2021 became the year of the meme coins boom. As many projects as never before appeared in the crypto space attracting attention of the community not by the utility, but by the cuteness and creativity of the idea. Dogelon Mars gained over 4000% in October and is still surging. Read our Dogelon price prediction to understand how the story can develop.
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Dogelon Mars Fundamental Analysis
Project name
Dogelon Mars
Stock Symbol
ELON
Current Price
5.07e-7
Current Supply
1000000000000000
Official Website
Dogelon Mars is a new meme cryptocurrency that became popular recently earning attention by the smart marketing but also thanks to its name, hype from both Dogecoin and its main supporter Elon Musk. Though the CEO of Tesla is famous for his support of new meme cryptos he never mentioned the ELON token on his Twitter or anywhere else.
The project is built around the Dogelon Mars ERC-20 token with the ticker ELON. It got no utility in the real world, instead, the project is based on the made-up story about the Dogelon dog coming from the Mars of the future and aiming to colonize the red planet again. But to do this he needs to bring the right technologies on Earth. A new and the first interplanetary cryptocurrency ELON is one of them.
On the official website of the project, the comic about Dogelon can be found. In the story, the goal of implementing a new cryptocurrency is explained by the desire of Dogelon to take people on the trip with him. The journey is supposed to take holders to the Moon and then to Mars, just as Elon Musk intends to do. Suddenly the asset attracted significant attention from the community becoming one of the main gainers in the industry.
ELON token is currently available for swapping on top exchanges including KuCoin, Uniswap, BitForex, ShibaSwap, Bitrue, 1inch Exchange, Poloniex, etc. The token had no presale before the launch, but half of the total supply was distributed to Vitalik Buterin who later donated them. The other half is permanently locked with Ether on Uniswap.
In a matter of months, ELON token joined the top-10 most purchased digital assets.
Dogelon Mars Live Price Chart
The token was launched at the end of April and was traded for $0.000000084, but shortly after that thanks to the community support it started to gain value and on April 28 reached $0.00000041, multiplying its price.
After this price surge, the token was pulled off to the previous level and was following a bearish trend till the beginning of July. At that period the price started to grow again and suddenly skyrocketed on May 12 reaching $0.0000022. The token went for a bearish run straight after that and continued to lose its value till the end of July when it suddenly hit the all-time high of $0.000041.
Skyrocketing the price was just a one-day adventure and the next day token returned to the level of $0.000000059, the price lower than on the initial stage. Token was quite stable with this price till the beginning of October when the price started to increase again along with the rapidly growing crypto market. ELON became the number 1 gainer of October increasing its value by almost 4000%, but went to the bearish rally right after hitting $0.0000024 on October 30. The price has been bouncing since then. Analysts though don’t expect ELON to continue the bullish rally on a long perspective and expect the meme token to significantly lose its value.
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 2022
As of the end of 2022, Dogelon Mars price predictions remain predominantly positive, with some analytics promising the price at about $0.000001, while WalletInvestor even cites the possibility of the price reaching $0.000002 by the end of the year.
Potential ROI:
97%
Buy
Dogelon Mars Price Prediction for 2023
According to WalletInvestor, in 2023 Dogelon Mars investors should expect price growth to $0.000003, which seems a good reason to consider Dogelon Mars as an investment option. PricePrediction.net, in turn, predicts the price increasing to $0.000001, and TradingBeast agrees with a predicted growth to $0.000001.
Potential ROI:
218%
Buy
Dogelon Mars Price Prediction for 2024
The experts are unanimous in their Dogelon Mars price forecasts for 2024 — everybody expects Dogelon Mars’s price to grow by the end of that year. PricePrediction.net predicts the price growth reaching $0.000001. According to WalletInvestor’s research, Dogelon Mars’s price can go up to $0.000004. TradingBeast’s forecast is also positive: its analysts hold the view that by 2024 Dogelon Mars’s price will be about $0.000001.
Potential ROI:
329%
Buy
Dogelon Mars Price Prediction for 2025
Both TradingBeast and WalletInvestor predict the Dogelon Mars market to grow in 2025, resulting in $0.000002 and $0.000005 by the end of the year respectively. Other Dogelon Mars price forecasts support the idea: PricePrediction.net forecasts Dogelon Mars to reach $0.000002 by December 2025.
Potential ROI:
448%
Buy
Dogelon Mars Price Prediction for 2030
Speaking of long-term Dogelon Mars price predictions for 2030, experts present two polar opinions. TradingBeast expresses the view that Dogelon Mars price will grow further and eventually reach $0.000003 by the end of the decade. PricePrediction.net’s price prediction for Dogelon Mars echoes with the projection of an uptrend to $0.000014. Despite this, WalletInvestor’s vision remains not so positive, promising a downfall to $0.
Potential ROI:
1002%
Buy
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.
