The cryptocurrency market is one of the most volatile markets out there at the moment. Keeping that in mind, you should always invest with caution. Before investing, always spend some time researching the project that you want to invest in. Moreover, always invest only as much as you can afford to lose. Investing in the cryptocurrency market can be extremely profitable, however, it can also lead to huge losses.
On one hand, we have investors who invested in projects they trusted and held onto them even during market corrections. While on the other hand, we have people who invested carelessly and sold when there were market crashes. This leaves us with two kinds of people, those that made profits and those that were left with losses, with the latter being the ones who lost.
In 2021, the cryptocurrency market experienced some huge price movements, and most were positive. With all the hype and the attention around this market, new meme-coins began emerging. One of these meme-coins is Dogelon Mars – a token hosted on Ethereum. Nevertheless, don’t let the name fool you; this project is quite serious.
What is Dogelon Mars?
Dogelon Mars was launched in the Ethereum blockchain earlier this year. When it first rolled out, the token did not get much attention because of its competitors like Dogecoin, Akita Inu, Kishu Inu, and Shiba Inu. However, as time passed by, this project began surpassing its competitors one by one.
Although Dogelon Mars is still far away from surpassing Shiba Inu and Dogecoin, it has surpassed most of its other competitors. Realistically speaking, comparing Dogelon Mars with Shiba Inu and Dogecoin is not fair since these two have spent much more time in the market. Shiba Inu has been around for twice as much time as Dogelon Mars has, while Dogecoin joined the market in 2013… you do the calculations.
Dogelon Mars Price Prediction
According to CoinMarketCap, Dogelon Mars joined the market back in April 2021 with a trading volume of $0.0000000078. Until now, Dogelon Mars has increased roughly 22500%. This makes it one of the top-performing cryptocurrencies in 2021. As for the future of Dogelon Mars, we may say that it seems rather positive.
Dogelon Mars might hit a trading value of $0.000089 sometime during 2022. As we move on, the price may stabilize a bit in 2023 and then experience another major uptrend in 2024. This uptrend may leave the coin with a trading value of $0.0033 by the end of the year. To wrap it up, it is believed that Dogelon Mars may be bullish and reach $0.067 by the end of 2025 and finally surpass the $0.10 milestone sometime during 2026.
Conclusion: Is Dogelon Mars Worth Buying?
Dogelon Mars is a simple ERC-20 token that has much to offer for its community. Moreover, it has a very healthy, friendly, and productive community. Even though it is unlikely for Dogelon Mars to surpass Shiba Inu and Dogecoin anytime soon, this token has the potential to become one of the twenty biggest cryptocurrencies out there.
Furthermore, this meme-coin has become one of the hundred cryptocurrency leading projects regarding market capitalization recently. This has been a huge achievement for the token and this occurrence has increased the credibility in the eyes of potential investors.
So, is Dogelon Mars worth buying? Absolutely. This token has proven to survive market corrections and recover in price quickly. Moreover, it has a very positive community that supports the project a lot.
Also Read: Dogelon Mars (ELON) Price Prediction 2022 and Beyond – Can ELON Eventually Hit $1?
Takeaways
- One of the most volatile markets right now is the cryptocurrency market.
- When investing in cryptocurrencies, always invest only as much as you can lose and do your research.
- Surpassing Bitcoin and Ethereum is virtually impossible, however, this does not mean that tokens like Dogelon Mars are not profitable investments.
- Dogelon Mars is an ERC-20 token and its price may hit $0.10 by the end of 2026.
- To wrap it up, Dogelon Mars is quite a project and might prove to be a very profitable investment to those who have faith in the project.