Since its public debut in 2009, cryptography has undergone significant changes. Dogecoin, the first cryptocurrency, was created in 2013. While Dogecoin may have been launched as a joke, it has since paved the way for a new direction in the cryptocurrency market. Today, the cryptocurrency market is flooded with hundreds of different meme coins, including Rocketize.
Meme coins are virtual currencies inspired by viral internet jokes. It’s a social hub for crypto users looking to connect with like-minded people.
Dogecoin Started The Meme Coin Phenomenon
Cryptocurrencies were initially met with skepticism from the general public. Cryptocurrency was seen as a joke or a scam by many. Dogecoin is a Bitcoin parody. After becoming a meme, it adopted a Shiba Inu as its logo. In the years that followed, however, DOGE gained widespread attention as a cryptocurrency, thanks in no small part to the fact that Elon Musk—then the richest man in the world—made public the fact that he held DOGE coins. This caused a lot of cryptocurrency users to buy DOGE tokens, which was very important to the success of Dogecoin.
DOGE currently dominates the meme coin market and has a 9th place ranking based on market capitalization. Dogecoin is one of the most pivotal currencies in the market, and it is widely credited with launching the meme coin phenomenon.
As a result of Dogecoin’s meteoric rise to fame, crypto enthusiasts and users learned that cutting-edge technology isn’t necessary for a cryptocurrency project to succeed. Since a cryptocurrency’s success depends on how many people use it, it needs to be fun and bring people together.
Dogecoin has been an inspiration for many other meme coins, such as Shiba Inu and Baby Dogecoin. They’ve both decided to use canine motifs in the hopes of becoming meme coin family regulars.
Rocketize To Help Meme Coins Evolve
Launching soon in presale is Rocketize, a new meme coin. Rocketize, a new cryptocurrency that will soon launch, builds on the foundation of the meme coin while adding a focus on decentralization. Rocketize plans to use non-standard incentive structures in DeFi and DAOs as part of an effort to mold society in a decentralized fashion.
The Rocketize platform uses the Binance Smart Chain and its own native token, JATO, which is based on the BEP-20 standard. In order to maximize decentralization, however, Rocketize is looking into the feasibility of constructing bridges between different networks like Polygon, Fantom, and more.
If Rocketize can execute on its stated goals, it will have a significant impact on the meme coin industry and has the potential to accelerate its development. Rocketize aims to take meme coins to the next level by emphasizing decentralization, showcasing cryptocurrency’s future potential.
Especially in the crypto space, decentralization appears to be here to stay. Future financial services may give users complete control over their funds, eliminating banks. Rocketize’s goal is to use its platform to facilitate this kind of social acceptance.
Source: Analytics Insight
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