Memecoin mania is still a reality in the crypto market, with the most unexpected tokens rising from time to time in a tough dispute to earn cryptocurrency traders‘ attention. Their tactics can include using popular keywords or topics in their names, and this is what Dogelon Mars (ELON) did.

Data shared by analysts from the platform Santiment (@santimentfeed) on X shows that Dogelon Mars is trending in different popularity metrics.

“Dogelon Mars is seeing a major increase in ‘Discussion Rate’ as ‘Network Growth’ rises. Price +5% in the past week.”

– Sanbase PRO analysts at Santiment

Positive sentiment is dominating the overall perception of this memecoin in 62.08%, while 19.18% remain neutral, and 18.74% are made of negative sentiment. The token’s ticker ELON is trending among the most used words in the last 24 hours.

Dogelon Mars (ELON) on Top Trending Tokens - Social Trends:

“Dogelon Mars is seeing a major increase in ‘Discussion Rate’ as ‘Network Growth’ rises. Price +5% in the past week.”
Dogelon Mars (ELON) on Top Trending Tokens – Social Trends. Source: Santiment

Interestingly, this success can be attributed to the chosen name that unites three popular topics: Dogecoin (DOGE), Elon Musk, and Mars. With the last referencing Musk’s endeavors with SpaceX.

Dogelon Mars (ELON) price analysis

Meanwhile, Dogelon Mars — or just ELON — is trading at $0.0000001341 by press time, with 2.27% losses in the last 24 hours, even in a general bullish market on September 19.

Dogelon Mars (ELON) 1-week price chart. Source: Finbold
Dogelon Mars (ELON) 1-week price chart. Source: Finbold

Moreover, considering that Dogelon Mars is a low-cap and low-liquidity digital asset, ELON is subject to high volatility and, therefore not indicated to all investors’ profiles.

Technically speaking, the token exists in both Ethereum (ETH) and Polygon (MATIC) networks through a centralized smart contract deployed by unknown creators.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

The post Dogelon Mars rockets to the most trending by popular topics appeared first on Finbold.

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Dennis is a business and financial writer, who had spent almost his entire life independently reporting on different business ventures with major impact on the US and global economy. Dennis places a special focus on examining tech stocks, biotech stocks all while investing a great part of his early hours to researching and writing on the companies in the US markets. Dennis has 15+ years of experience in financial markets.