Dogelon Mars (ELON) is one of the top 10 meme coins by market cap. This coin, true to the meme coin culture, is based on a dog combined with Elon Musk’s name and his Mars obsession to drive hype. Being a meme coin means there’s no real utility behind the coin. You can’t vote in a decentralized autonomous organization (DAO) and you can’t stake it. What it has, though, is pure speculative value at the moment.
This isn’t necessarily bad, given how some traders, like the one who turned $500 into a million-dollar fortune with meme coins, have made a lot of money in a short period of time. However, there’s a high risk where high rewards are involved.
With a market cap of over $77 million and over 440,000 followers on X, there’s no doubt that Dogelon Mars has an upside potential among its meme coin peers. Our Dogelon Mars price prediction weighs in several aspects that affect the price, including its utility and price movements.
Dogelon Mars Price Prediction Summary
Dogelon Mars Price Prediction 2024-2030
- Our Dogelon Mars crypto price points at an average price of $0.0000001409 for 2024.
- Technical analysis shows Dogelon Mars token price could trade between $0.0000002373 and $0.0000004709 in 2025.
- Dogelon Mars coin forecast for 2030 shows it could go above $0.0000005134.
Year
Potential Low
Average Price
Potential High
2024
$0.0000001235
$0.0000001409
$0.0000001577
2025
$0.0000002373
$0.0000003541
$0.0000004709
2030
$0.0000002585
$0.0000003859
$0.0000005134
Dogelon Mars Price History
Dogelon Mars is a meme coin built on the Ethereum blockchain and its layer 2 Polygon. Similar to most meme coins, ELON’s developers are anonymous.
This Ethereum token started to trade in April 2021 at a price of $0.00000007.
ELON’s price traded relatively flat for most of 2021 until October when it started to go up and peaked at $0.0000026584 in November during the the top of the crypto bull run. This marked a 3,749% gain in just two months.
After that, the price started to steadily drop, reaching a bottom of $0.0000000954 in August 2023.
Since then, Dogelon Mars has been trading in a narrow range of between $0.0000001254 and $0.0000001405. What will the catalyst be to pull ELON out of this range remains to be seen.
- Dogelon Mars started trading in April 2021 at a price of $0.00000007
- It peaked in November 2021 at a price of $0.00000259
- The lowest price since inception was $0.000000017563 in April 2021
- ELON has a market cap of $77 million from 500 trillion tokens in circulating supply out of 1 quadrillion tokens in total
Dogelon Mars Price Prediction 2024
Another event that is viewed as positive for the whole crypto space is Bitcoin’s halving, which is estimated to happen in April 2024.
Given that Dogelon Mars is primarily a meme coin without any real utility or a product roadmap, it is very likely that it will perform well in a bull market when liquidity is high and risk aversion is low.
We already saw what happened with similar meme coins, such as Shiba Inu and Dogecoin during the previous bull run where Shiba Inu reached a peak of $0.00008845 in late October 2021, while Dogecoin reached its all-time high of $0.7376 in May 2021.
Similarly, Dogelon Mars peaked in July 2021 at a price of $0.00003263. This indicates that meme coins tend to outperform layer 1 blockchain coins and a are good leveraged bet on crypto during bull markets.
If history repeats itself and Bitcoin pulls the crypto market higher in 2024, we could see another meme coin resurgence where Dogelon Mars could trade as high as $0.0000001577.
Meanwhile, CoinCodex experts see the token trade between $ 0.0000001492 and $ 0.0000003902 during the same period, while Changelly experts see ELON peak at $0.000000230 in 2024.
Dogelon Mars Price Forecast Long Term Outlook – 2025-2030 Predictions
Bernstein analyst Gautam Chhugani said the firm expects to see Bitcoin rise to $150,000 by 2025. If this happens, the whole crypto market, including Dogelon Mars, will rally and make all-time highs.
However, the five year interval between 2025 and 2030 is likely to put the crypto market through another bull/bear cycle, meaning after seeing highs in 2025, we could see another period of low prices before we rally again into 2030.
Since Dogelon Mars is a meme coin without a roadmap or utility as of this writing, it will trade similarly to other meme coins, meaning it will likely outperform layer 1 and layer 2 blockchain coins in a bull run but just as quickly drop during a bear market.
During this period, Dogelon Mars could potentially see a high of $0.0000004709 early on and trade up to $0.0000005134 or more in 2030.
Experts at Changelly forecast Dogelon Mars token to trade around $0.00000214 by 2030, while Bitnation forecasts a maximum price of $0.00000059430218 by 2025.
Potential Highs & Lows of the Dogelon Mars Price
Dogelon Mars is a meme coin that competes with other meme coins, some of which are way more popular like Dogecoin and Shiba Inu. The latter has even started building its own ecosystem with additional coins and use cases being constantly introduced.
In the meme coin space hype is everything and new coins pop up frequently. To keep interest in the coin, ELON will have to bring some use cases to its holders.
Depending on macroeconomic factors and how Dogelon Mars token hype remains, we could see the following ELON price in the coming years:
Year
Potential Low
Average Price
Potential High
2024
$0.0000001235
$0.0000001409
$0.0000001577
2025
$0.0000002373
$0.0000003541
$0.0000004709
2030
$0.0000002585
$0.0000003859
$0.0000005134
What do Other Analysts Predict for Dogelon Mars?
We gathered the Dogelon Mars price predictions of some of the most prominent experts in the crypto space. Here’s how much they think the ELON coin will be worth in the coming years:
CryptoNewsZ experts believe Dogelon Mars will trade at an average price of $0.000000370 by 2025 and reach a maximum price of $0.00000151 by 2030. On the other hand, CoinStage is more optimistic and sees Dogelon Mars trade around $0.00000419 on average in 2025, while in 2030, the price will trade as high as $0.0000731. A slightly pessimistic scenario would put Dogelon Mars trade around $0.000000336 within 2025 and $0.00000216 by 2030, according to Changelly. Similar forecasts come from AMBCrypto where Dogelon Mars will trade at $0.0000032 by 2030 and it will keep going higher in the following years. CoinCodex forecasts Dogelon Mars to trade up to $ 0.000001099 by 2025, which is one of the most optimistic predictions. By 2030, however, CoinCodex forecasts a price drop to $0.0000009983. Dogelon Mars is a dog-themed meme coin, similar to other meme coins, that includes Elon Musk and his Mars obsession within its name. The idea was likely to cause hype by connecting these themes together, which has undoubtedly succeeded as this is a top 10 meme coin with over 3,000% gain within two months during the bull market. However, the main goal behind the creation of Dogelon Mars was to undo the damage caused by crypto scammers. When the tokens were minted, the developers sent half of the supply to Ethereum’s founder Vitalik Buterin who donated 43% to the Methuselah Foundation. Dogelon Mars holders are also encouraged to donate their funds to victims of scams. The dog, called Dogelon Mars, is also a character in a comic series that was minted as an NFT on the Ethereum blockchain. Another addition to the Dogelon Mars ecosystem is the opportunity to mint an AI-generated dog-themed NFT. All you have to do is enter a message on the website and construct the NFT. If you like the creation, you can mint it and save it in your wallet. However, there have been less than 3,000 NFTs minted out of 9,000, which shows the hype is gone at the moment and people aren’t willing to commit more funds into this project. For now, you can’t stake ELON to earn more ELON, but this may be something that could be delivered in the future. The price of Dogelon Mars is influenced by a combination of factors such as macroeconomic dynamics, news, hype, regulatory changes around the world and new features within the Dogelon Mars ecosystem. Currently, with high inflation and rising interest rates, the price of cryptocurrencies including Dogelon Mars is unlikely to make new highs. We have to wait for central banks to start cutting interest rates before liquidity can flow back into the space. Technological advancements and new use cases within the Dogelon Mars ecosystem are likely to positively affect the price. This includes adding staking mechanisms or potentially even voting rights to ELON holders. Dogelon Mars is one meme coin among thousands. Granted, it’s one of the more popular ones, but it still doesn’t justify investing in it at the moment unless you like the coin or you are willing to gamble on its success. Bitcoin and the top altcoins are likely to move first in the next bull run, while meme coins will take time before catching up. Also, with the hype switching constantly between meme coins to find the most profitable one, there’s no guarantee that Dogelon Mars will be among the winners in the next bull run. One of the best places to buy cryptocurrencies is Binance – the biggest crypto exchange in terms of trading volume. Binance does not offer Dogelon Mars as a trading option but supports over 400 different digital tokens to choose from. Some of the best large cap cryptos such as Bitcoin and Ethereum can be traded, along with popular meme coins, metaverse cryptos, and stablecoins. Binance currently hosts more than 160 million registered customers from across the globe. The platform has gained popularity due to its low fees – starting from just 0.1% per transaction. The fees can drop by 25% depending on your BNB holdings – the digital token of the exchange. It only takes a few minutes to create a new account on Binance, after which investors can access a suite of features. For instance, the swap farming feature lets traders access different crypto pairs. One can begin staking tokens and generate high APYs (Annual Percentage Yields) with the staking mechanism. Traders can also apply leverage to heighten the value of their trades. The minimum deposit on Binance is $50 for US customers. Payments can be made via wire transfers, credit/debit cards, ACH transfers, and VISA.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more. Dogelon Mars is a dog-themed meme coin that aims to cause hype using Elon Musk’s name. It also aims to help scam victims via donations. If you’re not sure whether buying Dogelon Mars is the most prudent choice at the moment, check out the best cryptocurrencies to buy. Regardless of what you choose, make sure to never invest more than you are willing to lose and to do your own due diligence.
What is Dogelon Mars and What is it Used for?
Dogelon Mars Coin Overview
Cryptocurrency
Dogelon Mars
Ticker Symbol
ELON
Rank
271
Price change 24H
1.04%
Market cap
$77,974,520
Circulating supply
549 trillion
Trading volume 24h
$5,514,288
All-time high
$0.00000259
All-time low
$0.000000017563
What Influences the Price of Dogelon Mars?
Is Dogelon Mars a Buy?
Best Place to Buy Cryptocurrencies
Conclusion
References
FAQs
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Kliment Dukovski
EditorKliment Dukovski is a cryptocurrency and investments writer. He's written over 1,000 articles to help readers understand complex crypto and investment subjects, as well as to find the best cryptocurrency products to meet their needs. His expert commentary has been featured in Fox Business, MSN Money and MediaFeed.
