The cryptocurrency industry is poised for a pivotal year in 2024. As the market transitions into a new phase, key players such as Shiba Inu are gearing up to strengthen their positions. However, with potential threats to its dominance, Shiba Inu must confront emerging challengers seeking to dethrone it as the leading meme coin. Notably, one cryptocurrency, Smog, has exhibited strength that might position it to surpass Shiba Inu in 2024. Here is why!
Smog Keeps Crypto Enthusiasts All Fired Up
The recently introduced SMOG token is extremely appealing and interesting because it is already labeled as the most rewarding token. From the first moment the investors realize there is no presale, it is already clear that this token is here to change the game. It is an ideal chance to celebrate the Year of the Dragon by buying a dragon crypto and setting the stage for a successful year. Many analysts believe that the bull run will begin shortly, making it even more important for investors to take the necessary steps now to diversify their portfolios.
The project underwent a fair launch, utilizing a Jupiter liquidity pool that became active at 16:00 UTC on February 7th. TSMOG’s allure triggered an early buying surge, resulting in the token’s market cap surpassing $1 million within the first sixty minutes.
The rapid success of SMOG is capturing attention, prompting traders to monitor market downturns in search of buying opportunities before the commencement of the airdrop campaign. Doing simple things like following the official page of Smog on X, joining Telegram, trading SMOG, or any other action listed on the official website will bring points and get investors closer to the generous rewards.
The Smog distribution goes beyond simply receiving free cryptocurrency. It presents an opportunity to participate in a community-driven token initiative and contribute to shaping the project’s trajectory, so make sure you join before it’s too late!
Utility and Tokenomics of SMOG Revealed
Besides bringing something new to the market, the SMOG token includes staking features, which is one of the most wanted features among crypto enthusiasts lately. Staking SMOG tokens means that the holders will earn rewards and accumulate airdrop points, ensuring eligibility for the significant Solana airdrop.
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The current reward rate is 42% per year, and more than 1,4 million tokens are already staked, showing the enormous interest that this project already attracted. Rewards can be claimed at the convenience of the investors, while it’s important to note that staked tokens are subject to a 90-day withdrawal restriction, applicable from the last addition to the staking pool.
At the core of its tokenomics, SMOG’s fair launch establishes a foundation for impartial token distribution, cultivating a transparent and inclusive ecosystem for all participants. With a substantial dedication of 35% for airdrop distribution, SMOG places significant emphasis on rewarding its community. A notable portion, 50%, is designated for marketing initiatives.
This allocation supports crucial efforts in promotion and awareness-building, which are essential for the growth and success of the SMOG ecosystem. Ensuring liquidity on centralized exchanges (CEX) is pivotal for SMOG’s accessibility. The allocation of 10% for CEX liquidity aims to establish a strong foundation for trading activities on well-established platforms, augmenting the overall liquidity profile of SMOG.
Acknowledging the significance of decentralized exchanges (DEX) in the crypto landscape, SMOG allocates 5% of its tokenomics to DEX liquidity. This project is just starting its journey, so it may be the best time to join forces with Smog in the battle against adversaries and watch it outpace SHIB with 140x more gains in 2024!
SHIB V SMOG – Who Will Win in 2024?
Shiba Inu (SHIB) is a decentralized cryptocurrency functioning on the Ethereum blockchain. Established as an experiment in decentralized community development, it shares the common goal, characteristic of many other cryptocurrencies, of offering a secure and decentralized method for transferring value over the internet.
The current price of SHIB is $0.000009564, according to CoinMarketCap. Its value increased by 8.34% in the last seven days, and some cryptocurrency experts believe that the anticipated price of SHIB in February 2024 may reach $0.00000811 as the minimum projected trading cost. Additionally, there is a possibility of the maximum price reaching $0.00000991 throughout the month. Analysts expect Shiba Inu’s value to stabilize around $0.00000901 in February.
The maximum price that the analysts believe that SHIB could reach by the end of the year is 0.0000571. Telegaon, a reputable source of information for investors, underscores the growing popularity of Shiba Inu as a key element in their forecast. The anticipated influx of new investors and traders is poised to drive demand for SHIB. The Shiba Inu community, known for its enormous support, plays a vital role in maintaining the meme coin’s market prominence. However, despite the fact that both Shiba Inu and Smog tokens are meme coins, there are still differences.
Smog has the potential to reach $0.1 by 2024, given its recent surge and robust backing from the community. The strategic roadmap, incorporating exchange listings and community-driven initiatives, aligns with optimistic market sentiments, so luck may be on Smog’s side when thinking about the possible performance of these two cryptos this year. The overall approach of the Smog team may bring powerful results this year when combined with the surprise factor and rewards, which could fire up enthusiasm across the market even more. Ultimately, investing in SMOG may bring bigger gains when compared to investing in SHIB!
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Conclusion
In summary, meme coins exhibit a distinctive charm that undeniably garners widespread attention due to their notable growth potential. Considering the present market conditions, investing in SMOG could bring significant gains similar to the past success witnessed by Shiba Inu investors. Shiba Inu’s moment may have passed, but SMOG’s time is yet to come, so make the most of it!
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.
