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Bitcoin price continues to rise. According to CoinMarketCap data, the BTC price increased by approximately 5 percent in the last day and 6.3 percent in the last week. Bitcoin could reach an all-time high in 2024, according to a newly published report.
UK-based fintech company Finder published a report on how Bitcoin might perform by 2030. The report includes a study based on price predictions from 40 crypto industry experts. According to this study, Bitcoin is predicted to settle around 77 thousand dollars by the end of 2024. Before that, it is expected to reach a new record of $88 thousand during the year. The current price of the cryptocurrency is around $45,250.
On the other hand, the report stated that the average lowest price that Bitcoin could reach by the end of 2024 was seen as 35 thousand 734 dollars. Some analysts say that this price may drop to 20 thousand dollars.
More than half of the experts surveyed by Finder expect the BTC price to increase after the “BTC halving event” in April 2024. Following the last three halving events, Bitcoin’s price gained value in the following months. However, there are also those who think that Bitcoin is rising not only due to the expected halving event, but also due to the increasing interest of large companies and institutional investors.
Bitcoin has recently received positive reactions from the traditional financial industry. Many experts predict that there will be more buyers in the market after the US Securities and Exchange Commission recently approved 11 Bitcoin ETFs (exchange-traded funds). So, individual investors may turn more to Bitcoin-related investment funds on US exchanges.
Bitcoin may rise further, but that doesn’t mean it will remain at a consistently high price. Developments in the crypto world are happening rapidly. Bitcoin alternative coins continue to be on the radar of investors. According to sponsored content, SMOG, a new Solana-based project, was launched through the Jupiter liquidity pool, which was launched on February 7. Buying SMOG tokens could be one of the hot topics of 2024 as the token price saw an increase of over 1300 percent within an hour of its launch. Details of the project are explained in this sponsored article.
Smog Token (SMOG) – Attractive New Meme Coin with Special Airdrop Opportunity
SMOG, a meme coin, surged over 1,300 percent in 24 hours after its launch on the Solana-based Jupiter decentralized exchange (DEX). This new project, which attracted attention with the airdrop it initiated, has especially attracted the attention of the Solana community.
At the heart of the SMOG token’s strategy lies the motto: “No meme coin can survive the fiery flames of SMOG.” This tagline highlights the token’s mission to build a robust and engaging crypto community known as ‘The Dragon’s Court’. The token aims to unlock unparalleled virality in the meme coin space by promoting interactive and gamified experiences.
Using the smart dragon theme, the project plans to stand out among meme coins. Tokens such as BONK and PEPE took full advantage of the viral social media excitement. Now SMOG plans to surpass its predecessors with its roadmap and airdrop advantage.
Airdrops have proven to be a surefire way to build well-established crypto communities. To increase the adoption and visibility of the token, the SMOG team has planned an airdrop event that is expected to generate widespread interest. Thus, purchasing SMOG tokens could become even more popular and the project could follow the success of other Solana meme coins.
To participate in the unique airdrop campaign, SMOG holders must hold the token for a period of time, contribute to the community reward, or earn airdrop points by participating in some community tasks. All of these tasks contain interactive elements for users.
Future Roadmap of SMOG Token
SMOG offers potential opportunities for cryptocurrency enthusiasts. Aside from the ambitious airdrop campaign, SMOG’s strategic plan focuses on the allocation of token supply. Approximately 50 percent of the supply is reserved for marketing efforts, while 35 percent is reserved for future airdrop rewards. The remaining 15 percent will be allocated to DEX and CEX liquidity. This allocation demonstrates SMOG’s commitment to creating a robust token economy and a thriving community.
The project’s roadmap outlines several future milestones. These include the introduction of a staking feature, potential token burning mechanisms, and plans to expand the ‘Faithful Chosen’ member community through initiation rituals.
To participate in the airdrop campaign, users need a Solana compatible wallet. They can purchase SMOG tokens using SOL, USDT, BONK, or another token of their choice on platforms such as the Jupiter DEX aggregator or Birdeye.
Conclusion
As SMOG jump-starts its token journey, its comprehensive roadmap outlines milestones on the horizon. Features such as staking functionality and potential burn mechanisms offer a glimpse into the evolution of the project. With multiple airdrop launches planned and its commitment to community engagement, SMOG token aims to become a prominent player in the meme coin ecosystem.
Click to review SMOG token.
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
