Dog-themed meme coin Dogecoin fell hard due to the influence of famous billionaire Elon Musk. DOGE, which fell due to Musk’s court proceedings, fell by 5 percent.
Elon Musk being called the father of Dogecoin doesn’t always end well for the cryptocurrency. Musk’s name, which repeatedly caused DOGE to rally and made DOGE investors happy, caused trouble this time.
Musk was recently called to testify again within the scope of a file regarding the events regarding the Twitter acquisition process, which did not help DOGE. Dogecoin price, which is at a critical resistance level, dropped by 5 percent in a short time due to court news about Musk.
Investors, who thought that the legal process that Musk would enter would be difficult and that this would have a negative impact on DOGE, preferred to sell DOGE. According to CoinGecko data, DOGE, which lost 4.56 percent of its value after Musk’s court news, fell from $ 0.083 to $ 0.079.
As of the time this article was written, the DOGE price managed to rise again to the level of $ 0.08. The rapid rise of the leading cryptocurrency Bitcoin above the 50 thousand dollar level had a positive impact on DOGE, as well as all crypto currencies.
Although the increase in BTC has pushed DOGE back to the 0.08 level, it is impossible to predict how long this effect will last. Considering that the DOGE price has fallen rapidly due to Musk-related events and that the legal process may be long, there is a possibility that DOGE will fall below this level again.
While DOGE’s volatility continues to remain on the agenda, experienced investors are showing interest in new meme coin projects. Smog, a Solana-based meme coin, has managed to get on the whales’ radar with its performance from the first day.
Smog Token Increased 1400 Percent After Launch
Dragon-themed meme coin project Smog is receiving positive feedback in its first week with its performance. Built on the Solana blockchain, SMOG manages to attract attention after its launch on the Jupiter platform.
SMOG, one of the projects that attracted the attention of investors looking for a DOGE alternative, increased by 1400 percent in the first hours of the launch, offering the opportunity for short-term profits. The airdrop news that came after the Jupiter launch on February 7, 2024, excited the community.
Stating that they are planning a unique airdrop event, the project team said that crypto enthusiasts buy smog tokens This led to him investing enthusiastically. After the increased interaction, the token increased by 3 thousand percent.
SMOG has become one of the projects where investors want to act quickly due to FOMO, the fear of missing out, which we often encounter in meme coin crazes. After the interest shown, the market value of the SMOG token exceeded 30 million dollars.
According to CoinMarketCap data, the token’s trading volume in the last 24 hours reached 2.5 million dollars, while its market value exceeded 33 million dollars.
The downward movement experienced by the SMOG token today excites investors for new entries. Investors who want to buy Smog tokens at low prices are evaluating opportunities.
Buy Smog Tokens
Smog Token vs All Meme Coins
Inspired by the legendary dragon named Smaug in Tolkien’s Lord of the Rings world, the project appears in the crypto arena with the slogan “one meme coin to rule them all”. The claim that no meme coin can withstand the fire of Smog has the crypto community excited.
The SMOG team puts community at the center of the project. News that a unique airdrop event will be held, buy smog tokens It increases the number of crypto enthusiasts who want it. The project team, which wanted to encourage the community, seems to have achieved this thanks to the airdrop event.
SMOG token holders must complete a series of interactive tasks to participate in the airdrop event. The project team sets simple tasks such as monitoring social media accounts and daily website visits. Airdrop points increase with the number of completed missions.
How to Buy Smog Token?
Investors who want to join the SMOG craze get a 10 percent discount if they choose to trade through the project’s website. It has been possible to purchase SMOG with a Solana-based wallet via the Jupiter platform since day one.
The Smog team also gives the good news of the ETH Bridge. Although based on Solana, the launch of the ETH bridge also allows the ETH community to access the project.
Investors who visit the Smog token’s website are also excited by the very high APY rate. Investors who purchase and stake bridged SMOG ERC-20 tokens through the website receive an APY as high as 42 percent.
The staking mechanism allows investors to earn passive income. Staking SMOG tokens offer rewards to investors in exchange for being locked for 90 days.
After purchasing Smog tokens, investors can participate in the airdrop event on Zealy. The project team, which aims to keep the community constantly active with daily, weekly and monthly tasks, is also planning some rewards for the next stages of the project.
Smog token is waiting for crypto enthusiasts who want to make short-term investments as we enter the Year of the Dragon according to the Chinese calendar.
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