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How can I purchase Dogelon Mars using Coinbase wallet?
Coinbase, a well-known cryptocurrency exchange, offers a wide range of services. Coinbase supports Dogecoin in their website & Coinbase Android & iOS apps. Coinbase customers can now buy, sell, and convert DOGE and send, receive, and store DOGE in all Coinbase supported regions. However, there is a trick for Dogelon and it is not supported by Coinbase yet. Coinbase Wallet supports the Ethereum, Bitcoin, Polygon, Dogecoin, Litecoin, Stellar Lumens, along with Ripple network.
Why shall you use Coinbase in the first place?
- You can buy and sell Bitcoin, Ethereum, and Litecoin. You can also store your cryptocurrencies in a digital wallet to make them easy to use.
- Coinbase is an excellent exchange platform.
- Instantly transfer your cryptocurrencies to USD or other fiat currencies without the need for lengthy transaction times as on many exchanges.
- You can save money by paying low transaction fees (1% for selling and buying)
- It is very user-friendly and easy to navigate.
Is Dogelon Mars crypto a good investment for 2022?
You might be wondering what this innovative coin is all about. There is no evidence that Elon Musk has any connection or affiliation with Dogelon Mars. In May 2021, the price reached $ 0.63. When writing this article, today’s price is $0.17. So we see a drop of 73%. I would call it a risky investment.
According to an anonymous creator, ELON Dogelon will continue to evolve. Dogelon, an ERC20 cryptocurrency based on Ethereum blockchain, is called Dogelon. According to the website, one quadrillion ELON tokens had been created, and 50% were sent to Vitalik Buterin (co-founder of Ethereum). The remaining half was kept indefinitely in the Uniswap liquidity fund. The Dogelon Mars community also claims to assist victims of scams and rug pullings using ELON Dogelon tokens.
The future will see humanity becoming a multi-planet species. It will lead to the need for interplanetary flights, and more significantly, an interplanetary currency. In this light, Elon Musk, Tesla CEO, has created Dogelon Mars as a universal currency.
Now is the time to speculate about this cryptocurrency’s future and whether it will be the next big thing. As we dive into crypto, we’ll learn more about ELON Mars tokens and decide if it’s worth investing in. Let us look at the latest prices first.
A Brief History of Dogelon Mars
Dogelon Mars started trading on Uniswap in April 2021. It was initially sold at $0.000000002 and quickly rose to $0.00000208. Investors who purchased Dogelon on April 22 saw a return of approximately 100,000%.
An initial DEX offering (IDO) was used to release the tokens. DEXs decentralize exchanges, and they use blockchain technology to power the exchange rather than centralized entities like Robinhood or Coinbase. The initial maximum supply of cryptocurrency is one quadrillion tokens, and don’t expect it to rise above $1 anytime soon.
Dogelon Mars was similar to Shiba Inu. It sent half of its 500 trillion tokens to Vitalik Buterin, the Ethereum founder. Although it is unlikely that Buterin will ever sell his Dogelons, this still risks the coin. The asset’s price would plummet dramatically if Vitalik Buterin sold it.
The other half of the tokens were sent over to Uniswap’s DEX to provide liquidity for traders. The market decides the price of Dogelon Mars without the team’s intervention. However, the token price is increasing quickly, and it is possible that early investors could manipulate its price if they have large enough positions.
How do I buy Dogelon Mars using Coinbase wallet?
Metamask is the best software to use with Uniswap. Coinbase Wallet has more features, making it a better storage solution. Coinbase Wallet allows you to store multiple cryptocurrencies, even ERC-20 tokens. Although you can convert your crypto from the wallet directly, you will need to pay transaction fees. These fees have been rising in recent months. Coinbase is not a place to buy crypto. You can purchase software wallets like Trust wallet and Metamask if you wish to purchase. Connect your wallet to pancakeswap to swap BNB for Dogelon Mars.
Dogelon Mars, a relatively new project, is not listed on any centralized exchanges. Dogelon Mars can be purchased on Crypto.com. Or Gate.io
You must first purchase Ethereum on a cryptocurrency brokerage like Coinbase, eToro, or Gemini to buy ELON. An email address and password are required to open an account. After your account has been verified and funds through an ACH transfer or credit card, you can buy ETH.
The best way to purchase Dogelon Mars
Step 1 – Create an account online.
Uniswap is the best place to purchase Dogelon Mars tokens. To use Uniswap, you will need Ethereum tokens as well as an Ethereum wallet that can connect with Uniswap’s site. You should consider Crypto or Gate.io if you already have a cryptocurrency account to purchase Ethereum.
It is simple to create an account on these platforms. You will need to create an account with these platforms by providing your email address and password. Additional information will be required if you are based in the United States. That includes your Social Security Number, Driver’s License, and Home Address. That is due to the U.S. Securities and Exchange Commission’s Know Your Consumer (KYC), which requires exchanges to give investor information to regulators.
- Coinbase Wallet
- Gate.io (Exchange /Platform)
Step 2 – Buy or Download a Wallet.
A software wallet for Ethereum is required to use Uniswap. Metamask is the best wallet for Uniswap because it offers a Google Chrome extension that allows you to interact with Decentralized Finance (DeFi).
A hardware wallet is a great way to keep your cryptocurrency safe. Hardware wallets are physical devices that store cryptocurrency offline and make it impossible for hackers to access it.
Why is Dogelon Mars such a risky investment?
Dogelon Mars is fundamentally a bad investment. There is no product, no advantage over other cryptocurrencies, and the founder appears to be trying to imitate Elon Musk. Dogelon Mars is a high-risk investment that has seen its price rise by more than 1,000% over the last few days. It is an Ethereum blockchain project that uses the ERC-20 token standard. It uses the Ethereum blockchain to secure its token, but it can also make unique features in the token.
Tokenomics is one of these features. Vitalik Buterin, the creator of Ethereum, received 50% of the initial supply. The remaining 50% was held in the Uniswap liquidity fund. The token was first listed in an initial DEX offering (IDO) on April 22, 2021.
Although plans have not been revealed, the project hopes to create “intergalactic currencies.” The project has very few uses, and its goals are highly vague.
The community of investors is responsible for a large portion of the 100,000% ELON price rise. Telegram and Twitter promoted the project to reach nearly 250,000 people and encouraged them to invest. The community is strong and provides unwavering support for the token.
Although the project claims to be a fork in Dogecoin (though there is not much evidence to support that claim), It operates differently from DOGE and has a higher maximum supply.
Although the founder claims to be Elon Musk, the information is not available. Elon Musk is promoting the token to help attract investors. It is doubtful that Elon Musk has any involvement in the project.
Dogelon Mars Market Capitalization
ELON’s current market capitalization is $1.2 billion, and it was above $1B in October 2021. That puts it in the top 100 cryptocurrencies by market cap. It currently trades at $0.0000022, but it rose almost 4,000% in October.
The current supply of the coin is over 500 trillion tokens, with a maximum pool of 1 quadrillion.
Can Dogelon Mars Reach $0.01?
Many meme coins hope to beat the odds and achieve a price target at $0.01, making investors rich. Dogelon Mars is an exception to this rule. The market cap for the token would reach $5.5 trillion if it reached $0.01 immediately. A market capitalization of $5.5 trillion would equal Bitcoin and nearly twice the entire crypto marketplace. As more coins become available, this becomes less possible.
Although a $0.01 ELOON would make millions, it is nearly impossible to achieve this price target. The maximum supply is just too low to support the price target.