Many memecoins are hoping to outperform the market and attain a price target of $0.01, resulting in a windfall for investors. However, in the case of Dogelon Mars, this is quite implausible. Dogelon Mars (ELON) is a Dogecoin (DOGE), Elon Musk, and Mars-themed ERC-20 token.
The market cap of the token would be over $5.5 trillion if it reached $0.01 right now.
A market capitalization of $5.5 trillion would be roughly 5 times the size of Bitcoin and nearly double the size of the whole cryptocurrency market. As more coins enter circulation, this becomes increasingly difficult.
While a $0.01 ELON would make a lot of people wealthy, this price is nearly futile to achieve. The maximum supply is simply too large to sustain the goal price.
Dogelon Mars can be purchased easily on Crypto.com. It is, however, available on decentralized exchanges (DEXs) like Uniswap and Gate.io.
To purchase ELON, first purchase Ethereum on a cryptocurrency exchange like Coinbase, eToro, or Gemini.
An email address, a password, and some personal details are all that are required to create an account. You can buy ETH once your account has been validated and funded via ACH or credit transfer.
You can then send it to a wallet like MetaMask or Coinbase Wallet and store it there. You can exchange your ETH for ELON after you connect this wallet to the DEX.
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