A meme coin surged in market capitalization after a surprising price move, making it one of the top 100 cryptocurrencies. We examine the ascension of Dogelon Mars (ELON)…
Meme coin is ranked 93rd
Dogelon Mars (ELON), inspired by Dogecoin, Mars and Elon Musk; It has experienced an increase of 3,800 percent in the last month and 335 percent in the last week. This increase in price was also reflected in the market value. Reaching a market value of $ 1.2 million, ELON became one of the top 100 cryptocurrencies with its market capitalization and rose to 93rd place.
However, this rise of the meme coin has met with skepticism from community members and experts. Many people reported that they were unable to sell the token, so the project is considered a “scam”. ELON is changing hands at $0.00000218, up 9.3 percent at the time of writing. The coin hit an all-time high of $0.00000259 yesterday and has since lost as much as 16.8%.
Meanwhile, cryptocoin.com As we have also reported, the meme coin war continues in the top 10. Popular meme coin Shiba Inu (SHIB) recently displaced Dogecoin (DOGE), the ancestor of meme coins, and moved up to ninth place. DOGE is in tenth place.
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