The crypto market is occupied with thousands of cryptocurrencies that offer different services for their users. While some focus on solving problems in the blockchain trilemma, others are focussed on providing colossal returns for their users. Two cryptocurrencies that have provided such returns in the past are Dogecoin (DOGE) and Shiba Inu (SHIB).
Shiba Inu grew by more than 48,000,000% between its starting price and October 2021, showcasing how volatile the crypto market can be. Dogecoin has also offered substantial returns in the past as the token itself offers little utility. Rocketize Token (JATO) looks to replicate the success of these two tokens, catapulting itself into the top twenty cryptocurrencies by market capitalisation and offering 100x gains!
Rocketize Token is a community-centric token looking to explore the realm of Decentralised Finance (DeFi) and Web 3.0. In the words of the Rocketize Token team: “Rocketize will do for DeFi and BSC what Neil Armstrong did for Mankind”.
Most meme tokens suffer from an inflationary token model that stops them from gaining value. However, Rocketize Token has deviated from this outdated model, using a deflationary method to burn JATO tokens and gradually increase their value over time.
Rocketize Token will build on the Binance Smart Chain (BSC), which is famous for its secure, fast, and low-cost service. If Rocketize Token can adhere to its goals, it could blast past Dogecoin and Shiba Inu, prompting 100x gains for its users.
Dogecoin Continues Decline
Dogecoin has found itself at the receiving end of crypto market volatility this week. Meme tokens are often subject to volatility throughout the market, and Dogecoin is showcasing the legitimacy of this statement.
Dogecoin has decreased in value by 25.96% in seven days at the time of writing. Many have tried to pinpoint why the meme token is subject to volatility. Could Dogecoin be following the trend set by the rest of the crypto market? All signs point to yes, as the rest of the crypto market is in a state of decline.
Newly appointed Twitter CEO, Elon Musk, could change the current trend of Dogecoin. The billionaire helped Dogecoin rise 15% when he announced that it would be a valid currency for Tesla merchandise. If Dogecoin is accepted as a currency to tip content creators on Twitter, could the same rise happen again?
Shiba Inu, like Dogecoin, has followed the negative trend set by the rest of the crypto market. However, although the meme coin giant has declined by 24% in the past seven days, it has increased by 0.50% in the past hour at the time of writing. It shows that its road to recovery could be underway.
Like Rocketize Token, Shiba Inu burns a portion of its tokens to increase their value over time. Shiba Inu’s largest increase came from its start price. The meme token rose by 48,000,000% in a matter of months, helping some to become millionaires!
Autumn is historically the best month for cryptocurrencies to perform. Bitcoin (BTC) received its all-time high during this period, reaching $68,000. If Shiba Inu follows this trend, it could explode through Q4 following its negative trend.
Although Dogecoin and Shiba Inu are currently experiencing a downward trend, it represents a unique ‘buy the dip’ opportunity for crypto enthusiasts. If the tokens explode during Q4, the returns would be exponential.
However, Rocketize Token also offers a unique opportunity to its community during the presale. The token can be purchased for a low price as the presale unfolds, potentially exploding after launch. If there is one token to keep on your radar, let it be Rocketize Token.
For more information on Rocketize Token (JATO), please visit the following links:
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