The last few weeks have been on the crypto market in the sign of the meme coin. The trend determined the Shiba Inu token, which literally beat the competition. This shitcoin, as many experts call it, is even in the TOP 10. As is customary, the popularity of one cryptocurrency is also linked to others, which easily achieve a thousand percent gain. One such shitcoin is also project Dogelon Mars.
Dogelon Mars climbed 4,000%
This token has been able to make a profit in the last month 4,000%. This massive gain was also reflected in the overall market capitalization, which stood at $ 26 million. Dogelon Mars it is currently up in the TOP 100, specifically in 92nd place.
The biggest influence on the growth is certainly listing on the OKEx exchange and also Crypto.com.
Thank you Martians for all of your overwhelming support to get us listed on OKEx. It is only one of many stops on our intergalactic mission. $ ELON emissions are being transported to your wallets right now!
– Dogelon Mars (@DogelonMars) October 28, 2021
However, a significant factor needs to be noted. Currently, most meme coins and various dog-themed shitcoins are trying to seduce the hype caused by the Shiba Inu project. As I have mentioned several times, the world of cryptocurrencies often has absolutely no logic. And this is exactly the case.
Similar projects that have made huge profits are, for example, Samoyedcoin with a profit of 2,925% or Hoge Finance with a profit of 2,923%. Very little is enough and the people who invest in these shitcoins are suddenly millionaires.
“Every time one of these coins starts pumping, everyone starts to think it could be another pointless rally. It’s a casino that’s a lot more fun than roulette, “said Eric Wall, chief investment officer at Arcane Assets.