dogelon mars price prediction today: What is Mars Dogelon (ELON)?
Dogelon Mars is one of the meme coins to hit the market since DOGE experienced a big rise in early 2021. So, what is Dogelon Mars (ELON)? What is Dogelon Mars? What is the price prediction for Dogelon Mars? Let's see.
Explanation of the Dogelon Mars
After the success of Dogecoin, a cryptocurrency that started as a joke and eventually became an important player among cryptocurrency investors. There has been growth for meme coins, the crypto which is often based on the Shiba Inu dog breed seems to have little use. We have seen tokens like SHIB and FLOKI gaining followers, but not just the two coins. The Dogelon Mars named in honor of Tesla founder and DOGE supporter, Elon Musk, is one such coin.
One perhaps worrying aspect of Dogelon Mars is that it doesn't have a white paper. This is quite unusual and in fact, should be taken as a warning to potential investors. While ELON has been trading for less than a year to date, meaning there will be plenty of rug pull opportunities, it is still quite confusing given the lack of official explanation of what this coin does and what it can be used for. There is no direct way to contact Dogelon Mars or the people behind these coins.
In addition, ELON does not have a roadmap. There are no publicly available indicators of the various development points this token and the people behind it are trying to reach. Instead, visitors to the Dogelon Mars website will see a series of web comics illustrating the adventures of the titular dog who wants to achieve his goal in the universe.
In fact, there's not much use for ELON at this point, other than to keep it in your wallet and watch, hopefully, its tokens grow as well as to buy, sell and exchange tokens. Compared to other dog coins that have retail uses and the ability to stake, Dogelon Mars is not the most practical cryptocurrency. One should expect there will be utility at some stage. If and when that happens, it will have an impact not only on the ELON price, but also on the Dogelon Mars price prediction.
This token is based on the Ethereum blockchain. There is no list of founders. While this is not entirely uncommon, it can also cause concern for potential investors who want to know who created these tokens. When ELON was founded, half of the quadrillion supply was donated to Ethereum founder Vitalik Buterin, who then donated it to charities. The rest is for the liquidity pool.
Dogelon Mars . Price History
The price history of Dogelon Mars is not an indicator of future returns, but a look at the coin's journey can provide us with context for predictions of Dogelon Mars price.
ELON first entered the open market in April 2021, when cryptocurrencies and in particular, DOGE were in a bull run market. ELON was trading at $0.000000005 at the end of April 23 and is starting to rise slowly. Surprisingly, when Elon Musk appeared on Saturday Night Live on May 8 and finally described Dogecoin as a “frenzy,” this did not have a negative impact on Dogelon Mars, which instead spiked to a periodic high of $0.00000232 on May 11. The coin then declined again and when the Great Crypto Day Crash on May 19 occurred, ELON also went down. The coin spent the summer at lower numbers, hovering around $0.000000005 and $0.000000006, with one exception. On July 31, the coin opened the day at $0.000000005 before rocketing over 65,000% to an all time high of $0.00003263 and plunging again over 99% to $0.00000011. The following day experienced the same event, the coin rose more than 20,000% to reach an intraday high of $0.00002422 before losing that value and closing the day at $0.0000011.
Dogelon Mars . Price History
The price history of Dogelon Mars is not an indicator of future returns, but a look at the coin's journey can provide us with context for predictions of Dogelon Mars price.
ELON first entered the open market in April 2021, when cryptocurrencies and in particular, DOGE were in a bull run market. ELON was trading at $0.000000005 at the end of April 23 and is starting to rise slowly. Surprisingly, when Elon Musk appeared on Saturday Night Live on May 8 and finally described Dogecoin as a “frenzy,” this did not have a negative impact on Dogelon Mars, which instead spiked to a periodic high of $0.00000232 on May 11. The coin then declined again and when the Great Crypto Day Crash on May 19 occurred, ELON also went down. The coin spent the summer at lower numbers, hovering around $0.000000005 and $0.000000006, with one exception. On July 31, the coin opened the day at $0.000000005 before rocketing over 65,000% to an all time high of $0.00003263 and plunging again over 99% to $0.00000011. The following day experienced the same event, the coin rose more than 20,000% to reach an intraday high of $0.00002422 before losing that value and closing the day at $0.0000011.
Dogelon Mars . Price History
ELON then spent most of the next few months like during the summer. In early October, the coin was trading at $0.00000005201 and closed the month at $0.000002279, up more than 4,000%. The token then slowly started to decline, and closed November at $0.00000164. December was a bad month for crypto in general, but ELON wasn't the worst, closing the year with $0.000001566. Down from previous positions in late November, but still within its recent price range and much higher than most of the summer. January 2022 had its ups and downs, and while closing the month at $0.000008736, there was a slight rally in the first half of February and on February 15th, the token was around $0.0000000099. Currently, there are 553.9 trillion ELON in circulation out of a total inventory of one quadrillion. This gives it a market cap of around $548.7 million, making it the 121st largest cryptocurrency by that metric.
Mars Dogelon Price Forecast
Before looking at Dogelon Mars price predictions, it must be emphasized that long-term crypto price predictions are often wrong and use an algorithm that can change at any time.
Therefore, Cryptopolitan has a Dogelon Mars price prediction for 2022 which says that the token could average a price of $0.00000163 this year before reaching around $0.00000234 in 2023 and $0.00000357 in 2024. The site predicts the token reached around $0.00000519 in 2025 before rising to $0.00000769 in 2026. ELON will lose the decimal point and trade at around $0.00001129 in 2027, Cryptopolitan said. It rises to $0.00001593 in 2028 before closing the decade at $0.00002383. By 2030, Dogelon Mars will reach $0.00003396, according to his predictions.
CryptoNewsZ states that the coin could hit $0.000002276 at some point in mid-2022 before closing the year at around $0.000002327. However, the site points out that the overall average price for this token in 2022 will be at $0.0000195. The site's ELON price prediction for 2023 is an average of $0.0000023. In 2024, he said, the average price would be between $0.00000267 and $0.00000323, ending the year at $0.00000289. Dogelon Mars will close 2025 at around $0.0000032, while in 2026 it will be at least $0.0000035, says CryptoNewsZ. By 2030, it is estimated that the average token price will be at $0.00000413.
PricePrediction.net made a price prediction of the Dogelon Mars coin saying prices will average $0.00000147 in 2022, $0.0000021 in 2023, $0.00000302 in 2024, $0.00000452 in 2025 and $0.00000626 in 2026. In 2027, the price of ELON will be in the range of $0.0000091, according to the site. While in 2028, the zero is reduced and is worth $0.00001322. The token then ended the decade at a price of around $0.00001829. The site makes a prediction of the price of Dogelon Mars for 2030 which averages at $0.00002684 before reaching around $0.00003824 in 2031.
Lastly, DigitalCoinPrice is still optimistic, but more cautious than other forecasts. Shows ELON will trade around $0.00000139 in 2022 before rising to $0.00000151 in 2023 and $0.00000172 in 2024. The site has a Dogelon Mars price prediction for 2025 that continues to rise to $0.00000221 before the market contracts and fell to $0.00000188 in 2026. In 2027, the coin will be in a bull run market and reach $0.00000269 with continued growth to $0.00000332 in 2028 and at $0.00000422 in 2029. This token then will start the next decade trading around $0.00000476, while it will hit $0.00000529 in 2031.
Conclusion
As already pointed out, there is no legal white paper for Dogelon Mars, nor is there a roadmap of what the coin intends to do. There are many dog coins on the market and most of them have explained plans and white papers. Not that ELON is a scam, but it's something to keep in mind.
here is also no list of coin founders. Again, this isn't completely unorthodox, but it does mean that investors looking for transparency and assurance for their crypto could decide to put their money in another coin.
Third, these coins operate in small fractions of cents. This is pretty definite value for a meme coin and it means the coin could be in for a big bull run market, but still not very valuable, so on the other hand it might dissuade potential investors.
Sean William's The Motley Fool lists ELON as one of four coins to avoid like the plague in 2022, although Williams has a particularly low opinion of Dogecoin. Even so, you should still do your own research and be very careful before investing in Dogelon Mars.