Shortly after Elon musk acquired Twitter, the memecoin narrative took a positive turn, with Dogecoin (DOGE) surging to over 10% high. The billionaire’s relationship with Dogecoin over the years has been positive for the cryptocurrency, and this occurrence further confirms that. While this price pump could be likened to a win for the crypto market, the meme coin market is more likely to benefit from it.
Shiba Inu (SHIB), the closest to Dogecoin, stands next in line to witness a pump after Doge. The DeFi meme coin has been known to mirror Dogecoin over the years. Both cryptocurrencies were the first to exhibit a price pump shortly after Elon musk acquired Twitter. Shiba Inu is up 28.2%, while Dogecoin is up 13%. A price pump at this time is a positive occurrence for the meme coin, and there is no doubt that others are bound to follow.
Another meme coin that stands a better chance of benefiting from this is Rocketize (JATO), a new meme coin launching on the Binance Smart Chain. Rocketize is currently on presale, and the current price pump is good motivation for more investors to buy the token for guaranteed profits.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is the second top meme coin in the crypto market and one of the most relevant cryptocurrencies since its debut. Shiba Inu is an Ethereum-based alternative meme coin to the father of meme coins, DOGE. Since its launch, it has demonstrated strength in the crypto market and is currently the most relevant Defi meme coin. Shiba inu is a community-driven project that also thrives on its community. The Shiba ecosystem is famous for supporting NFTs and providing a decentralized exchange system.
The system recently announced the launching of its metaverse, and here, users will experience virtual reality on the platform. Following the price pump of DOGE on the 27th of October, Shiba Inu has also shown some strength in the past few days. This pump could be attributed to the support of the billionaire entrepreneur and its support for Dogecoin. Ideally, meme coins are one asset class in the crypto market known for quick profits. The Shiba Inu and Dogecoin pump is a win for the crypto market as a whole and the meme coin meta.
Rocketize (JATO) is a new cryptocurrency aiming for the moon and looking to propel its community forward with some massive profits. The cryptocurrency is a meme coin looking to build on the Binance Smart Chain. Rocketize Token intends to stand out from the regular overused dog theme narrative.
The network’s token JATO, which stands for Jet Assisted Take-Off, highlights the network’s intention to take off with a massive price pump. Rocketize is a token that investors believe has as much potential as Shiba Inu since it provides DeFi initiatives without going with the Dog theme narrative.
The meme coin also integrated the DAO governance model, which enables users to be actively involved in governance, and project initiatives. With the JATO token, holders get to have power and a say in contributions being made in the system. Rocketize is currently in its stage 2 presale, and with the momentum from meme coins, it won’t be a surprise to see Rocketize tokens selling faster than usual. Smart investors have decided to buy the JATO token and join in early. It isn’t too late for you to join the next bullish movement.
For more information:
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Credit: Source link