Dogelon Mars, a dog-themed meme coin, has seen its value skyrocket since Elon Musk’s purchase of Twitter.
Dogelon Mars meme coin has recently pumped over 100%, reaching a high of $0.0000005736 as excitement grows.
There’s a chance of a temporary decline, so investing now could be risky. Which alternate cryptocurrencies have the potential for the greatest growth?
Dogelon Mars (ELON) Price Prediction
Dogecoin is on the upswing, Shiba Inu is showing signs of being bullish, and Tamadoge has seen its trading volume increase by more than a factor of four.
Dogelon The price charts for Mars have some intriguing candles, but investors should avoid getting caught up in the fear of missing out (FOMO) and end up losing a lot of money.
Before Elon Musk’s announcement, Dogelon Mars had been trading in a 72-day accumulation range.
Ever since Elon Musk’s purchase of Twitter, rumors have circulated about possible future crypto wallet integrations with the social media site.
Many major meme coins, including Dogelon Mars, have seen their prices rise in response to this news.
To illustrate, the above chart depicts the price of Dogelon Mars (ELON) shooting up to $0.00000058 before perfectly retracing to the 0.618 Fibonacci level, currently around $0.0000003874.
Since then, there was a brief uptick, and the price is now at $0.0000000445. Dogelon Mars (ELON) was overbought on the daily relative strength index after this particular impulse wave, suggesting a reversal could occur.
At this time, the market seems to be reacting solely to rumors about Elon Musk’s future plans and the Twitter acquisition.
Who knows what he has planned for the future of Twitter and cryptocurrency integrations.
It’s easy to see that the long-term trend for Dogelon Mars (ELON) price charts is downward when you zoom out far enough.
It’s possible that this is just a random, weak pump.
Dogelon Mars (ELON) is still 84% below its all-time high reached in the middle of 2022 and has a LONG way to go before it reaches full recovery.
Calvaria More Potential than Dogelon Mars?
Calvaria, an immersive and captivating play-to-earn card battle game, will be launching soon, making it clear that Dogelon Mars (ELON) isn’t the only altcoin with promising future prospects right now.
Calvaria is currently in pre-sale phase, which gives it massive upside potential upon launch, in addition to its extremely bullish looking tokenomics and limited supply of only 1 billion tokens.
Calvaria has seen tremendous investor interest and momentum, raising $1,045,258 in a little over a week.
If retail and institutional interest in Calvaria continues at this rate, the cheapest entry point for investors could yield returns of 2-20x.
Once Calvaria is released, it will be the most talked about pay-to-play (P2P) battle card game. In comparison to other crypto P2E card games, it offers a number of significant advantages.
If you have a MetaMask and access the erc-20 blockchain, you can buy Calvaria ($RIA) tokens by exchanging your choice of USDT or Ethereum for tokens.
Source: Crypto News
Disclaimer: This opinion is not meant to be taken as financial guidance and is presented merely for educational purposes. Crypted Crypto cannot guarantee that it accurately represents the views of the publication. You should always do your own research before making any financial decisions, as every investment and every trade carries some degree of risk. If you cannot afford to lose the money you invest, then you should not invest it.
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