Why is the price of Saitama Inu coins collapsing today? – Dogecoin – US Dollar ($DOGE)
Saitama (CRYPTO: SAITAMA) plunged 28.36% over 24 hours to $0.0000001015 on Sunday evening.
What’s moving? The meme coin rose 16.65% over a seven-day period.
SAITAMA fell 29.5% and 29.35% against Bitcoin and Ethereum respectively over a period of 24 hours.
Over a 30-day period, SAITAMA has increased by 567.7% and in the past 90 days, it has increased by 12,025%.
See also: How to Buy Saitama Inu (SAITAMA)
Why is it moving? Saitama’s decline came even as the largest coin by market cap, Dogecoin (CRYPTO:DOGE), was trading slightly in the green at press time.
Major coins were also trading in the green at press time, with the global cryptocurrency market capitalization rising 1.27% to $2.86 trillion over 24 hours.
Saitama’s downfall began at the highly anticipated SaitaMask event in Las Vegas on Saturday.
At the event, it was reported that the SaitaMask the smart wallet was delayed for several weeks. Plans have also been announced for the launch of a blockchain, marketplace, NFT-based launch platform, among others.
On Sunday, a post from the SAITAMA-linked Twitter account mentioned “price action” and noted the need to “improve the way we perform during live.”
— Saitama Official (@InuSaitama) November 14, 2021
The SaitaMask wallet promises to be a “one-stop-shop” where users can connect a payment system of their choice and buy, sell, trade or transfer coins without leaving the app, according to the project’s website.
Read more : Bitcoins Lead Crypto Market Higher After Taproot Upgrade And “Whales Are Moving”; Ethereum, Dogecoin mostly muted