Tag: Dogelon Mars

Five Best Meme Cryptocurrencies To Keep An Eye On In 2022

by NEWSBTC

Meme tokens are cryptocurrencies with increased popularity within a short period. The remarkable acceptance of this type of cryptocurrency comes from the activities of retail investors or influencers. As a result, the meme cryptocurrencies have experienced tremendous growth throughout 2021. This explains the new market capitalization of the coins, which is more than 43 billion.

The meme cryptocurrencies are gaining more adoption in different sectors, of which Dogecoin and Shiba Inu are the top tokens with astronomical increases. In addition, some companies like AMC Theatres, Guaranty Escrow, EasyDNS, and others now accept Dogecoin for payment.

Related article | Only In Crypto: A Croissant Breaks Down How GameStop & NFTs Will Boost Ethereum

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Here are some of the meme tokens you can include in your digital portfolio.

Dogecoin (DOGE)

Dogecoin has taken the lead is the top and most profitable meme coin for your investment. With the influence of Elon Musk, the CEO of Tesla and SpaceX, Dogecoin, witnessed significant growth in 2021. Furthermore, the billionaire CEO, Musk, announced in December 2021 that Tesla adopted Dogecoin as one of the payment options.

Besides Tesla, other companies are interested in this fast-growing dog-themed meme coin. For example, AMC Theatre, one of the prominent theatres with the most significant number of branches, indicated its acceptance of DOGE as a payment method.

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meme tokens
DOGE currently is facing a dip | Source: DOGEUSD on Tradingview.com

The move of this number meme token has put its market cap at 22.7 billion while its price at the time of writing is $0.1582 showing a dip of 7% within the last seven days. Dogecoin had its all-time of $0.73 on May 3, 2021. Analysts predict that this meme coin will hit $1 in a few months from its price performance.

Shiba Inu (SHIB)

Shiba Ina Coin has made a remarkable increase making its way to the top ten cryptocurrencies. SHIB stands as one of the top meme tokens for profitable investment with its price performance.

meme tokens
SHIB follows a downward trend | Source: SHIBUSD on Tradingview.com

It has competitively raced with Dogecoin to emerge as ‘the most searched cryptocurrency for 2021’. Coinmarketcap gave a record of more than 188 million views for Shiba Inu as the top as Bitcoin follows behind it with about 145 million views.

This meme coin has a market cap of over $18.2 billion. Its price at the time of writing is $0.000033, indicating a dip of 2.19% within the last 24 hours. Shiba Inu hit an all-time high of $0.00008 in October 2021.

Dogelon Mars (ELON)

Dogelon Mars is derived by joining Dogecoin and Tesla’s billionaire CEO, Elon Musk, promoted Dogecoin. As a result, this meme coin has risen to be number 3 meme tokens and stands as an excellent investment means for profit.

Dogelon mars
ELON stays in red zone | Source: ELONUSD on Tradingview.com

By following the steps of Dogecoin, Dogelon Mars has become one of the top meme coins that are highly sought for. Some crypto exchanges such as Huobi, Gemini, Crypto.com now support the meme coin on their platforms.

The dog-themed coin boasts a market cap of about $869 million. Its price is $0.000001328 showing a drop of 5% within the last 24 hours at the time of writing.

Samoyedcoin (SAMO)

Samoyedcoin shares some similarities with the Solana Network. However, the meme coin enables high scalability, speedy transactions, and low fees.

Samoyedcoin
Samoyedcoin loses ground as BTC fall | Source: SAMOUSDT on Tradingview.com

Furthermore, the meme coin ensures scarcity through its token burns three times from its launch time. The last destruction in November 2021 resulted in the burning of up to 500 million SAMO tokens.

This meme coin has a market cap of about $124 million. At the time of writing, SAMO is $0.03174 showing a drop of 3.36% within the last 24 hours.

MonaCoin (MONA)

Created in December 2013, Monacoin operates as an open-source p2p network.

cryptocurrencies
MONA attempts to rise | Source: MONAWETHon Tradingview.com

This meme coin was developed in Japan as the first altcoin. It later boomed after being used in an advert for buying land in Nagano.

Related article | Why was 2021 an important year for NFT?

Monacoin currently has a market cap of about $77 million. Its price at the time of writing is $1.11, with a 1.95% dip within the last 24 hours. The meme coin had its all-time high in 2017 and is considered one of the investment tokens to boost your profit.

Featured image from Pexels, Charts from TradingView.com

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Shib Inu and Dogecoin Competitor Explodes 50% in Just One Week As Bitcoin Breaks $51,000

by Dailyhodl

A Shiba Inu (SHIB) and Dogecoin (DOGE) competitor has skyrocketed in value this week as Bitcoin and numerous other crypto projects have seen significant price increases.

The meme coin Dogelon Mars (ELON) has surged by nearly 50% in the past seven days and is trading at $0.000002 at time of writing. The 126th-ranked crypto asset by market cap appears to be derived from Elon Musk’s ambitions to bring humans to Mars.

When the token first dropped, 50% of the supply was airdropped to Ethereum founder Vitalik Buterin. Within two months of the token launch, Buterin donated his entire ELON stack to the Methuselah Foundation, a non-profit medical charity for life extension and longevity research.

ELON is also now the most traded token among the top 1000 ETH whales, according to the crypto tracker WhaleStats.

Last month, ELON’s price increased over 100% in response to a project update from the Dogelon Mars team regarding their next development stage, bringing decentralized finance (DeFi) and staking capabilities to the platform.

Other meme coins have also seen price increases this week: DOGE has surged by more than 11% in the past seven days and is trading at $0.187373 at time of writing.

SHIB is up more than 9% this week and is trading at $0.000037 at time of writing.

Bitcoin is trading at $51,045.67 at time of writing and is up more than 10% in the past seven days.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Ethereum Whales Loading Up on 10 Altcoins, Including New Shiba Inu and Dogecoin Challenger

by Dailyhodl

New on-chain data shows Ethereum whales are accumulating 10 altcoins, including an emerging competitor to Shiba Inu (SHIB) and Dogecoin (DOGE).

The Ethereum whale wallet tracker WhaleStats has compiled a list of the top 10 altcoins purchased by the 1,000 largest Ethereum wallets in the last 24 hours.

The numbers show the whales are first and foremost stockpiling ETH itself, the native crypto asset of the Ethereum blockchain.

After that, the whales are accumulating a trio of stablecoins – namely USD Coin (USDC), Tether (USDT) and Binance USD (BUSD).

Next up, the whales are accumulating the metaverse altcoin Decentraland (MANA), the Bitcoin-pegged asset Wrapped Bitcoin (WBTC) and Crypto.com’s native exchange token CRO.

Next on the list is the native token of the automated market maker Curve (CRV) and the gaming altcoin The Sandbox (SAND).

Although Ethereum whales have purchased large amounts of Shiba Inu (SHIB) in recent weeks and months, the whales are now turning their attention to the new dog-themed competitor Dogelon Mars (ELON).

ELON holds the number 10 slot on the list of the most purchased Ethereum-based altcoins in the last 24-hours.

The project is a dog-themed meme coin inspired by Dogecoin and Shiba Inu as well as Elon Musk’s ambitions to bring humans to Mars.

Source: WhaleStats

ELON cracked the $1,000,000,000 market cap barrier early this month.

It is now the 149th largest crypto asset, with a market cap of $826,955,756 and a price of $0.000002 per token at time of publishing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Dogecoin and Shiba Inu Competitor Explodes 119% in Just Seven Days, Nears $1,000,000,000 Market Cap

by Dailyhodl

An altcoin competing against Dogecoin (DOGE) and Shiba Inu (SHIB) just skyrocketed 119% in one week as meme token mania rages through the crypto space.

The project Dogelon Mars (ELON) is a meme coin inspired by Dogecoin and appears to be derived from Elon Musk’s ambitions to bring humans to Mars.

When the token first dropped, 50% of the supply was airdropped to Ethereum founder Vitalik Buterin. Within two months of the token launch, Buterin donated his entire ELON stack to the Methuselah Foundation, a non-profit medical charity for life extension and longevity research.

Yesterday, a project update from the Dogelon Mars team shared that the next stage of development will bring decentralized finance (DeFi) and staking capabilities to ELON.

“Dogelon Mars is venturing into the next phase of development, building DeFi and staking opportunities with a new contract. At this very moment, construction is underway as the community leaders introduce DeFi and a new token to the ecosystem.”

Along with the staking upgrade, the team is introducing the xELON governance token, which will be used for voting on initiatives, coordinating on protocol decision making, distributing grants from the treasury and more. xELON will be able to be acquired by participating in the ELON staking program.

After news broke that ELON would be listed on OKEx and Crypto.com, tied with the recent staking announcement, ELON erupted 119%, bringing the market cap from $426 million to $939 million, according to CoinGecko.

ELON is currently exchanging hands at $0.0000017, up 5.8% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Elon Musk-named meme token ‘Dogelon Mars’ gains nearly 4000% in October

by Cointelegraph

A so-called meme cryptocurrency named after Tesla and SpaceX CEO Elon Musk is rising in value, namely by a whopping 3,780% in October.

Dubbed Dogelon Mars (ELON), the cryptocurrency reached $0.00000233 Saturday—its highest level since May 13—after opening the month at $0.00000005 (data from Poloniex).

The massive upside move pushed Dogelon Mars’ market cap from around $26 million on Oct. 1 to as high as $1.19 billion on Oct. 30, thus making MUSK the 92nd-largest cryptocurrency in the world by market capitalization.

ELON/USDT daily price chart featuring its all-time high. Source: TradingView

What launched ELON price to the moon?

A major portion of ELON’s October gains came from its performance on Oct. 29 and 30, when the token rallied by more than 200% alongside a listing on OKEx and Crypto.com on Oct. 29.

ELON’s impressive gains come amid an ongoing retail mania across Dogecoin-like meme cryptocurrencies.

Most notable is Shiba Inu (SHIB), a Dogecoin-inspired joke cryptocurrency, which rose by more than 850% in October to attain a market cap of around $38.50 billion and even surpassing Dogecoin itself.

Top meme cryptocurrencies by market cap. Source: CoinMarketCap

Similarly, Samoyedcoin (SAMO) surged by around 2,925% to reach a market valuation of around $458 million. Hoge Finance’s (HOGE) rallied by 2,923% in October to become a $458 million asset in comparison to $15 million at the beginning of this month.

“Whenever one of these coins starts to pump a little bit, everyone starts to think this could be the next nonsensical rally,” Eric Wall, chief investment officer of cryptocurrency investment firm Arcane Assets, told the Wall Street Journal.

“It’s a casino, and it’s more fun than a roulette table.”

Bull Flag in play

The Dogelon Mars price corrected by almost 30% after topping out for the year at $0.00000233. In doing so, it formed a parallel descending channel that appeared like a Bull Flag, a bullish continuation indicator.

ELON/USDT hourly price chart featuring Bull Flag. Source: TradingView

Bull Flags appear as the price consolidates lower after a strong move upside, known as Flagpole. Typically, traders anticipate the price to break above the Flag’s upper trendline and rise by as much as the Flagpole’s height afterward.

The Flagpole’s height in ELON’s case is around $0.00000102.

Related: Bitcoin hodling rate reaches 9-month high, boosting hopes of ‘bull flag’ rally to $70K

Conversely, if the price breaks below the Flag’s lower trendline, accompanied by strong volumes, then it risks invalidating the entire bullish setup. Should it happen, ELON may fall towards its 50-hour exponential moving average (the velvet wave) around $0.00000140.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.