Tesla CEO Elon Musk is one of the most influential people in the cryptocurrency space, and he has inspired the creation of some meme coins in recent months. One of the meme coins is now performing well after getting listed on some major exchanges.
Dogelon Mars (ELON), the meme coin inspired by Tesla CEO Elon Musk, has made it to two major cryptocurrency exchanges. The meme token was recently listed on Huobi and Gemini cryptocurrency exchanges.
The token combines the popularity of Elon Musk and Dogecoin and Musk’s desire to explore beyond the Earth and into Mars.
Huobi, one of the leading cryptocurrency exchanges in the world, announced yesterday that it had listed Dogelon Mars on its platform, making it easier for millions of traders to access the meme coin.
The announcement was followed by another from Gemini, the exchange owned and operated by the Winklevoss twins. Gemini also announced that it had listed MARS on its platform, and the token can be traded against the US Dollar, the Canadian Dollar, the Euro and the British Pound.
MARS Rallies Following Multiple Listings
The value of MARS has soared massively over the past few hours as the coin was listed on major exchanges. At press time, MARS is trading at $0.000001766 per token, up by more than 34% in the past 24 hours.
Over the past week, the token’s price has surged by more than 500m outperforming numerous tokens in the process. The market cap of the token was $15 million a week ago, but it now stands above $120 million.
The rally comes as the broader cryptocurrency market slowly recovers from its recent slump, with Bitcoin now trading above $51k per coin.