Dogelon Mars (ELON) is a meme coin that aims to combine the popularity of DogeCoin (DOGE) and Elon Musk, helping him build a colony on Mars.
In this ‘How to Buy Dogelon Mars’ article, we cover what the coin is, the short and long-term price prediction for the coin and how to buy it with low commission.
Cryptoassets are a highly volatile unregulated investment product.
Where to Buy Dogelon Mars
As Dogelon Mars is a relatively new, coin not many crypto exchanges provide the ability to purchase it yet. So, how do investors know where to buy ELON coin? We’ve done the hard work and found the best cryptocurrency exchange to purchase the coin, detailing our findings below.
Choosing the right crypto exchange is essential as it needs to be safe and secure while providing low fees and an easy-to-use platform to buy, send, receive and swap digital assets. Many exchanges also offer additional bonus features that crypto investors will find of value.
Let’s take a look at why Crypto.com meets these criteria.
Crypto.com – Overall Best Place to Buy Dogelon Mars
Crypto.com is one of the world’s top 20 largest cryptocurrency exchanges and provides an easy-to-use, yet feature-rich crypto trading app. From the app, user can transact in more than 250 cryptocurrencies.
Users can learn how to invest in Dogelon Mars via Crypto.com easily, and buy Ethereum and other coins such as Bitcoin (BTC).
One of the standout features of Crypto.com is the Crypto.com Visa Card. This enables users to spend their crypto returns easily and receive up to 5% cashback on all spending. There are also more features for advanced users such as the ability to access crypto loans instantly and earn crypto interest up to 14.5% on crypto assets.
When deciding how to buy ELON coin, the fees are very important. Fortunately, on Crypto.com, the fees are competitive. While they do depend on the transaction size most may only pay 0.4% commission per transaction going all the way down to 0.04% for high-volume traders.
There is a good range of cryptocurrencies to buy and sell using more than 20+ fiat currencies to do so. Users can deposit funds easily through bank wire transfers and debit/credit cards. Some methods are even fee-free.
Crypto.com also provides access to a lot more features, which include one of the best NFT marketplaces, a Desktop Wallet and DeFi Wallet as well as access to margin trading for 10x leverage-based crypto purchases.
To learn how to buy Dogelon Mars on Crypto.com simply open a free account and search for the coin, input the symbol ELON and click buy.
What We Like
- Offers more than 250 cryptos
- Enables staking coins
- Provides an NFT marketplace
- Low trading fees
- Crypto deposits are free
- User-friendly app
Cryptoassets are a highly volatile unregulated investment product.
What is Dogelon Mars?
Dogelon Mars is a meme coin built upon the popularity of Dogecoin (DOGE) and Elon Musk’s plan to colonize Mars. Elon Musk has been a big supporter of Dogecoin, which is why the symbol for Dogelon Mars is ELON and known as Elon coin.
Meme coins represent cryptocurrencies that gain popularity from Internet memes or jokes such as Tamadoge and Shiba Inu. These types of coins tend to be popular as they have the backing of an online community that can help drive demand higher.
As it is a meme coin, many investors ask the question, is Dogelon Mars legit? When the coin was built, the founders decided to lock 50% of the token’s liquidity into a Uniswap pool and donate the other 50% to the founder of Ethereum, Vitalik Buterin (ELON is an ERC-20 token built on the Ethereum network).
Buterin, donated those ELON tokens to a variety of different decentralized autonomous organizations (DAOs), foundations and charities focused on human health. This means there was no presale for the token so every person who holds Dogelon Mars either bought it on a decentralized exchange (DEX) or received them from Vitalik Buterin’s donations.
Is Dogelon Mars a Good Investment?
The steps to know how to buy Dogelon Mars coin are outlined above. With the right platform, it can be very simple. However, another important step is to understand whether or not the coin is a good investment.
In this section, we cover the latest Elon coin news, go through an Elon coin price prediction for the short term and long term and why investors may consider investing in Dogelon Mars.
Another coin investors may consider is Vita Inu. We’ve written an in-depth guide about how to buy Vita Inu.
Meme Coins Can Produce Huge Price Moves
While most meme coins may not have an actual utility, they produce some of the biggest moves seen in the cryptocurrency market. This is because they are community-driven tokens and move based on pure demand from crypto enthusiasts.
Dogelon Mars is one of more than 125 meme coins around. The first meme coin was Dogecoin (DOGE) and another popular meme coin is Shiba Inu (SHIB). Meme coins often have a very high circulating supply but trade at very small values.
This is why Mark Cuban said buying Dogecoin and meme coins is better than a lottery ticket and why Elon Musk has said he will support Dogecoin. Considering Dogelon Mars is heavily linked to Musk and Dogecoin, it’s fair to say it will gain in popularity.
Dogelon Mars is already the third largest meme coin by market capitalization. As a disclaimer, the ELON price action has a high amount of volatility.
The Dogelon Mars Market Cap Can Grow Exponentially
Even though the ELON token is the world’s third largest meme token, its current market cap is $178 million. It has a long way to go to get to the market cap of the world’s second-largest meme token, Shiba Inu, which has a market cap of $6.6 billion.
However, the ELON token is growing fast. It already has a bigger market cap than Baby Doge Coin. There is long-term potential growth in the coin when the overall crypto market sentiment improves. When this happens, it is likely cheap tokens such as the ELON meme token will attract a lot of attention.
Before deciding how to buy ELON coin, it is good to understand the time horizon for the investment and whether it will be short term or long term. This can help to deal with the psychological aspect of investing.
Dogelon Mars Has Unique Partnerships for Support
The ELON token is considered to be a unique ‘fair’ token. This is because there were no presale cryptocurrency tokens. 50% of the tokens are locked in a Uniswap liquidity protocol and the other 50% was sent to Ethereum founder Vitalik Buterin, who donated his tokens to different organizations.
One of these organizations was the Methuselah Foundation, which is now considered a partner in the token. The foundation is a non-profit medical charity that focused on extending the human lifespan.
The foundation has released its own white paper on how it is embracing the Dogelon Mars community and has created its own character known as Methuselon Mars. These types of partnerships can give more utility and purpose to a meme token.
As the Methusela Foundation controls 43% of the Dogelon Mars token, they have made a commitment to steward the cryptocurrency value for the long term. The foundation has also partnered with NASA to aid in space travel exploration.
Dogelon Mars Social Community Continues to Grow
Meme tokens rely on their communities to drive price. Dogelon Mars has a strong community that is growing. They have more than 650,000+ Twitter followers and 90,000+ Telegram members.
If there is a strong crypto community for a coin it can help spread the word in driving the price higher. This can be seen from the power of groups in the Reddit forum, which have been known to band together and force the prices higher of stocks and cryptos.
Meme coins without utility, product or service need a strong community to drive growth. However, there are some unique meme coins such as Tamadoge, which also have a utility and product that can help drive new users to it and therefore increase the price.
ELON Token is Scalable as Built on ERC-20 Protocol
The Dogelon Mars token is one of the best ERC-20 tokens built on Ethereum’s blockchain. This means the token is scalable and can be listed on several different exchanges to easily buy and sell.
The setup also allows the token to have more liquidity, which is essential for investors to buy and sell simply and at speed. The trading volume of the ELON token within a 24-hour period can something be high.
There are some tokens that are listed on other blockchain networks. However, tokens listed on the Ethereum network are the most interchangeable with other cryptos and fiat currencies. They are also more widely adopted from cryptocurrency exchanges. This is essential for meme coins, as being able to get listed on centralized and decentralized exchanges can help grow the demand for the coin.
Currently, user can only invest in Dogelon Mars from a few crypto exchanges. However, if more exchanges list the coin, it can easily increase demand and the price for it.
Dogelon Mars Price
The Dogelon Mars price has had a wild ride in recent years. From its inception in April 2021, the coin surged from $0.0000001 to $0.000000226 by May 2021, representing a 126% surge higher. However, after reaching this price level, the ELON coin price collapsed to $0.00000005 by June 2021 – lower than its launch price.
The price of the token remained at these levels for some time before starting to move higher again in October 2021. By November 2021, the ELON coin price surged to record a high of $0.0000002279. After reaching a new record high, the price of the Dogelon Mars token has been trending lower. The lowest price it has reached so far in 2022, is $0.0000002592 but is still trading above its all-time low.
Currently, Dogelon Mars is the 148th largest cryptocurrency in the world with a market cap of $184,735,144.02. The current circulating supply is 549,199.76B. The last 24-hour trading volume was $2,692.269 and it is on the watchlist of 1,332,573 CoinMarketCap users.
Long term investors may use dollar cost averaging strategies and purchase small stakes as prices come lower. This enables investors to average out the cost of their trade once the price starts to move higher. It is an approach used by larger institutional players due to liquidity and buying when retail traders sell.
Short-term investors may wait for the ‘hype’ to return in the crypto market to try and capitalize on ‘momentum.’ When cryptos are in a bull market, there is an increase in reporting of it from financial media. As crypto prices can move much more than traditional asset classes they are widely reported.
This creates a hype and FOMO (fear of missing out) situation causing more people to buy and not miss out. However, it is a more patient approach as for the first half of 2022, the crypto market was declining with zero hype and very little momentum.
Choosing the right approach and adapting to different market conditions is key to successful investing in cryptocurrencies.
Dogelon Mars Price Prediction
Over the past several weeks, the price of Dogelon Mars has stabilized and moved in a small trading range. This is in line with the broader crypto market, which sold off at the beginning of 2022 but has since stabilized in the middle of 2022.
While there is a chance the price of the token can eventually move higher, meme tokens move on hype and a sudden increase in demand. There have already been two surges higher for the coin but both times the coin has fallen back near to record lows.
If the overall crypto market sentiment can improve, then there is a chance the coin could back towards $0.00000010, which is still far away from its record high.
To gain the most significant moves in a meme token, it is best to try and invest in the early days of upcoming crypto ICOs. This is where most of the hype and demand takes place and therefore the biggest price moves.
For example, coins like Tamadoge could be the next big meme token to focus on.
Dogelon Mars Video Analysis
Dogelon Mars: Are there any Better Alternatives?
Tamadoge (TAMA) is a new meme coin in the Doge ecosystem. It aims to push the boundaries of play-to-earn platforms by allowing everyone the ability to mint their own doges to breed, train and battle them. The Tamadoge NFTs can compete to be at the top of the leaderboard every month and play friends in the Tamaverse.
The TAMA token is unique in the fact it is a low supply cryptocurrency, with only 2 billion tokens available. Coins that have a finite supply are known as deflationary coins and can help to drive their price higher when demand increases. Other deflationary coins include Bitcoin (BTC) and Cardano (ADA).
Meme coins such as Dogecoin increase their supply of coins and rely on an increase in demand for growth. There are more than 100 billion Dogecoins in supply. With Tamadoge, the limited supply makes them rarer over time. Therefore a small increase in demand could lead to significantly higher prices in the long term.
Also, the TAMA token provides more transparency than other cryptocurrencies. The coin’s contract code has been fully audited by Solid Proof and is shown to be 100% secure. The team behind Tamadoge has also been fully verified by CoinSniper to ensure project security and anti-rug measures.
Tamadoge is now in presale, so it’s the best time to buy TAMA at the lowest prices.
|Min Investment||1,000 TAMA (∼$10 + gas fee)|
|Purchase Methods||ETH, USDT, Debit / Credit Card (via Transak)|
|Beta Sale Ends||2nd September 2022|
|Presale Ends||Q4 2022|
How to Buy Tamadoge (TAMA) – Detailed Tutorial
To purchase the new meme coin TAMA, follow the simple four-step process outlined below.
Step 1: Create a Crypto Wallet (MetaMask)
Cryptocurrency wallets are extremely important. They help to store digital coins securely while making them accessible to send, receive and swap with other digital assets. MetaMask is a great option that provides a lot of useful features.
For Firefox and Google Chrome users, MetaMask provides a simple browser extension that can be downloaded in just one click from the MetaMask website. Once this has been downloaded, it will ask user to create a secure password. Be sure to keep the 12-word security phrase safe.
Step 2: Buy ETH or USDT or Transfer In
As the Tamadoge ecosystem runs on the Ethereum blockchain network, users will first need to buy Ethereum (ETH) tokens to purchase TAMA tokens. Users can also use stablecoin Tether (USDT) to purchase TAMA, or simply transfer ETH or USDT in from another crypto wallet.
To purchase ETH from MetaMask, the browser extension will provide payment methods. These options include purchasing Ethereum with MoonPay, Wyre, Coinbase Pay and Transak using credit/debit cards, bank transfers from more than 100 different countries or via Apple Pay.
The Tamadoge team recommends purchasing 150 USD worth of ETH to cover the minimum TAMA purchase.
Step 3: Import TAMA Tokens into MetaMask
The next step involves importing the contract details of the TAMA token into a MetaMask wallet. This can be done by clicking the Import Token icon and then the Custom Token icon.
The contract information to add the TAMA token to a wallet can be found below.
- Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
- Decimals: 18
- Token symbol: TAMA
Step 4: Claim TAMA Tokens
TAMA tokens can be claimed by visiting Tamadoge’s website after the presale has ended. Simply click on the Claim icon.
Meme coins such as Dogecoin and Dogelon Mars have provided some huge moves for their holders. However, most of these moves were at the launch of the coin when demand and hype is at their highest.
Therefore, investing in new meme coins such as Tamadoge may prove to be beneficial for crypto investors with a higher tolerance for risk. The new play-to-earn platform provides meme status with finite supply and a utility to the TAMA token, making it an interesting proposition to invest in.
Tamadoge - The Play to Earn Dogecoin
- '10x - 50x Potential' - CNBC Report
- Deflationary, Low Supply - 2 Billion
- Listed on Bybit, OKX, Bitmart, LBank, MEXC, Uniswap
- Move to Earn, Metaverse Integration on Roadmap
- NFT Doge Pets - Potential for Mass Adoption