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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
The domain of meme coins occupies a peculiar place in the crypto space. Ever since the first meme coin, Dogecoin, was created in 2013, several projects have tried to repeat its predecessor's success. However, fast forward to the present moment, and it looks like only Shiba Inu was able to recreate the original magic until recently.
Meet the new kid on the crypto block, the project Rocketize, a unique meme coin that has swept the community away with its novel value proposition. Join me in today's editorial, where we will look into the possibility of Rocketize entering the crypto elite and challenging the status of Dogecoin and Shiba Inu. Let's dive in.
Dogecoin was the first meme coin and dog-themed coin ever created. What started as a joke led by two developers, Billy Marcus and Jackson Palmer, quickly went far beyond its initial premise. DOGE token, which features the face of Shiba Inu, claimed its place among the crypto elite and became the "internet currency" or, as it is also referred to ", peoples currency".
This project has a massive and loyal fanbase, and during its peak, it reached a market capitalization of over $85 billion. However, this project does not only enjoy the support of the community but also is in favor of the wealthiest man on the planet Elon Musk. Following his announcement of (re)purchasing Twitter, the price of DOGE spiked for a brief moment. Only time will tell whether this is a fundamental change or a dead cat bounce, but we sure hope it will continue to bring the desired levity amid the ongoing market crash.
Although the inception of Shiba Inu occurred only in 2020, this project was able not only to challenge the established perception of meme coins but also to enter the top 15 tokens by market capitalization. Unlike its close competition in the face of Dogecoin, it offers much more than a currency of exchange. Namely, Shiba Inu involves a vast ecosystem, with the metaverse being the latest addition to this meme coin family.
While SHIB, the project's native token, looks ready to skyrocket, danger still lurks among the depth of vast blockchain networks. According to on-chain data, WhaleAlerts, a mysterious whale wallet, sent over 1 trillion SHIB tokens — worth around $12.15 million at the time of writing — to Coinbase. In the unlikely case of unloading these tokens on the market could cause massive sell-side pressure, dragging the price of SHIB down. Keep this in mind, if you are thinking about jumping onto this crypto bandwagon.
Unlike Shiba Inu and Dogecoin, Rocketize offers a wide range of features and services by applying non-traditional incentive structures in DeFi (decentralized finance) and DAO (decentralized autonomous organization). However, the heart and soul of this project are in its community that can enjoy DeFi to its fullest extent thanks to the BNB Smart Chain, which powers this exciting project.
The choice of this particular blockchain is far from random, as it is well known for offering one of the best transaction prices on the market while retaining the network's speed without compromising its security. Also, its compatibility with the Ethereum blockchain is a definite plus, considering that most decentralized finance applications are built on top of this network.
Rocketize's native token is JATO, which is also the primary medium of exchange across the broader project's ecosystem. Whether you are minting your favorite unique NFTs, participating in liquidity staking or governing Rocketize DAO, it will act as the bridge to promote partnership and prosperity for anyone involved in the project. And with its final goal of making DeFi accessible to everyone across the future development of Web 3.0, Rocketize undoubtedly is not your typical meme coin.
Although it is still too early to make any definitive predictions, judging by the project's value proposition and a meticulously structured White Paper, it has all the potential to surpass its closed competition. While Dogecoin and Shiba Inu have claimed their place among the crypto elite, the trend of dog-themed coins is coming to a logical end. And with the new view on how DeFi can be brought into the masses, Rocketize is looking to reach the moon sooner than expected.
