Why is Dogelon Mars (ELON) crypto gaining attention?

June 22, 2022 04:38 AM AEST | By Rupam Roy

Why is Dogelon Mars (ELON) crypto gaining attention? — Image source: © Inueng | Megapixl.com

What is Dogelon Mars (ELON) crypto?

Dogelon Mars is a dog-themed meme coin similar to Dogecoin, Shiba Inu, and Floki Inu on the Ethereum and Polygon blockchains. ELON developers named the project Dogelon Mars after drawing inspiration from Dogecoin and Elon Musk.

Also Read: US mid-term polls in a year marred by inflation, fear of recession

Dogelon has managed to attract a huge fan base. Its Twitter account has more than 551,000 followers in addition to supporters on other social media platforms.

Besides the Elon Musk factor, the ELON token may have rallied due to Coinbase’s recent announcement that it has started deposits and withdrawal services for the token. On June 13, Coinbase said that its Coinbase Custody supports deposits and withdrawals for the ELON token.

Also Read: Five financial stocks to watch in Q3: FHN, Y, WRB, LPLA & PGR

CoinMarketCap.com

Bottom line:

The ELON token was priced at US$0.0000002773 at 10:09 am ET on June 21, up 7.67%, while its volume for the last 24 hours decreased by 22.14% to US$7.46 million. It has a market cap of US$152.20 million, and its fully-diluted market cap is US$276.37 million.

The token has a maximum and total supply of one quadrillion, and its current circulating supply is more than 550.60 trillion. It returned gains of 452.8% in the last 12 months.

The ELON crypto saw the highest price of US$0.0000005173 and the lowest price of US$0.0000002228 in the last 30 days.

Also Read: Top agri stocks to watch amid rising prices: ADM, CTVA, MOS, BG & CF

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.