As most cryptocurrency markets appear on the verge of a reversal, some alternative currencies have begun breaking out. Dogelon Mars, or ELON, notes a solid price trend in USD, BTC, and ETH value. Its market cap will likely surpass $1 billion again very soon, as several developments spark plenty of excitement.
Dogelon Mars Price Momentum
It is good to see most markets no longer in the red, although very few of them note substantial price increases. One notable exception is Dogelon Mars, which increased by over 18% today. Such a price surge is not entirely surprising, as the currency has gained a loyal following over the past few weeks. Moreover, the is a lot of excitement surrounding dog-themed crypto assets.
That 18% ELON price increase affects its USD, BTC, and ETH value alike. Of course, rising prices across the board are never easy to come by for alternative crypto assets, but they are far from impossible. Dogelon Mars appears on the right track on this front and may even surpass the 25% daily gains level at this rate.
Binance Mentions Dogelon Mars
Most people know how Binance has its Academy, a section dedicated to educating the masses on all matters of cryptocurrency. One of the Binance Academy pages focuses on meme currencies, with an official Dogelon Mars mention. It is also the third-ranked meme token, following Dogecoin and Shiba Inu.
Although that might not bring much more attention to ELON yet, it is an interesting addition. Additionally, it leads to some speculation as to when Binance will list ELON on its platform. For now, there is no indication that it will happen yet, although things may change at any given time. However, as ELON approaches the $1 billion market cap again, exciting things may be on the horizon.
Overall Solid ELON Price Performance
When dealing with alternative cryptocurrencies, it is often crucial to adjust the timeframe. Price-performance spans days or weeks and not just hours or minutes. ELON has had a solid run since mid-October 2021, and everyone expected the retrace from the peak. Instead, prices closed at higher lows than before and are now still in an accumulation range of sorts.
Is Crypto.Com Fueling ELON?
Crypto.com has not done anything to directly influence Dogelon Mars soon, although the price momentum isn’t entirely uncorrelated. There is a lot of excitement regarding Crypto.com and how its brand awareness is on the rise. That can bring a fresh set of eyeballs to ELON and the price momentum.
Is Now A Good Time To Buy ELON?
When investing in cryptocurrencies, it is crucial to perform market analysis and research first. Investing in ELON at the current price can make sense to some, whereas others may want to hold back. One Reddit user is spending their birthday money on Dogelon, which can be an interesting decision. Always DYOR before investing in any cryptocurrency, even if the current price momentum seems to favor a higher ELON price.
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