With the growing popularity of meme tokens in the cryptocurrency market, more tokens are being introduced to capture people’s attention. Meme coin usage and enthusiasm peaked in the crypto industry in 2021.
The two most renowned meme coins of the day, which began as jokes or memes, are now controlling the crypto market, ranking among the top 50 cryptocurrencies by market valuation. Dogecoin (DOGE) and Shiba Inu (SHIB) are the two coins.
Almost everyone with a passing interest in cryptocurrencies should be aware of these two meme tokens. Many meme tokens have subsequently been launched due to their enormous popularity.
Over 300 meme tokens were listed on CoinMarketCap till April 2022. As a result, the meme culture in the cryptocurrency industry is fast expanding.
Rocketize (JATO) will launch shortly. Some aspects of this currency may set it apart from the other meme tokens in the crypto market. Let’s take a closer look at what they are and what this meme token offers.
Dog Day Afternoon – Dogecoin (DOGE)
Jackson Palmer and Billy Markus founded Dogecoin (DOGE), a cryptocurrency, in 2013. It gets its name from the Shiba Inu dog that acts as its mascot.
The market capitalisation of Dogecoin (DOGE), which has seen considerable growth, has surpassed $7 billion. Dogecoin was created as a joke in response to a widely circulated Shiba Inu meme (a Japanese dog breed).
The proof-of-work algorithm is the same as that of Litecoin. A dedicated community of Dogecoin users swap it and utilise it as payment for social media content recommendations.
However, the 2022 bear market events have hugely influenced it, as they have on all cryptocurrencies. Despite this, we believe Dogecoin (DOGE) might be a rewarding investment right now.
Because of its cheap price, many investors can afford it, and its intended function as a quirky coin may help it stand out in a sea of more serious cryptocurrencies.
Has This Dog Had Its Day – Shiba Inu (SHIB)
Shiba Inu (SHIB) is a well-known meme currency that began as a joke token, similar to Dogecoin (DOGE). Nonetheless, it has matured into a fascinating cryptocurrency with several real-world applications. It is a one-of-a-kind payment system that supports online transactions without expensive intermediaries.
The Ethereum (ETH) blockchain is the foundation for the platform’s decentralised protocol. Because it is based on the Ethereum (ETH) network, the SHIB token is interoperable with many other tokens.
SHIB tokens are utilised in the Shiba Inu ecosystem for yield farming, staking, trading, and rewards.
Despite severe criticism and assessments, the platform bills itself as a “Dogecoin killer” and has proved effective. The Shiba Inu (SHIB) community has expanded by over a million people.
Ready For Rocketize (JATO)
JATO, Rocketize’s native governance token, is a meme token based on the DeFi ecosystem. Rocketize (JATO) aims to redefine communal and financial objectives in human civilisation by integrating non-traditional incentive structures from decentralised finance (DeFi) and a DAO.
Based on the Binance Smart Chain, JATO is a deflationary currency that will power “Atomic Nation,” the most potent and compelling aspect of the Rocketize ecosystem.
Rocketize’s (JATO) mission is to bee a successful meme token via collaboration. JATO will use decentralised tools and governance to do this, allowing token holders complete power over their funds and choices.
It will use the potential of its community to build a broad and ever-expanding talent pool.
One of its finest features is RockMint, which generates and stores NFT collectables using Web 3.0 dApp wallets. The crypto project will promote the development of dApps for mobile devices and Web 3.0 innovation for game creation.
It may construct a bridge connecting multiple blockchain networks, including Fantom, Polygon, xDai, BSC, and others, to enhance DeFi’s utility and popularity on the platform.
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