The meme coin madness shows no signs of slowing down, as Smog (SMOG) – a new Solana-based token – has been exploding in popularity.
After breaching its previous all-time high, speculation is rampant that this red-hot meme coin could be next to get listed on Binance.
SMOG Soars to New All-Time High Amid Buying Frenzy
Solana’s meme coin scene has been shaken up by SMOG – a dragon-themed project that has gone parabolic over the past few days.
Launched just one month ago on February 7, SMOG has already racked up jaw-dropping gains.
Moreover, the token is up 74% in the past day alone, creating a new record high of $0.184.
While still a relatively low price, this rapid ascent in such a short time frame has turned heads in the meme coin space.
Fueling the buying demand is Smog’s growing following.
Despite being so new, it has already amassed nearly 50,000 holders who have helped drive its fully diluted market cap past $215 million.
The hype has spilled over to Twitter and Telegram, with SMOG’s communities swelling by the day.
High-profile influencers like Matthew Perry, who has over 213,000 subscribers, have even shouted out the token, adding further visibility.
With that kind of acceleration and buzzy momentum, Smog is quickly becoming one of the hottest tokens in Solana’s meme coin scene.
Staking, Airdrops, & Multi-Chain Future Fuel SMOG’s Rise
So, what exactly is fueling Smog’s explosive rise?
A big driver has been the project’s active development and incentives for community engagement.
Smog features a staking protocol that rewards long-term holders, while a massive airdrop campaign in partnership with Zealy has helped expand its user base.
The team has also made moves on their ambitious multi-chain plans, with SMOG recently launching on Ethereum in addition to Solana.
This could open the doors to more investors and traders from the Ethereum ecosystem buying in.
There are even hints of an upcoming token burn protocol to drive scarcity.
With such an aggressive growth strategy and an array of innovative mechanisms, it’s no wonder SMOG has captured the imagination of meme coin investors.
If this bullish momentum persists, some traders predict the dragon-themed token could soar up to the $0.50 to $0.75 range as soon as FOMO kicks in.
Should SMOG reach the upper end of this range, it would represent a further 316% increase from current levels and push its fully diluted market cap to almost $900 million.
Is SMOG Poised for a Binance Listing?
The question on every investor’s mind now is, could SMOG be the next meme coin to secure a Binance listing?
This possibility doesn’t seem so far-fetched given Binance’s recent move to list two other wildly popular meme coins.
Just yesterday, the exchange listed dogwifhat (WIF) and Myro (MYRO) after both saw their prices erupt in spectacular fashion – not unlike SMOG’s current trajectory.
Getting listed on the world’s largest crypto exchange often acts as a catalyst for even more buying demand.
With Smog’s nine-figure market cap and dedicated community, combined with Binance’s willingness to capitalize on meme coin mania, many traders are speculating that a listing could be on the horizon.
After all, Binance has shown it is open to listing the hottest meme coins while they’re trending, such as Pepe (PEPE) and Bonk (BONK).
However, some investors caution that Binance may take a more measured approach, waiting to see if SMOG can establish more fundamentals before approval.
Whether SMOG secures a Binance listing or not, one thing is certain – its army of investors is eager to watch the token’s next move.
DISCLAIMER: THIS IS A SPONSORED ARTICLE