Photo from @dogelonmars on Twitter
With over 100,000 holders, 1 billion trading volume in 24 hours, and getting to the top 90 in the charts.
Since its inception over a decade ago, the crypto space has proven to be a revolution, especially as it has altered so many aspects of human life, including perception towards money, monetary policy and control, and most importantly, whether or not money needs to be physical. However, the growth of cryptocurrencies became astronomical in the last two years, especially with the introduction of new assets, especially meme coins, to serve as an alternative to existing coins. Dogelon Mars is a meme coin that is making waves on the crypto market.
Dogelon (CRYPTO: ELON) Mars is an Elon Musk-inspired cryptocurrency that was rightly named after him. Built on the Ethereum blockchain, Dogelon is a blend of Dogecoin and Dogecoin investor and fan Elon Musk, the founder of Tesla.
According to the Dogelon website, the coin was described as “a fork of Dogecoin,” in the same way a knife is a fork of a spoon. In the words of Elon, “I have named it after the capital city of Mars: Dogelon (pronounced Dog-a-lon, not Doge Elon because that would be arrogant).”
Since expressing his interest in cryptocurrency, Elon has become a crypto influencer who has directly been responsible for the fluctuations in the value of cryptocurrencies on the market. And from all indications, Dogelon’s primary objective lines up with Elon’s goal of helping people reach Mars faster and stay away from scams. According to the Dogelon website: “We want to reach Mars and beyond. However, many of those good people are rugged or buy scam tokens that can’t be sold,”
Since its inception, Dogelon has maintained a steady growth. Some of the most notable facts about the coin include the exponential increase in value in the last 48 hours to the tune of +56.72% and a market capitalization of over $1 billion. Also, on Saturday, Dogelon Mars reached an all-time high of $0.0000023 in value, having only started the month of October at $0.00000005. In terms of market capitalization, Dogelon Mars has gone up from $26 million on Oct 1 to $1.4 billion on Oct 30. In addition, Dogelon Mars has risen to become the fifth-largest meme-based crypto-assets according to Coingecko’s “Top Meme Tokens by Market Cap” list. The coin has in the last 30 days risen by almost 3,930% in value.
Other meme coins like Safemoonn Inu (SMI) and Polydoge (POLYDOGE) jumped 540% and 459% in the past week.
Per the developer’s goal and aspiration for Dogelon Mars, the coin is currently unstoppable and from every angle looks like the coin to take over the crypto space in no distant time, while at the same time helping people go to Mars and reduce the incidence of scam and rugpulls in the crypto market.
Learn more about Dogelons, its history, growth trajectory and predictions for the future by following its Twitter page.