Dogelon Mars - An Another Meme Coin In Bull Run.

2022-04-21 | Mike Hallen

Dogelon Mars - An Another Meme Coin In Bull Run.

Earlier a few days back, Dogecoin was Knocked off in the name of Elon Musk, while today there is another meme coin setting benchmarks again, namely Dogecoin Mars (ELON), which recorded a sharp 40% increase in just 2 days.

According to coinmarketcap, Dogelon Mars (Elon/USD) saw a sudden rise earlier on Wednesday from around $0.0000007934 to $0.000001214. Cryptocurrency came into the existence last year amid the meme coin move led by Dogecoin (DOGE/USD).

Elon is presently trading at a price around $0.000001012, down -5.94% for the day.

7-Day Elon Price Chart - Source: CoinMarketCap

It is named after Dogecoin, Mars, and Tesla Inc.`

It is not immediately clear what caused the sudden surge, but the overall crypto market is correcting itself as Bitcoin (BTC/USD) bounced back above the $42,000 price level.

At the reporting time, the leading cryptocurrency Bitcoin (BTC) is presently trading at a price of around $42,837 USD, which is 1.89% up for the day.

On the other hand, the leading memecoin currency Dogecoin is presently trading -1.63% down for the day at around $.1419. Shiba Inu (SHIB/USD), another renowned meme coin, was trading -1.8% down at $0.00002525.

The Dogelon Mars Project responded to a tweet from Musk after the boom, saying ‘Tonight is the Night’.

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