If you’re wondering “can Dogelon Mars reach 1 cent,” keep reading for our full breakdown of this crypto coin.
A relatively new project, Dogelon Mars (ELON) saw huge price increases throughout 2021, with some cryptocurrency traders believing that there are still plenty of opportunities for further growth.
Other advanced traders, however, see Dogelon Mars as a very risky investment.
Often based on internet memes, puns, or trending jokes on social media, coins like ELON are characteristically volatile.
But could this crypto canine currency soar to intergalactic levels?
Follow along to find out.
History of Dogelon Mars
In order to answer the question, “can Dogelon Mars reach 1 cent,” we should first look at the history of Dogelon Mars.
Launched in April 2021, Dogelon Mars is a micro-cryptocurrency that was built on the Ethereum blockchain.
Many believe the name connection with Musk was designed to attract plenty of early 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’s security, preventing digital asset theft and protecting the community-based coin.
The project says that it is a fork of 2013-launched Dogecoin, one of the most popular meme coins.
Similar to Shiba Inu, half of the initial supply of Dogelon Mars was given to Vitalik Buterin (the creator of Ethereum), who later donated his coins.
The remaining 50% was added to the Uniswap liquidity pool, locked forever with Ether.
The project hopes to become the first-ever intergalactic currency, though enormously vague plans cast doubt.
More on ELON
While financial advice often warns about the possibilities of scams associated with crypto, and various cons have chased retail clients away, Dogelon Mars has thus far proved itself as a meme coin.
When it launched, Dogelon Mars Elon wasn’t listed on many cryptocurrency exchanges.
Today, however, it 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 traders prefer to buy Dogelon Mars through decentralized exchanges, such as Uniswap and Gate.io.
Fortunately, there are multiple platform options to accommodate traders looking for alternatives.
How to Buy ELON
First, you want to find an exchange that trades ELON.
Find the tradable currency pairs with ELON, and buy.
Then, you can swap these coins for Dogelon Mars coins.
A popular method that many traders are using is buying Ethereum-based coins with low gas prices, such as Stellar Lumens (XLM), and moving them to their preferred exchange to swap for ELON.
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Dogelon Mars Market Capitalization
Following its October peak, Dogelon Mars Elon had a market cap greater than one billion USD.
That is, the total market value of the circulating supply was more than a billion dollars.
Today, the market cap lies at around $850,830,301, with a total supply of more than 500 trillion tokens.
At one point, Dogelon Mars made it onto the list of the top 100 cryptocurrencies ranked according to market capitalization.
Despite the huge market caps, Dogelon Mars has slipped off the top 100 list, ranking at 123.
Can Dogelon Mars Reach 1 Cent: Current Dogelon Mars Price
The current price of Dogelon Mars, as of early December 2021, is around $0.000001495.
This is a drop when compared to previous months.
However, it’s important to note that we are seeing a slump in crypto across the board right now, so this isn’t anything specific to ELON.
Dogelon Mars Price Prediction
Nailing down an accurate price prediction is difficult at this time, as crypto, in general, is seeing a downward trend.
So we’re going to break down what it could look like if we see the market stabilize to when these predictions were initially made in October and November.
Before the recent crypto downturn, some experts believed Dogelon Mars could have a value of $0.000002 by the end of December 2021.
Moving into 2022, prices are expected to reach $0.000003 within the first six months, then closing the year at a maximum of $0.000004.
Forecasts suggest that 2023 could see a similar pattern, rising to $0.000005 in the first half of the year and then ending at a maximum of $0.000006.
Expert analysts suggest that the end-of-year value for 2024 could reach $0.000008, and $0.00001 by the end of 2025.
It’s expected that prices of Elon 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.
Also, even if the market does stabilize these predictions still may not occur.
Is ELON a Good Investment?
While it’s impossible to provide fail-safe investment advice regarding Dogelon Mars (or any other meme coins for that matter), an increasing price target means it could be a good long-term investment.
Because of the current slump, new investors may not see profits (if any) for quite some time, assuming the coin does go up again.
Much of Dogelon Mars’ current success has come from online hype on social media platforms and jokes within crypto communities.
Future plans for Dogelon Mars are unclear.
A big part of the currency’s ongoing success, therefore, comes down to a committed community.
As with any investment, be sure to do thorough research and seek financial advice before making a final decision.
Can Dogelon Mars Reach 1 Cent?
The question in many people’s minds is whether Dogelon Mars can really reach 1 cent.
This is virtually impossible at this time.
If Dogelon Mars did ever reach $0.01, 1 billion Elon would have a value of $10 million.
Keep in mind that if this happened immediately, the market cap of Dogelon Mars would become almost double that of the total cryptocurrency exchange market!
Along with Shiba Inu, Dogelon Mars was, surprisingly for many, one of the best performers towards the last quarter of 2021.
In October, it soared a huge 4,000%.
Ethereum and Bitcoin similarly reached record highs on the cryptocurrency exchanges in October 2021.
While most major Cryptocurrency projects are volatile investments, the popularity of Dogelon Mars continues to draw in new investors.
The highest price of Dogelon Mars reached to date is $0.00000228.
Can Dogelon Mars Reach 1 Cent: Final Words
While Dogelon Mars may not be able to reach one cent, there still might be some more gas in the tank for this crypto coin.
If you choose to invest, keep in mind that nothing is a sure thing, and these digital assets come with a lot of risk.
Make sure to do your own due diligence and only invest in what you can afford to lose.
Dogelon Mars FAQ
Here are our answers to the most common questions about Dogelon Mars.
Is Dogelon Mars Legit?
Dogelon Mars is a real cryptocurrency that has withstood the test of time, so it does appear to be legit.
While it may be a meme coin, it does have an enthusiastic base of owners — similar to Shiba Inu.
Can I Buy Dogelon Mars on Coinbase?
Currently, you cannot purchase Dogelon Mars on Coinbase, but this may change in the future.
Will Dogelon Mars Go to Coinbase?
Because Dogelon Mars is on the Ethereum chain, we may see it traded on Coinbase one day.
What Platform Can I Buy Dogelon Mars?
You can buy Dogelon Mars on: