Ethereum Targets March for Upgrade: SMOG Predicted to Lead in Trading Volume as Traffic Will Rise on Ethereum Network

Ethereum’s March upgrade is expected to boost traffic, with meme coin $SMOG positioned to lead in trading volume on Ethereum trading.

Ethereum developers have announced March 13 as the target date for the highly anticipated Dencun upgrade, marking the next milestone for the blockchain. 

This upgrade, featuring the ‘proto-danksharding’ feature, aims to enhance transactions and data availability on the Ethereum network.

The Dencun upgrade represents one of the most substantial changes to Ethereum since April 2023, primarily focusing on reducing transaction costs on auxiliary ‘layer-2’ networks built atop Ethereum.

Proto-danksharding is aimed at reducing transaction costs for rollups by introducing data ‘blobs’ for storing data. Additionally, it is expected to decrease the cost of data available on Ethereum, making projects like Celestia, Avail and EigenDA more appealing.

Historically, Ethereum upgrades have coincided with surges in trading volume on the network, and this time round is no exception. New Solana-based meme coin Smog has recently expanded to Ethereum, leveraging portalbridge.com to enable seamless asset transfers between Solana and Ethereum.

This expansion aims to tap into Ethereum’s extensive liquidity and user base, further boosting Smog accessibility and reach and positioning SMOG to capitalise on the anticipated increase in Ethereum network traffic following the Dencun upgrade.

Smog’s Role in the Crypto Market

Smog, a meme coin launched on the Solana blockchain, has gained significant attention since its debut on February 7th. Within the first 36 hours of trading, $SMOG saw an astonishing increase of over 4,700%, reaching an undiluted market valuation of $50 million.

The project’s success is attributed to its fair launch strategy, which skipped a presale and opted for an extensive airdrop campaign. The breakdown of Smog’s tokenomics allocates 50% for marketing, 35% for the airdrop, 10% for CEX liquidity and 5% for DEX liquidity.

SMOG’s innovative features extend beyond its initial launch. The project’s roadmap outlines plans for community building, implementing key features and scaling the project to new heights.

One notable feature is the staking platform, offering attractive fixed APY yields of up to 42.0% to incentivise long-term token holding. Holders can lock their tokens for 30 days and claim rewards upon reaching the unlock date, providing stability and liquidity to the Smog ecosystem.

Moreover, SMOG has partnered with Zealy, a platform focused on community engagement, to boost activity in its ecosystem by driving user participation. Through quests and activities, users can contribute to the growth of the Smog ecosystem while earning rewards.

Smog Predictions Post-Ethereum Upgrade

As Ethereum prepares for its Dencun upgrade, Smog stands ready to lead in trading volume and capitalise on the increased network traffic.

As users await the upgrade, all eyes are on Ethereum and its potential impact on the crypto market. However, with Smog’s innovative features and expanding ecosystem, the meme coin is well-positioned to thrive amidst the anticipated increase in trading volume and network traffic.

With $SMOG currently priced at $0.004655, the meme coin has lots of potential to 100x, following in the footsteps of other successful Solana-based meme coins such as BONK.

Notably, the recent surge in the price of Solana is also expected to positively impact $SMOG since it’s a meme coin within the Solana ecosystem. Solana’s price increased by over 20% this week, potentially leading to increased trading volume for $SMOG as users seek opportunities in the Solana altcoin market.

You can acquire $SMOG on Jupiter DeX – connect your Phantom or other Solana wallet and choose from popular currencies like SOL, USDT, or BONK to make your purchase.

Access the Smog community on X, Discord and Telegram to stay tuned with the latest project updates and news.

Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.