Dogecoin (DOGE) seems to be the best-performing cryptocurrency in the market following the flurry of news from the Elon Musk-Twitter acquisition. Dogecoin has exploded over the last few days to a 5-month high, and crypto enthusiasts are considering the potential of more price pumps. Also, the price pump is influencing the decision of people to look for opportunities in other memecoins like Rocketize Token (JATO), which is still on presale.
Dogecoin is famous for its massive price pump in May 2021 after Elon Musk showed support. To date, that price pump is said to be responsible for the bull run of 2021, as it ushered in new money from other financial markets. Also, allowing emerging projects a lot of space to grow, the market was booming with venture capitalists and other institutional funds. Last year DOGE’s pump was in a bear market, and seeing as it is starting to show strength again, good things might happen to new and existing cryptocurrencies.
With a total market value of over $11.6 billion, Dogecoin is currently the ninth-largest cryptocurrency, according to CoinGecko. Solana, valued at $32 per token and $11.5 billion in total market cap, is the tenth-largest. In contrast to other rallying altcoins, Dogecoin has grown especially strong over the last week. The price pump is, however, not surprising as the memecoin has shown a pattern of reacting to Elon Musk’s news.
Dogecoin (DOGE) is the first memecoin created as a joke to the market trend in 2013. At the time, emerging projects were uncreative, copied Bitcoin’s source code, and made minor changes before selling it as an original project. Dogecoin creators decided to make a joke out of this, and the memecoin was created in a few hours. The market bought into the joke, and it became an internet meme.
Some years after, it has become a culture in the cryptocurrency market to create memecoins. Moreso, they have turned out to have high trading volumes and massive price pumps. Dogecoin’s popularity came from the support shown by Elon Musk, and with the Twitter news trending at the moment, the price has been reacting positively.
This DOGE price pump is higher than any it has in the past few months, and users are looking at the possibility of the memecoin being used for payment or rewards on Twitter, seeing as Elon has always integrated a DOGE payment method in all of his businesses including Tesla and SpaceX. With possible announcements of partnerships with Twitter creators, DOGE could be huge while the multi-billionaire owns Twitter.
Rocketize Token (JATO) is a new memecoin created on the Binance Smart Chain and looks to create wealth with its DeFi possibilities. Over the past few days, it has gained traction as users are looking to buy the next big memecoin for cheap. Cryptocurrencies like Dogecoin and Shiba Inu have grown too big for the massive price pumps memecoins are known for. Users are therefore looking to buy Rocketize Token on presale, where it is selling below market price.
Existing on the Binance Smart Chain will enable ease of use, especially as the meme project is looking to onboard users unfamiliar with cryptocurrencies. BNB Chain is one of the top chains for DeFi; hence, there’s an on-chain fund that catalyzes the growth of new projects. Rocketize Token is looking to push memes and its token to a massive price pump.
JATO is a token projected to “go to the moon,” a crypto slang for price pump. This explains the rocket and astronaut memes, seeing as users buy into the fun. This could be huge, and you don’t want to miss out.
Rocketize Token (JATO)
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