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What is Dogelon Mars?
Dogelon Mars is a dog-themed meme coin on Ethereum and Polygon. It follows the example of other successful dog coins like Dogecoin, Shiba Inu and Floki Inu.
Dogelon Mars plays on several popular themes in the meme coin space. Its name is a mixture of Dogecoin and Elon Musk, the billionaire entrepreneur who is an outspoken supporter of Doge. It alludes to Mars, a spin on the famous moon meme, implying that Dogelon will experience a massive upward movement. Beyond its tongue-in-cheek name, Dogelon Mars has managed to build a significant community, with more than 300,000 Twitter followers and more than 84,000 followers on Telegram.
Dogelon Mars uses a humorous comic story of Dogelon, the dog giving the coin its name, as a background for its coin. Dogelon “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.” Several short comics are published on the coin’s website that follow Dogelon on his adventures to Mars, where he meets friends and goes on adventures.
Dogelon Mars does not have a roadmap per se, but instead developed a fantasy version through its comics. After the re-colonization of Mars in 2420, Dogelon will have to fight for survival against the annihilators. This fantasized version suggests that once the coin is listed on all major exchanges, the price of ELON will reach “Mars,” or, in other words, it will trade at a much higher valuation. However, “annihilators,” by which the volatility of the crypto markets could be meant, will be a problem the community will have to fight against.
In practice, ELON is a meme coin without much utility beyond buying it and holding it in a wallet like Metamask. However, considering it has a potent combination of several very “memeable” attributes in its title (Elon Musk, Doge, Moon/Mars), Dogelon Mars could appreciate rapidly if the overall cryptocurrency market appreciates and the risk appetite for meme coins increases.
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