CoinMarketCap takes a deep dive into Dogelon Mars (ELON), a dog-meme token that has taken over many of its rivals and is expected to lead the dog-coin race.
Dogelon Mars (ELON) is one of the many dog-meme tokens that is inspired by Dogecoin and, more precisely, Elon Musk. The owner of Tesla and SpaceX is somewhat of a meme himself in the crypto world and is often seen posting about crypto on his Twitter account. While Dogelon Mars (ELON) has no direct relation to Elon Musk himself, the name sure has an influence, as the ELON token now has more than 115,000+ holders.
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How Does Dogelon Mars (ELON) Work?
Dogelon Mars has been created on one of the world's most popular blockchains - Ethereum. The token’s 50% supply was gifted to Vitalik Buterin and the rest is locked on Uniswap.
Dogelon Mars (ELON) works pretty much the same as any other ERC-20 meme token, however, its popularity has allowed it to be ranked just below DOGE and SHIB coin, as per CoinMarketCap’s top meme tokens.
The Fantasy Story Behind Dogelon Mars (ELON)
The story of Dogelon Mars sets in the year 2040 on the lovely red beaches of Mars where he was born and lives with his family. Together, with his friends & family, they turned their burgeoning colony into a technological powerhouse that would benefit all species in the cosmos.
However, this advancement wasn’t meant to go on for a long time, as the annihilators arrive and begin their attack on the community. As a result, Dogelon Mars travels back through both time and space to planet Earth, where he intends to seek safety and embark on a new voyage.
In the greater vision of things, Dogelon realizes that to help humanity's technological growth, he first has to create interplanetary money that could be used by all civilizations while also integrating the rapidly approaching era's space-age technology.
Eventually, with the help of his newfound allies, he tries to repopulate Mars and turn it into the prosperous hub that it was always meant to be. As his trip across the cosmos is about to begin, he sends a final signal to the inhabitants of Earth:
‘’I am Dogelon. Dogelon Mars. Join me and together we will reach the stars’’
Dogelon Mars (ELON) Roadmap
The roadmap of Dogelon Mars (ELON) is not written in what you call 'official' terms. Instead, the website of the ELON token has developed a fantasized version of it. It says that in the year, 2420, Mars will be re-colonized and its future plans will be discussed. After re-colonization, the annihilators will come again and the young Dogelon will have to fight to keep alive.
If the “secret words” used in the fantasy roadmap above are anything to go by, then the roadmap of Dogelon suggests that after its listing on all major exchanges, the price of ELON will reach Mars (moon). However, after that, the Annihilators, meaning the crypto market volatility, will come into play and the Dogelon Mars community will have to fight against them to make sure that their token remains on Mars, i.e. keep growing in value.
Unique Features of Dogelon Mars (ELON)
50% Supply Gifted to Vitalik Buterin
A similar strategy as the Shiba Inu (SHIB) token, however, this strategy is now somewhat of a signature feature of the ELON token.
ELON - The Meme Lord Name
It is a fact that one tweet from Elon Musk has the power of disrupting the technical analysis of all crypto experts out there. Having a powerful name, such as ELON, as your ticker symbol is a great feature and can help the project grow further.
Dogelon Mars (ELON) Tokenomics
According to its tokenomics, 50% of all token supply of Dogelon Mars (ELON) was sent to Vitalik Buterin. The other 50% token supply is locked permanently in the Uniswap liquidity pool. The maximum supply of ELON tokens is 1,000,000,000,000,000 and the current circulating token supply is 555,841.79B ELON.
Where To Buy Dogelon Mars (ELON)?
Currently, the ELON token is available to buy on KuCoin, Uniswap (V2), Gate.io, Poloniex, LBank, Uniswap (V3), ShibaSwap, and many other cryptocurrency platforms.
Dogelon Mars (ELON) Price
Dogelon Mars (ELON) is now trading at around $0.000001302, as of Nov. 26, 2021. Its 24-hour trading volume on exchanges is around $67,439,108.59.
Dogelon Mars (ELON) Price Prediction and Future Outlook
As highlighted above, the ticker symbol of the token, i.e. ELON, is a major key point of this token. Why? Because Elon Musk is quite popular in the world of crypto. The man does one tweet and the crypto market bows down to the owner of SpaceX in a matter of hours. This was seen in early 2021 when Elon Musk claimed that Tesla is halting payments of Bitcoin due to the ‘environmental’ concerns that are sprouting up from its mining. Following this announcement, Bitcoin took a nose-dive. So the question here is that if one tweet from Elon can disrupt the giant known as Bitcoin, can it also uplift or downgrade the ELON token? The answer is yes, however, since its ticker is ELON, the sentimental value might enlighten Elon Musk to side with the token and take the price to the moon!
The second factor that may decide the fate of the ELON token is the co-founder of Ethereum and the holder of 50% of ELON tokens - Vitalik Buterin. There can be two scenarios in this case. Either Vitalik Buterin donates ELON to a charity or something like he did with SHIB tokens or he sends them to a burn wallet. The donating phenomenon may harm the ELON token in the short term, however, it will increase ELON’s holders over the long run and cause the price to skyrocket - as can be seen in SHIB’s case. On the other hand, if Vitalik Buterin decides to burn the tokens which literally means that the supply of ELON will decrease and the demand will increase, causing the price to go to Mars, thus fulfilling the mission of Dogelon. So, it is kind of a win-win situation for ELON holders in this scenario.
It must be noted that the ELON token is currently ranked at #126 in the whole world with a market cap of $676,124,712. It ranks only below SHIB and DOGE - two meme-tokens that have a lot of holders and a huge social media community behind them. So, according to the crypto analysts and experts, if SHIB and DOGE make a big move, ELON is most likely to follow.
Recently, the metaverse tokens have blasted through the sky, many thanks to the tech giant, Facebook renaming itself to Meta. A coin called MANA has been one of the leaders in the meta coins race to infinity. However, recently the ELON token flipped MANA to become the most traded token in the top 1,000 ETH rich list. This is good news for ELON holders as more trading activity may be an indication of a bull run.
In the end, it must be noted that the ELON token is a memecoin, and it is a fact that the speed at which memecoins go up and come down is almost the same. However, this only means that you need to be cautious before investing in this token. Our advice is to keep following crypto technical experts and invest only what you can afford to lose.
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