Meme coins are not trolling cryptocurrencies anymore in this highly volatile cryptocurrency market. Popular meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) are transforming themselves into serious cryptocurrencies with millions of crypto investors interested in coins. SHIB and DOGE have revolutionized meme coins and become inspirations for other meme coins such as Dogelon (ELON). Dogelon Mars has successfully gained popularity within a short period of time in the cryptocurrency market. Although meme coins like SHIB, DOGE, and ELON do not have any real-life use cases, crypto investors have high hopes to drive profit in crypto wallets in the nearby future.
Though the cryptocurrency market experienced drastic crypto crashes in May-June 2022, meme coins have strived and increased their prices with some effective strategies. Dogelon or ELON is expected to be the next big name in the meme coin community. At the time of writing, the current ELON price is US$0.0000003484 with a market capitalization of US$196,340,560 and a volume of US$1,926,051. There is a maximum supply of 1,000,000,000,000,000 ELON in the entire cryptocurrency market.
Dogelon Mars is the combination of Dogecoin and Elon Musk with a twist of Mars showing that it will experience a massive upward movement in the market. Crypto investors tend to follow Dogecoin as well as Elon Musk for his massive cryptocurrency influence and his love for Dogecoin. The ELON meme coin is growing at an increasing rate such as 6.15% overnight. It has formed a symmetrical triangle pattern for more than 62 days on the current price charts to attract the attention of crypto investors. Dogelon Mars helps crypto scam victims with ELON tokens to get better in the cryptocurrency market.
Crypto investors speculate that there may be a breach to make ELON price reach US$0.0000006448 in the nearby future. The breach will come if the bulls keep it constant with the positive price momentum of the Dogelon Mars. There are also speculations that there can be a resistance to the meme coin at the US$0.000000502. As soon as Dogelon is ready to breach the resistance zone, the Dogelon price will increase at an increasing rate.
Yes, there are some external major factors affecting the global cryptocurrency market such as inflation, recession, pandemic, war, and many more. Despite those factors, Dogelon Mars is thriving in the market while holding its strong position for short-term crypto investors. We have to wait and see how ELON will beat DOGE and SHIB as another meme coin to drive profit efficiently in the nearby future.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.