Is the new dog meme piece a buy?
One of the myriad new cryptocurrency coins to launch in 2021, saitama inu is looking for a bottom after hitting an all-time high of $0.0000002777 in November and quickly falling back.
Saitama inu plays on the popularity of dog-themed coins, taking its mark from a legend of a mysterious “ghost dog” believed to roam the mountains of Japan’s Saitama region and revered as a guardian against the misfortune.
What is the saitama coin? Let’s look at the draft and the latest predictions for the price next year and beyond.
Saitama is an ERC-20 token running on the Ethereum blockchain. It was made available for trading on the decentralized exchange Uniswap (DEX) after a May 31 launch by an anonymous creator, who later pulled out of the project and handed it over to the community, according to the white paper.
The development team is now led by Chief Executive Officer (CEO) Russell Armand, Chief Technical Officer (CTO) Max Hernandez and Chief Financial Officer (CFO) Manpreet Kohl.
October 12, saitama appointed rapper Willie D as president of NFT Curation and Talent Acquisition in a deal worth more than $50 million with incentives and bonuses. “In his talent acquisition role, Willie D will be responsible for securing high profile partnerships across multiple industries, including but not limited to high profile individuals and companies in the entertainment space. .”
Willie D, who was an early investor in dogecoin as well as bitcoin, will support saitama in the creation of NFT.
The saitama token features “intelligent coding that benefits loyal holders with rewards and protection from toxic actions of whales (large wallet holders),” according to its website. There is a 2% redistribution fee and a 2% token burn on each transaction.
Saitama aims to provide a community token that allows young people to adopt decentralized finance (DeFI) to help them manage their finances. The white paper notes:
“Gen Z will soon have the greatest spending power in history.
They are pragmatic and financially minded, but they lack financial education
Only 10% feel confident in managing their finances and 76% are interested in learning it
Most of their lives will be spent in a world changed forever by DeFi
Their digitally native lifestyle has given them a head start in the use of technology, which means they can adopt cryptocurrencies at a faster rate than other generations.
23% more people are using peer-to-peer payments than before the pandemics, and Gen Z is driving it
They are community builders and born communicators, championing ideas they trust
Empowering young people to take control of their lives is a long-term investment in the future of our planet”
September 15, saitama announcement a $50 million sponsorship deal with esports company Blaze Fire Games.
“The partnership strategy focuses on massive expansion into new platforms such as mobile game creation, eSports tournaments; Blockchain Education accelerates existing global reach with offices in Asia, Europe, South America and more and builds on existing performance infrastructure and increases investment in talent development,” says the announcement. “A major plus, Saitama will be distributing a co-branded cryptocurrency under this deal with a native Saitama-Blaze Fire Games token.”
According to the latest saitama coin news, it has been listed on the Gate IO and BitMart exchanges on October 26. It was added to LATOKEN DEX on November 27 and Giotto exchange in India on November 30. Latest saitama coin list was on Exchange space December 4.
The Saitamask digital wallet is under development, which will allow users to trade, stake and store their cryptocurrencies, while accessing education on cryptocurrencies, games and NFTs. Saitamask is undergoing a security audit by cryptocurrency security firm Certik, which was 85% complete, as of December 16.
Saitama prices retreat from November peak
The saitama coin chart shows that the token fell from $0.000000000045 on June 18 to $0.000000003733 on July 30. It then retreated, but rose to $0.000000004645 on September 7 as cryptocurrency markets rose. The price started to rise sharply in October when the token started to join more exchanges after a retreat at the end of September, reaching $0.000000102 on November 3.
Saitama reached a high of $0.000000173 on November 13. It then fell to $0.00000003129 as holders sold their tokens for profit after the big gains. Saitama rallied to $0.00000007533 on November 30 and has been trending lower so far in December.
A To hack of an ETH wallet and a BSC wallet belonging to the BitMart Exchange on December 4 led to the theft and dumping of a large number of saitama tokens, among others. The price of saitama rose from $0.00000006117 on December 3 to $0.00000003798 on December 4. The price token has since traded around the $0.00000004-0.00000005 range.
Our community remains strong throughout this 600T dump. It can tell how strong we are and even any trade can be compromised and sold. Our Saitama WolfPack will break this plunge ????❤️????#SaitamaWolfPack pic.twitter.com/chGgg0TCw7
— Saitama Official (@InuSaitama) December 5, 2021
Can the price of saitama rebound from its recent losses? What is the outlook for the price in 2022 and beyond?
Saitama Coin Price Prediction: Targets for 2022, 2025 and 2030
Short-term sentiment for saitama was bearish at the time of writing (16 Dec), according to technical analysis by CoinCodex. There were 19 technical analysis indicators giving bearish signals against five bullish signals. The daily simple and exponential moving averages gave sell signals, as well as the Hull moving average and the volume weighted moving average. The Relative Strength Index (RSI), Fast Stochastic RSI, Stochastic RSI and Williams Percent Range were giving buy signals.
There was technical support at $0.0000000341 up to $0.0000000264, with resistance ranging from $0.0000000418 to $0.0000000495. CoinCodex’s saitama crypto price prediction indicated that the saitama inu price may break through resistance to surge 68.63% to $0.0000000644 by December 21.
The saitama token price prediction of DigitalCoin expected it to take several years for the price to get back above $0.0000001. Based on historical data, the site predicted that the saitama could average $0.0000000658 in 2022 and $0.0000000815 in 2023, rising to $0.0000001096 in 2025.
Price prediction The SAITAMA/USD forecast did not expect the coin to return to its high in the next five years, predicting that the price would average $0.00000004 in 2022, $0.00000005 in 2023 and drop to $0.00000018 in 2025. The site predicted the price to average $0.00000115 in 2030.
It is important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict a coin’s price within hours, and even more difficult to give long-term estimates. . As such, algorithm-based analysts and forecasters can and do get it wrong in their predictions.
We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis and expert opinion before making any investment decisions. Keep in mind that past performance does not guarantee future returns. And never invest more than you can afford to lose.