Dog-related Coins have become a shining example of success in the crypto market. We immediately remember the success of Dogecoin and its growth to $0.7 last year, Shiba Inu Coin, which was also able to repeat the path of its older comrade. The other project, Saitama Inu Coin, might take the same path. What is its potential?
Table of Contents,
- 1 What Is Saitama Inu Coin?
- 2 Saitama Inu Coin’s Market Performance
- 3 What about the New Ecosystem?
- 4 Will Saitama Coin Go up? Facts and Factors to Pinpoint
- 5 Listings on Stock Exchanges
- 6 Saitama Crypto Price Predictions
- 7 Conclusion
What Is Saitama Inu Coin?
Saitama Inu Coin is a token of the well-known Ethereum ERC-20 standard. It is a digital token of the Saitama project, an innovative approach to the integrated use of DeFi decentralized finance and its technological integration into Web3.0. With the creation of their token, Saitama started in June 2021, and by November 2021, they were able to reach the top 40 largest global crypto projects in market capitalization.
Distinctive features of Saitama Inu Coin are the implemented deflationary mechanism, which led to the fact that more than 55% of all Saitama Inu tokens have already been burned.
Saitama Inu Coin’s Market Performance
According to cryptocurrency aggregator CoinMarketCap, Saitama Inu’s price is $0.001183 at a market capitalization of $45,828,580.84 and Fully Diluted Market Cap-$118,709,201.64. Saitama Inu is a circulating supply of 38,605,752,722 Saitama coins and a maximum supply of 100,000,000,000.
What about the New Ecosystem?
The Saitama project and Saitama Inu Coin token are positioning their development as a full-fledged ecosystem through which the added value of the token will increase. The launch of each new object of this ecosystem will help rise to new positions in the ranking of cryptocurrencies for Saitama Inu Coin and spread the ideas of the community to a large audience of crypto investors and followers.
The main representatives of the Saitama ecosystem are:
The new decentralized exchange SaitaSwap offers a selective approach to projects presenting their cryptocurrency and tokens for trading on the platform. The main goal of this approach is to provide safe assets for DEX exchange users and support promising crypto objects in the market.
Saitama Academy, an assistance project, aims to disseminate educational content and share experiences between crypto market participants of different levels.
Very often, the problem for an investor is the lack of an available option to buy and sell cryptocurrency using fiat money. SaitaPay provides a solution to this problem through a partnership with ePay.me and the open possibility of buying digital assets using credit and debit bank cards.
A project to manage the delivery of value and the flow of transactions in the real estate segment.
- Wolfcaster Games
An example of the implementation of the popular Play-to-Earn (P2E) strategy, which especially gained momentum in 2021-2022. Web3 game in the Wolfcaster franchise series will help players earn and implement the use of Saitama Inu Coin in the gaming environment.
The relevant object of the Saitama ecosystem, the NFT marketplace FANG, opens transactions of buying and selling non-fungible tokens for Saitama Inu Coin.
Will Saitama Coin Go up? Facts and Factors to Pinpoint
The unequivocal answer to this question is yes. Many external and internal factors will ultimately drive the price of the Saitama Inu coin for Saitama Inu coin to go up. Let us consider the following:
The combustion mechanism and limited issuance of the token
That is one of the main positive qualities that will affect the growth of the price of the Saitama Inu coin. With each operation, the limited issuance of 100,000,000,000 coins and the burning mechanism reduce the number of coins on the market. At the same time, the need to use Saitama Inu increases in parallel. After all, more facilities in the ecosystem are opening, and Saitama coins are needed to service them. Growing demand and decreasing supply will drive the asset’s value in both the medium and long-term forecasts.
Growth of the community
It’s no secret that users are the ones who help a particular crypto asset to grow in many ways. The Saitama Inu coin has great potential because the number of followers is constantly growing. The project Saitama has an active social policy, which leads to the growth of followers and participants in the community.
The growing role of meme coins
At the beginning of its journey, DOGE was just an idea without a technological advantage in the market. Now, thanks to the support of developers and active promotion of the coin by Elon Musk, DOGE is the most used meme coin, which is accepted in payment in many outlets of the world, and even in Tesla itself. Likewise with Shiba Inu, where the coin represents its Metaverse. The success of these meme coins strengthens the perception of meme tokens, which positively affects other projects. Meme tokens are now viewed in terms of technological usefulness and value.
It is worth highlighting that Saitama Inu, in turn, claims to be NOT a meme coin. Still, that remains a significant factor for investors who might miss that detail and still consider this option a meme coin. Regardless of the sentiment, that factor influences the growth of Saitama too.
The growth of the cryptocurrency market as a whole
Cyclically is inherent in the cryptocurrency market and other financial markets. Halving Bitcoin, which will occur in 2023-2024, should bring the entire cryptocurrency segment to a new round of growth, with a gradual renewal of historical highs in most assets.
Ethereum blockchain development
The Saitama project is based on the Ethereum blockchain, which means that the development of these projects is interconnected. Initiation of the transition to the PoS algorithm and set of updates on scaling and sharding in Ethereum will positively influence the development of all projects of ERC standard.
Listings on Stock Exchanges
A known bullish factor is listing a cryptocurrency or token on a centralized exchange. The more reputable the exchange, the greater the impact this news has on the exchange rate, and the more new investors learn about the asset.
Currently, Saitama Inu is available for trading on Uniswap, Gate.io, Bybit, OKX, and MEXC. The most anticipated will be the Saitama Coinbase listing and the Saitama Binance listing. That is significant news for the project, and it’s not advisable to disseminate them in advance to avoid insider trading. For now, we know that work on the Saitama Coinbase listing and the Saitama Binance listing is underway.
Saitama Crypto Price Predictions
- Minimum price: $0.001
- Maximum price: $0.005
- The average price for the period: $0.003 per period.
Saitama’s prediction of 2022 corresponds to the general state of the market, which is now in decline. However, Saitama holders are confident in the positive movement of the coin and continue to hold the investment in the medium and long term. Saitama Inu Coin’s approximate price range for 2022 is $0.001-0.005, with a gradual return to growth by the end of the year.
Saitama crypto price predictions 2023
- Minimum price: $0.005
- Maximum price: $0.01
- The average price for the period: $0.0065-0.0075 per period.
2023 will be a year of technological accumulation and preparation for growth for Saitama. It is expected to grow moderately from $0.005 to $0.01, periodic updating of the low of $0.005.
Saitama crypto price predictions 2024
- Minimum price: $0.01
- Maximum price: $0.05
- The average price for the period: $0.02-0.03 per period.
2024 will be the beginning of the cryptocurrency market recovery and coming out of crypto winter. Most assets, including Saitama, will show gradual growth with shallow corrections. The comprehensive range of Saitama Inu coin price in 2024 could be $0.01-0.05.
Saitama price prediction in 2025
When answering the question: can Saitama Inu reach 1 cent? It is the year 2025 that is more likely in the medium-term forecast for such a leap. That will be the period of maximum upswing and optimism, which will favorably influence the growth dynamics of Saitama Inu Coin.
What about later?
Saitama crypto price predictions in the long term, if the rate of development is maintained and the proposed ways to use the coin are expanded, could reach a value of $0.4-0.6 by 2028-2030. The rate of $0.1 is probable because the growth will be influenced by the internal and external factors mentioned in the text above. At the same time, the rate of 1 cent is not a ceiling for development.
Saitama Inu price prediction is characterized by an optimistic mood and dynamics that instills confidence in investors. The exchange rate of the coin can reach the mentioned levels in the medium term if the development team fulfills its goals. The limited issuance of the Saitama token fits into classic market strategies and will ensure the token’s growth to the set targets and beyond.