Memecoin mania is still a reality in the crypto market, with the most unexpected tokens rising from time to time in a tough dispute to earn cryptocurrency traders‘ attention. Their tactics can include using popular keywords or topics in their names, and this is what Dogelon Mars (ELON) did.
Data shared by analysts from the platform Santiment (@santimentfeed) on X shows that Dogelon Mars is trending in different popularity metrics.
“Dogelon Mars is seeing a major increase in ‘Discussion Rate’ as ‘Network Growth’ rises. Price +5% in the past week.”
– Sanbase PRO analysts at Santiment
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Positive sentiment is dominating the overall perception of this memecoin in 62.08%, while 19.18% remain neutral, and 18.74% are made of negative sentiment. The token’s ticker ELON is trending among the most used words in the last 24 hours.
Interestingly, this success can be attributed to the chosen name that unites three popular topics: Dogecoin (DOGE), Elon Musk, and Mars. With the last referencing Musk’s endeavors with SpaceX.
Dogelon Mars (ELON) price analysis
Meanwhile, Dogelon Mars — or just ELON — is trading at $0.0000001341 by press time, with 2.27% losses in the last 24 hours, even in a general bullish market on September 19.
Moreover, considering that Dogelon Mars is a low-cap and low-liquidity digital asset, ELON is subject to high volatility and, therefore not indicated to all investors’ profiles.
Technically speaking, the token exists in both Ethereum (ETH) and Polygon (MATIC) networks through a centralized smart contract deployed by unknown creators.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
