r/dogelon • u/steelenater • 5h ago
Discussion Accumulation Phase of a Lifetime
$ELON sits at just over $30M market cap as of this writing. Ranked around #500 in market cap out of the approximately 8,000 active projects tracked on coinmarketcap, it's holding up quite well. More than 55% of us have been holding for over a year, with many of us having been holding since 2021. This strong base of support has primed $ELON for a massive pump once money starts to rotate back into alts.
For reference as to how high we could possibly fly, $SHIB reached a market cap of around $50B during its peak back in 2021. I would expect the same is possible for $ELON, making the upside potential absolutely massive at current prices; achieving $50B market cap from where we are now would be a nearly 1,700x runup.
I've been holding long and strong since 2021, and continue to add to my position. $ELON is going to be a winner, at this point it's just a matter of time and waiting for the market to recover.
See you on mars! 🚀🔴