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Shib Original Vision ($SOV): Riding the Wave of Meme Coins Success

  • Ralph Smith
  • 21/04/2023
  • 2 minute read
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press release {/netabare}

PRESS RELEASE In recent years, meme coins have gained significant popularity due to various social media trends and hype. This is because these coins are often associated with fun and accessible ways to invest in cryptocurrencies. In addition, they are easy to understand and trade, making them attractive to new investors, especially Millennials and Gen Z, who are drawn to the humor and online culture associated with meme coins.

One of the most popular meme tokens today is Shibai ($SHIB). Several factors have contributed to the popularity of this token, including the efforts of a passionate community known as the “Shib Army.” With the help of social media campaigns, memes, and other forms of online activism, this decentralized group of SHIB enthusiasts has promoted the coin and increased its value. At press time, $SHIB has a value of total market capitalization of of $6.4 billion, making it one of the most valuable cryptocurrencies on the market.

$SOV’s strong debut

Karma DAO introduced $Shib Original Vision ($SOV) to break out of Shibai’s current structure and return to a community-centric strategy Instead of relying on a single individual like Ryoshi, the 50+ member Inu Economic Forum will make decisions for $SOV. Additionally, to ensure the long-term viability and effectiveness of the project, its developers obtained the platform’s smart contract framework 35} audited {/netabare} by popular blockchain security providers MetaTrust and Veridise Inc.

The numbers don’t lie: Sibu Original Vision is supported by users

Itsto 49} launch {/netabare} SOV a little over a month ago, it seems as if it is consistently reaching new price peaks every other week. To elaborate, the currency has risen considerably over the past 21 days, reaching 55} total valuation of over $20 million {/netabare} and a fully diluted valuation of over $40 million. On its first day of release, $SOV recorded $12 million in volume and has consistently ranked in the top three most viewed Uniswap V3 pairs on GeckoTerminal since then.

Additionally, a growing number of prominent crypto luminaries’ forums seem to support $SOV. For example, it was recently revealed that prominent digital asset investor Roger Lim, with over $500 million in AUM, is HODLING $SOV 65} currently holding over $1.55 million {/netabare}{/netabare} token value

as well as 75} data {/netabare}{/netabare}76} {and Joe McCann, a former Microsoft strategist who heads a $1 billion crypto fund called Asymmetric, backed by Marc Andreessen of a16z and Solana co-founders Anatoly Yakovenko and Raj Gokan com has invested heavily. com shall not be liable, directly or indirectly, for any damages or losses arising out of or in connection with the use of or reliance on any content, goods or services described in this press release.

Image Credit:: Shutterstock, Pixabay, Wiki Commons.

Ralph Smith

Cryptocurrency geek. Met with Bitcoin and altcoins back in 2011, when the price of BTC was about 10$. Writing articles since 2014 to these days.

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