Dogelon Mars Price Forecast: Will Elon Musk Instead Purchase Tamadoge?

Over the course of the previous day, the value of Dogelon Mars (ELON) jumped by 45 percent. Over the previous day, the meme coin has been among the best performers. Elon Musk just bought Twitter, and he’s already seeing a profit.

Dogelon Mars Increases 45%

According to CoinGecko, the price of one ELON token was $0.0000003948 as of this writing. The token’s market cap has increased significantly due to the increased demand, as shown by the $21.38 million in trading volume over the past 24 hours.

Significant price swings have been seen in ELON over the past 24 hours, with the token changing hands for as little as $0.0000002664 and as much as $0.0000004003. While ELON has recovered somewhat, the stock price is still down 84% from its record high reached in October of last year.

ELON is currently a popular choice as a low-cap cryptocurrency. Dogelon Mars’ price may go up and even break through $0.0000005 in the short term as traders seek tokens with the potential to rally by big margins in the short future.

The technical indications for ELON reveal that there is a struggle brewing between buyers and sellers. At 55, the Relative Strength Index indicates that buyers are in charge, but the token has not yet entered the overbought zone.

On the other hand, the weak bullish trend is reflected in the MACD line’s movement, suggesting that the moving average convergence divergence indicator is providing useful information. These patterns point to a positive future for ELON, suggesting that the token’s price will rise.

Reasons to Purchase Tamadoge Instead

The value of meme coins is sometimes based on a wave of buzz. Since Elon Musk’s purchase of Twitter, interest in meme currencies has skyrocketed, sending most of them trading in the positive.

But this excitement rarely lasts, therefore most meme coins go through periods of extreme swings in value. Some meme coins have witnessed significant drops due to their lack of utility and their debut without established fundamentals.

Recently released Tamadoge, a meme coin, is shifting the narrative by giving meme coin users access to the blockchain gaming industry. Using TAMA tokens, Tamadoge will back a metaverse project.

Soon after its release, TAMA was recognized as one of the top utility tokens and listed on the OKX platform. Tamadoge has fallen by 2% in the previous 24 hours, but the token’s price retracement may make it appealing to bargain hunters. The recent decline in Tamadoge NFT could spark a new TAMA upswing.

Buy New Cryptos Now

Cryptocurrencies like Dash 2 Trade, IMPT, and Calvaria are good alternatives to meme coins if you’re looking to diversify your portfolio.

When it comes to investing in the cryptocurrency market, knowledge is power, and a new initiative called Dash 2 Trade aims to provide traders with the tools they need to do just that. After collecting $3.1 million, the D2T presale may be considered a huge success.

IMPT is the next token due to detonate. A native coin for the IMPT.io blockchain initiative to reduce greenhouse gas emissions. The goal of the project is to reduce people’s and organizations’ carbon footprints.

Since its inception, the Calvaria (RIA) presale has successfully raised over $574,000 USDT. The creators of the blockchain gaming platform Calvaria hope to draw in both established and new crypto enthusiasts.

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