Smog Goes Multi-Chain, Expanding to Ethereum and Solana
Smog, the hottest new airdrop on Solana, has made a surprising announcement that it is expanding to Ethereum and Solana. Leveraging the cross-chain service Wormhole, Smog will now be accessible on both platforms, marking a new era in meme coin technology. The project has gained immense excitement since its launch, rising over 1,400% in its first hour and continuing its momentum. Smog currently has over 10,250 holders, showcasing the massive community interest. Bulls are in control, with over 3,600 buys to 1,900 sells since its launch.
Buy and Stake Smog on Ethereum with 42% Annual Percentage Yield
Investors can now buy and stake SMOG tokens through the project’s website. Smog launched on Ethereum using the cross-chain protocol Wormhole via Portalbridge.com. The introduction of staking for the ERC-20 Smog allows for accrual of a 42% annual yield, with an initial 3-month lockup period. Staking is only available on the ERC-20 Smog, but Solana holders can bridge their tokens to the ERC-20 version on Portalbridge and deposit them on the Smog website. This newly launched staking mechanism is expected to reduce sell pressure and enable the Smog price to rise steadily.
Smog Price Analysis: Is There More Room for Growth?
As the latest meme coin innovator, Smog has experienced unprecedented growth, soaring 8,337% from its initial launch price on DEX Screener. The question now is whether there is still room for growth or if a pullback might be imminent. With a relatively low market cap of $51.2 million, compared to other meme coins, Smog still has potential for almost 20x growth. The influx of Ethereum liquidity should also be considered, as the higher fees on the network attract traders with deeper pockets. Considering these factors, along with the ongoing crypto bull run, Smog has significant upside potential.
How Does Smog Work and What is its Airdrop?
Smog aims to stand out from other Solana meme coins by “vaporizing all its foes.” The dragon-themed meme coin has made a timely debut during the Lunar New Year, which coincides with the year of the dragon. The airdrop campaign for Smog is designed to gamify the experience for users. Participants are invited to complete tasks, daily quests, and purchase and hold SMOG tokens to receive their share of the airdrop supply. This community initiative has contributed to Smog’s virality and attracted over 10,250 holders.
From Launch to Mastery: The Smog Roadmap
Smog’s ambitious roadmap provides a glimpse into the project’s potential. The roadmap is divided into three phases, and the team has already achieved all phase one goals and several phase two goals. The speculation of a token burn has been rampant, which could increase the value of the remaining tokens. The airdrop campaign aims to target “100,000+ Chosen Warriors” and includes additional airdrops and social mastery. The team’s grassroots focus has been a key factor in Smog’s impressive performance to date.
How to Buy Smog Token and Join the Airdrop Campaigns
There are multiple ways to buy Smog now that it is a multi-chain token. Solana users can purchase Smog from DEXs like Jupiter or Birdeye using a Solana-compatible wallet like Phantom. Ethereum users can buy Smog through the project’s website using an Ethereum-compatible wallet like MetaMask. To boost airdrop eligibility, users can complete tasks and daily challenges outlined on the Smog Zealy page. Updates can also be found on the Smog X account.
Analyst comment
Positive news:
1. Smog Goes Multi-Chain, Expanding to Ethereum and Solana: This is positive news as it marks a new era in meme coin technology and showcases the massive community interest in Smog. Bulls are in control, indicating a positive market sentiment.
2. Buy and Stake Smog on Ethereum with 42% Annual Percentage Yield: The introduction of staking for Smog tokens on Ethereum is expected to reduce sell pressure and enable the price to rise steadily, which is a positive development for investors.
3. Smog Price Analysis: Is There More Room for Growth?: The analysis suggests that Smog still has significant upside potential and potential for almost 20x growth, considering its relatively low market cap and the influx of Ethereum liquidity.
Neutral news:
4. How Does Smog Work and What is its Airdrop?: This news provides information about Smog’s features and the airdrop campaign. It doesn’t directly indicate the impact on the market.
5. From Launch to Mastery: The Smog Roadmap: This news highlights the project’s potential and achievements but doesn’t provide a clear indication of the immediate market impact.
Negative news:
6. How to Buy Smog Token and Join the Airdrop Campaigns: This news does not have a direct negative impact on the market but it doesn’t provide any positive indicators either. It simply explains how users can buy Smog and join the airdrop campaigns.
