Meme-coins have been extremely bullish following Shiba Inu’s entrance into the top 10 biggest cryptocurrencies regarding market capitalization. Dogelon Mars was also influenced by Shiba’s growth, surging more than 4200% in just a few weeks. Although Dogelon Mars did not set a new all-time high during the uptrend it experienced during September and October 2021, the token is still growing and there are numerous indicators that it might reach new highs by the end of 2021.
The bad things about meme-coins are their low transparency, blurry vision, and the fact that their teams give up shortly after they launch the token. However, this is not the case with Dogelon Mars. This cryptocurrency project provides the metrics of their token on their own official website. This makes people have a clearer picture of how the token is performing.
To make this even more interesting, they provide people with a backstory for their token. The main character of their story is Dogelon… Dogelon Mars. This character is the one that is aiming to aid the technological evolution of human civilization, and to do so, he created the ELON currency. This currency is seen as an intergalactic currency that is available to all beings throughout the universe.
There should always be a reason other than the profit because of which somebody invests in a meme-coin. Similar to Dogecoin, Dogelon Mars has done a great job to incentivize people to invest in its vision.
What Should I Invest In?
When considering which cryptocurrency to invest in, always make sure to do your own research since the money you are investing is yours. Our job is to make it easier for you to allocate your investments by providing our fundamental and technical analysis, however, we are not financial advisors and these recommendations are for educational purposes only.
We have six basic rules that we think everyone should follow when investing:
- Always do background checks
- Be patient
- Choose an exchange that fits you best
- Choose a wallet that fits you best
- Do your own research
- Only invest as much as you can afford to lose
Related: 6 Tips For Investing in Cryptocurrency In 2021
Conclusion: Is Dogelon Mars a Good Investment?
As for Dogelon Mars, we have several reasons to believe that this token may prove to be a good investment for you.
First off, Dogelon Mars has left early investors with huge gains, experiencing an increase of 29,000% in just some months.
Secondly, the project may be seen as more credible than other meme-coin projects since it recently became one of the top 100 biggest cryptocurrencies regarding market capitalization earlier in 2021.
Thirdly, Dogelon Mars is still a low-cap token meaning that it has a lot of room to grow. Considering that the market tends to get bullish by the end of the year, this period of time may be the best time to invest in Dogelon Mars since this token might take off.
Also Read: Dogelon Mars (ELON) Price Prediction 2022 and Beyond – Can ELON Eventually Hit $1?
Takeaways
- Shiba Inu has initiated a meme-coin season after being listed in Coinbase and surpassing Dogecoin’s market capitalization.
- Meme-coins are all about their community, and one that is doing that best is Dogelon Mars.
- Dogelon Mars ticks all of the boxes needed to be a successful meme-coin project.
- This token’s backstory serves as an incentive for people to invest in it for fun.
- All in all, we believe that Dogelon Mars may prove to be a profitable investment.