- DOGELON price went up to more than 500% between May 7,2021 and May 11,2021. It lost 80% of the gains in the next three days.
- DOGELON major holder Vitalik Butrein has transferred his major holdings to four addresses. In which one address contains more than 43% of the supply.
Dogelon is currently ranked 149th in the cryptoverse with the market capitalization of $375,477,938.42. The volume of the coin went down by 66% in 24 hours. Dogelon price went up by 17% in the last 24 hrs.
Does A Promise Of Interplanetary Flights Worth Investing In Dogelon?
Dogelon is a hard fork of Doge coin. Dogelon price has seen various ups and downs in the last few days. The coin promises a colonisation on Mars ,interplanetary flights and what not. This can come true in the next 20 years but now the price is showing unprecedented moves. Community of the coin promises to supply the token to the people who are rugged or scammed. Dogelon had no presale which increased the belief of investors. It helped the coin to gain a tremendous momentum in the last few days.
The 50% of the Dogelon was sent to Vitalik as a thank you by Elon Musk. In the last two days Vitalik Buterin has transferred his maximum tokens . He now holds 146,590.1216 ELON which came as a surprise in the community. There were four major address in which the token were transferred by the Vitalik buterin. The three of them has deposited their token in the liquidity pool. Meanwhile the major holder of the coin is now (0xa18e7e408859bc1c742aa566d6acc3f8fd5e7ffd) this address which has more than 43% of the total holding. There can be an unexpected move in the upcoming days in Dogelon in upcoming days.
Technical Indicator Shows That Dogelon Price May Sustain At The Support For A While
The correlation between the Doge and Dogelon price has decreased in the last few days and came to 0.4. The coin has seen a drop from $0.00000223 to $0.00000076 erasing 80% of the value. The price is currently trading near the 50 Daily Moving Average. It is at $0.00000075, making it as a temporary support for the price. On the downside support for the price can be seen at $0.00000030. The resistance for the coin can be seen at $0.0000022.
RSI(Neutral): It is trailing at 46., highlighting its presence in the neutral zone. There is zero slope formation in the RSI , showcasing that price might remain in consolidation for a while. The overall sentiment of the RSI is neutral.
Conclusion
Dogelon promises mars to its investors in the upcoming years. The recent downfall in the price can be for a short term and can soon see a recovery. One should be careful with their investment while investing in Dogelon.
Technical Levels
Major Support:$0.00000075
Major Resistance:$0.0000022