Benzinga - Dogelon Mars (CRYPTO: ELON) has experienced a significant surge of 30% in the last 24 hours, surpassing the gains of popular meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).
What Happened: During this period, ELON was seen trading at $0.0000002032, while DOGE and SHIB registered modest gains of 1.14% and 2.26% respectively.
One key factor contributing to ELON’s surge was its notable increase in trading volume, which rose over 200% to reach $11.93 million. A majority of these trades took place on platforms like UniSwap and KuCoin.
This rise in value can be attributed to the overall surge in meme coins due to Bitcoin’s (CRYPTO: BTC) climb to $30,000. As the leading cryptocurrency propelled altcoins and major meme coins, the momentum also benefitted Dogelon Mars.
What sets Dogelon Mars apart is its unique combination of emulating the success of Dogecoin and embracing Elon Musk’s visionary proposition of establishing a human presence on Mars. This project direction has significantly propelled ELON’s progress and resulted in its recent surge.
Will The SEC Finally Approve Long-Awaited Bitcoin Spot ETF? Ask industry experts directly at Benzinga's Future of Digital Assets event happening in NYC on Nov. 14, 2023. Be a part of the discussions where you won't just be a passive spectator. Don't let this chance slip away – secure early bird discounted tickets now!
See More: A Stay At The Floating Palace From James Bond's ‘Octopussy
Why It Matters: Interestingly, the surge in momentum for Dogelon Mars can also be attributed to the introduction of an exclusive NFT collection specifically designed for the ELONgevity community. This community comprises supporters of both Dogelon Mars and the Methuselah Foundation.
Upon the launch of the NFTs on October 13, overwhelming demand led to the entire supply being minted within a mere 10 minutes. This event further fueled the increasing interest and value of Dogelon Mars.
Photo by Igor Faun on Shutterstock
Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.