Want in on the action? To buy Dogelon Mars, you’ll need to send ETH from a brokerage like eToro to a cryptocurrency wallet. From there, you can swap ETH for ELON on Uniswap.

Disclosure: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

Dogelon Mars (ELON) is a memecoin based on Dogecoin (DOGE) and Tesla CEO Elon Musk. The coin has seen enormous price swings in 2021, and some believe it has even more room for growth. How high can ELON really go? Will the price soar to Mars as the name suggests?

What is Dogelon Mars?

Dogelon Mars is a project built on the Ethereum blockchain using the ERC-20 token standard. This means it uses the Ethereum blockchain for security but can also create its own unique features within the token.

One of these features is its tokenomics. 50% of the initial supply was gifted to Ethereum creator, Vitalik Buterin. The other 50% was locked into the Uniswap liquidity pool. The token was listed on April 22, 2021 through an initial DEX offering (IDO). 

The project hopes to create an “intergalactic currency”, though plans for this have not been unveiled. Besides enormously vague plans, the project is not doing much in terms of uses. 

Much of the 100,000% ELON price increase can be attributed to the community of investors. The project uses Twitter and Telegram to reach an audience…

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