Millions of DOGE Dumped: Dogecoin Whales Buying up Low Cap Altcoins GBTC and SMOG Before Next 100% Pump

March 18, 2024
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5 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

Meme coin investors are moving away from Dogecoin and Shiba Inu to low-cap altcoins like Green Bitcoin and Smog which offer staking rewards and utility.

Is meme coin season over? In a sudden exodus, investors are witnessing a massive sell-off of popular meme coins like Shiba Inu (SHIB), Dogecoin (DOGE) and PEPE. This bear signal has sent shockwaves through the crypto community, with whales transferring enormous volumes of these assets to centralised exchanges. 

Analysts believe this movement foreshadows a potential price correction for meme coins, historically known for their volatile price swings.  

Crypto influencer @crypto_bitlord7 emphasises this point, highlighting that meme coins are primarily for "pumps" and lack real utility compared to other cryptocurrencies. This makes them susceptible to "pump and dump" schemes, leaving retail investors vulnerable to sudden price drops.

Consequently, investors are scrambling to find the next big thing. Their sights are set on low-cap altcoins with strong utility that offer the potential for significant gains. Two such altcoins generating significant buzz are Green Bitcoin ($GBTC) and Smog ($SMOG). 

Green Bitcoin: A Sustainable Alternative Riding the Bitcoin Bull Wave

Green Bitcoin has emerged as a frontrunner in the pre-halving frenzy surrounding Bitcoin. With Bitcoin set for a potential surge to $100,000, investors are seeking alternative avenues to capitalise on this bullish trend. Green Bitcoin's lower market cap positions it perfectly for substantial growth.

Why is Green Bitcoin Trending? 

Green Bitcoin's presale has been on fire, amassing a staggering $3.8 million in funding so far. Experts predict a rapid sell-out due to the overwhelming interest. This presale offers tiered pricing structures, rewarding early investors with lower prices.

Green Bitcoin isn't just another meme coin. It boasts a robust ecosystem centred around prediction markets.  

Gamified Staking: Users can stake $GBTC tokens to participate in prediction challenges based on Bitcoin's price movements. Accurate predictions yield attractive rewards, making it a less risky alternative to traditional trading.

Passive Staking:  For those seeking a more relaxed approach, Green Bitcoin offers passive staking options with up to 127% annual percentage yield (APY). This incentivises long-term holding and fosters price stability.

STAKE $GBTC WITH THE CHANCE OF SECURING 100% TOKEN BONUSES

Green Bitcoin operates on the eco-friendly Ethereum blockchain, minimising its environmental impact compared to proof-of-work projects like Bitcoin. This resonates with investors seeking socially responsible investment opportunities.

Green Bitcoin consumes a minimal 34 Wh (Watt-hour) per transaction, compared to Bitcoin’s staggering 1,173,000 Wh. Meanwhile, other Bitcoin-like cryptos are more energy-intensive than $GBTC, with Bitcoin Cash (BCH) producing 189.75 Wh and Bitcoin SV (BSV) at 913 Wh.

Green Bitcoin's Tokenomics:

  • Early Investor Advantage: 50% of the token allocation is reserved for the presale, rewarding early adopters.
  • Long-Term Incentives: 20% of the token supply is dedicated to staking rewards, encouraging long-term participation.
  • Global Reach: 12.5% of the tokens are allocated for marketing initiatives to build brand awareness.
  • Smooth Trading: 7.5% of the tokens ensure ample liquidity on exchanges.
  • Thriving Community: 10% of the tokens are reserved for community rewards, fostering a strong user base.
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Influencer Attention and Bullish Outlook

Green Bitcoin has garnered endorsements from prominent crypto figures like Decrypt Crypto and Crypto Boy, who commend its environmental approach and investment potential. 

YouTuber Jacob Crypto Bury has also identified Green Bitcoin as a top presale opportunity before the upcoming Bitcoin halving event in April 2024.

Smog: The Dragon Soaring in the Meme Coin Arena

Smog has taken the meme coin scene by storm, experiencing a phenomenal 1339% surge within 24 hours of its launch on Solana's DEX. This explosive growth is attributed to its strategic tokenomics and development roadmap.

Smog's Key Features:

  • Multi-Chain Functionality: By operating on both Solana and Ethereum, Smog caters to a wider audience and eliminates accessibility barriers.
  • Staking Rewards: Investors can earn a compelling 42% APY on staked tokens, promoting long-term holding and price stability.
  • Extensive Airdrop Campaign: 35% of Smog's total token supply is dedicated to airdrops, ensuring widespread distribution and fostering community growth. This strategy has already yielded impressive results, attracting over 17,100 active members on Telegram.
  • Gamified Rewards: Through partnerships with platforms like Zealy, Smog offers daily gamified quests where users can earn rewards. This initiative has further bolstered its community engagement.

Speculation and Future Potential

Rumours of a potential Binance listing and a deflationary token burning mechanism have ignited excitement among investors. Additionally, prominent YouTubers like Matthew Perry and Jacob Bury have expressed bullish sentiment for Smog, projecting it to be the next 100x crypto.

There have also been rumours that the anonymous team behind Smog was also behind Sponge’s successful campaign – this association has fueled speculations that Smog can potentially replicate Sponge’s success and go on to create the next wave of crypto millionaires.

Seizing the Opportunity with Smog

With its low market cap and captivating dragon theme, Smog presents a tempting proposition for investors seeking to capitalise on the next wave of meme coin mania. Here's a closer look at what makes Smog stand out:

  • Meteoric Rise: Smog's value skyrocketed a staggering 36% within a single day this March, propelling it to the forefront of the meme coin arena. This surge is fueled by significant interest from major investors, with large buy orders exceeding $10,000 flooding the market.
  • Strong Community Foundation: Despite its young age, Smog boasts a robust community exceeding 50,000 holders, 34,000 Twitter followers and a thriving Telegram group with over 17,000 members.
  • Innovative Community Engagement: Smog distinguishes itself through its unique approach to community building. The airdrop campaign, allocating 35% of the total supply, has been highly successful in attracting a diverse user base. Additionally, partnerships like the one with Zealy, offering gamified quests for rewards, further strengthen community engagement.

BUY $SMOG NOW WITH ETH, SOL, USDT, USDC, or BONK

Smog's impressive growth is further amplified by its thriving community and airdrop campaign. The project is well-positioned to replicate the success stories of meme coins like WIF, whose price surged significantly upon exchange listings. Whispers of a potential listing on a major exchange like Binance further fuel investor optimism.

Looking Ahead

The sudden exodus from meme coins like Dogecoin presents an opportunity for investors to explore promising low-cap altcoins with strong utility. Green Bitcoin and Smog have emerged as frontrunners in this space, each offering unique value propositions. 

Green Bitcoin caters to environmentally conscious investors seeking exposure to the Bitcoin bull run through its gamified staking and prediction markets. 

Smog, on the other hand, capitalises on the meme coin craze with its innovative airdrop strategy, multi-chain functionality and potential for a deflationary token model. 

Both projects boast strong communities and are actively building robust ecosystems, making $GBTC and $SMOG compelling investment opportunities for those seeking high-growth potential in the next meme coin season.

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.

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