Its support of scientific research and space travel is novel but slightly reminiscent of DOGE. It currently does not have massive growth potential but has a strong community. The Dogelon Reddit channel has active https://cryptonews.wiki/best-collaboration-tools-for-2022-survey-results/ members on various topics concerning the meme coin. Members are also ready to answer questions and advise on ELON. Most notably, their donations helped fund the Methuselah Foundation Vascular Tissue Challenge.
- Further, the project draws inspiration from the meme coin culture and Elon Musk’s influence in crypto and space exploration.
- If dog-themed meme crypto coins enthusiasts adopt ELON, it could achieve the same feat with SHIB or even surpass it.
- This will inject fresh liquidity into the market, a feat that will likely boost demand and impact asset prices positively.
- Dogelon mars was created by an anonymous community of developers to run on the Ethereum and Polygon blockchain networks.
- There are hundreds of indicators with varying degrees of accuracy.
- The team behind the crypto describes it as a fair universal currency for the people and has touted it as an interplanetary currency used by space colonizers.
Dogelon Mars uses a humorous comic story of Dogelon, the dog giving the coin its name, as a background for its coin. Methuselah Foundation controls 43% of the world’s Dogelon Mars ($ELON). Dogelon Mars sounds like a mashup of crypto buzzwords from 2021. From a young age, Andrew Gunn immersed himself in the world of technology, captivated by the rapid advancements and their potential to transform lives. This fascination sparked a lifelong journey of exploration, research, and writing about the latest trends, innovations, and breakthroughs in the tech industry.
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The website also has an open letter from “Elon” which states the plans for the cryptocurrency. Dogelon Mars is gaining more and more traction within its community, but other than the fact that https://topbitcoinnews.org/ethereum-wakes-up-as-chinese-institution-hops-on/ it is an interplanetary currency, it does not yet have any other distinguishing characteristics. In the end, it is not all that different from any other meme coin currently available.
The first prize team gets an opportunity to continue their tissue research on the International Space Station. Online wallets are great for users looking to trade small amounts of crypto. They are less secure than hardware wallets because they need to be online. In summary, ELON holders might need to hold onto their tokens for a while and expect moderate returns. Of course, doing your own research before making any investments is essential.
- Dogelon Marss (ELON) token is among the top 10 meme coins, according to CoinGecko.
- At the time, several asset prices soared to peaks never been recorded in history.
- Then, register on a decentralized exchange mentioned below and connect your digital wallet.
- Although there are claims that the CEO of the project is a person by the name of “Elon”, there has not been any verified proof to back up the claim.
- Dogelon Mars does not have a roadmap per se, but instead developed a fantasy version through its comics.
Many investors within the crypto market have been speculating what the future price of Dogelon Mars will be as we approach 2024. Dogelon Mars is becoming a preferred choice because, being a relatively new coin, it has excellent growth space before reaching its full potential. Coin Exchanges are beginning to list the coin, making it accessible to crypto investors and boosting the demand. Its association with Elon Musk and Dogecoin also gives it some upper hand. If dog-themed meme crypto coins enthusiasts adopt ELON, it could achieve the same feat with SHIB or even surpass it.
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Interested investors can trade their crypto holdings for ELON on Crypto.com or Poloniex. Furthermore, they can link their supported wallet to a decentralised exchange like Uniswap or LATOKEN. It is currently too early for ELON to make massive price gains. It would need to have a market cap of over $5 trillion to achieve that price.
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Essentially, Dogelon Mars is a Dogecoin fork that seeks to replicate DOGE success and achieve Elon Musk’s vision of colonizing Mars. Remember, canine meme coins like Doge and SHIB have had a successful year breaking the crypto market growth records. There are currently over 551trn ELON tokens in circulation, out of a maximum supply of one quadrillion. That gave the token a market capitalisation of $179.8m at the time of writing (12 December), ranking it as the 129th largest cryptocurrency.
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As mentioned, Dogecoin and Shiba Inu grew thousands fold in 2021. This article will explore Dogelon Mars’s price predictions for 2022. Dogelon Mars produces its own wallet software that is available for download on its website, which allows you to store Dogelon Mars on your computer. The top 100 whales hold an average of 5.4 trillion ELON tokens, at an average value https://currency-trading.org/education/how-to-track-target-order-target-order-package/ of $1.47m, according to data compiled by crypto tracking service WhaleStats. On 8 September, a whale transferred 4.99 trillion ELON tokens valued at $1.39m from the Gate.io exchange to an Ethereum wallet. Users who stake their ELON or ELON/WETH liquidity pool tokens receive xELON as a reward and can use it to vote on initiatives and other decision making.
But most importantly, more and more meme coin projects have gained popularity. Although Dogelon Mars’ website promises radical developments, such as being the interplanetary currency, the company has yet to develop a viable product to make Dogelon into a viable currency. According to the anonymous creator, ELON Dogelon is a real project that will be constantly evolving. As per the website, 1 quadrillion ELON tokens were created and 50 per cent were sent to Vitalik Buterin, co-founder of Ethereum. The other half was permanently locked in the Uniswap liquidity pool. Many community members are eager for a Dogelon Mars burn as it will increase the meme coin’s price through scarcity.
The best way to do this is to get a secure personal crypto wallet. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and there’s no safety net if things go south. They deposited the remaining fifty percent of the coins into a liquidity pool that was hosted on Uniswap. First, you need to have enough fiat currency for the number of coins you want.