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Elon Musk-named meme token ‘Dogelon Mars’ gains nearly 4000% in October -Breaking

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So-called meme cryptocurrency, named Tesla (NASDAQ:), and SpaceX CEO Elon MuskThe value of the currency is on the rise, with a staggering 3,780% increase in October.

Dubbed Dogelon Mars (ELON), the cryptocurrency reached $0.00000233 Saturday—its highest level since May 13—after opening the month at $0.00000005 (data from Poloniex).

The ELON/USDT daily chart shows its record high. Source: TradingView
The top meme cryptocurrencies based on market capital Source: CoinMarketCap
Bull Flag hourly chart for ELON/USDT TradingView