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The price of Dogecoin has been rising since Elon Musk installed a sink in the Twitter headquarters before buying the social media site. On October 25, the original meme coin traded at $0.06 before surging to almost $0.1 over the weekend. Prior to October 31, it spiked to $0.15, a 5-month high, before retracing to $0.11. However, after a decent daily spike, the bulls are back at it, driving DOGE up to a fresh multi-month high of nearly $0.15. It's important to note that some other memecoins have done the same. Shiba Inu has increased significantly in the past few hours to the time of writing. The likes of Floki Inu and Baby Dogecoin have demonstrated comparable and even astounding increases.
This has been an opportunity for the Rocketize Token (JATO) to gain traction. As usual, the market is patterned, and when DOGE pumps, it is believed that other memecoins pump. However, the memecoins in the market are currently overpriced and cannot deliver the explosive price pumps that memecoins are known for. Crypto enthusiasts have now discovered Rocketize Token(JATO) as a memecoin still on presale, making it underpriced. The presale offers the token at below the market price, so users will expect explosive price pumps from this token and, as such, are looking to buy a lot of this quickly.
Dogecoin(DOGE) is the king of memecoins and is the first and largest in the cryptocurrency market. The coin emerged as a joke to the market situation in 2013 and was intended to mock cryptocurrency projects copying Bitcoin's source code to tout it as new. DOGE imitated the process, which was how the memecoin came to life. The market bought into the funny narrative until it was an underground joke in the crypto landscape.
The memecoin went mainstream after Elon Musk's push. Since then, the memecoin has been known to react to any Elon Musk news. Besides, Elon Musk has always brought the memecoin to the limelight, enabling it as a payment option for his companies, Tesla and SpaceX. With the acquisition of Twitter, users speculate that the memecoin would soon become a payment option on the social media platform. Dogecoin(DOGE) has seen more trading volume in the past few days than it has seen since the start of the year following the progress of the Twitter acquisition.
Rocketize Token(JATO) is a new memecoin created on the Binance Smart Chain and is beginning to grow some hype. Rocketize Token intends to be a DeFi memecoin, following the precedent Shiba Inu(SHIB) set to create wealth with some innovative DeFi features at its disposal. Memecoins were not always known to generate wealth– a lot has changed since Dogecoin first launched in 2013, and emerging projects are looking to help their community have fun while making money.
The Rocketize community will call itself Atomic nation, and with their funny narratives is supported by rocket and astronaut memes– a symbol for the price going to the moon. Its NFT offering will offer users unique non-fungible tokens that serve as access cards, collectible trading cards, and a selection of their favorite memes. RockMint will use cutting-edge NFT solutions to help its users create value out of the NFT market. Memecoins have not really had a breakthrough in the NFT market, but Rocketize Token seems to be on the right path.
Rocketize Token(JATO) will serve as the ecosystem's governance token and enable holders to exert veto power over governance. Users will have a stake in the DAO that will enable them to vote for consensus and send proposals to the community.
Presale: https://rocketize.io/buy
Website: http://rocketize.io
Telegram: https://t.me/RocketizeTokenOfficial
