To say that 2022 has been a difficult year for crypto is an understatement.Multiple crashes have happened, causing the value and market capitalization of key blockchain networks like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Terra (LUNA) to fall.As a result, many individuals were hesitant to invest in cryptocurrencies, perceiving them as risky ways to gain money due to their volatility.Recently another major crypto crash occurred which saw the blockchain veterans Bitcoin and Ethereum plummet in price.
Many crypto enthusiasts believe that Bitcoin and Ethereum will remain in the top two due to their dominant presence in the crypto market.However, many active buyers may opt to purchase a less established cryptocurrency due to the risk factors being low.Can a crypto newcomer like Rocketize Token (JATO) capitalise on the bear market?
Bitcoin Price Drops After FTX-Binance Partnership
Bitcoin (BTC) is the first cryptocurrency to exist.Bitcoin’s creation was a cryptographic breakthrough.It is not controlled by any corporation, country, or third party.
And anybody can join that network.Bitcoin emerged online in January 2009, being created by an anonymous individual by the name of Satoshi Nakamoto.
Nakamoto stated that the purpose of Bitcoin’s creation was to enable online payments to be transferred directly from one party to another without the use of a financial institution.On 9 November 2022, Bitcoin prices fell below $16,000 after BNB, the largest cryptocurrency exchange, pulled out of an emergency deal to acquire rival FTX.Despite this, due to Bitcoin’s dominance, it is nearly impossible for another blockchain network to overtake it anytime soon.
Ethereum Has Turned Deflationary
After Bitcoin, Ethereum (ETH) is the second-largest cryptocurrency by market valuation.It is also a decentralised computing platform capable of running a broad range of applications, including a universe of DeFi apps and services.
The Ethereum blockchain already powers everything from financial tools and games to complicated databases.And the only limit to its future potential is the developers’ creativity.
As of 9 November, more Ether tokens were burned that were created as part of Ethereum’s fee-burning mechanism.Simply put, the more on-chain transactions there are, the more ETH transaction fees are lost.After recovering from its $1,075 local low, ETH’s price had dropped nearly 20% month to date and was trading around $1,250 on 11 November.
Enter ‘The Atomic Nation’ With Rocketize Token
To build communities and monetize their work, creators might utilise social or media tokens.
To make it simpler to tokenize communities, many platforms have emerged as critical enablers for Web 3.0.Rocketize Token (JATO) is one of these platforms; it is a community-driven and progressive cryptocurrency that is an open-source venture that has chosen not to grant any responsibilities to team members.The Atomic Nation, Rocketize’s thriving community, will serve as the foundation for its founders’ objectives to attract the attention of various influencers and the media.
The native token of Rocketize is JATO, which also serves as the primary medium of trade across the project’s ecosystem.Whether you are minting your own unique NFTs, engaging in liquidity staking, or controlling Rocketize DAO, it will serve as a bridge to encourage collaboration and success for everyone interested in the project.
According to their White Paper, the project includes secret intentions for small space developments that will be revealed during future presale phases.JATO is currently in the second phase of its presale, being priced at 93027.98 $JATO, which is equivalent to $1 USDT.With minimal risk factors behind it, crypto buyers should consider purchasing JATO as it is inexpensive and cares about its community.
Find Out More About Rocketize (JATO) In The Links Below:
Presale: http://rocket.rocketize.io/
Website: http://rocketize.io/
Telegram: https://t.me/RocketizeTokenOfficial.
