Dogelon Mars (ELON) has become one of the top coins for October. Interest in prank coins broke new records last month. Dogelon Mars is often confused with Shiba Inu and Dogecoin as it is named after the richest man in the world, hence the exchange name ELON. It is said that the project got its name from the capital Mars, namely Dogelon Mars.
ELON describes itself as “a meme coin,” but it was released as a real project with the mission of being the first interplanetary currency that could be used to transport settlers to Mars. So how did ELON perform on its journey to Mars?
ELON has become one of the fastest growing projects of this year. With an initial release date of May 2021, the project has over $100,000 ELON holders. It started this month by celebrating its 100,000th owner. With more than 10,000 users joining the ELON network in just 48 hours, this number has reached 100,000.
In the list published by Crypto.com on October 29, the list of Dogelon Mars (ELON) was announced. ELON now has more than 150 cryptocurrencies supported by Crypto.com.
Crypto.com app users will now be able to buy ELON at real cost with fiat, including USD, EUR, GBP and more than 20 fiat currencies. On the other hand, cryptocurrency, spot & derivatives and bitcoin exchange OKEx also listed Dogelon Mars (ELON).
Dogelon Mars (ELON) originally started on Polygon, a protocol for building and connecting Ethereum-compatible blockchain networks. ELON holders can now quickly trade and collect rewards.
Dogelon Mars: Future events
The use of Dogelon Mars is expanding outside of the crypto universe. Project ELON will be shown at the #68 NASCAR drive in Phoenix, Arizona on November 6. Joining forces with the Methuselah Foundation, a medical charity, Dogelon Mars has announced its plans for the future. In the coming weeks, Dogelon Mars plans to step into the DeFi and NFT ecosystems.
According to the announcement, in the coming weeks, ELON will launch the xELON token, which marks the beginning of its journey in the DeFi universe. xELON will serve as the interplanetary currency in the Dogelon Mars ecosystem and is expected to assist the ELON token in various ways.
There is no clear date when xELON will be released. The development team announced that ELON holders will soon be able to stake ELON tokens to receive xELON. Additionally, the xELON token will allow its holders to participate in various components of the Dogelon Mars ecosystem as it expands from 2021 to 2022 and beyond. As the launch of xELON approaches, the project has finally introduced the ELON NFT collection.
Dogelon Mars (ELON) became one of the highlights in the crypto space in October. It has managed to get into the top 100 tokens in the last 30 days. Gains have slowed after soaring profits and ELON seems to be backing down at the moment. In the last 24 hours, ELON has lost over 20% as the so-called space settlement cryptocurrency was trading at $0.000001474 at the time of writing. With this loss, ELON’s place in the list also declined and became the 120th largest cryptocurrency with a market capitalization of $842 million.
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