As the crypto market is taking the first steps of a comeback, some altcoin projects are not afraid to lead the rise. E.g; Dogelon Mars (ELON), BTC, AVAX and ETH recorded a solid price trend. Also, the debut of ELON on Binance Academy pages is fueling the price momentum of meme coin projects.
Dogelon Mars catches upside price momentum
On November 17, Dogelon Mars (ELON) stood out among other cryptocurrencies with an exceptional performance of 23%. Such a price increase is not entirely surprising, as the meme coin has gained a loyal following over the past few weeks. Also, cryptocoin.com There’s a lot of social excitement surrounding dog-themed cryptocurrencies.
ELON’s 20% price increase is also driven by the recent corrections of USD, BTC, and ETH Of course, rising prices for altcoin projects is never easy. However, according to analyst JP Buntinx, Dogelon Mars appears to be on the right track on this front and could even surpass the 25% daily gain level at this rate.
Binance talks about meme coin projects
Crypto traders are keeping a close eye on Binance Academy, a section of Binance dedicated to educating the masses on all topics related to cryptocurrency. One of the Binance Academy pages focuses on meme tokens with an official Dogelon Mars mention. It also ranks ELON in third place after Dogecoin and Shiba Inu. It may yield interesting results to follow, as no one is paying more attention to ELON at the moment. Additionally, there is some speculation as to when Binance will list ELON on its platform. For now, although things could change at any time, there are no clear signs yet that that will happen. So, what else could be effective in the price increase?
Does Crypto.Com power up ELON?
Crypto.com has done nothing to directly impact Dogelon Mars anytime soon, although the price momentum is not entirely unrelated. There is a lot of excitement about Crypto.com and how brand awareness is growing. According to the analyst, this could give ELON a new perspective and price momentum.
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