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Davido launches crypto meme coin $Davido

Davido launches crypto meme coin $Davido

Popular Nigerian singer, Davido has made waves in the cryptocurrency arena with the introduction of his own meme coin, $Davido.

Launched on May 29, 2024, the coin is currently priced at $0.007783 USD and has quickly gained popularity.

Davido has partnered with prominent blockchain platforms Phantom and Solana to bring his vision to fruition.

READ ALSO: FAILED CONTRACT: Davido perform in Warri, agrees to settle out of court with Pinnick

Since its release, the $Davido meme coin has been on an upward trend, attracting significant interest from fans and investors alike.

Enthusiasts are closely monitoring the coin’s performance, eager to see its trajectory in the competitive cryptocurrency market.

Crypto Awareness in Nigeria

According to Olayimika Oyebanji in a piece he wrote,  “Since the tapping sensation began in Nigeria, I have taken a keen interest in its trajectory, and like millions of other people, I am anxiously waiting for the outcome. I have heard rumors that the team behind the project is anonymous and that they would fall short of their promises. But my training as a lawyer requires me to gather my facts and treat them nicely before drawing a conclusion.

“Nevertheless, it is not rocket science to predict that the successful outcome of the ongoing exercise will be a major win for the Nigerian crypto industry, restoring balance to the skewed reputation of cryptocurrency as well as leading thousands down the rabbit hole. Most especially, it will boost crypto awareness across the country and mark the starting point for mass participation in the crypto industry.

“There are two key reasons one must consider to understand how a tapping sensation like TapSwap can lead to a major economic upturn in developing countries. The first reason is the digital revolution. As the promises of a digital and more connected world continue to hold true, Africa is no longer willing to be left behind. Crypto adoption is on the rise and one of Nigeria, Kenya, and South Africa are bound to lead this revolution.

“Another factor to consider is the poverty of most developing countries. Bitcoin’s promises of financial inclusion and liberation are still a dream many people across the world hold on dearly to. Today, it is not unusual to read expert predictions of Bitcoin’s future price action on the internet. This sentiment is so strong and generally shared that events of the last few months have led many to renew their conviction about Bitcoin surging to $1 million in the near future.

“However, the sentiment towards Bitcoin and cryptocurrency changing the status quo is not generally shared. There are billions of people across the world who are not part of the crypto industry, which is why the most crucial question in cryptocurrency is ‘Wen mass adoption?’

“To understand the evolution of the crypto industry across the world, one must pay close attention to crucial events like the TapSwap frenzy in Nigeria.”

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