Can Dogelon Mars Reach 1 Cent

Dogelon (ELON) was a breakout cryptocurrency that skyrocketed in value during 2021 before seeing a sudden drop. Only will Dogelon Mars reach 1 cent? Read on to find out if this crypto coin however has some gas in the tank.

What Is Dogelon Mars?

Launched in Apr 2021, the Dogelon Mars coin is a micro-cryptocurrency that was built on the Ethereum blockchain.

The Dogelon Mars cryptocurrency is named after
Tesla

CEO Elon Musk, who too founded
SpaceX
. Many believe the name connection with Musk was designed to concenter plenty of early on investors.

Known for his crypto passion and aims to reach Mars, Elon Musk, in name at least, has helped Dogelon Mars to surge in popularity, benefit from social media hype, and entice more investors.

ELON uses Ethereum’due south security to prevent digital asset theft and protect the community-based coin. The projection says that information technology is a fork of 2013-launched
Dogecoin
, one of the most pop meme coins.

Like
Shiba Inu
, half of the initial supply of Dogelon Mars was given to Vitalik Buterin (the creator of Ethereum), who afterward donated his coins. The remaining fifty% was added to the Uniswap liquidity pool, locked forever with Ether.

Though enormously vague plans cast dubiety, the Dogelon project hopes to become the commencement-ever interplanetary currency.

More on ELON

While scams are common in the
crypto

space and various cons take chased retail clients away, Dogelon Mars has thus far proved itself every bit a meme coin.

When it launched, Dogelon Mars Elon wasn’t listed on many cryptocurrency exchanges. Today, however, information technology is featured on a number of both centralized exchanges and decentralized exchanges, which list a variety of major cryptocurrency pairs.

It’s fairly easy for anyone from a skilled
bitcoin buyer

to a novice investor to buy Dogelon Mars Elon tokens through centralized exchanges like Poloniex, Gate.io, HotBit, and AOFEX.

Although more complicated, advanced cryptocurrency traders adopt to buy Dogelon Mars through decentralized exchanges, such equally Uniswap and Gate.io.

Fortunately, at that place are multiple platform options to adapt traders looking for alternatives.

Is Dogelon Mars a Pump and Dump?

Dogelon Mars does not appear to be a pump and dump. Regardless, meme coins have the potential to see some class of pumping. So it would exist wise to approach any investment in meme coins with circumspection.

How to Buy ELON

Right now, the easiest way to become a hold of Dogelon is through cryptocurrency.com. It’s accessible to nigh crypto investors and has a solid reputation.

In that location’s also KuCoin, but the platform is non licensed to operate in the US, which could be dicey. To exist clear, KuCoin has earned a solid reputation overseas, but the repercussions for trading on an unlicensed exchange are murky.

A popular method that many traders are using is buying tradable currency pairs to swap for ELON. The favorites are Ethereum-based coins with low gas prices, such as Stellar Lumens (XLM).

Dogelon Mars Market Capitalization

Following its October elevation, Dogelon Mars Elon had a market cap greater than one billion USD. That means the total market value of the circulating supply was more than a billion dollars.

Estimates vary, stating that 1-500 trillion tokens are in circulation on whatsoever given day. At 1 point, Dogelon Mars fabricated it onto the listing of the top 100 cryptocurrencies ranked according to market capitalization.

Despite the huge market caps, Dogelon Mars has slipped off the tiptop 100 list in 2022.

What’s the Current Dogelon Mars Toll?

The current Dogelon Mars ELON price is around $0.0000005159 — a far cry from its all-time high and so far is $0.00000259.

However, it’south important to annotation that nosotros are seeing a slump in crypto across the board correct now, so this isn’t annihilation specific to ELON or other meme coins.

Even the crypto king Bitcoin has taken an enormous hitting (a few decimals from beingness downward l%).

Dogelon Mars Price Prediction

Giving a fair Dogelon Mars toll forecast is difficult at this fourth dimension, equally crypto, in general, is seeing a downward trend. So we’re going to pause down what information technology could await like if we encounter the market contrary into another balderdash run.

Before the recent crypto downturn, some experts believed Dogelon Mars could have a value of $0.000002 by the terminate of December 2021.

Moving into 2022, prices are expected to attain $0.000003 within the first six months, and so close the year at a maximum of $0.000004.

Some Dogelon Mars price predictions anticipate that 2023 could see a like blueprint, ascension from a minimum toll of $0.000005 in the showtime one-half of the year and then catastrophe at a maximum price of $0.000006.

Some skilful analysts also believe that the terminate-of-year value for 2024 could reach $0.000008, and $0.00001 by the end of 2025.

It’s expected that ELON’s toll could continue to gradually rise year after year, with a price prediction for 2030 of an average of $0.00004588.

Though, if the crypto market doesn’t stabilize to previous levels, these predictions may not hold.

Likewise, even if the market does stabilize, these predictions still may not occur.

Is ELON a Good Investment?

Meme coins like Dogelon Mars are very volatile, significant that they will probable just entreatment to traders with a high-risk tolerance. New investors may not see profits (if whatsoever) for quite some fourth dimension, assuming the coin does go up once again.

Correct now, the coin’s cost is so far downwards that it’s likely that just early investors are in the dark-green.

Here’southward what the charts look like, courtesy of CoinMarketCap:

Much of Dogelon Mars’ electric current success has come from online hype on social media platforms and jokes within crypto communities.

Future plans for the Dogelon Mars token are unclear.

A big office of the currency’s ongoing success, therefore, comes down to a committed community. This could, understandably, scare some investors away who want to invest in a coin with a clear roadmap and utility.

Can Dogelon Mars Achieve 1 Cent?

The question in many people’s minds is whether Dogelon Mars can actually reach 1 cent. Unfortunately, this is nigh impossible at this time.

The marketplace cap of Dogelon Mars would go almost double that of the full cryptocurrency commutation marketplace to hit this price target.

Currently, the simply viable path for Dogelon to reach an average price of 1 cent is through a coin consolidation. Many cryptos that have a massive number of coins in circulation are consolidating their coins and rolling out a V2 — or even V3. SafeMoon is a notable instance.

Nonetheless, plenty of folks are even so property out promise due to ELON’southward performance in 2021. Along with Shiba Inu, Dogelon Mars was, surprisingly for many, one of the best performers in the last quarter of 2021. In Oct 2021, ELON soared past 4,000%.

Ethereum and
Bitcoin

similarly reached record highs on the cryptocurrency exchanges in Oct 2021. Simply these are both downwards as well.

Volition Dogelon Mars Go Upwards 2022?

Unless the trajectory changes, information technology’s hard to tell if Dogelon Mars could start trending upwards. Its momentum seems to exist largely tied to its sibling meme coins. If they don’t bounce dorsum, it’s hard seeing ELON flying loftier on its own.

You might exist able to leverage its volatility for a swing trade. Just with ELON’s downward trend, you’d need to execute some solid marketplace timing.

Many meme coins are in this boat right now, and maybe we’ll see a reversal when the next canine crypto takes off.

Does Dogelon Have a Hereafter?

Meme cryptos like the ELON money are heavily dependent on community hype. In that location notwithstanding seems to be a lively online presence that could spell hope for this troubled crypto coin.

Its older brothers SHIB and DOGE have gained momentary momentum, only to lose steam. Dogelon might follow suit and run into temporary price hikes, but it might never take hold of its 2nd current of air.

Nothing is certain, and coins backed with loyal communities are hard to predict. But ELON volition likely demand to see some steady growth before investors are ready to get back on the transport.

Can Dogelon Mars Achieve 1 Cent: Final Words

While Dogelon Mars may not be able to reach $.01, there still might be some more gas in the tank for this crypto coin.

If you lot choose to invest, keep in mind that naught is a sure thing, and digital tokens like these are a very risky investment.

Make sure to do your own due diligence and only invest what yous tin can beget to lose.

Dogelon Mars FAQ

Is Dogelon Mars Legit?

Dogelon Mars is a real cryptocurrency that has withstood the test of time, and then information technology does appear to exist legit.

While it may be a meme coin, it has an enthusiastic base of owners — similar to Shiba Inu.

Can I Buy Dogelon Mars on Coinbase?

Dogelon Mars is not available on Coinbase at the moment. It takes a while for meme coins to get traded on this crypto substitution, then information technology’south anyone’s estimate if or when this will change.

Where Can I Buy ELON Mars?

You can purchase Dogelon Mars directly on any of these services:

• KuCoin
• Uniswap
• Gate.io
• OKEx
• Hotbit
• Cryptocurrency.com

Is Dogelon Mars a Good Crypto to Buy?

If you believe in ELON and in buying the dip, Dogelon Mars could exist a good buy. That being said, it’s been on a downwards trend for months, and in that location’s no telling where the floor is going to settle.

What Price Will Dogelon Mars Reach?

Considering of the down trend we’re seeing in crypto right now, it’south difficult to predict what price Dogelon Mars could reach. Before the drop, some predicted that Dogelon would achieve $0.000003 inside the first one-half of 2022.