What is the Saitama ecosystem? Crypto seeks to educate Gen Z on finance

Cryptos seem to have rebounded from their subdued phase earlier this year. According to CoinMarketCap, which tracks over 18,400 crypto assets, the total market capitalization of all assets combined was as low as US$1.5 trillion nearly two months ago. It rose to nearly US$2 trillion at the start of February, but fell back below US$1.6 trillion on February 24.

A month later, the figure stood at almost US$2 trillion at the time of writing, after gains by BTC, ETH and others in the past 24 hours. A crypto, Crypterium or the CRPT token has increased by more than 100% in the last 24 hours.

Another plus, the SAITAMA crypto has risen by almost 20%. Learn more about the project.

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What is Saitama Cryptocurrency?

The project claims to be an ecosystem where users can learn about cryptocurrencies and use these assets as a form of money. The whitepaper talks about different segments that include a wallet and even a non-fungible token (NFT) launchpad. The Saitama project claims to target Gen Z, as the white paper shows, but it remains to be seen how it progresses in this regard.

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The wallet, SaitaMask, according to the project, would allow storage of cryptos, in addition to providing education on finance. Another interesting part is the Saitama market, where it claims tokens can be used to undertake the purchase of goods and services.

It remains to be seen how this evolves over time. The project also includes what it calls Saitama Studios, which can enable the development of games, shows, and NFTs. Internal NFTs, which include Saita Car and virtual jewels, are also mentioned in the white paper.

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Saitama Crypto (SAITAMA)

The native token of the project is titled SAITAMA. The Saitama token would enable transactions within the project’s ecosystem. It is an ERC-20 coin (based on the Ethereum blockchain), and the whitepaper says enthusiasts can get hold of it on Uniswap by trading ETH tokens.

The Saitama Crypto Price

CoinMarketCap mentioned the self-reported market capitalization of the Saitama token at nearly US$600 million at the time of writing. The trading volume and price of the token were in the green, having surged in the past 24 hours.

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The price of the Saitama token was almost 0.000000014 USD. At the beginning of January 2022, the price of the Saitama token was close to 0.000000085 USD. Since its listing on CoinMarketCap, the token has exhibited extreme price volatility, which means crypto enthusiasts should exercise extreme caution.

Data provided by CoinMarketCap.com

At the end of the line

The overall market capitalization of the crypto world is approaching US$2 trillion again, helped by recent appreciation in tokens like Crypterium and Axie Infinity. Saitama is a relatively new project compared to names like Bitcoin and Ethereum.

The price has remained volatile so far, although it has been gaining recently. Predicting the price of the SAITAMA token for the rest of this year is not possible due to volatility. The project’s claim to be a crypto ecosystem for Gen Z is yet to be proven.

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