Shiba Inu and Dogecoin competitor shoots up 50%

A Shiba Inu (SHIB) in Dogecoin (DOGE) competitor has skyrocketed in value this week while Bitcoin and many other crypto projects have seen significant price increases.

From the same corner Dogelon Mars (ELON) has skyrocketed nearly 50% in the past seven days and is trading at $0.000002 at the time of writing. The 126th ranked crypto asset by market cap appears to be derived from Elon Musk’s ambitions to bring humans to Mars.

When the token was first dropped, 50% of the stock was airdropped to Ethereum founder Vitalik Buterin. Within two months of the token’s launch, donated Buterin’s entire ELON stack to the Methuselah Foundation, a non-profit medical charity for life extension and longevity research.

ELON is now also the most traded token among the top 1000 ETH whales, according to crypto tracker WhaleStats.

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???????? JUST IN: $ELON has flipped $LINK to become the most traded token among the top 1000 ETH whales ????????
???? $ELON ups 35.99% in the last 24hrs, with a current price of $0.000001781
Source: https://t.co/N5qqsCShZR
#Dogelon #dogelonmars https://t.co/QDqcxAKYZ4—

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Last month, ELON’s price rose more than 100% in response to a project update from the Dogelon Mars team regarding their next phase of development, bringing decentralized finance (DeFi) and staking capabilities to the platform.

Other meme coins have also seen price increases this week: DOGE is up more than 11% in the past seven days and is trading at $0.187373 at the time of writing.

SHIB is up more than 9% this week and is trading at $0.000037 at the time of writing.

Bitcoin (BTC) becomes traded at $51,045.67 at the time of writing and is up more than 10% in the past seven days.

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