Connect with us
  • tg

Cryptocurrency

New Airdrop-Focused Meme Coin ‘SMOG’ Sees Fair Launch on SOL And Soars 1,400% In First Hour

letizo News

Published

on

The newly launched SMOG Token is diving headfirst into the Solana ecosystem with a unique airdrop utility to bring a novel theme to the bustling blockchain.

The project fairly launched through a Jupiter liquidity pool, which went live at 16:00 UTC on February 7th.

The mystique behind $SMOG caused a wave of early buying as the project shows the hallmarks of an expert Web3 team, pushing the market cap for the token beyond $1 million in its first hour.

The swift success of SMOG Token ($SMOG) is turning heads as traders look for dips in the market to find buying opportunities before the airdrop campaign begins.

$SMOG Brings Unique Airdrop Utility With Fair Launch Mechanics to Shake Up Meme Coins on SOL

Capitalizing on the new airdrop hunting craze, $SMOG brings a unique airdrop utility that seeks to bring a wave of social engagement to the project.

Born in the celestial forge of Jupiter, the project described itself as the most rewarding token on the Solana network.

$SMOG intends to bring an unparalleled airdrop spectacle that sees token holders earning airdrop points to qualify for the historic airdrop.

In addition, $SMOG is undergoing a brilliant Zealy campaign that will bring engagement to the social profiles of the project.

The Zealy campaign is expected to bring tremendous interest as users participate in daily, weekly, and monthly quests to earn airdrop points.

The campaign will see users completing specific tasks like following $SMOG on Twitter and joining its Discord server.

Furthermore, community members with the highest number of airdrop points will be shown on a leaderboard, bringing a competitive edge to the campaign.

$SMOG Instantly Hits Top-Trending Tokens After Surging 1,400% In the First Hour – Next $BONK?

The reception of the fair launch has caused fireworks as $SMOG instantly hit the hot pairs on Solana-based pools;

It also hit the overall top-trending tokens on DexTools within hours of going live, securing its position on the daily gainer’s list;

$SMOG has significantly more liquidity in its pool than the other competition on the list, with a staggering $760,000 at the time of writing.

The fair launch allowed $SMOG to soar over 1,400% in the first hour of going live, allowing it to surpass the $1 million market cap threshold;

The project seeks to follow the footsteps of popular Solana-based projects, such as $BONK, $MYRO, and $WIF. Its fair launch on Jupiter gives it a comparatively better start than the meme coin heavyweights, with no presale or seed funding before launching.

Furthermore, the timing for $SMOG’s fair launch couldn’t be better as the Jupiter DEX continues to exceed Uniswap in trading volume.

Best of all, the project has the hallmarks of an expert Web3 team, with rumors spreading that $SMOG has the same anon team that launched $SPONGE, a meme coin sensation from May 2023 that underwent a similar stealth launch and surged from a $1 million market cap to $100 million, providing 100x returns for early adopters.

Airdrop Focused Tokenomic Structure Set Stage for $SMOG Price Growth

The tokenomic structure for $SMOG is centered around three core elements: a fair launch, an airdrop spectacle, and liquidity.

There’s a total supply of 1.4 billion $SMOG, with just 5% of the supply currently circulating.

The breakdown of the tokenomics is as follows;

  • 50% for marketing
  • 35% for the airdrop
  • 10% for CEX liquidity
  • 5% for DEX liquidity

The 5% set aside for DEX liquidity is already circulating, and the liquidity has been officially locked through Team.Finance, a third-party security firm that lets founders lock their liquidity to show commitment to a project.

You can view the details of the lock here.

As you can see, the tokenomics structure is heavily focused on pushing a marketing campaign to promote engagement in preparation for the airdrop.

With such a large marketing budget, $SMOG will be able to have the token plastered across several publications, influencers, and YouTube videos.

Overall, traders are quickly positioning themselves as early adopters in $SMOG, expecting at least 10x returns in the coming days.

The project’s social media channels are quickly growing, with over 320 members on its Telegram and 250 followers on X (formerly Twitter). The low numbers show that early entry opportunities are still available for those purchasing $SMOG today.

Those looking to purchase $SMOG will need $SOL to buy it through the Jupiter DEX. Follow the links on the project’s website for more information.

Visit $SMOG Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

Cryptocurrency

Spot Bitcoin ETFs Take Center Stage in South Korean Election Campaign: Report

letizo News

Published

on

With spot Bitcoin ETFs being all the rage, South Korea’s opposing party has a new trick in hand to garner support from the masses ahead of the general election on April 10.

According to reports from local news media on Tuesday, the Democratic Party of South Korea is advocating for allowing local citizens to invest in spot Bitcoin ETFs and for financial institutions to launch such investment vehicles.

South Korea’s Opposition Champions Spot Bitcoin ETFs

The party aims to legalize investors to purchase spot Bitcoin ETFs using their individual savings accounts (ISAs), which are comprehensive accounts for various investments in funds or equity-linked securities, offering tax exemptions for financial profits of up to two million Korean won (worth nearly $1,497).

The latest development comes just a day after the People Power Party, which currently holds power in South Korea, was reported to be exploring options to allow spot Bitcoin ETFs as part of its campaign pledges for the upcoming general election in April, deviating from its previously hostile stance.

As per a report from local media earlier this week, the right-wing part is also planning to examine legislative actions to authorize other digital asset investment products that have received approval in the United States.

In addition to a number of changes, such as lifting bans on IEOs, the ruling party is also looking to roll out a “Digital Asset Promotion Committee,” with the necessary authority to propose laws and enforce sanctions related to the industry.

The People Power Party is also pushing for an additional two-year delay in taxing gains from crypto investments.

Originally slated for 2023 and later postponed to January 2025, the current request from the People Power Party aims to extend the postponement to 2027.

Increased Malicious Transactions

South Korea has witnessed increased crypto trading activity, which, in turn, has triggered the growth of suspicious transactions. The authorities witnessed nearly 49% more alerts of potentially potentially fraudulent transactions from crypto service providers in 2023 compared to the previous year.

Financial Intelligence Unit’s (FIU) paper disclosed that the country clocked over 16,000 instances of reported crypto transactions suspected of links to activities like money laundering, market manipulation, or illicit drug trading in 2023.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
Continue Reading

Cryptocurrency

$1 Billion in Bitcoin Withdrawn From Coinbase, Bullish for BTC Price?

letizo News

Published

on

Hovering a little below $52,000, Bitcoin is still down by approximately 25% since its all-time high of the previous bull run. The leading crypto asset, however, is seeing a tremendously improved sentiment among investors.

In fact, Bitcoin holdings on Coinbase, which is a leading crypto exchange in the space and the largest in the US, have fallen to their lowest level since 2017. And whales are betting big on the asset.

Whales Make Big Bets

As per CryptoQuant analyst’s latest data, more than 18,000 BTC, valued at around $1 billion, were identified to have been removed from the platform by whales.

After the withdrawal of such a significant stash of Bitcoin from Coinbase, the funds were distributed across several new wallets, with values ranging between $45 million and $171 million.

Subsequently, Coinbase’s public order book now holds around 394,000 BTC, equivalent to a little over $20.5 billion. CryptoQuant founder Ki Young Ju further revealed that the funds were moved to multiple non-exchange addresses, likely custodial wallets.

Accumulation Game Strong

The demand for Bitcoin is evident as whales have engaged in the highest level of activity not seen in nearly two years. In 2024, large holders with 1,000 to 10,000 BTC in their wallets accumulated approximately $13 billion worth of the asset. Meanwhile, those with holdings ranging from 100 to 1,000 BTC shed their holdings by $7.89 billion.

Such a trend of whales moving their stash away from centralized crypto exchange is usually a positive sign. Last week, Bitcoin whale wallets acquired over 100,000 BTC, estimated to be approximately $5 billion, in a span of just ten days alone. Historically, such accumulation points signal price appreciation.

The latest whale movements come amid a market-wide rally spurred by the introduction of spot Bitcoin ETFs.

Following their successful launch and the subsequent massive inflow, all eyes are on the Bitcoin halving, which is likely to occur in April this year. Hence, the transfer to custodial wallets may indicate the increased confidence of a price surge ahead of the fact.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
Continue Reading

Cryptocurrency

ChatGPT Speculates Whether XRP or Bitcoin Minetrix Will Hit $1 in 2024

letizo News

Published

on

The recent growth of artificial intelligence (AI) technology has led crypto investors worldwide to turn to tools like ChatGPT for insights.

Given how unpredictable the crypto market is, AI-powered predictions have become increasingly sought-after.

With that in mind, this article explores ChatGPT’s price predictions for XRP (XRP) and Bitcoin Minetrix (BTCMTX) – determining which one could surge to the $1 mark by the end of 2024.

XRP Has Bumpy Start to 2024 as Legal Issues Loom Large

Despite ongoing legal challenges from 2023, XRP is having a mixed start to 2024.

From January 11 to January 31, XRP’s price dropped 22%, taking it down to the $0.485 level.

This marked XRP’s lowest value since mid-October.

However, after this dip, XRP has steadily climbed in the following weeks.

The token currently trades at $0.573, representing an 18% increase from January’s low.

According to CoinMarketCap data, spot trading volumes are also surging daily, reaching $1.4 billion yesterday.

XRP is now the 7th most-traded cryptocurrency in the world, ahead of trending projects Filecoin (FIL) and Worldcoin (WLD).

Looking ahead, another trial between Ripple and the SEC is set to begin on April 23.

This trial will likely have a significant impact on XRP’s price action.

While legal experts remain divided on a potential outcome, XRP investors hope a resolution is reached quickly to avoid even more drawn-out legal proceedings.

ChatGPT Weighs In on XRP’s Price Prospects for Year Ahead

With these factors weighing on XRP’s prospects, what does ChatGPT predict for its 2024 price trajectory?

The AI model, analyzing current price data, the ongoing legal situation, and XRP’s historical trends, has offered a tentative outlook for the year ahead.

ChatGPT emphasized that the volatile nature of the crypto market and the looming SEC trial means investors should take a cautious approach to XRP.

However, ChatGPT did acknowledge XRP’s potential to reclaim the $1 mark this year with a favorable trial resolution – possibly even reaching $1.20.

Moreover, if crypto market conditions remain bullish, the chances of XRP hitting the upper end of this range are increased even more.

The key takeaway is that ChatGPT believes the chances of returning to $1 hinge primarily on the outcome of Ripple’s battle with the SEC.

Given that this battle may not be resolved until mid-2024 at the earliest, XRP’s price trajectory over the coming months remains unclear.

ChatGPT Speculates BTCMTX Price Could Soar 635% Due To Stake-to-Mine Innovation

While XRP’s fate hangs on legal outcomes, another crypto could exhibit clearer price prospects – Bitcoin Minetrix.

This Ethereum-based platform proposes a revolutionary approach to Bitcoin mining called Stake-to-Mine.

The Stake-to-Mine setup aims to simplify and democratize access to crypto mining by allowing BTCMTX holders to stake their tokens for cloud mining credits.

These credits can then be instantly burned for cloud mining power.

As a result, traditional mining barriers like cost, complexity, and security concerns are no longer an issue.

Moreover, Bitcoin Minetrix also features a high-yield staking protocol for BTCMTX, meaning there are two ways to earn with the platform.

Armed with this information, ChatGPT offered some interesting insights into BTCMTX’s potential in 2024.

The AI model predicted that BTCMTX could rise as high as $0.10 by the end of the year – which would represent a whopping 635% increase from the current presale price of $0.0136.

However, ChatGPT made sure to highlight that any price increases would require a successful exchange launch, positive market dynamics, and continued community momentum.

One of these elements can be ticked off since Bitcoin Minetrix’s Telegram community already has over 14,300 members.

So, although ChatGPT doesn’t think BTCMTX can hit $1 this year, it does believe the token has far higher growth prospects than the long-established XRP token.

Visit Bitcoin Minetrix Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved