Dogelon Mars blasts into AI NFT space
Dogelon Mars (ELON), the meme-inspired cryptocurrency named after Tesla CEO Elon Musk, announced the launch of artificial intelligence (AI)-generated non-fungible tokens (NFTs). This strategic change aims to revitalize the ELON ecosystem.
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— Dogelon Mars (@DogelonMars) September 18, 2023
Previously, the project’s team teased the crypto community with tweets, hinting at the possibility of “effortlessly building a future on Mars with AI.”
As part of this innovative pivot, Dogelon Mars has unveiled plans to introduce a new collection of non-fungible tokens during the launch event. The project has taken a community-focused approach by offering ELON token holders an initial two-hour period, known as the Allowlist period, during which they can mint their AI NFTs.
The NFT collection has a maximum supply of 9,000 tokens, each with a coin price of 0.009 ETH. At the time of writing, 1,756 NFTs have already been minted. This step aims to engage and reward the Dogelon community while injecting new enthusiasm into the project.
Challenges and price volatility
Despite the initial excitement surrounding Dogelon Mars and its meme-inspired origins, the cryptocurrency has faced significant challenges in the market. Its value has suffered a dramatic decline, resulting in significant losses for long-term investors.
At the time of writing, ELON’s price is down over 99% from its all-time high of $0.000003263 on July 31, 2021. According to CoinMarketCap, the token is currently trading at $0.0000001333 and has been up year to date decreased by 45%.
Dogelon (ELON) annual price chart (Source: CoinMarketCap)