01 Nov 2022 · 2 min read

Is Dogecoin Price Move Over - Dogelon Mars Predicted to Pump Next?

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Following Elon Musk's recent acquisition of Twitter many dog themed meme coins have gone parabolic, including Dogelon Mars. 

Over the last few days Dogelon Mars meme coin has pumped over 100% as high as $0.0000005736 as the euphoria sets in.

A short term pull back might be coming and buying in now could be risky. Which alternative altcoins could have greater upside potential? 

Dogelon Mars (ELON) Price Prediction

Meme coins are in a trend once again, we've seen Dogecoin rising, Shiba Inu looking rather bullish, and Tamadoge over quadrupling in trade volume. 

Dogelon Mars is also sparking up some interesting candles on the price charts, though buyers should resist any sensation based around FOMO as chasing parabolic moves like this can lead to large losses. 

Before the Elon Musk announcement Dogelon Mars had been trading sideways in an accumulation range for around 72 days.

Now Elon Musk has purchased Twitter there are speculations of integrations for crypto wallets to be used on the social media platform.

This particular news has driven the price of many major meme coins, Dogelon Mars included.

ELON/USDT - Daily Time Frame.

The above chart reflects Dogelon Mars (ELON) soaring up to $0.00000058 and correcting perfectly down to the 0.618 Fibonacci at roughly the $0.0000003874 level.

Since then the price has briefly recovered and is now trading at $0.0000000445. This particular impulse wave also led Dogelon Mars (ELON) to be overbought on the daily relative strength index which means there is a possibility there might be a reversal. 

Right now the price action seems to merely depend on speculation of the Twitter acquisition and what Elon Musk might plan next. 

Who knows what kind of surprises he may have in the pipeline in regards to cryptocurrency integrations to Twitter? 

ELON/USDT - Weekly Time Frame.

Zooming out on the price charts for Dogelon Mars (ELON) it is quite easy to see that the overall trend is down. 

This could just be an anomalous pump with no real strength behind it. 

Dogelon Mars (ELON) is still down 84% from the previous all time high set in mid-2022 and has a long long way to go in order to achieve a full recovery. 

Calvaria More Potential than Dogelon Mars? 

Dogelon Mars (ELON) is not the only altcoin oozing with potential right now, an exciting new immersive and captivating play-to-earn card battle game will be launching soon known as Calvaria.

Aside from Calvarias extremely bullish looking tokenomics and maximum supply of just 1 billion tokens, Calvaria is currently in pre-sale phase which gives it massive upside potential upon launch. 

In just over a week Calvaria has already raised a whopping $1,045,258 which reflects massive investor appetite and strong traction. 

With retail and investor interest like this we could see Calvaria potentially return a 2-20x for early investors who receive the most cost effective entry. 

Calvaria will be in the limelight of P2E battle card games once it launches. It has the competitive edge similar crypto P2E card games and many more major unique selling points. 

Interested parties can purchase Calvaria ($RIA) tokens by connecting their MetaMask on the erc-20 network and converting either USDT or Ethereum into the desired amount of tokens.