With the price of Bitcoin still rather high after the crash, many new crypto enthusiasts feel that it’s too late for them.
There’s one that might catch your fancy and might be a great option to make some quick cash. It’s considered a joke by many, but this has been the story of even the most popular cryptocurrencies.
Have you heard of Dogelon Mars? This is a memecoin that has caught on for many investors who weren’t able to cash in from the Dogecoin craze.
Here’s what you need to know about Dogelon Mars:
1. What’s the Price of Dogelon Mars?
Dogelon Mars was created in April 2021. It’s a spinoff from Dogecoin which became popular following Elon Musk’s endorsement tweets!
Dogelon Mars was created for those investors who didn’t get a chance to get in early to Dogecoin. It uses the ticker symbol ELON as a tribute to the man that started the craze.
During the final week of April 2021 the Dogelon Mars price was a mere $0.00000005 per coin! It’s now trading at $0.000000468 per coin in the first week of June 2022.
The price has increased but only gradually. This means that it’s still a worthwhile investment and hasn’t caught on as yet. On one hand, one could say this is bad news for Dogelon Mars. On the other hand, this slow growth gives more opportunities to new investors.
You can buy ELON using a crypto platform that also allows you to cash out or trade the coins.
2. Properties of Dogelon Mars
Now let’s look at some of the factors that makes Dogelon Mars stand out from other cryptocurrencies and why it might be a worthy investment.
While it has a large circulation, it has a finite circulation. This puts it in line with popular cryptocurrencies such as Bitcoin that has a set amount of 21 million coins.
In the case of Dogelon Mars, there are 1,000 trillion tokens! Approximately half of these tokens were given as a gift to Vitalik Buterin, the founder of Ethereum.
As a result, this finite amount available ensures that Dogelon Mars remains stable in an otherwise volatile market. It can also get easily traded for other popular cryptocurrencies.
3. Memecoins Have Their Place
One wonders if Dogelon Mars is worth an investment due to the stigma surrounding memecoins.
However, memecoins can also be used as a type of money. As they have little scrutiny, they’re a great way to transact if you wish to maintain your privacy and anonymity.
Memecoins often also reach niche audiences who offer valuable products and services to the market. You might get your hands on something valuable through memecoins.
Consider Dogelon Mars
Now that you know these 3 things about Dogelon Mars you can consider whether it’s a worthwhile investment.
It’s riding on the coattails of Dogecoin and has slowly gained popularity. It’s on the cheaper side but the price is rising steadily.
It’s got a finite amount so it works to hedge against inflation. It can get traded for other cryptocurrencies and will attract a talented network of professionals.
You can find more cryptocurrency tips on our blog.