Are Dogelon mars the next Shiba in coin,?
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| are Dogelon on mars the next Shiba in coin |
as doge Elon mars are one of the many dog meme tokens that are inspired by dogecoin and more precisely Elon musk the owner of Tesla and SpaceX is somewhat of a meme himself in the crypto world and is often seen posting about crypto on his Twitter account while dog elon mars have no direct relation to Elon musks himself the name sure has an influence as the Elon token now has more than 115 000 plus holders let's dive into more details about what this project aims to do.
what is dog elon mars dog elon mars is a project built on the Ethereum blockchain using the erc20 token standard this means it uses the Ethereum blockchain for security but can also create its own unique features within the token one of these features is its tokenomics fifty percent of the initial supply was gifted to Ethereum creator vitalik butter in the other fifty percent was locked into the unit swap liquidity pool the token was listed on April 22nd, 2021 through an initial dex offering the project hopes to create an intergalactic currency though plans for this have not been unveiled besides enormously vague plans.
the project is not doing much in terms of uses much of the 100 000 Elon price increase can be attributed to the community of investors the project uses Twitter and telegram to reach an audience of nearly 250 000 and encourage more investors to buy the community is very strong and offers tireless support for the token the project claims to be a fork of dogecoin though there is very little evidence to support this claim it has a much higher maximum supply and operates very differently than doge the founder of the project also claims to be named Elon though the founder is anonymous.
and no one can verify this information they may be hoping to attract more investors by suggesting that Elon musk is behind the token however it's extremely unlikely that the actual Elon musk has anything to do with this project dog elon mars beats Shiba Inu unlike Sheba doge or Cardano dog elon mars is not a meme currency this Ethereum-based token has only one goal to become the first interplanetary currency immediately you can tell that it has something special to offer compared to other currencies elon dog elon mars is more than just a new digital currency.
it's a new form of currency entirely evidently the concept of dog elon mars crypto is revolutionary and this project has a bright future ahead and nothing is stopping it, by comparison, Shiba Inu is an acute mean cryptocurrency with a cult following it's getting more and more attention every day and more and more people are investing in this meme currency, as a result, it's growing at an alarming rate which makes it an attractive investment.
dog elon mars price prediction for the year 2021 was a blast for this token if we take a look at its market performance during that year we can see that a growth bigger than 30 000 was experienced the growth the token experience during the fourth quarter of 2021 indicated that the altcoin season was starting following the growth of Shiba in and dogecoin we believe that dog elon mars is likely to trade at a price above 0.000089 during January and February 2022.
however, our forecast shows dog elon mars experiencing a dip during march potentially leaving dog elon mars doing for 0.000023 we think that dog elon mars is likely to recover by the end of the year possibly closing the year 2022 with a trading value of 0.000036 when we compare it to its current price this means that dog elon mars may experience a yearly increase of more than hundred percent can dog elon mars reach one cent many dog coins are hoping to beat the odds and reach a price target of one cent making investors rich however this is extremely unlikely in the case of dog elon mars if the token would reach one cent right now.
the market cap would be over 5.5 trillion dollars a market cap of 5.5 trillion dollars would be approximately five times the size of bitcoin and nearly double the entire crypto market this becomes even less feasible as more coins are put into circulation while a one-cent Elon would make many millionaires this price target is almost impossible to reach the max supply is simply too high to support the price target conclusion for a long-term investment dog elon mars will almost certainly depreciate.
there are no features that can back up the price and future plans are extremely vague there are many other cryptocurrencies with usable features and achievable plans however the community of investors is very strong and may pump the token further in the future this is all speculation though and no one knows where the token will go if you're willing to make a very risky investment dog elon mars may be the token for you don't expect the token to reach one cent anytime soon as this is essentially impossible.
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