In the dynamic world of cryptocurrencies, investors are all too familiar with market fluctuations. Recently, there has been a lot of discussion in the cryptocurrency world about the decline in the price of Bonk, which previously showed high profit potential but is now experiencing another decline.
As a result of this economic downturn, investors began to actively seek safer and more profitable options. While the largest cryptocurrency, Bitcoin, exceeded 50 thousand dollars, meme coins began to revive.
That’s why there is excitement in the meme coin community about two new coins. One of them is trying to surpass the success of its first version, and the other stands out with its feature of being the biggest airdrop.
Smog Token Quickly Entered the Cryptocurrency Market
A new cryptocurrency called Smog Token (SMOG) is quickly gaining a lot of attention from investors. Introduced on the Solana blockchain, SMOG is sparking controversy among investors who see it as a potential successor to BONK.
This meme coin not only has a good concept and advanced technology, but also offers the most significant airdrop potential of 2024. The first participants to purchase Smog tokens have the opportunity to become part of an exclusive group called ‘The Dragon’s Court’, a community dedicated to challenging conventional norms in the meme coin world.
The goal is clear and ambitious: to achieve widespread popularity by providing an interactive and dynamic experience through various airdrop campaigns designed to make user participation enjoyable and satisfying.
To participate, users must purchase and store Smog tokens. This not only gives them access to the community, but also allows them to accumulate points through airdrops. Although the specific details of these awards and campaigns have not been announced yet, the expectation is increasing day by day.
What’s more, being a SMOG member brings not only the excitement of anticipation but also additional benefits. Investors have the opportunity to benefit from a community bounty, which is a prize pool that increases in size as the campaign achieves more success.
SMOG developers have released a detailed roadmap outlining their plans for the future. This roadmap contains specific information about the “Dragon’s Lair” project. The project reveals a different vision for the future and provides an interesting journey, outlined in an ambitious road map with important milestones.
One notable element is the implementation of a staking mechanism that indicates the probability of a series of airdrop events occurring in the future. In addition to outlining plans for more airdrop campaigns in the future, the roadmap also hints at the eventual implementation of a burn mechanism to potentially increase the value of the token.
Another prominent aspect of this project is the goal of gathering a membership of more than 10 thousand people called ‘Loyal Elects’. Becoming a member of this exclusive group is considered a significant achievement and requires one to be selected through a series of community initiation ceremonies. Individuals who successfully qualify and dedicate themselves to the SMOG realm are said to receive even more rewarding airdrop incentives.
SMOG, listed on Solana’s cryptocurrency exchange Jupiter, increased trading volumes. Thus, increasing investor confidence. Given the higher trading volumes on Jupiter compared to platforms such as Uniswap, Smog aims to achieve significant growth.
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Sponge Token V2’s Stake-to-Bridge Method Attracted $8.9 Million in Investment
Launched as the successor to the popular Sponge (SPONGE) meme coin, Sponge V2 aims to build on the success of the first version by expanding functionality and moving to a new chain.
Recently, the milestone of $8.9 million in assets staked through the stake-to-bridge program was surpassed. To purchase Sponge Token V2, you need to own and stake V1.
Sponge Token V1 has become one of the most popular meme coins, with the token experiencing significant growth and reaching a market cap of $100 million in May 2023. This has resulted in early adopters seeing returns of up to 100x their initial investment.
The next SPONGEV2 upgrade will serve as the next manifestation of the project. The aim is to recreate the previous value increase by integrating additional functions such as play-to-earn (P2E) into the ecosystem. When you complete the tasks successfully in this play-to-win game, the native token of the project, SPONGEV2, will be obtained as a reward. The integration of P2E and private staking mechanisms makes it a prominent project in the meme coin space.
Sponge V1 owners can stake tokens and earn SPONGEV2 as a reward. The returns at Polygon currently stand out as a significant amount of 1,481 percent annually (APY). This approach provides investors with a direct path to profitable returns without requiring pre-sale events or private sales.
Despite having an anonymous team, Sponge V2 continues to benefit from a massive online community, including 32 thousand people on Twitter.
Tron founder Justin Sun, who previously invested in the original SPONGE token, is also said to be the whale of this meme coin.
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