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Dogelon Mars (CRYPTO: ELON), a cryptocurrency inspired by Dogecoin (CRYPTO: DOGE) and Elon Musk’s vision of human colonization on Mars, has seen a 6% increase in value over the past 24 hours, outperforming popular meme coins like Shiba Inu (CRYPTO: SHIB) and Dogecoin.
What Happened: During this period, the market volume of ELON reached $2.55 million. At the time of writing, ELON was trading at $0.0000001869. SHIB and DOGE were up 0.30% and 0.80% respectively.
The rise in value can be attributed to the overall surge in meme coins, driven by Bitcoin’s (CRYPTO: BTC) climb to $34,000. As the leading cryptocurrency experiences significant gains, it often creates positive momentum for altcoins and meme coins, including Dogelon Mars.
What sets Dogelon Mars apart is its unique combination of emulating the success of Dogecoin, a well-known meme coin, and embracing Elon Musk’s visionary proposition of establishing a human presence on Mars. This project direction has caught the attention of investors and cryptocurrency enthusiasts, contributing to ELON’s recent surge in value.
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Why It Matters: One additional factor contributing to the momentum of Dogelon Mars is the introduction of an exclusive NFT (non-fungible token) collection designed specifically for the ELONgevity community. This community consists of supporters of both Dogelon Mars and the Methuselah Foundation, an organization focused on extending healthy human lifespans.
The launch of the NFTs on October 13 generated overwhelming demand, resulting in the entire supply being minted within just 10 minutes. This event further amplified the growing interest and value of Dogelon Mars.
Price Action: At the time of writing, DOGE was trading at $0.68, up 0.51% in the last 24 hours, according to Benzinga Pro.
Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
