Dogelon Mars Gains Nearly 4000% in October

A cryptocurrency named after Tesla CEO Elon Musk raises in value, notably by a whopping 3,780% in October.

Dogelon Mars (ELON) cryptocurrency hit $0.00000233 on October 30 — its highest level since May. At the writing time, Dogelon Mars is trading at $0.000002145 with a 24-hour trading volume of $735,132,425. Thus, it means Dogelon Mars is up 37.59% in the last 24 hours.

In addition, this impressive bull run drove Dogelon Mars' market cap from around $26 million on October 1 to around $1.19 billion on October 30. Therefore, it makes Dogelon Mars the 92nd-largest cryptocurrency in the world in terms of market capitalization.

Note that ELON's October increases came from its performance on October 29 and 30, when the token surged by over 200% after a listing on OKEx and on October 29.

According to analysts, Dogelon Mars (ELON) impressive gains come after investors who missed Shiba Inu and Dogecoin rallies are looking for alternatives to make more money.

Notably, SHIB the "Dogecoin Killer" increased by over 850% in October, reaching $38.50 billion and finally surpassing Dogecoin itself. So, is Dogeelon Mars the next Shiba Inu?