Why is Dogelon Mars (ELON) crypto gaining attention?

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

Highlights:

  • Elon Musk has said that he would keep supporting cryptocurrencies.
  • The ELON crypto returned over 452% gains in the last 12 months.
  • The ELON’s highest price in the last 30 days was US$0.0000005173.

The social media hype of meme-coins has attracted many people to these crypto assets. For instance, Dogelon Mars (ELON) has been gaining traction lately, riding on the popularity of Dogecoin (DOGE), a meme coin whose one of its biggest supporters is Elon Musk.

The ELON crypto soared 7% on Tuesday morning after Tesla CEO Elon Musk’s remarks on Sunday that he would keep supporting cryptocurrencies. DOGE also rose over 12% after his comments.

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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.

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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.

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Why is Dogelon Mars (ELON) crypto gaining attention?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.

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