Can DOGE still make you a millionaire? Why SMOG backers think they’ll become meme-coin millionaires
Dogecoin (DOGE) captured the attention of the world in 2021 with its meteoric rise, surging by a staggering 9,000% between January and May of that year alone.
Initially conceived as a joke based on the popular “Doge” internet meme, Dogecoin gained legitimacy through celebrity endorsements, most notably from figures like Elon Musk and Mark Cuban.
Despite its lack of real-world utility, Dogecoin’s vibrant community and cult-like following propelled its value to unprecedented heights. However, its reliance on popularity rather than intrinsic value has raised concerns among many about its long-term sustainability as an asset vehicle.
Enter Smog: The Next Meme Coin to 100x?
While Dogecoin continues to captivate holders, attention is shifting towards new meme coins like Smog, which promise similar opportunities for wealth creation.
Smog, a (DeFi) cryptocurrency, made waves recently with its explosive debut on Solana’s Jupiter decentralised exchange (DEX).
Within just 24 hours of its launch, $SMOG surged by an astonishing 1,339%, earning its place among the top gainers on DEXTools.
Its strategic approach to tokenomics and project development sets Smog apart from its predecessors. With 50% of its tokens allocated for marketing and 35% for airdrops, Smog aims to build a robust ecosystem while rewarding early adopters and community members.
The remaining portions are dedicated to liquidity on centralised and decentralised exchanges, ensuring stability and accessibility.
Moreover, rumours circulating within the crypto community suggest that Smog shares the same anonymous team behind Sponge, a meme coin sensation that achieved a 100x return for early adopters. This association has fuelled speculation about Smog’s potential to replicate Sponge’s success and create millionaires.
The Roadmap to Success
Smog’s roadmap outlines a three-stage approach to project development, focusing on initial development, token launch and finally meme coin domination.
By leveraging partnerships with platforms like Zealy – a platform that helps web3 communities drive growth through a work-to-earn mechanism – Smog plans to initiate an airdrop campaign to incentivise user engagement.
This campaign will involve participants in various quests and activities to accumulate points. As users strive to secure a portion of the airdrop rewards, the Smog ecosystem is anticipated to witness heightened activity, thereby stimulating trading volume.
To further motivate engagement, leaderboards highlighting top contributors and community initiatives will be introduced, adding a gamified element to the ecosystem.
The Glauber Contessoto Story: A Lesson in Meme Coin Millionairehood
The story of Glauber Contessoto, the “Dogecoin millionaire,” is a testament to the potential of meme coins to generate wealth. With a bold acquisition of over $250,000 in Dogecoin, priced at just $0.4.5 cents, Contessoto became a millionaire on paper within months as Dogecoin’s value soared.
Despite temporary fluctuations in his portfolio, Contessoto remained committed to his Dogecoin holdings, eventually reaping significant profits. His journey underscores the importance of early acquisition in meme coins with strong potential for growth, echoing the sentiments of those eyeing $SMOG as the next big opportunity.
The Future of Smog: Integrating with ETH and Staking Platform
As $SMOG continues its journey towards meme coin domination, it’s set to expand its reach even further. Today marks an important milestone as Smog will be launching on ETH, leveraging portalbridge.com, which uses Wormhole, a leading cross-chain platform with over $1b TVL currently.
This launch will introduce an ETH liquidity pool (LP), making it easier for users to buy into $SMOG. A new Staking platform will allow users to generate APY by locking their tokens for 30 days. Rewards can be claimed once the unlock date is reached.
To buy into the Smog ecosystem, users currently can head to Jupiter decks and connect a Phantom wallet or other Solana-compatible wallets, then purchase $SMOG with either SOL, USDT, BONK, etc.
Users can participate in the ongoing airdrop campaign and engage with the community on platforms like X (Twitter), Discord and Telegram. Alternatively, you can visit the project’s litepaper for extra information.