercoaster of price movements since its peak in 2021. Early investors witnessed substantial returns when DOGE soared to an all-time high of $0.7376.
Despite a subsequent downturn, leaving Dogecoin trading significantly lower than its peak, it continues to hold a number 1 place meme token within the crypto market.
The question of Dogecoin’s potential to revisit or surpass its former glory is a topic of much speculation.
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The market’s inherent volatility adds layers of unpredictability, especially for a coin like Dogecoin, which thrives on community support and viral trends rather than utility-driven demand.
In this context, new meme coins on newer platforms, such as Solana’s SMOG token, are more likely to see substantial gains in 2024 than the established Dogecoin.
Technical indicators also support this sentiment. The minimum expected price of DOGE is $0.0693, while the maximum price is $0.0774.
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Smog Token ($SMOG) – Meme Coin That Will Rule Them All
The rise of Solana-based meme coins like MYRO, WIF, and BONK has marked a new chapter in the meme coin sector, traditionally dominated by Ethereum-based projects.
These Solana additions have quickly captured the market’s attention with their swift gains upon launch, demonstrating the blockchain’s growing influence in the meme coin arena.
Smog Token, a fresh Solana project, is poised to further revitalize this space, bringing with it the potential to significantly impact the meme coin ecosystem.
Unlike the usual Ethereum counterparts, Solana’s meme coins have been making outstanding strides, suggesting a vibrant future for meme projects on this faster and more cost-efficient blockchain.
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SMOG is Already Dominating on Solana’s Network
The launch of Smog Token on the Solana network via Jupiter DEX on February 7th, marking its debut at 16:00 UTC, achieved an impressive surge of over 1,400% within the initial hours.
This momentum didn’t slow down; just a few days later, SMOG’s value skyrocketed by an astonishing 3,000%, fueled by traders eager to participate in the project’s innovative airdrop mechanism before its official activation.
This mechanism allows participants to acquire and hold SMOG tokens, thereby earning points towards participating in what the project heralds as an unprecedented airdrop event.
Described on its website as a meme coin conceived in Jupiter’s celestial forges, Smog Token’s fair launch has been a focal point, promising a unique and unparalleled airdrop spectacle.
The enthusiasm surrounding Smog suggests it’s on track to replicate or even surpass the success seen by other Solana-based meme coins like BONK and WIF, cementing its potential as a 100X SOL-based meme coin.
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Smart Tokenomics Further Enhance SMOG’s Appeal
The Smog Token improves its appeal with smart tokenomics with a total supply of 1.4 billion $SMOG tokens.
Diving into its allocation, 50% is earmarked for marketing initiatives to fuel the project’s visibility and growth.
A 35% of the supply is dedicated to what’s being touted as the most substantial airdrop within the Solana ecosystem, promising to reward the community generously.
For liquidity purposes, 10% of the tokens are reserved for Central Exchange (CEX) launches, ensuring a smooth transition into broader markets.
The remaining 5% is allocated for Decentralized Exchange (DEX) launches, laying the groundwork for accessibility and trading on the Solana network.
This strategic division underscores the project’s commitment to fostering a robust and engaged community, ensuring liquidity, and supporting the token’s long-term viability.
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Here’s What’s Next on Smog’s Roadmap
The roadmap for the Smog Token unfolds in three strategic phases aimed at propelling the project and its community toward ambitious milestones.
Initially, the focus is on cultivating a vibrant and engaged community across various social media platforms such as Telegram, X (formerly known as Twitter), Discord, Zealy, and Linktree, laying the foundation for widespread recognition and support.
Following this, the project will initiate a fair launch of the $SMOG tokens on the Jupiter exchange. This phase is designed to ensure equitable access for all community members to purchase $SMOG tokens, setting the stage for the launch of a significant airdrop campaign. This campaign is expected to reward over 10,000 community members, bolstering the platform’s presence.
Additionally, to enhance the token’s value, a planned token burn will decrease the supply, aligning with the platform’s growth trajectory.
The roadmap culminates in a series of expansive airdrops, poised to benefit over 100,000 “Chosen Warriors”.
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This phase aims to solidify $SMOG tokens’ reputation as the “Solana Meme Kings”, striving to deliver unparalleled returns to investors. This structured approach not only aims to reward early and active participants but also to establish $SMOG as a leading meme token within the Solana ecosystem, fostering long-term growth and investor confidence.
Conclusion
Dogecoin, despite its early success and widespread recognition, faces challenges in achieving significant returns in the volatile crypto market.
Its journey from a playful meme to an important crypto has been remarkable, yet the path to substantial growth remains uncertain.
On the other hand, Smog Token emerges as a promising contender, leveraging the Solana ecosystem’s capabilities to introduce innovative concepts like fair launches and expansive airdrops.
With a strategic roadmap aimed at community engagement and value enhancement, Smog Token is poised to offer investors potentially unparalleled returns, establishing itself as a formidable force in the meme coin arena.
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