Sovryn raised $5 M in a new round of funding on 2022-10-09.

You can buy SOV via Gate.com by following the steps on how to buy SOV once you have funded your account.

There are two perspectives on how the price of SOV is determined.

Fundamental Value: This approach looks at on-chain metrics, project performance, and financial indicators of SOV. Over the long term, factors like supply and demand, tokenomics, use cases, project roadmap, and relevant regulations or governance can all affect SOV's value.

Price Action: This perspective primarily involves using technical analysis tools like chart patterns, MACD, RSI, and Bollinger Bands to forecast price movements of SOV based on past trends, based on the principle that 'history tends to repeat itself.' Price action of SOV is also affected by news, announcements, and the general sentiment of the community.

While long-term investors focus on the fundamentals, short-term traders typically rely on technical indicators. Both can influence the price of SOV.

SOV reached an all-time high of $43.98 in 2021-10-07, while its current trading price is $0.09282.

SOV reached its historical low of $0.0916 in 2021-10-07.

The current market cap of SOV is $9.28M, with SOV’s circulating supply at 63.84M SOV and the current trading price at $0.09282.

Currently, there are 63.84M SOV circulating in the market. These SOV tokens can be traded or used on the open market.

The maximum supply of SOV is 100.00M, including its circulating supply, locked or staked amounts, and any supply yet to be mined, minted, or created.

Currently, the fully diluted market cap (FDV) of SOV is $9.28M. This is calculated by multiplying the circulating supply by the current price of $0.09282, assuming all of the token’s supply enters circulation.

The SOV price prediction uses algorithms that automatically identify trends in historical data and make predictions and adjustments based on current market conditions. With advanced machine learning, the price prediction can help users assess the trends in the cryptocurrency market before making an investment.

SOV has a strong return potential due to its inherent volatility, which offers opportunities for profit. However, volatility is a double-edged sword and is more suited for investors with a high-risk tolerance and good financial health. It’s important to remember that SOV and the broader crypto market are always impacted by extreme market conditions, legal policies, social media stories, and other unpredictable factors. Therefore, before investing in SOV, it's recommended that you conduct thorough research and practice risk management.