Another well-known ELON, Dogelon Mars, surpasses Bitcoin as the cryptocurrency that is most frequently discussed

Quick Take

• Dogelon Mars tops the list of most-discussed cryptocurrencies, even surpassing Bitcoin, according to professional market statistics.
  
• Despite the rise in Bitcoin prices, price movement on the meme coin has remained positive, and traders are optimistic.

More recently, Dogelon Mars has had a growing presence in the crypto and meme coins space.

CryptoCaster Quick Check:

What took place? Based on the increase in the discussion rate percentage, behavior analytics platform Santiment revealed that Dogelon Mars was the asset that was rising the fastest. The token’s network size recently experienced a rise, meaning more addresses were being created than before. The second and third items on the list were Bitcoin and FINSCHIA’s native token (FNSA).

Positive attitudes accounted for 62% of the interactions on ELON, neutral attitudes for 19%, and negative attitudes for 18.7% of all dialogues.

Price Sentiment: With the recent rise in Bitcoin prices, Dogelon Mars had a 1.7% price increase at the same time as the daily trading volume nearly doubled. The gain over the past week was 5.1%, while the gain over the past month was 4.1%. The token’s price has had a difficult year, dropping 46.5%, and it hasn’t come close to reaching its all-time high levels from 2021.

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Even though Dogelon Mars was the most talked-about meme coin, only 14% of investors found it to be a successful investment strategy.

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A whale bought about 1 trillion Dogelon Mars tokens for $125,000 at the end of August, prompting a large 14% rise in 24-hour trading, according to Dogelon Mars.

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