Tag Archives: elon

Will Dogelon Mars follow in the footsteps of DOGE, SHIBA?

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By: Gupta

Tiger King, Banano, Pepe Cash, Wownero. Without context, these terms sound like made-up words but they are actually meme coins. Meme coins represented a market cap of $71.5 billion, with a 24-hour trading volume of $7.8 billion. These were serious numbers for tokens considered as a joke by the vast majority of crypto investors. Dogecoin and Shiba Inu are well-recognized assets among the top 15th. However, Dogelon Mars made its presence known on October 30th. The coin registered a growth of 360%, reaching $0.000002670 from $0.000000482.

In this article, we will try to evaluate if $ELON has the same potential as its former compatriots in DOGE and SHIBA.

Doge Elon Mars; Strong Fundamentals and Market Sentiments

Source: Santiment

According to Santiment, ELON registered rising active addresses over the past week. Active Addresses is a positive sign of transactional activity and addresses were minimal during Q3 but it is currently on a steep incline. However, community involvement is more important for meme coins and it possessed an edge in that sector as well.

Source: Trading View

As illustrated by the chart above, ELON had a social dominance of 15.58%. It means 15% of the total market mentions was related to ELON. Note, Social dominance comprises more than 50+ crypto projects.

Meme token’s market strength is highly dependent on community sentiment. Hence, positive development allows for better market performance. Recently, Polygon announced it would be listing Dogelon Mars, and QuickSwap DEX also added ELON for Liquidity Provider mining. Additionally, another strong advantage for Dogelon Mars is its listing on Kucoin. Kucoin is currently the 4th largest spot exchange with over 14.5 million visits per day. In comparison, Coinbase had 15.8 million visits.

A new all-time high?

Source: Trading View

Meme tokens are difficult to predict as their rallies are extremely incoherent to the rest of the market. However, considering ELON is able to find support at $0.000001538, it should re-test its previous ATH value. Once $0.000002500 is breached, ELON will have a clear path all the way to $0.000005. Regardless, it is important to note that meme tokens are extremely volatile, and capital loss is a strong possibility. As always, Do Your Own Research.

Doge to the Moon

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The lockdown around the World is causing investors to do more online trading as a hobby and this is causing the spike in the price of a ‘joke’ in cryptocurrency! DogeCoin

Dogecoin is a cryptocurrency, a form of digital money that, much like bitcoin, enables peer-to-peer transactions across a decentralized network. One important difference: bitcoin is the original blockchain proof-of-concept. Bitcoin is ground-breaking. Bitcoin is (some believe) world-changing tech with the potential to transform how money works in the 21st century.

Jackson Palmer, an Australian started this craze when he was at a Nascar Race in California and saw this Car with a picture of a Shibu Dog on the bonnet. It was meant to be a MEME! DOGECOIN – Digital Currency and the light bulbs went off!



Palmer registered dogecoin.com domain name and decides to tweet and reach out to anyone who was interested. Billy Markus was interested, and he saw that Bitcoin source code was open source and he decided to take a break from his video games and literally wrote the cryptocurrency code just for ‘sillies’ as some would say.

It too Markus 3 hours to just write the DogeCoin Cryptocurrency code. Why was it so easy? It was a CONTROL+F BITCOIN and replaced Bitcoin with Dogecoin. Of course, there was some changes to few elements like Markus created 100 Billion Dogecoin where as Bitcoin only has 21 million. Oh! and the change in fonts too!

But the doge didn’t hit stardom as there wasn’t any miners and also there was no use of it. It wasn’t even listed in Coinbase or other trading platforms until late 2020 when Elon Musk tweet about ‘Doge to the Moon’. Musk tweets has driven the price of Doge up and it has risen over 6000%



1st January 2021 – Doge was trading at $0.00461 with a market capitalization of $726 million
1st April 2021 – Doge was trading at $0.0536 with a market capitalization of $7billion and today
19th April 2021 – Doge is trading at $0.33 with a market capitalization of $42 billion

I suspect that Doge would hit $1 by the end of the month if the same craze still holds. There are predictions it will fly to $10 once it hits $1.


If you are bored….. try invest into DogeCoin and hold for at least several months.

https://www.coindesk.com/price/dogecoin