During this year, the meme sector of the cryptocurrency market experienced unimaginable growth. Although the whole cryptocurrency market was bullish this year, meme coins did numbers. For the first time ever, two meme coins were part of the top ten biggest cryptocurrencies regarding market capitalization. Earlier this year, Shiba Inu surpassed Dogecoin after being listed in Coinbase listing. This sparked another meme coin season, prior to the whole market recovering from the correction that happened in May.
During this meme coin season, the whole meme sector exploded. Yet, some tokens caught the eye of everybody because they literally mooned. Alongside Floki Inu and Shiba Inu, we have Saitama. This crypto token experienced a 13,000% increase in a matter of two months. In early September, Saitama was worth $0.0000000021, while in November, Saitama reached a price of $0.00000016. Such gains in a short period of time are huge for every investor. Today, Saitama is trading around 40% under its all-time high.
Earlier this month, fake news regarding a partner of Saitama arose fear of doubt. CoinMarketCap wrote that a partner of Saitama known as Willie D was sentenced in Wire Fraud Scam. This news was huge for every Saitama hodler, and many started panic selling. As a result, Saitama lost 40% of its value in 1 hour. In a tweet posted earlier, Willie D addresses this issue publicly and speaks on CoinMarketCap’s involvement in shady business and other negative activities. Since then, Saitama has recovered and the FUD has been cleared.
Congratulations to @CoinMarketCap – you played yourself. Me and my team have uncovered a myriad of shady business practices from you and your employees ranging from employee pump and dumps to killing coin projects and payoffs. You messed with the wrong one this time! #Wolfpack
— Willie D (@WillieDLIVE) November 19, 2021
What is Saitama?
So, what exactly is Saitama? Well, as mentioned before, Saitama is a meme coin that is outperforming most other meme coins. This may be because of several reasons, however, the main one probably is its exposure to many exchanges. You can trade Saitama in Gate.io, ZT Exchange, BitMart, LBank, and MEXC. This increases its exposure and with exposure comes traffic. Additionally, being listed in major exchanges increases the credibility of certain tokens. Therefore, Saitama has both elements when it comes to exposure and credibility.
Similar to Shiba Inu, Saitama is an ERC-20 token operating in the Ethereum blockchain. On each transaction, a 4% fee is imposed. Half of the fee is redistributed amongst Saitama holders while the other half is burned. This makes the Saitama token deflationary.
At the time of writing, Saitama is trading at a price of $0.000000065 and has a trading volume of $33.9 million. Furthermore, the token has a market capitalization of $2.88 billion and a circulating supply of 44.6 quadrillions.
Its founders are anonymous, however, Saitama has numerous partners that are now leading the project. Willie D and [email protected] are part of them. Alongside them are 6 other individuals, and all of them were motivated to join the project because of its goal.
The Future of $SAITAMA
Just as most meme coins, Saitama claims to be completely community-driven. Nevertheless, their goal is different than most others. Saitama wants to develop ways of educating future generations of investors. Since the crypto space is dangerous for newcomers because of scammers, Saitama thought of getting rid of this problem by educating Gen Z investors and making crypto investing safer and simpler for all.
Furthermore, Saitama focuses on opening wealth-creating opportunities for younger generations. Because today’s world is more dynamic than it was before, the current systems are failing to prepare youngsters for the real world. Saitama wants to give in and support every young person it stumbles upon, even if its help goes unnoticed. More importantly, they want to teach the youth how money works when they invest. It is a known fact that older generations make up most of the investors, while young people make up only a small percentage of them. Saitama wants to change that and give opportunities to everybody by learning them how to use exchanges, launch tokens, invest, etc.
To do so, Saitama is building its own ecosystem. This ecosystem will consist of:
- SaitaMask – a safe wallet for Saitama tokens
- SaitaMarket – a marketplace where Saitama is the main currency for purchasing goods
- SaitaMaker – a Non-Fungible Token marketplace and launchpad
- Saitama Edutainment – a multi-channel platform for publishing content regarding saving, investing, and managing money
Saitama Price Prediction 2021
But what does the future hold for Saitama when it comes to its price-performance? After careful analysis of the market, Crypto Academy will present its Saitama price prediction for 2021. The upcoming weeks are crucial for the whole cryptocurrency market, Saitama included. Saitama is likely to recover and be back on its tracks by the end of November. When it comes to December, Saitama’s price might spike two times. The first spike is likely to happen in early December while the second may occur sometime between Christmas and New Year’s Eve. This could lead to a new all-time high of $0.00000081 for Saitama.
Also Read: Saitama Token Price Prediction 2022 and Beyond – Will SAITAMA Eventually Reach $1?
Takeaways
- The cryptocurrency market experienced huge growth during 2021. One of its sectors stood out for contributing hugely to this growth – the meme coin sector.
- In just two months, Saitama experienced a 13,000% increase, hitting an all-time high of $0.00000016 on the 13th of November.
- Satiama was a victim of fake news earlier this month. This had a huge impact on its price and the token lost 40% of its value in just 1 hour.
- It took Saitama only some days to recover. Now, it is now accusing CoinMarketCap of purposefully spreading fake news.
- Saitama announced that they are working on SaitaMask, SaitaMarket, SaitaMaker, and Saitama Edutainment.
- By the end of 2021, Saitama’s price might be $0.00000081.
