Musk-Inspired Meme Coin Dogelon Mars Surges 7% To Leave Dogecoin, Shiba Inu In The Dust
Benzinga
Published Oct 16, 2023 05:33
Updated Oct 16, 2023 06:40
Musk-Inspired Meme Coin Dogelon Mars Surges 7% To Leave Dogecoin, Shiba Inu In The Dust
Benzinga - by Mehab Qureshi, Benzinga Staff Writer.
Dogelon Mars (CRYPTO: ELON), a doge-themed token project inspired by Dogecoin (CRYPTO: DOGE) and Elon Musk’s ambitions for Mars colonization, has experienced a notable surge of over 7% in the past 24 hours, surpassing the performance of both Dogecoin and Shiba Inu (CRYPTO: SHIB).
What Happened: At the time of writing, the price of Dogelon Mars (ELON) stood at $0.0000001401, while DOGE and SHIB exhibited slight declines of 0.13% and 0.30%, respectively, over the same period.
The significance of Dogelon Mars lies in its mission to emulate the success of Dogecoin while leveraging Musk’s vision for establishing a human presence on Mars. This unique combination has propelled the project forward, resulting in its recent surge.
Interestingly, the momentum behind Dogelon Mars can also be attributed to the introduction of an NFT collection specifically tailored for the ELONgevity community – a collective of Dogelon Mars and Methuselah Foundation supporters.
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Why It Matters: On Oct. 13, the issuance of NFTs for this community was met with overwhelming demand, with the entire supply being minted within a mere 10 minutes, further fueling the surge in interest and value for Dogelon Mars.
The NFT collection has achieved a total volume of 191 ETH. The floor price for these NFTs stands at 0.0035 ETH. Notably, the collection has been listed by 1,288 owners, with around 13% of the owners being unique individuals.
In September, ELON ventured into the world of NFTs generated by Artificial Intelligence (AI).
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Price Action: At the time of writing, ELON was trading at $27,214, up 0.56% in the last 24 hours, according to Benzinga Pro.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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