Dogelon Mars Price Today ELON Price Chart & Market Cap

what is dogelon mars

Efforts are underway to change this, and started with a transition in April 2024 to make ELON a decentralised autonomous organisation (DAO). This operational change gives the community a more powerful role in driving innovation for the project and could lead to increases in utility. If you want to invest in crypto, there are much better options out there than Dogelon Mars.

Dogelon Mars Price Closing History by Level

There are, however, a few unique things that the Dogelon Mars developers have done. They aimed to create a fair currency, so they didn’t hold a presale or keep tokens themselves. Check out Doge Dash (DOGEDASH) — another meme coin with a dog theme. Discover what’s fueling the rise of cryptocurrency fundraising and how your nonprofit can build a successful crypto fundraising program. Donate cryptocurrency, stock and more to one of the thousands of nonprofits on The Giving Block.

what is dogelon mars

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Dogelon is a user-friendly, community-based crypto asset similar to leading meme-coin projects. Meme coins are a class of cryptocurrency often characterized by little to no utility. It is commonplace for meme coins to be backed by market sentiments, thus encouraging its community to invest for a quick cash out. Without a doubt, Dogelon Mars belongs to this class of cryptocurrency.

Will Dogelon Mars reach 1 cent?

The Dogelon Mars coin (ELON) is the token of the Dogelon Mars network. Dogelon Mars (ELON) charmed the crypto space with its Mars-colonising ambitions back in 2021 when it was launched. There’s no need to make your investment even riskier by choosing a meme token. Dogelon Mars has its supporters, but that’s not enough reason to buy it. Alternatively, you can trade for it on the decentralized Uniswap exchange.

You can buy it, sell it, and send it to crypto wallets, but that’s the case with practically every digital currency. Somewhat ironically, you can only buy them using Ethereum (ETH 1.99%). Dogelon Mars plays on several popular themes in the meme coin space. Its name is a mixture of Dogecoin and Elon Musk, the billionaire entrepreneur who is an outspoken supporter of Doge.

Dogelon Mars Price

Its only real, unique purpose is to be an interplanetary currency, meaning there’s no actual use for it. So far, it’s not even much of a planetary currency considering that you’d be hard-pressed to find anywhere you could use it as a payment method. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. Dogelon Mars price in US Dollar has increased by 15.49% in the last 1 month.

  1. In 2021, there was word of Dogelon Mars moving into the decentralised finance (DeFi) space by launching an xELON governance token that can be earned for staking ELON.
  2. So far, about 3,042 NFTs have been minted on the Dogelon Mars NFT platform on Opensea as of the time of writing.
  3. In the world of crypto, hype can be enough for some short-term price runs, but it’s not a recipe for long-term success.
  4. The coin has a max supply of 1 quadrillion (1,000,000,000,000,000).

Purchase ELON with USD, GBP, EUR, and more than 20 other fiat currencies, or trade your tokens for over 250 other cryptocurrencies, like BTC, ETH, SOL, and more. Dogelon Mars (ELON) is a meme coin with no utility except that it is used as a store of value. Although the project’s comic story highlights its vision to regain planet Mars as a home, it has neither a roadmap nor a whitepaper that explains how it intends to achieve this vision. Despite these factors, meme coins are volatile products, and their popularity can ebb and wane quickly. Macroeconomic factors in crypto markets can have an outsized effect on meme coins, as well.

Look for cryptocurrencies that aim to solve real-world problems, not problems on Mars. If you’re looking for something simple, cryptocurrency stocks could be a good way to go. There was a project announcement in late 2021 that crypto staking is planned soon via a new $XELON governance token. ELON is an ERC-20 token on Polygon and Ethereum, which is one of the most popular blockchains and the go-to solution for many decentralized applications. Its proof-of-stake consensus mechanism requires validators to stake 32 Ether to process transactions, store data and add new blocks on the Ethereum blockchain. The highest ELON price since the last cycle low was $ 0.0₆1909 (cycle high).

The Dogelon Mars founders can’t do that because when they deposited their funds into the project, they burned the tokens they received for doing so. Dogelon Mars creators have reinforced that their project isn’t a rug pull by burning the liquidity provider tokens. A rug pull is a typical cryptocurrency scam where developers pump up the value of their coin, then abandon the project after withdrawing as much of the asset as they can. However, ELON creators cannot commit a rug pull because when they deposited their funds into the project, they burned the tokens they received for doing so. This shows that although the Dogelon Mars founders are unknown, they have good intentions.

According to the website, Dogelon’s goal is to contribute to humanity’s evolution into a multi-planetary species, a galaxy-wide community based on universal freedom and peace. Dogelon Mars is a Dogecoin fork aiming to replicate the success of the dog-themed meme coin DOGE. It also intends to become the Interplanetary currency when Elon Musk’s vision of colonizing Mars comes true.

To check Dogelon Mars’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. Sign up for an account in minutes to buy crypto using credit card or bank transfer. This portal serves as a hub https://cryptolisting.org/ for all knowledge and resources related to the Dogelon Mars projects. You will find in-depth explanations, guides, and resources touching all facets of the Dogelon Mars ecosystem, from our innovative smart contracts to our decentralized applications (DApps).

It follows the path of other popular canine cryptocurrencies, such as Dogecoin, Shiba Inu, and Floki Inu. Its name is a combination of Dogecoin and Elon Musk, billionaire entrepreneur and vocal promoter of Dogecoin on Twitter. Its name also alludes to the project’s goal to fund the colonisation of Mars and to be used as an intergalactic currency when that happens. Dogelon Mars founders are unknown and have chosen to remain anonymous similar to founders of other famous meme coins. So, investors are well-advised to do due diligence with little-known coins to avoid falling victim to malicious practices like rug-pulls and exit scams. In addition to being a cryptocurrency, Dogelon Mars is also a character that stars in a comic series for sale as non-fungible tokens (NFTs).

what is dogelon mars

What is worth noting that CoinMarketCap ranks Dogelon Mars as the third most valuable meme coin after Dogecoin and Shiba Inu. Whether the Methuselah Foundation will agree to a Dogelon Mars burn remains unknown. However, the foundation might not be on the same page with those calling for a token burn. Buterin then gave 43% of the tokens he received to the Methuselah Foundation, a non-profit organization that aims to increase human lifespan.

Because of these unknowns, nobody can say for sure where ELON will stand throughout the year. If you would like to know where to buy Dogelon Mars at the current rate, the top cryptocurrency exchanges for trading in Dogelon Mars stock are currently OKX, DigiFinex, Bitget, Hotcoin, and BitMart. Dogelon Mars does not have a roadmap per se, but instead developed a fantasy version through its comics.

Once you’re set up in the App, you can fund your account easily with a bank transfer, Apple Pay, or a debit or credit card. If you use a card or Apple Pay, funds will reach your account instantly. If you opt for a bank transfer, it could take 1 to 3 business days for your funds to show up in the App. As soon as the funds hit your account, you can start buying ELON immediately. The table above shows the number of days which Dogelon Mars closed above a certain price level.

Supply, 24-hour trading volume, etc., and get updates on ELON USD price live data on CoinStats, one of the best crypto platforms around. Dogelon’s adventure plan to reach Mars is documented in a comic book highlighting each movement stage. Although the comic book has very little detail about the Mars adventure, there is a seeming relationship between the comic story and Dogelon Mars’ projected price action in the future. The live Dogelon Mars price today is $1.78e-7 USD with a 24-hour trading volume of $1,892,090 USD. The current CoinMarketCap ranking is #371, with a live market cap of $97,952,029 USD.

A set of decentralized nodes validates transactions and secures the Ethereum blockchain. Polygon is a Layer 2 scaling solution for Ethereum that allows for increased transaction throughput, meaning there are no gas wars on Polygon. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. what does it imply to reclassify an quantity dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Dogelon Mars. Dogelon Mars works by tapping from the resources of the Ethereum network—a go-to network for most decentralized blockchain applications.