How to buy Dogelon Mars (ELON) Coin: Beginners Guide

In the rise of dog themed coins like dogecoin, Shiba inu, and Floki inu comes DOGELON MARS. Dogelon Mars is a coin on Ethereum and polygon networks that currently has a market cap of 240 Million (as of Feb 2023) and a fully diluted cap of 439 Million! With only a year from its ICO, it is currently ranked #145 and has 1 Quadrillion total supply in circulation of which 50% was given to Vitalik Buterin, founder of Ethereum, removing them from circulation. The remaining supply is permanently locked in the liquidity pool. It currently has a supply of 535 billion ELON, of which, you may personally be able to buy right now, with its current undervalued price of 0.0000004381 (as of Feb 2023). 

This is a guide on how to get your hands on the $ELON coin.

What Is Dogelon Mars? 

Dogelon Mars is a dog-themed meme coin that is currently bagging on the hype of trending topics like Doge, Elon, who’s the owner of large companies such as Tesla, Solar City and Space X, and some would say, has sky-rocketed Dogecoin by himself, and also Mars, of which also alludes to Elon’s, as the next planet he wants to colonize.

$ELON coin has currently unknown founders, but has existed over a year now and has built its strong community of 442.4K followers on Twitter, 57,829 members on telegram and 47.6K reddit “Martians”. It also has interactions with foundations and the Coinbase Twitter itself that may contribute to its legitimacy. The founder also has recently posted on the r/dogelon reddit page indicating it is still active today as he/she says, with his 22 billion Dogelon Mars coins. 

How Does Dogelon Mars Work?

Dogelon Mars has no roadmap currently and no current utility. They have created and published however, a comic story over their main website. Dogelon (main character) “explores the greatest mysteries of the galaxy and seeks to recolonize the planet he once called home with the help of the friends he’s made during his travels through the stars.”. Four of these comics are currently published which are also being sold as NFTs over Opensea. The comics was set in Mars 2420 and follows a young Dogelon Mars who was transported by his family to protect him from the annihilators. 

Currently, the storyline to date is, Dogelon was found by a new alien character and has been tagged as a wanted fugitive. The story is very interesting and also has a potential to become a collectible in the near future much like comic books and how rare each version/issue is. 

Is Dogelon Mars a Good Investment?

With half of the Quadrillion $ELONs under the Ethereum owner. Its current circulation of 553 Billion, of which 20 billion is under the owners name. This is safe to say that there is a lot of liquidity still left for the coin and might prove to be a very volatile investment.

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Bagging on the success of currently the most trending topics of twitter and the community from telegram and reddit, it is so far a good and legitimate investment that can be prone from rug-pulls and founder exits. Proving to be a good coin to hold “to the Mars”.

The current trading volume is at 14 billion, of which has pushed the price up 20% already in the last 24hrs, proving the volatility and potential of trading the coin and also the returns it can give to its hodlers. 

Being also named as $ELON helps so much on the coin’s gaining traction and is very good for marketing in twitter as it was just bought by Elon Musk himself and may be very prominent in the space right now.

As for the technical analysis of the coin, Dogelon Mars is being seen in an uptrend since November 2022. With an all time high of 0.000001157 and current price of 0.0000004522. We can say that there is still a lot of room for growth from its current price being down 98% from its all time high. Over the last 24 hours, trading volume increased from 4.7 Million to a whopping 14.81 million indicating a heightened demand for the coin. We can say that the coin is now parabolic in nature and might boost higher in the coming days. Its price is currently playing around its 6 month resistance of 0.000004473 which in the coming days, if broken might soar to greater heights knowing the next ceiling might be 0.0000006825, a massive 34% increase should you be able to buy in now.

Where to Buy a Dogelon Mars Coin?

 

But how to get into the action? Dogelon is currently available on Uniswap and can be bought with your Meta mask. You can also trade the coin at Crypto.com, Uniswap, OKEx, Kucoin, Huobi, and Gemini. It is impressive also to include that it is available at Crypto.com and Uniswap which are the most popular platforms and authorities in the web3 space. Below are the steps on how to buy the Dogelon Mars Coin.

How to Buy Dogelon Mars (ELON)

 If you are considering making this as your first investment. You might have no meta mask yet. You need to create a Meta mask first which is very easy, just always remember to write down the secret phrase just in case it is needed for validation by Meta mask.

Step 1: Create a Meta mask 

Meta mask is a self-custodial wallet where you can store, exchange and buy crypto coins. Metamask is trusted by Axie infinity, Rarible, Uniswap and Opensea. The app is available in Google play or apple app store. You can also install this over your browser, and is compatible with Google Chrome, Safari, Opera, Edge or Firefox. 

This allows you to buy, sell, send and receive $ELON coins. After finishing up, head on over to the next step.

Step 2: Loading up your metamask

After creating your wallet, you would need to buy ETH first with your fiat money (i.e. regular money).

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You should first head on to your wallet homepage, then click buy ETH. You can buy ETH using a credit card or via bank transfer. If you are in the US, you can use Apple pay to buy ETH as well. Upon completing the transaction, it will convert your regular money and it’s current equivalent conversion to ETH. This can be also considered “a trade” as you buy ETH with your USD. 

Just remember that there is a slippage fee that is the difference of the expected price and the current price the trade is executed. So you should avoid times that have high volatility to ensure better/ lower slippage fees.

Step 3: Buying Dogelon Mars $ELON coin

Now with your ETH in your wallet. We can now start buying Dogelon Mars coin and get a piece of the pie. You can now go to exchanges like Uniswap, Crypto.com and buy it directly there. Upon opening Uniswap, you will need to click “open the app”. You will be then prompted to connect your meta mask wallet and  upon clicking, will automatically connect the metamask and will lead you to the permissions page to connect your wallet. 

Now with your ETH in your wallet. We can now start buying Dogelon Mars coin and get a piece of the pie. You can now go to exchanges like Uniswap, Crypto.com and buy it directly there. Upon opening Uniswap, you will need to click “open the app”. You will be then prompted to connect your meta mask wallet and  upon clicking, will automatically connect the metamask and will lead you to the permissions page to connect your wallet. 

You will then need to click “select token” and choose from the various available tokens available at uniswap. Ofcourse, you will select Dogelon Mars. In the current conversion rate, .06 ETH will be able you to buy 2.26 Dogelon Mars coins. With this you would also need to pay a network fee of 3.62 USD and the slippage fee of 0.5% of the price. That is why it is advisable to buy $ELON coin in bulk to lessen the fees and secure a better slippage fee. 

To add, you can also buy them using some popular exchanges like Coinbase and Binance. Should you like to use exchanges, it would use third party software to buy them directly from binance or coinbase.

Last Step: That is it!

Now you have a DOGELON MARS $ELON coin and be able to ride the trend with this trending meme-coin.

 Conclusion

Despite having unknown founders and no utility or whatsoever. We are still seeing traction with this $ELON coin. With its current price of 0.0000004405, we see a rebound of price and is expected to have better returns in the coming future especially with its current volume of 25 million. Bagging on the success of current trends like Doge coin, Elon and Mars, we are assured of future relevance with the coin. Also adding the existence of the coin being over a year now and its big following in twitter of 442.4K followers, we can prove the legitimacy and how prone this would be to rug-pulls and exit scams.

With also its current comic storyline a future collectible, there is so much more to this meme-coin. To add, there are 4 comic releases for this and has a price tag value of 17 ETH or 28,246 USD. Recommending this coin is very easy as it is a very active, large community and a thriving volatility in the market right now.