Dogelon Mars (ELON) Price Prediction 2024/2025/2030

What is the latest Dogelon Mars price prediction? How are meme tokens holding up in the bear market? Unlike random price predictions, this Dogelon Mars price prediction piece considers a number of factors to answer these questions. Weekly/daily chart patterns, price changes over time, trendlines, Fibonacci levels, and mindful data extrapolation are all factored in.

Dogelon Mars and its native token ELON aren’t particularly known for their fundamentals. Despite this, we’ve put together a few on-chain, social, and token-specific insights to piece together a price prediction.

Dogelon Mars price prediction: The role of fundamental analysis

Before we get to the charts mentioning the price of ELON, let us look at the roadmap of the project. 

Dogelon Mars roadmap

The token is over a year old and has some history behind it.

The project existed in April 2021 with a fixed supply of 1 quadrillion tokens. The same total supply cap as Shiba Inu.

The Dogelon community also donated to Vitalik Buterin — the man behind Ethereum — giving away 50% of the total supply. Vitalik gave 43% of his ELON holdings to the Methuselah Foundation as a charity.

The remaining half of Dogelon’s supply reached Uniswap’s liquidity pool. And it was nothing short of a credibility-generation move. Here is how:

Does Dogelon Mars have credibility?

Dogelon Mars moved ELON tokens and 40 ETH to the Uniswap liquidity pool to maintain pool balance and liquidity. In return, they received liquidity provider tokens. However, the Dogelon community chose to burn the LP tokens to show that they weren’t in the space to make quick money.

Dogelon Mars’s initial vision was, and still is, to help victims of crypto scams. It’s heavily community-backed and includes the more philanthropic holders in the space — known for airdropping ELON tokens to scam victims.

Another credible aspect of Dogelon Mars is how the token is distributed. Unlike other memecoins in the crypto space where whales can even hold over 90% of the supply, Whales only hold close to 74% of the circulating supply.

Dogelon Mars history

ELON has extended its presence to the Polygon blockchain. This development adds to the token’s overall credibility. 

Dogelon began life as an Ethereum-backed ERC-20 token. It now also has a presence in the Polygon ecosystem. Over time, the Dogelon community has amassed a significant Twitter presence, with over 463k followers as of 2024.

Dogelon Mars use-cases

The future looks bright with the Dogelon community closely monitoring widespread DeFi adoption. 

In addition to holders who are willing to bail out scam victims, Dogelon Mars aims to further an intergalactic story with its expanse. It is a fantasy-driven memecoin: the focus is on acting as a unified form of payment once “Mars is recolonized in 2420.”

While the real-world use cases are still amiss, ELON tokens can be used with transactions with a compatible crypto wallet, such as MetaMask.

For now, here are the use cases in play:

1. Playing along with the recently launched NFT project/comic book, where the main character is the Dogelon mascot. 
2. Fund transfers using the top DeFi protocols courtesy of its ERC-20 parlance.
3. Diverse partnerships, including the one with HTX, where the project stands for distributing Space NFTs to other rewards to the HTX Mars Program participants.
4. Expected development of a governance token named xELON.

“If you want to maximise this bull run, you must pick the right narratives. Last cycle, we saw L1s, DeFi and metaverse coins explode. This cycle, institutions are pouring capital into THESE narratives.”

Miles Deutscher, Crypto Analyst: X

There is no clarity on the roadmap of the Dogelon Mars token. However, the community has plans to bring forth an xELON token to speed up DeFi adoption, staking, and project governance. 

The community has been planning this for a long time. Here is a tweet from October 2021:

Dogelon Mars tokenomics

ELON has a market cap of $89.9 million as of February 2024. And while it has a supply of 1 quadrillion tokens, 55% of these are already in circulation.

About the market cap progression, Dogelon Mars’s market capitalization has dropped significantly since its October 2021 high of 1.21 billion. Since then, ELON, the native token, has corrected a lot, with the market cap dropping almost to the launch levels. But this has slowly started to look up in 2024.

Dogelon Mars and crypto markets

The memecoin has a decent trading spread, showing credibility and a long-term use outlook.

Despite being a memecoin, Dogelon has a diverse exchange presence. Here are the top centralized and decentralized exchanges where you can trade ELON pairs. 

Do note that some exchanges even report decent liquidity scores, above 500, and high trading confidence.

Dogelon Mars on-chain growth

Whale presence is problematic for the price if there is a market-wide sell-off. However, the growth of holder activity shows that people are more inclined to hold onto the tokens instead of selling them.

ELON holders have gradually increased in the bear market. Here is a quick pattern from 2022. Despite the bear market, people were seen holding onto ELON.

The token summary from 2022 showed that 25% of active ELON holders were in profit. And what’s exciting is that 61% of holders are long-term investors and hadn’t sold off their holdings even in the bear market. This development showed confidence — something we based this Dogelon Mars price prediction on.

However, the top 100 holders having close to 86% of ELON’s circulating supply was always a cause for concern and did see ELON correcting by over 50% in 2023. Here is an old data set that shows how early we were to predict ELON’s dip.

Dogelon Mars social presence

The price of ELON tokens responds positively to social sentiments.

The price of ELON is directly related to social hype. Social mentions shot up close to Oct. 27, 2022, when Elon Musk officially took over Twitter.

Prices surged as a result. With Elon Musk still in control of Twitter, the positive sentiments around Dogelon Mars are not random.

The discussions reveal that ELON is most certainly more connected to social sentiments than the fundamental metrics.

And just before the technical analysis, it makes sense to discuss the relationship with volatility. Every time the volatility metric forms a low, the price of ELON surges. We might be heading towards the same territory as of, early 2024, expecting a possible surge in prices.

Dogelon Mars price prediction using technical analysis

Before we move deeper into the broad-spectrum analysis of ELON, let us quickly understand the short-term possibilities, if any.

Short-term price analysis of ELON

ELON is currently trading at $0.00000016, but if it keeps moving higher, the next level to watch out for would be $0.0000002.

ELON seems to have broken out a long-standing pennant pattern, which is a sign that it might just keep moving higher. Even the recently recorded volatility metric indicates the same.

Let us look closer at how we used ELON’s weekly chart and patterns to decode the long-term price points.

Weekly pattern

Outlook: Bullish

This is what the Dogelon Mars price chart and technical analysis look like. First of all, here is a bird’s eye view of the price action.

The weekly chart offers the following information:

1. ELON tokens started trading low.
2. The price of ELON tokens surged a few weeks after launch.
3. Prices dropped again and have been dropping since.
4. The vertical line separates into similar-looking halves as part of the Foldback pattern.

This means the right half is a mirror image (not an absolute replica) of the left half. So if historical information is to be believed, a similar trading pattern might soon show up, this time making highs. 

If we draw a hypothetical path from the current lows, you will notice that the current chart again makes mirror-like foldbacks.

Inference: It won’t be surprising if the price of ELON surges in the near term.

Daily pattern

Outlook: Bullish

Here is the zoomed-out daily chart for ELON. We noticed a pattern.

The first cluster of yellow circles illustrates a pattern of four lower highs. Similarly, the second cluster, marked by red circles, displays the same pattern of four lower highs. Likewise, the third cluster, distinguished by gray circles, exhibits four lower-high patterns.

As per the four lower-high patterns, another high might be on the way for ELON tokens.

Price change

Outlook: moderately bullish/neutral

Look at the daily chart. The patterns are as follows. Point A to Point B during the first double-top formation and C and D during the second double-top formation.

Look carefully; you will see that one top formation, E, is already there. ELON forms a bottom and curves towards a new high (G) to complete the double top formation.

Now let us calculate the price change percentage and timing to see where and when this high can show up:

Table 1:

Table 2:

Per the table, the time between E and G can be anywhere between 23 days and 55 days. Let’s average it and say the time frame is 39 days.

The percentage change could be anywhere between 29.5% and 4%, per market conditions. The average percentage would be 16.75% or, rather, 17%.

So if E is at $0.0000005799, G might be at $0.0000004813. And the time frame should be 39 days from Oct 29. 2022, which is Dec. 7.  

Considering the bearish market conditions, this might go anywhere into January 2023. 

Also, we saw the price of ELON tokens is directly related to social sentiments. If Elon Musk makes a sudden statement, price predictions might come true more quickly than projected. 

Medium-term highs and lows

Outlook: Bullish

While the immediate move for ELON could be to $0.0000004813, it isn’t the absolute high for the next year. For that, we need to look at the time taken from the previous low to the current high. We would also consider the time taken to move from the low to high.

For the first cycle, take the low as X and the next high as C. 

Table 3:

For the next cycle, take the low as Y and the high as D.

Table 4:

For the next cycle, take the low as Z and the high as E.

Table 5:

As seen, with ELON, prices can move within days. Or they might take months.

Now, if we take the average of the time taken from one low to the next high, we get (65 + 2 + 132)/3 = 67 days approx.

The average % change as per the patterns is (154 + 66 + 162)/3 = 127% approx.

Mid-term projections

Hence, if the low for this cycle is at $0.0000002553 on Nov. 21, denoted by O, the next high could be Jan. 27, 2023, at $0.0000005795. 

ELON has already made a higher low pattern in 2022, with Point O placed higher than Point Z. Therefore, the lowest point for the next swing might be higher.

If we place the Fib retracement indicator on the daily chart, the next low could be at $0.0000003218, which coincides with the 23.6% Fib level. However, this is true only if ELON manages to breach $0.0000005795 and continue the higher low pattern formation. 

If $0.0000005795 is reached, ELON will successfully make a new higher high. This rally might start in 2024 if sentiments are in line and the bulls take over.

Dogelon Mars (ELON) price prediction in 2024

Circling back to previous calculations, $0.0000005795 looks like a reasonable projection for a 2024 high. Do note that in 2023, ELON did manage to move as high as $0.00000042, based on our expectations. And while $0.0000005795 was more of a 2023 expectation, we now feel that ELON is due this kind of upmove.

The low could show up at $0.00000016, the level ELON is currently trading at.

Projected ROI from current levels: 262%

Dogelon Mars (ELON) price prediction in 2025

We must head back to the weekly chart for Dogelon Mars price predictions in 2025. 

Placing the Fib extension indicator on the weekly chart shows some key levels for ELON. Provided it breaches $0.0000005795 in 2024, we could see it move towards the 261.80% Fibonacci level of $0.0000007804 by 2024-2025. That is a 34.60% growth from 2024.

However, if the xELON-specific staking use case shows up by then, we can expect the price of ELON to go up to $0.0000009917.

Projected ROI from current levels: 524%

Dogelon Mars (ELON) price prediction in 2030

If ELON can cross $0.0000009917 by 2025, the next hurdle would be $0.0000012850. If we consider the progress as linear and consider average price growth, we can expect a 31% gain in 2026–2027 compared to 2025.

Therefore, the high level for 2026–2027 could be $0.0000012991. This level will breach the existing lower-high formations on the weekly chart and could kickstart a bull run till 2030. The projected price in that case for 2030 could be near the all-time high formation of $0.0000026649. 

Note that this considers one bear cycle, where yearly gains wouldn’t be more than 5% to 10%.

Projected ROI from current levels: 1562%

Dogelon Mars (ELON) long-term price prediction

Here is a table to show what a long-term price prediction model for Dogelon Mars could yield.

The price predictions take a minimum yearly growth of 7% into account. However, price predictions might change in long bear cycles and with sentimental moves like Elon Musk making announcements.

How accurate is the Dogelon Mars price prediction?

The Dogelon Mars price prediction is fairly sustainable and realistic. However, the accuracy will depend on market volatility going into 2023 and beyond. Keeping track of all meme coins and tokens in the space is also advisable. In most cases, a rally at one counter leads to a surge in another.

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