Dogelon Mars is an Ethereum-based crypto using the ERC-20 token standard. A number of very prominent tokens on the ETH network, such as Aave, Chainlink, and Uniswap use this token standard. But unlike these notable and prominent coins, Dogelon Mars was born out of a joke and makes references to Elon Musk, Dogecoin, and the planet Mars.
But make no mistake about it, Dogelon Mars is a very real cryptocurrency that you can buy now. In fact, the coin is known for its extreme volatility which makes it an ideal coin for speculators and traders to invest in.
Where to buy Dogelon Mars
As ELON is such a new asset, it's yet to be listed on major exchanges. You can still purchase ELON using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy ELON right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it's one of the world's leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It's also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You'll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and 'connect' your wallet to it.
4. You can now swap your ETH for ELON
Now that you're connected, you'll be able to swap for 100s of coins including ELON.
What is Dogelon Mars?
On its official website, Dogelon Mars promises to become an "interplanetary currency" among other innovative and quite extreme developments. For now, they have not developed a feasible product to make Dogelon a viable cryptocurrency.
Not many investors would spend money to send a token to another wallet, which would be necessary in this case because Ethereum transaction fees are still quite high.
Should I buy Dogelon Mars today?
Dogelon may be a bad choice for an interplanetary payment system, yet many investors are making a lot of money trading Dogelon Mars. The coin is up more than 750% over the past 30 days but is down around 15% over the past 24 hours.
Investors looking at the near-term dip and expecting Dogelon Mars to rebound in price may be tempted to buy Dogelon Mars.
Dogelon Mars price prediction
Well-established assets like Bitcoin, Ethereum, and Cardano have done well this year, but dog-themed coins have definitely stolen the spotlight. Some of these coins, especially Dogelon Mars, delivered returns of 1,000% or more for some investors.
However, assigning a Dogelon Mars price outlook is a difficult task given the meme-status of the coin and overall volatility within the crypto market.