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Solana’s SMOG or Meme Kombat – Can One of These Viral Meme Coins Replace BONK?

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Solana meme coins are whipping up a frenzy in the crypto market.

The latest sensation is SMOG, which went on to climb around 1400% on its release and continues to top the charts. Meme Kombat ($MK) is another viral meme coin that has caught the attention of the market. Although $MK has yet to be launched, that hasn’t stopped it from igniting FOMO. The GambleFi meme coin is now close to $8.5M in its hot presale.

Here is an analysis of both SMOG and Meme Kombat and how they stack up against each other.

Solana Stealth Launch SMOG is Sizzling Hot With a 1400% Surge – More Coming?

There is more to the growing FOMO around SMOG than its Solana affiliation.

To begin with, the SMOG community is eagerly awaiting a huge airdrop event. The mounting anticipation around the upcoming airdrop, combined with the social media sentiments around the token, make the perfect recipe for a meme coin mania.

In a strategic approach, the project is fueling the excitement around the airdrop with diverse marketing campaigns. As expected, they have kindled a bull run for the meme coin, helping it amass a large base of investors in a short time.

The meme coin could witness more price surges in the coming days as the hype grows to new heights. To give a better perspective, the token has set aside 35% of its supply for airdrop rewards. And a gigantic 50% of the supply is used for marketing efforts, across various crypto publications and social media channels.

VISIT THE SMOG WEBSITE

More than Just Another Solana Meme Coin

The intriguing narrative and theme that underpin the project have the potential to attract and retain investor attention in the days ahead.

According to the website, “The mighty Smog reigns over the crypto battlefield, incinerating all his foes. As the dragon fire burns, the Greatest Airdrop in History gathers pace. No other meme coin can survive the fiery flames. Buy and hold $SMOG to gain airdrop points and join the dragon in vanquishing his enemies!”

The roadmap also instills faith in the project’s future:

The multi-airdrop campaign will lay the groundwork for SMOG’s community-building endeavors. The uniquely interesting goal to attain 10,000+ ‘Loyal Chosen’ individuals, on the other hand, adds to the community craze.

Together, these strategic elements will encourage the community to retain their SMOG tokens for greater rewards over the long term. Investors who hold onto their $SMOG will also qualify for the community bounty.

For more specifics regarding the rewards and the airdrop campaign, join the SMOG community on Twitter, Telegram, and Discord.

The Next BONK?

SMOG is inspired by the success of Solana meme coins like Myro, Bonk, and Dogwifhat. They took the market by storm earlier this year by kindling massive crypto pumps upon their launch.

But the ambitious airdrop initiative gives SMOG a strong competitive edge in the market.

SMOG’s massive surge after the stealth launch hints at its growth potential. It boasts a stronger beginning compared to competitors like BONK. While BONK charted an impressive one-year return of 892%, SMOG has the potential to outperform its contemporaries.

SMOG on the Top Gainers list

Meme Kombat Turns Meme Coin Rivalry into Price Action

Meme Kombat ($MK) is the next meme coin to keep an eye on this week.

The project taps into the fierce competition among meme coin communities, and directs it toward its AI-driven virtual battle arena. Iconic meme coins like DOGE, SHIB, and PEPE engage in intense battles for dominance in the battle arena.

Users who stake $MK tokens can predict the outcomes of these AI-powered battles and earn compelling rewards.

The launch of Meme Kombat Season 1 will kick off soon after the presale. Meme Kombat’s GambleFi arena has the potential to influence the price action of the meme coin market in the future.

Verdict: SMOG or Meme Kombat?

SMOG capitalizes on its theme and hype to pump meme coin mania. Meme Kombat, on the other hand, pumps meme coin mania to drive its price action through an AI virtual battle arena.

It remains to be seen which will emerge as the winner and secure the third position on the meme coin chart.

But the fact that the crypto market is going through another bullish phase ahead of Bitcoin halving will catalyze the price action of both Meme Kombat and SMOG.

To buy SMOG and stand a chance in the airdrop campaign, traders will need to set up a Solana-compatible wallet such as Phantom. Participating in the community tasks listed on Zealy will improve the chances of winning the airdrop rewards, as well as entering the ‘Loyal Chosen’ group.

SMOG is now live on Jupiter DEX. For more details about the meme coin and detailed instructions on how to grab it before the next surge, visit the official SMOG website.

Meme Kombat, however, is still in the presale phase. It has a cheaper entry point than SMOG, as a result. In other words, it offers more space for growth, expansion, and returns.

But there is little time left for early investors, with the presale already past the $8.4M milestone. Staking is live for $MK presale investors.

Visit the Meme Kombat presale page for more information.

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.

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Cryptocurrency

Crypto Markets Shed $250 Billion as BTC Plunged to 11-Day Low (Market Watch)

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The calm weekend was followed by a Monday massacre for bitcoin as the asset plunged by seven grand within an hour or so.

Expectedly, the altcoins have it even worse, with massive price drops from the likes of DOGE, ADA, XRP, SOL, and many others.

BTC Dumps by $7K

Last Monday began somewhat similarly to this one, as BTC dumped hard to just under $100,000. However, it quickly bounced off and even skyrocketed to a new all-time high of over $109,000. More volatility ensued during the day, especially during and after Donald Trump’s inauguration.

His failure to mention crypto during his speech resulted in another correction but BTC remained north of $100,000. It jumped to $107,000 later on in the week but lost some ground during the weekend, which it spent at around $105,000.

Once the Monday Asian trading session kicked in, bitcoin’s price headed straight south. In a matter of a few hours, it dumped by over seven grand and briefly slipped below $98,000, leaving millions of liquidations.

Despite bouncing off to $99,000 now, BTC is still 5% down on the day. Its market capitalization has plunged to $1.960 trillion on CG, but its dominance over the alts has gone to over 56%, as most have suffered a lot more.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts Bleed Out

As mentioned above, the alternative coins have gone into deep red territory. Ethereum leads the adverse trend with a 7% drop that has pushed it below $3,100. XRP lost the $3 mark and has plummeted to $2.8. Solana, Dogecoin, Cardano, Chainlink, Avalanche, Stellar, and SUI are all down by double digits.

Even more painful declines of up to 20% come from VIRTUAL, XCN, SOS, RAY, PEPE, OP, BONK, and many others.

The cumulative market capitalization of all crypto assets has seen over $250 billion gone since yesterday. The metric has plunged to a multi-week low of $3.5 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto
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Cryptocurrency

Why is Ripple (XRP) Price Down Today

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XRP failed to hold above $3 and the price action is now turning bearish.

Key Support levels: $2.6, $2, $1.6

Key Resistance levels: $3, $3.3 

1. First Major Sign of Weakens for XRP

It was critical for XRP to hold above $3 if there was hope of higher highs. This level was lost today and the price fell to $2.7. This drop has also turned the level at $3 into a key resistance.

The cryptocurrency fell by 11% today which shows sellers are returning. While this is a market-wide correction, the timing was quite unfortunate for XRP as this is turning the chart bearish.

XRPUSDT_2025-01-27_18-02-23
Chart by Tradingview

2. Falling Volume Hinted at Correction

The first giveaway that a correction could be coming for XRP was seen on the volume profile. While the price made a higher high above $3, the volume did not do the same. This was an early sign that a bearish divergence was forming which called for caution.

XRPUSDT_2025-01-27_18-03-31
Chart by Tradingview

3. Bearish Divergence Detected

The bearish divergence was quite obvious on the volume profile, as seen below. However, the same situation can also be seen on the MACD and RSI momentum indicators. This only strengthens the argument that XRP could have made a local top at $3.4 and a correction may follow now.

XRPUSDT_2025-01-27_18-03-01
Chart by Tradingview
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Cryptocurrency

Why is the Cardano (ADA) Price Down Today

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ADA crashed by 10% today as bears return.

Key Support levels: $0.90, $0.73

Key Resistance levels: $1, $1.3

1. Price Struggles at Key Support

Cardano is about to decide where it goes next. If the key support at 90 cents does not hold, then it will turn into a resistance and see the price fall lower towards 73 cents next. At that point, ADA will make a lower low which could indicate a prolonged correction has begun.

ADAUSDT_2025-01-27_18-32-53
Chart by Tradingview

2. Momentum is Reversing

The volume is making lower highs, the price is making lower highs, and so does the RSI and MACD histogram. These are all bearish signals. It would be surprising to see the key support hold considering the above. However, until the 90 cents level breaks, it is too early to call it.

ADAUSDT_2025-01-27_18-33-08
Chart by Tradingview

3. Impending Bearish Cross on Weekly Timeframe

A big warning sign is given by the weekly MACD which shows that a bearish cross is imminent. If so, that could be the start of a long correction that can see the price fall towards 73 cents or lower. This scenario is likely if the overall market enters a deep correction.

ADAUSDT_2025-01-27_18-33-36
Chart by Tradingview
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