• Meme coins have been gaining traction due to social media trends and hype, like Shiba Inu ($SHIB).
• The Shib Original Vision ($SOV) project was created to break down Shiba Inu’s current structure and move to a community-centric strategy.
• $SOV has gained significant traction since its launch with a total valuation of over $20 million, volume of $12 million, and support from notable crypto investors.
Riding the Wave of Meme Coins Success
In recent years, meme coins have proved their worth as attractive investments for millennials and Gen Z due to their humourous nature and accessibility. One of the most popular tokens today is Shiba Inu ($SHIB), which has a market capitalization of $6.4 billion thanks to its passionate community – the Shib Army – who promote it through various methods like memes and campaigns.
Introducing Shib Original Vision ($SOV)
Shib Original Vision ($SOV) was created in response to the success of $SHIB by breaking down its current structure and returning to a community-centric strategy instead. This includes having an Inu Economic Forum made up of more than 50 members take decisions about $SOV rather than relying on one individual. To ensure efficiency, developers also got the platform’s smart contract framework audited by MetaTrust and Veridise Inc.
Gaining Traction Among Users
Since its launch just over a month ago, $SOV has constantly achieved new price peaks every other week with a total valuation exceeding $20 million. On its first day alone it recorded an impressive volume of $12 million, making it one of the top three most viewed Uniswap V3 pairs on GeckoTerminal ever since then. Furthermore, well-known crypto personalities are beginning to get behind this project such as Roger Lim who holds over $155k worth of SOV tokens from his AUM fund totalling over half a billion dollars; Joe McCann—former Microsoft strategist and head of Asymmetric—a crypto fund backed by Andreessen Horowitz’s Crypto Fund; as well as many others in the industry who believe in this project’s potential success long term.
Projects Long Term Viability
To ensure that the project remains viable long term, developers are constantly working towards improving it further with rewards systems, token buybacks & burns along with several other initiatives geared towards creating organic demand for SOV tokens while also fostering increased decentralisation among users within the network itself.
All in all, Shib Original Vision appears set on continuing its rise amongst meme coin enthusiasts thanks to strategic partnerships with successful investors in addition to various initiatives that reward users for their loyalty towards this network all while remaining true to its core mission: decentralising projects from single entities back into networks run entirely by communities themselves so that everybody can benefit from them equally regardless or background or gender identity etc .