Over the last one week, cryptocurrency token Dogelon Mars (ELON) has surged by nearly 50 percent, competing with Dogecoin and Shiba Inu.
The meme crypto’s logo features a Shiba Inu with the hair of Tesla Inc. CEO Elon Musk, and trumpets his ambitions to take humans to Mars.
“Dogelon Mars is venturing into the next phase of development, building DeFi and staking opportunities with a new contract. At this very moment, construction is underway as the community leaders introduce DeFi and a new token to the ecosystem.”
The team is also aiming to introduce the xELON governance token, which will be used to vote on initiatives, coordinate protocol decision-making, distribute grants from the treasury, and more.
DOGE has surged by more than 11 percent in the past seven days.
SHIB is up more than 9 percent this week.
Dogelon Mars is a dog-themed meme coin on Ethereum and Polygon.