Meme currencies have piqued the interest of crypto entrepreneurs due to their rapid rise. Dogelon Mars is becoming a popular pick since, as a new coin, it has a lot of room for expansion before achieving its full potential.
Coin exchanges are starting to offer the coin, bringing it to the attention of crypto investors and increasing demand.
It also has an advantage because of its ties to Elon Musk and Dogecoin. If dog-themed meme crypto coin aficionados accept ELON, it may be able to match or even exceed SHIB’s success.
Dogelon Mars (ELON) is one of several Dogecoin and, more specifically, Elon Musk-inspired tokens. In the crypto realm, Elon Musk, the founder of Tesla and SpaceX, has become something of a meme and is frequently seen tweeting about cryptocurrency.
While Dogelon Mars (ELON) has no significant connections to Elon Musk, the name has certainly had an impact, as the ELON token already has over 115,000 holders.
How it works
Dogelon Mars was built on Ethereum, one of the most widely used blockchains on the globe. The token’s first 50 percent supply was given to Vitalik Buterin, while the remaining tokens are held by Uniswap.
Dogelon Mars (ELON) functions similarly to any other ERC-20 meme token; but, because of its popularity, it is now rated just behind DOGE and SHIB currency in CoinMarketCap’s top meme tokens.
50% Availability Vitalik Buterin received a gift. This method is similar to that of the Shiba Inu (SHIB) token, but it has become a signature characteristic of the ELON token.
ELON is the Meme Lord’s name. It is a reality that a single tweet from Elon Musk has the potential to impact all crypto specialists’ technical analysis.
Having a strong name as your ticker symbol, such as ELON, is a terrific feature that can assist the project to expand even further.
The ELON token can presently be purchased on KuCoin, Uniswap (V2), Gate.io, Poloniex, LBank, Uniswap (V3), ShibaSwap, and a number of other cryptocurrency exchanges.
One of the most important aspects of this token is its ticker symbol, ELON. This is because Elon Musk is a well-known figure in the cryptocurrency world.
Another aspect that could determine the ELON token’s future is Vitalik Buterin, the co-founder of Ethereum and the owner of 50% of the ELON tokens.
It’s worth noting that the ELON coin was ranked #126 in the market last year, with market size of $676,124,712.
It is only second behind SHIB and DOGE, two meme-tokens with a large network of supporters and a large social media following.
So, if SHIB and DOGE make a huge jump, ELON is most inclined to follow, according to cryptocurrency researchers and experts.
Finally, it should be mentioned that the ELON token is a meme coin, and it is a reality that meme coins rise and fall at nearly the same rate.
This merely indicates that you should proceed with caution before investing in this coin. Continue to listen to crypto technical specialists and only invest what you can stand to lose.
Don’t miss important articles during the week. Subscribe to blockbuild weekly digest for updates.