What is Dogelon Mars (ELON)?
About Dogelon Mars
Dogelon Mars is a dog-themed token plan to replicate the result of Dogecoin (DOGE), based on Elon Musochka’s Mars colonization projects. The founders of Dogelon Mars blocked 50% of the entire ELON liquidity in the Uniswap liquidity pool. The other fifty percent was transferred to a wallet belonging to Vitalik Buterin, the founder of Ethereum.
Then Vitalik sent the donated ELON to various DAOs and funds, including the Methuselah Foundation, a non-trading philanthropic company dedicated to extending the life expectancy of individuals.
Since the group of founders did not emphasize any 1-th ELON itself, any owner of the token to date either received this asset in the dispersed exchange (DEX) or acquired it as a gift from Vitalik Buterin.
Why Donate ELON?
Since the direction of ELON has increased significantly, the beneficial use of ELON as well as other cryptocurrencies can help you save on taxes. Since the United States Tax Administration systematizes cryptocurrencies as property, this means that you do not have to pay a tax on the growth of money together with gifts and can also take away this necessary amount in your tax return.
For this reason, economic consultants advise to sacrifice more highly valued assets in the first place. Users who have made a donation and also showed their e-mail location will automatically receive a proper tax receipt.
Do not want your ELON whip to decrease? If so, buy an ELON number in the future and get these tax privileges to reimburse a share (or the whole) of your income.
How Dogelon Mars works
Dogelon Mars is an ERC-20 token created in the Ethereum blockchain. It can be purchased on the Uniswap exchange and exchanged into other cryptocurrencies on the exchange.
Most holders simply store them in a blockchain wallet, and some sacrifice tokens to victims of cryptocurrency fraud to help realize the community’s goal.
The group started the Dogelon Mars expansion projects. At the end of 2021, it was announced that shortly, the formation of crypto bets is planned together with the support of the newest disposable token $XELON. The creators are also working on the NFT collection.
What Makes Dogelon Mars Unique?
Dogelon Mars is unique in many ways. The Dogelon Mars Society has gained a reputation for helping victims of cryptocurrency scams. The Dogelon Mars Society has set itself the challenge of donating ELON coins to victims of cryptocurrency scams to reduce their losses. The community also unanimously approached Elon Leachin with a wish to help their plan.
Unlike DOGE as well as Shiba Inu (SHIB), the Dogelon Mars plan possesses galactic ambitions. Its stated goal is to be an interplanetary currency that can be used if, as I assume, active creatures populate the Red Planet as well as other lands. The immediate goal of the plan is to pay for the delivery of settlers to the Red Planet.
The development of Mars has long been considered an Elon Musochka illusion. Similarly, the founders of Dogelon Mars directly address Elon Face along with the support of this cryptocurrency meme.
In addition, the plan is accompanied by a comic fantasy regarding a dog according to the surname Dogelon, which is intended as a backstory. Chronicle comes in 2440 if the Red Planet was repopulated already after the 1st galactic trip. However, the arrival of “annihilators” threatens to destroy the comfortable life of young Dogelon on Mars, as well as someone must prepare to meet together with the danger.
In his period, Dogelon will need to return to the period and also place in the planet Territory and also begin the newest journey that can help absolutely everyone “to reach up to the stars”. The official website of “Dogelon Mars” has published several comics about Dogelon’s adventures.
Dogelon Mars Technical Analysis
The unpredictability of Dogelon Mars’s value is greater in comparison with other coins in the cryptocurrency trade. For this reason, it is difficult to provide clear monitoring of Dogelon Mars value. The ELON value data shows that the initial value of Dogelon Mars was approximately $0.0000000078. Within a week after the listing, ELON’s value rose to $0.0000000041.
In May 2021, the value of Dogelon Mars increased to a closing value of $0.0000022. By the end of September 2021, the value of Dogelon Mars Foundations to increase. By the 2nd week of October 2021, the value of ELON reached more than 6-fold significance in comparison with the initial value in the 1st period of the month.
Because of this period, Dogelon Mars has acquired excellent profitability. The present value of Dogelon Mars is approximately $0.000000158 and the unified bazaar capitalization is $87,374,061.04. The amount of prescription used is ELON 549,652,770,159,583 and the constant sales amount is $1,040,936.77 (at the time the note was composed).
In July 2021, the value of the Mars dogelon reached a multi-mark high of $0.00003263. Subsequently, up to the end of the past year, the value of ELON basics was corrected along with transient sudden wobbles. But together with the basis of 2023, the red planet dogelon has unwound its pricing dynamics and also does not stop fixing the resumption.
It is assumed that the current value of ELON will save this dynamic and also in further trading sessions. In case there will be practically no triggers in ELON, stimulated by social judgment, in this case, monitoring according to Dogelon Mars in the short-term future remains intermediate. Unexpected shoal interactions in the variant of purchases leave because of the boundary of monitoring and also forecast of Dogelon Mars cost. According to the bazaar monitoring, a bullish direction of the value is expected in the future according to the comparison together with the current trader’s sense.
Should You Buy Dogelon Mars (ELON)?
Whether or not to buy Dogelon Mars depends on your risk appetite.
Cryptocurrencies are very dangerous for investment purposes. Cryptocurrencies that do not have any utility and also accurate fullness are even more dangerous.
If the conversation is about Dogelon Mars, everything without exception regarding the plan looks unclear, apart from the obvious name – ELON. In this recognition of surnames and also try to get the creators of the plan (the presence of this female remains unknown).
Specialists according to crypto investments often recommend, excluding upcoming shocks, constantly invest in plans that have the largest index and also have a specific benefit. In this period, ELON has virtually no actual benefit, in case we do not consider its high dreams of being an intergalactic currency in the future.
For reactionary crypto-investors with the lowest risk appetite, large public blockchain projects, such as Bitcoin and Ethereum, are the most optimal for investment. Several other deep plans have important application scenarios and opportunities to form a long-term price.
The results of the latest cryptocurrency collapse are still keeping traders invested. In full the cryptocurrency bazaars are ruled by the situation of “the last scare”, which led to a rapid drop in value in almost all cryptocurrencies without exception. The cost of ELON in addition dropped more than 25% because of the past thirty days.
But taking into account that Dogelon Mars owns certain impressive memes – the dog meme, Mars exploration, and also Elon’s vision house – its value can increase if the unified situation in the cryptocurrency trade improves and traders’ risk appetite revives. But in bearish trading conditions, ELON may not be the best choice for traders.
Is Dogelon Mars a good investment?
When investing in cryptocurrencies, it is necessary to follow certain laws. Do not purchase plans that do not have an accurate representation of their own full. Do not buy meme tokens. And also do not acquire anything that is based on the dog breed Shiba Inu or Elon Lichina.
Dogelon Mars is the only one of the many meme tokens that count in the hype, as they have no real benefit – according to the last edge, until now. In the cryptocurrency community, hype can be enough for a short-term increase in value, but it is not a way to long-term success.
In case you wish to invest in cryptocurrencies, there are much better types than Dogelon Mars. Look for cryptocurrencies that are focused on solving real problems, not the problems of Mars.
In case you are looking for something ordinary, then cryptocurrency promotions have all the chances to be a good look.
Summary
Dogelon Mars is the only one of some memcoin plans with a dog theme, which will appear in 2021 after the success of Dogecoin and Shiba Inu. But Dogelon says about the biggest ambitions than others – the target of the plan is the formation of an “intergalactic currency”, which the future colonizers of the universe can use on Mars and also behind its borders. In the presence of this main token of the plan, ELON, according to the whim at the base of 2022 has not enough real alternatives for application, and certain missions of the plan nurture a humorous view.
But the enthusiasts, supporting Dogelon Mars, in the final result have all chances to focus the plan in the direction of the newest abilities, as well as additional, so and also others.