Token

Dymension

Solana

Smog

<p>The Dymension price soared 30% in the last 24 hours to trade for $7.873 as of 1:20 a.m. EST time on trading volume that surged 82%.</p>
<p>Elsewhere, Solana-based token, <a href="https://insidebitcoins.com/news/jupiter-price-prediction-solana-token-jup-bumps-along-the-bottom-after-61-crash-since-launch-as-analysts-eye-this-potential-pepe-killer-for-100x-gains" target="_blank" rel="noopener noreferrer nofollow">JUP</a>, which is the ticker for the Jupiter decentralized exchange (<a href="https://insidebitcoins.com/buy-cryptocurrency/best-decentralized-exchanges" target="_blank" rel="noopener noreferrer nofollow">DEX</a>), has plummeted 9% to trade for $0.5033 with a trading volume drop of 27%.</p>
<p>It points to a shift in interest from JUP, with capital now flowing to DYM. The common denominator between the two projects is their respective airdrops, as traders now rally behind the latest sensation.</p>
<p>The projects saw massive success in their $390 million airdrop. Over a million wallet addresses claimed the DYM tokens. Claims started early in January but transfers were not made until February.</p>
<blockquote class="twitter-tweet">
 <p>Dymension Goes Live, Airdrops $390 Million in DYM to Solana, Ethereum Users and More<br>“RollApps” chain Dymension launches its mainnet and sends out loads of DYM to users across…<a href="https://twitter.com/hashtag/ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ethereum</a> <a href="https://twitter.com/hashtag/Coins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coins</a> <br>Read more<a href="https://t.co/EpYhHiHMjG" rel="noopener noreferrer nofollow">https://t.co/EpYhHiHMjG</a> <a href="https://t.co/FIWXcYIYZ4" rel="noopener noreferrer nofollow">pic.twitter.com/FIWXcYIYZ4</a></p>
 <p>— Mars Signals (@MarsSignals) <a href="https://twitter.com/MarsSignals/status/1755565201179484564?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 8, 2024</a></p>
</blockquote>
<p></p>
<p>The surge in the Dymension price and interest in the DYM token also comes on the back of the mainnet <a href="https://insidebitcoins.com/news/dymension-price-prediction-dym-soars-20-but-experts-say-this-meme-coin-presale-might-100x" target="_blank" rel="noopener noreferrer nofollow">launch</a> on Feb. 5.</p>
<p>Meanwhile, the Dymension price remains bullish and has broken out above the upper boundary of an ascending parallel channel.</p>
<h2 id="dymension-price-prognosis-as-dym-breaks-above-the-upper-boundary-of-the-channel">Dymension Price Prognosis as DYM Breaks Above The Upper Boundary of The Channel</h2>
<p>The Dymension price shattered the upper boundary of the ascending parallel channel, overcoming resistance due to the 78.6% Fibonacci level. The Relative Strength Index (RSI) is above the 70 level, spelling caution as DYM is already overbought. Investors should not be surprised if a correction happens.</p>
<p>Nevertheless, the odds still favor the upside considering the Moving Average Convergence Divergence (MACD) is in positive territory. The RSI also shows a strong price strength, bolstering the case for the upside.</p>
<p>As a precaution, however, traders looking to open new long positions for DYM should probably wait for confirmation.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/02/DYMUSDT_2024-02-09_09-17-08.png" rel="noopener noreferrer nofollow"><img src="https://insidebitcoins.com/wp-content/uploads/2024/02/DYMUSDT_2024-02-09_09-17-08.png" alt="Dymension" width="1273" height="544"></a></p>
<p><a href="https://www.tradingview.com/x/qFuLtez2/" rel="noopener noreferrer nofollow">TradingView: DYM/USDT 1-hour chart</a></p>
<h4><strong>Converse Case</strong></h4>
<p>If a pullback happens, the Dymension price could pull south, falling into the fold of the channel. For the prevailing bullish outlook to be invalidated, however, the Dymension price must record a candlestick close below the 50% Fibonacci level of $4.291.</p>
<p>Meanwhile, amid the outbreak of airdrop mania, new meme coin <a href="https://insidebitcoins.com/visit/smog" target="_blank" rel="noopener noreferrer nofollow">Smog</a> has erupted onto the scene as it promises the greatest Solana-based airdrop of all time.</p>
<p><iframe title="YOU DON'T WANT TO MISS THIS! THE GREATEST SOLANA AIRDROP OF ALL TIME!" width="640" height="360" src="https://www.youtube.com/embed/6Z4L4s93kRk?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen sandbox="allow-scripts allow-same-origin allow-popups allow-forms"></iframe></p>
<h2 id="promising-alternative-to-dymension">Promising Alternative To Dymension</h2>
<p>Smog has launched in the market via the Jupiter DEX, committing to provide the mother of all airdrops. It leverages the success seen in breakout launches on Solana such as Myro (MYRO), Bonk Inu (BONK), and Dogwifhat (WIF).</p>
<p><iframe title="NEW 100X Potential SOLANA MEME COIN $SMOG Crypto Live - Best 100X MEME COIN To Buy Now?!" width="640" height="360" src="https://www.youtube.com/embed/e0tjWYug1Xs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen sandbox="allow-scripts allow-same-origin allow-popups allow-forms"></iframe></p>
<p>Smog leads the charge with the banner “No meme coin can survive the fiery flames of SMOG”, granting holders access to an expert crypto community dubbed ‘The Dragon’s Court’. The is part of a greater goal to unlock unstoppable virality in the meme coin space.</p>
<p>This is based on the promise and excitement of interactive sustained multi-airdrop campaigns that GameFi the experience for the user. This interactive element involves a user buying and holding $SMOG in order to generate and earn airdrop points. Notably, the specific rewards and plans for the airdrop campaign remain unclear.</p>
<blockquote class="twitter-tweet">
 <p>One <a href="https://twitter.com/hashtag/Memecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Memecoin</a> to rule them all! 🚀</p>
 <p>Get ready for the greatest <a href="https://twitter.com/hashtag/Airdrop?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Airdrop</a> in history, distributed on <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Solana</a>. 💰</p>
 <p>Join <a href="https://twitter.com/hashtag/SMOG?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SMOG</a> on Zealy! 🔥</p>
 <p>Link in Bio 🔗 <a href="https://t.co/vsn4p5cSF4" rel="noopener noreferrer nofollow">pic.twitter.com/vsn4p5cSF4</a></p>
 <p>— SMOG (@SMOGToken) <a href="https://twitter.com/SMOGToken/status/1755713179798081568?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 8, 2024</a></p>
</blockquote>
<p></p>
<p>To add to the fun, $SMOG holders will be able to qualify for their slice of a community bounty. This will be generated by the campaign, enhancing the holding incentive for investors.</p>
<p>To participate in the SMOG airdrop&nbsp;campaign, traders will need to use a Solana-compatible wallet such as Phantom. You can use SOL, USDT, or BONK tokens to swap for&nbsp;<a href="https://solscan.io/token/FS66v5XYtJAFo14LiPz5HT93EUMAHmYipCfQhLpU4ss8" target="_blank" rel="noopener noreferrer nofollow">Smog</a>&nbsp;via the&nbsp;<a href="https://jup.ag/swap/" target="_blank" rel="noopener noreferrer nofollow">Jupiter DEX</a>&nbsp;aggregator or&nbsp;<a href="https://birdeye.so/token/FS66v5XYtJAFo14LiPz5HT93EUMAHmYipCfQhLpU4ss8?chain=solana" target="_blank" rel="noopener noreferrer nofollow">Birdeye</a>.</p>
<p><a href="https://insidebitcoins.com/visit/smog" target="_blank" rel="noopener noreferrer nofollow">Visit and buy Smog here</a></p>
<p><iframe title="NEW MEMECOIN GEM ON THE RISE? 🚀 Launched Today!🐳WHALES BUYING IN!🤯💥🚀 NEW SOLANA MEMECOIN!" width="640" height="360" src="https://www.youtube.com/embed/eFjVnWaDbR8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen sandbox="allow-scripts allow-same-origin allow-popups allow-forms"></iframe></p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/dymension-price-prediction-top-trending-dym-pumps-25-after-390-million-airdrop-as-this-bitcoin-derivative-roars-towards-11-million" rel="noopener noreferrer nofollow">Dymension Price Prediction: Top Trending DYM Pumps 25% After $390 Million Airdrop As This Bitcoin Derivative Roars Towards $11 Million</a></li>
 <li><a href="https://insidebitcoins.com/news/solana-mobile-second-series-hits-60000-preorders-within-three-weeks" rel="noopener noreferrer nofollow">Solana Mobile Second Series Hits 60,000 Preorders Within Three Weeks</a></li>
 <li><a href="https://insidebitcoins.com/news/latest-solana-meme-coin-smog-erupts-onto-jupiter-dex-with-airdrop-campaign" rel="noopener noreferrer nofollow">Latest Solana Meme Coin Smog Erupts Onto Jupiter DEX With Airdrop Campaign</a></li>
 <li><a href="https://insidebitcoins.com/news/jupiter-price-prediction-solana-token-jup-bounces-back-with-8-surge-but-analysts-say-consider-meme-coin-spongev2-on-polygon-for-100x-gains" rel="noopener noreferrer nofollow">Jupiter Price Prediction: Solana Token JUP Bounces Back With 8% Surge, But Analysts Say Consider Meme Coin SpongeV2 On Polygon For 100X Gains</a></li>
 <li><a href="https://insidebitcoins.com/news/solana-price-prediction-solana-price-surges-7-while-new-sol-meme-coin-smog-explodes-onto-the-scene-with-1288-pump" rel="noopener noreferrer nofollow">Solana Price Prediction: Solana Price Surges 7% While New SOL Meme Coin Smog Explodes Onto The Scene With 1,288% Pump</a></li>
</ul>
<div class="inContentProviderSingle inContentColor--insidebitcoins fc-row">
 <div class="inContentProviderSingle--wrapper">
  <div class="container">
   <div class="row mb-lg-3">
    <div class="col-12 col-md-8">
     <p>New Crypto Mining Platform - Bitcoin Minetrix</p>
    </div>
    <div class="col-12 col-md-4">
     <div class="inContentProviderSingle--rating">
      <div class="rating--holder">
       <p>Rating</p>
       <div class="rating--star-container">
        <div class="rating--star" style="width: 100%;"></div>
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="row">
    <div class="col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none">
     <img src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60">
    </div>
    <div class="col-12 col-md-8">
     <ul>
      <li>Audited By Coinsult</li>
      <li>Decentralized, Secure Cloud Mining</li>
      <li>Earn Free Bitcoin Daily</li>
      <li>Native Token On Presale Now - BTCMTX</li>
      <li>Staking Rewards - Over 50% APY</li>
     </ul>
    </div>
    <div class="col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block">
     <img src="https://insidebitcoins.com/wp-content/uploads/2023/09/bitcoin-minetrix.svg" alt="Bitcoin Minetrix" width="125" height="60">
    </div>
   </div>
   <div class="row">
    <div class="col-12 text-center">
     <div class="inContentProviderSingle--button">
      <a href="https://insidebitcoins.com/visit/bitcoinminetrix" rel="noopener noreferrer nofollow">Learn More</a>
     </div>
     <div class="inContentProviderSingle--disclaimerText">
     </div>
    </div>
   </div>
  </div>
 </div>
</div>

Dymension Price Prediction: DYM Pumps 30% While Solana DEX Token JUP Plunges 9% And Investors Pivot To Imminent Smog Airdrop

Table of Contents

Inside Bitcoins

Other articles published on Feb 9, 2024

Join our free newsletter for daily crypto updates!