Elon Musk-Inspired Meme Coin Rallies 28%, Leaving Dogecoin, Shiba Inu In The Dust

Dogelon Mars ELON/USD, a meme coin, is rallying more than 28% in the past 24 hours, even as Dogecoin DOGE/USD and Shiba Inu SHIB/USD were muted.

What Happened: At the time of writing, ELON was trading at $0.00000039. The intraday volume increased by 64% since the last day, reaching a $6 million milestone.

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The price boost for ELON came in after on-chain fantasy sports platform Rage Fan on Saturday partnered with the meme-coin ELON to present blockchain gaming specifically for people who hold the ELON token. The partnership features complimentary Call of Duty tournaments for ELON token holders.

🕹️Recently, Rage Fan collaborated with @DogelonMars to introduce blockchain gaming for $ELON Holders.

To Celebrate this partnership, we are delighted to announce Free Call of Duty Tournament for $ELON Holders.

🎁Giveaway: 20000000+ $ELON

Read More👇https://t.co/U9DH3mEGww pic.twitter.com/HcnlxUisin

— Rage Fan (@RageFanSocial) November 3, 2022

Dogelon Mars is tapping into a few well-known trends in the meme coin scene. The name is a combination of Dogecoin and Musk. Apart from the humorous name, Dogelon Mars has managed to generate a large following, with over 455,000 Twitter followers.

Price Action: At the time of writing, Dogecoin was trading at $0.10, up 2%, while SHIB was at $0.000009377, up 0.92% in the last 24 hours, according to Benzinga Pro.
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