After the success of such famous dog tokens as DOGE and SHIB, many meme projects appeared last year trying to join the success. Dogelon Mars is one such project. It doesn’t offer any utility and is based just on creative ideas and marketing efforts. Even though it managed to make it high before, after the major market correction during the spring and the summer of 2022 it lost almost all the gains of the previous periods. Read our Dogelon Mars token price prediction and see if the token will go for another round of fame.
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Dogelon Mars Price Prediction: Is It Smart to Buy Dogelon Mars?
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Table of Contents
Dogelon Mars Fundamental Analysis
Project name
Dogelon Mars
Stock Symbol
ELON
Current Price
3.670555020649624e-7
Current Supply
1000000000000000
Official Website
Dogelon Mars is a meme token project inspired by the success of dog-tokens such as Dogecoin, Floki Inu, and Shiba Inu, and Elon Musk is a big supporter of those. It is expressed in the made-up name that combines Dogecoin and Elon. The reference to Mars is related to the famous moon meme and partially to Musk's intention to build a spaceship that can reach the red planet. Technically Dogelon is the fork of Dogecoin.
The project is based not on the utility, but on the concept and idea. It got recognition quite fast and gained over 650 000 Twitter followers and over 90 000 followers on Telegram. It claims to be the first interplanetary coin and also aims to undo the hard work made by frauds, schemers, and other bad actors that affected the cryptocurrency world.
The project was founded in 2021 by an anonymous team of developers. Despite many concerns about the nature of the project and the advice to investors to avoid putting their money in it, to avoid being rug-pulled or scammed, Dogelon has been on the market for almost a year reducing the chance for the token to appear as a scam. Moreover, there were airdrops of ELON coins to those members of the community that experienced rug-pulling.
In the project description of Dogelon there is a humorous comic about the adventures of a cool dog that came to Earth from the Mars of the future and explored the mysteries of the galaxy on his way. He meets friends along the way, and the stories about their adventures are published on the official website. According to the story, humans are also evolving into a multi-planetary species, so the Dogelon community is looking for opportunities to collaborate in the missions in extending human life.
Interestingly, there is not even a road map for the project, instead, the team rolled out the Dogelon adventure plan in the comic. He dreams of recolonizing Mars by 2420 and later fighting with the annihilators. Taking it as a metaphor members of the community suggested that colonization of Mars will be the listing of the Dogelon token on the biggest exchanges and the market volatility is an annihilator to fight against.
ELON is the ERC-20 token on Polygon and Ethereum blockchains. The total supply of the ELON token is 1 quadrillion, half of which was allocated to the co-founder of Ethereum Vitalik Buterin, who was trusted to be the safety grant of the asset, just as it happened with Shiba Inu. The remaining supply is held in the liquidity pool and the current circulating supply is 553 billion ELON.
Dogelon Mars Live Price Chart
Unlike most of the tokens on the market, which started recovering their value in the middle of the summer of 2021, the ELON token stayed stable, maintaining the very low price level of around $0.000000055 not only till the end of the summer but also in September. In the middle of the month, it grew to the level of $0.000000076 for a couple of days and then returned to the previous level and was trading for the same price till the beginning of October 2021.
At that time the crypto market started the bullish season with meme-tokens being affected more than other assets. From October 5 the price of the ELON token started to grow, first reaching $0.00000013 and almost doubling in the next 10 days, jumping to $0.00000026.
After staying at this level for 1 week, the ELON token price chart skyrocketed with its price becoming almost 10 times higher and hitting $0.0000022 on October 31. Even though it was still below its all-time high it made the users turn their attention to the project again. In 2 days the price almost halved going down to $0.00000013, then went up again almost reaching the previous level. The momentum was lost and the price of the ELON coin established a downward trend. The token didn’t lose its value fast and was declining while bouncing. The downtrend lasted till December 20. At that time the ELON token traded for $0.0000010.
In the last 10 days of 2021, the Elon token attempted to return its previous gains and managed to break the resistance and climb up to $0.0000016. And despite the correction at the end of the year, started 2022 at the same price level. But in January 2022 ELON was going down. By January 20 it dropped to $0.00000066, then went up and in 2 weeks reached $0.0000011 and completely gave up to the bears. By the end of February, the price of ELON was $0.00000083 and it kept declining in the first part of March.
After the first half, as the crypto market finally started to behave in a more bullish manner the price started to grow again. On March 29 the Dogelon Mars token price reached $0.0000011, went down for about 2 weeks, and then grew to the same level at the end of April, but couldn’t stay at the same level.
On May 12 when all the tokens got hit by the bears' attack, the price of Dogelon Mars tokens dropped to $0.00000055 and continued slightly declining. Another market collapse also affected ELON and it went down to $0.00000026 but stayed at this level only for 9 days. On June 2 1 the price recovered to the level of $0.00000032 and stayed at this level for another two months, disappointing a lot of project followers as it didn’t grow when the overall crypto market went up.
The recent stability of the token price at the lower level made experts doubt the future of the token. Most of them believe that in the short term it’s a pointless investment as it doesn’t show many signs of growth and in the longer term, it will probably not grant many gains.
Dogelon Mars Technical Analysis
Despite the fact that 100% accurate technical analysis for Dogelon Mars cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated ELON buy-and-sell rating for selected timeframe. The summary for ELON/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Dogelon Mars Price Prediction
Below we have collected the most reliable price projections for Dogelon Mars (ELON) from popular forecast platforms.
Dogelon Mars Price Prediction for 2023
As for Dogelon Mars price predictions for 2023, there are divergent opinions. PricePrediction.net expects an upturn towards $0.000001, and WalletInvestor echoes with ~$0.000001 by the year’s end. Other experts, for example, from TradingBeast, are more pessimistic about Dogelon Mars’s future price, citing numbers downwards of $0 in December.
Potential ROI:
5%
Buy
Dogelon Mars Price Prediction for 2024
In their Dogelon Mars price predictions for 2024, WalletInvestor’s forecasts the coin’s price to go above $0 by December. Forecasting Dogelon Mars's future, PricePrediction.net expects further growth, too, saying the Dogelon Mars price will reach ~$0.000001 by that time. On the contrary, TradingBeast keeps predicting Dogelon Mars price decline, quoting prices around ~$0 in 2024.
Potential ROI:
-3%
Sell
Dogelon Mars Price Prediction for 2025
Dogelon Mars price predictions for 2025 are still predominantly negative, with some analysts promising prices in the $0–$0 range (TradingBeast, WalletInvestor), while PricePrediction.net takes a different view and cites the possibility of the price reaching $0 in December 2025.
Potential ROI:
-57%
Sell
Dogelon Mars Price Prediction for 2026
PricePrediction.net has only pessimism in store for the 2026 Dogelon Mars price prediction, valuing Dogelon Mars at $0 by the end of 2026. TradingBeast agrees with a negative forecast and predicts, in turn, $0 for the same period. On the other hand, WalletInvestor’s team is more optimistic — their Dogelon Mars price prediction for December of this year is just $0.
Potential ROI:
-49%
Sell
Dogelon Mars Price Prediction for 2030
Speaking of long-term Dogelon Mars price predictions for 2030, experts present two polar opinions. PricePrediction.net expresses the view that Dogelon Mars price won’t grow further and, opposedly, will decline to $0. TradingBeast’s price prediction for Dogelon Mars echoes with the projection of a downtrend to $0. Despite this, WalletInvestor’s vision remains positive, promising growth up to $0.000001.
Potential ROI:
-21%
Sell
Summary
As it can be clear from the analysis cited above, Dogelon Mars (ELON) projections are rather contradictory. There is no universal consensus either about positive or negative future ELON price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Dogelon Mars projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer:
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
