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The shitcoin era? Dogelon Mars achieved a profit of 4,000% in the last month!

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Dogelon Mars
Dogelon Mars. Source: Google

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.

Dogelon Mars climbed 4,000%
source: tradingview

The biggest influence on the growth is certainly listing on the OKEx exchange and also

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.

Meme coiny

Meme coins. Source: CoinMarketCap

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.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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