Dogelon Mars is a dog-themed meme token referencing Elon Musk's vision to colonise Mars. Its goal is to reciprocate the success of other dog-themed projects such as Dogecoin and Shiba Inu. Dogecoin Mars was launched in 2021, with ELON as its native token. The team behind Dogelon Mars describes ELON as a "fair universal currency for the people and has touted it as an interplanetary currency used by space colonisers." The team seems to be keeping their word; they didn't hold a separate pre-sale or allocate tokens to themselves, so it was a fair launch.
As of today (May 12, 2022), no information is available on who the founder of ELON is, and no whitepaper is available for this project yet. Also, other than "fair interplanetary currency", we don't really have an answer for what differentiates this project from many other meme or dog-themed crypto projects like Catecoin, ShibaDoge, and Kishu Inu. Also, the name might prevent many investors from investing in it, as it sounds like a joke. But still, the successful Dogecoin started as a joke as well. This is why we advise you to always DYOR before making any investment decisions.
Dogelon Mars has a market cap of $286 million, making it rank #152 among all the crypto projects. ELON has a maximum supply of 1 quadrillion (1,000,000,000,000,000), of which 50% of it is locked in the Uniswap liquidity pool, and the other half was donated to Ethereum co-founder Vitalik Buterin. Vitalik proceeded to donate the sent ELON to various DAOs and foundations. It means all ELON holders have either bought this token from a DEX (Decentralised Exchange) or have received the tokens from Vitalik Buterin.
Disclaimer: Don't take this article as financial advice. You need to DYOR (Do Your Own Research) before investment.
At the time of writing, on May 12, 2022, ELON has a liquidity score of 56%, meaning it may not be as easy to sell during a bear market, but it won't be much of a challenge either. Dogelon Mars is currently being held in more than 151,000 wallets, and there have been more than 951,000 transactions of ELON in the past 24 hours. ELON's ROI over the last year has been -82%, which shows its underperformance in the "Meme Tokens" category. It has also underperformed compared to the entire crypto market in general, which had an ROI of 1,894% on average.
In 2022, the price of ELON is estimated to be $0.00000095 on average. It may get as high as $0.00000112, and the minimum price of ELON could be $0.00000091.
The average price for ELON is expected to be $0.00000142 in 2023. The maximum price is predicted to be $0.00000162, and it can touch a low level of $0.00000137.
The price of each ELON token is predicted to be a minimum of $0.00000196 and $0.00000242 at max. The average price of ELON in 2024 could be $0.00000202.
Experts predict that the minimum price of each ELON token in 2025 can be $0.00000294, and it can possibly touch a high level of $0.00000332. The average price for ELON is expected to be around $0.00000332.
A short answer would sadly be: No! The market cap of the entire crypto hit 3 trillion (3,000,000,000,000) not so long ago, in November 2021. Considering how market cap is calculated (circulating supply x the price) and how fully diluted market cap is calculated (maximum supply x the price), the fully diluted market cap of ELON currently is $400 million. If ELON ever hits 1 cent, the fully diluted market cap would reach 100,000,000,000,000, which is almost 33x of the market cap of the ENTIRE crypto market!
Dogelon Mars's popularity grew significantly over the past year; it grew by 1736% on Twitter and 171% on Telegram. In the span of six months, ELON's popularity grew by 101% on Twitter, 44% on Reddit, and only 1% on Telegram.
Considering the fact that there are no official whitepapers for this project and the founder or founders aren't known yet, Dogelon Mars could be a risky investment. Even with all this, Dogelon Mars has a very active and passionate community behind it, so props to Dogelon Mars for that. We recommend you take a look into other projects in this category and make your investment decision by comparing these projects together. Here at Cryptologi.st, we have provided a free screening tool and everything else you need for comparing projects and making a confident decision.
Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation, or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation, and legal advice.
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