Does knowing the Dogelon Mars price prediction interest you? For most people, the answer to this question is going to be yes! Since Dogelon Mars, like many other meme tokens, has gained a lot of popularity amongst crypto holders in the past few months. With such a spike in its demand, people want to know whether they will be a millionaire by investing a few dollars in such Dogelon Mars ELON or not!

Dogelon Mars Overview

Cryptocurrency Dogelon Mars
Ticker Symbol ELON
Price $0.000000966
Price Change 24H -0.34%
Price Change 7D -1.29%
Market Cap $263,779,545
Circulating Supply 551,240,196,634,300 ELON
Trading Volume $16,271,036
All Time High $0.00003263
All Time Low No Data
Dogelon Mars ROI No Data

Head on to our forecast guide to know all the details about Degelon Mars!

The History of Meme Coins

Meme coins are cryptocurrencies allied with certain themes, often humor and fun rather than technical products and services. It can be from an internet meme or some fun character. Dogelon Mars ELON coin are neither concentrated on technology nor devoid of fundamentals. Meme coins do not serve real-world use and have no practical utility like other cryptocurrencies. Dogelon token is focused on communities and is community-driven. These are characterized by low value in high circulation. Most of the Dogelon Mars ELON are valued at a few cents or a fraction of cents.

Based on the latest data, around 124 meme coins are in circulation. Dogelon Mars ELON came into existence from 2013 onwards. The first-ever meme coin was named Dogecoin; it is a cryptocurrency with the theme Doge meme. Kabosu dog in Japan is the inspiration behind the Doge meme. It was created as fun against serious cryptocurrencies, but the popularity of Dogelon Mars ELON has eventually increased. Dogecoin (DOGE), Shiba Inu (SHIB) are the most popular among meme coins and give stiff competition to the crypto market.

Dogecoin technology was derived from Litecoin, and SHIB is built on the blockchain of Ethereum. Dogecoin has 100 billion tokens in circulation, and SHIB token has around 1 quadrillion tokens. There is no proper burning schedule and mechanism for Dogelon Mars ELON, so for $1, you can purchase millions of Dogelon Mars ELON.

Behind the history of Dogelon Mars ELON, a Shiba Inu dog was featured in a meme. The historical data reveals the name of the dog is Kabosu. The conversation was riddled with grammatical and spelling errors, which had eventually become viral on social media, and later it became the top meme of the year. The word dog was misspelled as doge while it was circulated on the internet. Later, two software engineers Billy Markus and Jackson Palmer created the ‘Doge coin’ to poke the severe other crypto tokens in circulation.

Dogecoin was designed as a peer-to-peer cryptocurrency to appeal to broader demography than Bitcoin. It had launched at a $0.00026/token value, but the trades were executed beyond expectation. Hence, the price of Dogecoin skyrocketed and then paused at $0.00095 within 72 hours. The price movement of Dogecoin is a little crazy and highly volatile. Hence, intelligent investors took benefit of the volatility to become wealthy in the short term.

Today, it has become one of the top valued tokens globally, spiked enormously in the current year, and has climbed to 9th position. When the popularity of such tokens increased, many companies came up with meme coins. Some countries even took action against meme coin circulation; in July 2021, Thailand banned the circulation of Dogelon Mars ELON coins because of its instability and risk.

Dogelon Mars – The Road ahead

Latest news reports out from the cryptocurrency market manifest, previous year as well as 2022 might be a good time for Dogelon Mars ELON tokens. Dogecoin and Dogelon Mars have prospered this year. After the blew up of Dogecoin, it was a clear sign that the cryptocurrency market is widely accepting Dogelon Mars coin. People started investing; later, Shiba Inu entered into the 10 biggest cryptocurrency list.

After that, markets witnessed a growth in the listing of FLOKI Inu, Safe Mars, Dogelon Mars, AKITA Inu, Samoyed coin SAMU, Kishu Inu (KISHU), most of them have the same pattern, but they are from different communities. Squid Game (SQUID) is a token created that is inspired by the Netflix show Squid Game. It surged in one day, and later when the developers had the rug pulled the next day, prices plunged to 99%. Crypto holders who hold SQUID were unable to sell the token.

Such a situation can happen at any time. The other crazy factor of meme coins is that they will give highly profitable returns and make their investors millionaires overnight. In a survey conducted by Crebaco, a cryptocurrency research company, regarding the purchase of new cryptocurrencies, 91% of the 1000 participants have purchased tokens.

Dogelon Mars token doesn’t have its blockchain, whitepaper, and an established ecosystem. Collective jokes of the community define the use cases or fundamentals of these tokens. The crazy fact about Dogelon Mars ELON tokens is that investors have a lot of hope in the token’s value because it has been placed at a shallow value. Hence, most of the Crypto holders are misled by the Dogelon Mars price, that in the future, it will hit a $1, full potential is still left, or they expect that this coin will also blast one day.

Usually, people start purchasing this type of coin out of whims and fancies. This creates an unexpected bump and dumps in the value of the same; the herd behavior stimulated by a catalyst in the market pushes the coin to spike; this may not happen with every coin. Some of them will continue with the trading value on the nascent stage or its launched price for a long duration without anyone noticing it and without creating hype on the social platforms.

This year, Shiba Inu overtook the traded volume of Dogecoin. Elon Musk recently tweeted a Chinese poem, and people started interpreting that tweet referring to Shiba Inu vs. Dogecoin crypto spat. This created another shockwave in social media. Traders who were not familiar with Dogelon Mars ELON tokens also started purchasing them. Such social media hypes cannot be predicted every time. It is even more unpredictable than the volatility of the markets. Crypto holders cannot expect each meme coin will have long-term earning potential.

Overview of Dogelon Mars

Dogelon Mars is a comparatively new meme coin, which is a fork of Dogecoin. Dogecoin depicts itself as an interplanetary currency. The theme is defined as ‘Humanity becomes a multi-planetary species and launch of the coin is a mission to Mars.’ There is a fun character behind every meme token, so here it is, Dogelon, a spacecraft-wearing dog, Dogelon Mars itself referred to as an intergalactic currency.

The name Dogelon came after the capital city of Mars and is pronounced as DOG-A-LON. Dogelon Mars is a universal currency for people. Dogelon Mars claims that, unlike other meme tokens, Dogelon Mars will constantly be improving. A cartoon dog in a spacesuit coming up with his story is the beautiful representation of Dogelon Mars on its website.

Dogelon Mars Cryptocurrency

The cryptocurrency of Dogelon Mars is known as ELON, which is an ERC-20 token on the Ethereum blockchain launched in April 2021. It is named ELON, and the name came after Elon Musk. He is a fan and investor of Dogecoin. It has got decent tokenomics, and Dogelon Mars is listed in major decentralized exchanges with plentiful token pairs. ELON/USDT market pair is available on Poloniex. Account can be open via name or email address on such exchanges.

Dogelon Mars cryptocurrency is viral on social media and has got media hype; people started investing in the token. In October, Dogelon Mars ELON price rose more than 40X times and gave a massive return. Then it climbed into 150th rank in terms of market cap.

Technical analysis of data shows Dogelon Mars followed the lane of Shiba Inu for token distribution. Half of the tokens were sent to Vitalik Buterin. Later, Buterin donated his contribution to charity and the Covid Relief Fund. By this, Dogelon Mars developers ensured fair distribution of the coin from the start.

Since it is defined as a fair universal cryptocurrency, there was no presale of tokens. 1,000,000,000,000,000 (Ten Trillion) coins have been created after sending 50% to Vitalik Buterin, the next 50% of tokens are locked in uniswap liquidity pool as ELON and ETH pair, then it is locked forever.

The possibility of initial liquidity drawdown was removed from the massive upside push of October 2021; the market cap surged from $26 million on October 1, 2021 to $1.19 million by October 30, 2021. When it is listed on OKEx, it has rallied more than 200% upside. The overall rise was considered as a retail mania by experts in the crypto market.

What makes ELON unique?

Dogelon Mars, as stated above, is based on a dog theme, uses a comical funny story of Dogelon, and is totally based on fantasy! There are various short stories put up on the website of Dogelon that heed the coin moving on his adventures to Mars, where he encounters more friends. The idea is to explore the biggest puzzles of the universe and strive to recolonize the planet with his other friends.

Dogelon Mars Mission

There is no fixed roadmap for the coin; however, the meme coin is very famous! Because the coin’s meaning is that once it combats for survival against the annihilators and is listed on major crypto exchanges, its value will touch Mars. The coin is very ‘Memeable,’ with various attributes in its name (Doge, Elon Musk, Moon/Mars).

Dogelon Mars Technical Analysis

The unpredictability of Dogelon Mars ELON price is higher compared to other coins of the cryptocurrency market. Hence, giving an accurate Dogelon Mars Price forecast is quite difficult. Historical data of ELON price shows, the entry Dogelon Mars price was around $0.0000000078. Within a week after listing, the ELON price has climbed to $0.00000041, but later after a sell Dogelon Mars indication, it has taken support at $0.00000015.