The cryptocurrency industry has been evolving, and when Bitcoin and Ethereum do not meet the expectation in the last two years, crypto enthusiasts are focusing more on meme coins such as Dogecoin, Dogeleon Mars, Shiba Inu, and Pepe Coin.
Dogeleon Mars and Pepe Coin are two of the newest meme coins that have gained attention in the market because of heavy price movement, volume, and new developments. Read on to find out more about these meme coins.
The 2021 Meme Coin Wonder: Shiba Inu (SHIB)
Let’s not forget about the top competitors of Dogecoin. In 2021, Shiba Inu (SHIB) became a top competitor of the leading meme coin DOGE. It makes trading easier and more user-friendly. In 2020, SHIB did not have major use cases, but in the second half of 2021, the developers started working on preparing ‘Shibaswap.’ It is a decentralized exchange for traders where users can trade crypto tokens.
Dogelon Mars (ELON) Evolved as Top 2022 Meme Coin
Dogelon Mars (ELON) came into the market in 2021, and it is an interplanetary, futuristic theme that also features some DeFi tools. It is a fork of the Dogecoin blockchain, which is why it is similar to DOGE. It has different objectives, such as envisioning a time when humans will explore Mars and other stars and species from other planets will travel to this world. So, it could be a key exchange medium between different species. The supply of ELON coins was maximum, but the developers halved the supply by burning coins on the Ethereum wallet.
Pepe Coin (PEPE): It’s Time for the 2023 Meme Blast
In 2023, PEPE is getting more focus than other meme coins. Many analysts and experts are focusing on the traded volume on different exchanges. However, PEPE is still illiquid in many popular exchanges because the largest Pepe Coin holder is holding more than $1 million worth of tokens, which means too many coins are in a few hands, which makes it a risky investment for the long term.
In the last week, the frog-themed token has reached a market capitalization from a few thousand dollars to $140 million, which created massive hype in the industry.
However, it is still less popular than Dogelon Mars. Are you interested in investing in ELON? Read the following to know more about the price action of Dogelon Mars.
Dogelon Mars started this year with an uptrend. Still, now it is underperforming compared to the other mainstream cryptocurrencies like Bitcoin and Ethereum because, at the time of writing this post, ELON/USD is trading at $0.0000003, which is around the support that it took in November 2022.
Overall candlesticks are forming in the lower Bollinger Bands, and RSI is in the oversold zone that suggests a downtrend for the short term, but it could be the right time to invest for the long term because Dogelon Mars may rise in the next few years.
On the weekly chart, it is forming a higher low. It will be bearish if it breaks the long-term support around $0.000000h, but the probability is less. Based on our algorithmic Dogelon Mars price prediction, ELON/USD will cross the level of $0.0000004 in 2023 and cross $0.000001 in 2024.
Moreover, in the next five years, you can expect a price of around $0.000005, so it is the best time to invest a small amount in it for long-term gain.