The Crypto market turns bearish even though leading coins have been buying Bitcoin to keep its price only growing. For example, Terra (LUNA) developers are buying BTC to hold as an asset. Cryptocurrency hype is obviously over and can be initiated again in a couple of years. However, true crypto millionaires are happy to see the masses selling their coins and even NFTs this year. The same price movement is seen in the popular crypto Dogelon Mars (ELON) which is based purely on memes.
Currently ELON token has three contracts with Solana, Ethereum, and Polygon. Maybe the additional funds available for the creator team may be exploited for buying ETH, MATIC, and SOL as assets. Unlike Shiba Predator, in two or three years the market will surely be unfriendly for crypto as it has reached its peak already while BTC price is artificially pushed up and this may happen not for long.
At the end of October 2021, the ELON token was trending and soaring to record highs but this continued not for long. In just three days it has lost 80% of its value when long-term holders started selling. Later on December 24 of that year, the token could bounce again to $0.000001789 only. These bumps can be repeated again but not soon. Therefore, visionary traders should only keep buying Dogelon Mars if they have a clear goal to be millionaires in four or five years like Stonedpipes does as a crypto millionaire.