For some time now, the most popular cryptocurrencies have been Bitcoin BTC/USD, Ethereum ETH/USD, Ripple XRP/USD, Dogecoin DOGE/USD and Shiba Inu SHIB/USD.
More recently, Dogelon Mars ELON/USD has had a growing presence in the crypto and meme coins space.
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What Happened? Behavior analytics platform Santiment disclosed Dogelon Mars was the fastest-rising asset based on the discussion rate percentage increase. The token also saw a recent surge in network growth, indicating new addresses were being generated at an increased rate. Bitcoin and the native token of FINSCHIA (FNSA) followed on the list at second and third positions.
Also Read: Crypto Crash: Over 80% Of Shiba Inu And Other Crypto Investors Are Underwater
The majority of the discussions on ELON had a positive sentiment of 62% while 19% had neutral opinions and negative attitudes account for 18.7% of total conversations.
Price Sentiment: With Bitcoin prices on the run-up in the past 24 or so hours, Dogelon Mars saw a 1.7% price surge at the same time with an almost 40% expansion in daily trading volume. The past week had an increase of 5.1% while the one-month gain stood at 4.1%. In the past year, the token’s price has seen a rocky ride with a 46.5% drop and it had not reached anywhere close to its all-time high levels in 2021.
Although Dogelon Mars was the most talked-about meme coin, it was a profitable investment tool for only 14% of investors.
In late August, Dogelon Mars reported a significant 14% increase in 24-hour trading amid a whale purchasing almost 1 trillion Dogelon Mars tokens for $125,000.
Read More: Dogelon Mars (ELON) Rockets 14% After Whale Acquires 1 Trillion ELON Tokens, Outperforms Shiba Inu, Dogecoin Gains
Photo: Elon, Pellegrino Prevete, CC0 public domain, via Wikimedia Commons