While the hype for meme-coins keeps going, cryptocurrencies such as Dogecoin (DOGE) and Shiba Inu (SHIB) have already achieved a lot, and there is not much to say about their potential. Perhaps DOGE can hit $1 while SHIB approach 1 cent, but that would take time for them to surpass the market cap of some of the best cryptocurrency projects in the market. But there are some Dogecoin-influenced cryptocurrencies that are yet to achieve what they are destined for.
One Dogecoin-like cryptocurrency that stands out is Saitama (SAITAMA). Saitama has proven to be quite promising in terms of its fundamentals, so in this article, we are going to identify the price factors of the SAITAMA coin and whether its price can go up to 1 cent.
Saitama (SAITAMA) Price Factors
Supply
Saitama has a limited supply. While the maximum supply is 100 quadrillion SAITAMA, meaning that the price can hardly approach $0.01, this supply is limited and the SAITAMA token is deflationary. After every transaction in the Saitama network, a small percentage of the transaction amount is burned and never recovered again – putting those tokens out of circulation.
This deflationary property of Saitama is quite promising for the long run. As the trading activity increases in the Saitama network, the number of SAITAMA tokens burned also increase, consequently increasing the price of SAITAMA.
Goals
In the roadmap of Saitama, there are plenty of exciting projects that can make the price of SAITAMA surge upwards. Here are some promising projects:
- SaitaMask: This is a decentralized wallet that aims to provide DeFi services to Saitama users in an efficient manner.
- SaitaMaker: This feature allows users to create and launch their NFTs in the Saitama network. With the demand for NFTs increasing massively in recent weeks, this could have a huge effect on the price of SAITAMA.
- SaitaEdutainment: This feature allows content creators to display and monetize their content related to financial education. This aims to make new crypto heads learn more about the world of cryptocurrencies and finance in a more efficient way.
- SaitaMarket: This feature provides a decentralized marketplace for SAITAMA hodlers. People can use their SAITAMA tokens to purchase any good or service placed in the SaitaMarket.
Community
As the Saitama community increases, the price increases as well. The Saitama community is one of the most enthusiastic and optimistic when it comes to future the price of SAITAMA. With the hype around dog-related coins intensifying, we could see SAITAMA increase in the future.
Exchange Listing
Being listed in major cryptocurrency exchanges is one of the most bullish situations when it comes to relatively new cryptocurrencies such as Saitama. As the latter is still to be listed in some of the world’s biggest exchanges, such as Binance or Coinbase, we could see the price of SAITAMA boom once it gets listed in the above-mentioned.
Related: How to Buy Saitama Coin – A Step-By-Step Guide
Other Market Factors
- BTC Halving: Whenever there is a BTC halving, it is usually followed by a bullish market trend, as history shows us. With BTChalvings occurring every four years, we could see SAITAMA increase even more after every BTC halving event.
- Mass Adoption: Cryptocurrency mass adoption has started. With cryptocurrencies and blockchain technology slowly replacing the way everything operates on the internet, the dependence on such virtual assets increases at large rates. Hence, we could see the price of coins such as Saitama surge as mass adoption is taking place.
- Ethereum 2.0: Ethereum 2.0 is perhaps one of the biggest crypto updates of recent years. This highly anticipated update can affect not only ETH itself but also all the tokens within the Ethereum network, including Saitama.
Will Saitama Inu Reach 1 cent?
Based on all the price factors of Saitama mentioned in this analysis, it is unlikely that the price of Saitama can hit $0.01 any time soon. That would only be possible if the trading volume of the Saitama network increases at huge rates constantly, meaning that more SAITAMA tokens get burned.
As for the longer run, a price of $0.01 is optimistic, but not impossible. We at Crypto Academy forecast that SAITAMA can reach $0.01 at some point between 2029-2030. Moreover, we also forecast that SAITAMA can hit as high as $0.10 by the end of 2030.
Also read: Saitama Token Price Prediction 2022 and Beyond – Will SAITAMA Eventually Reach $1?
Takeaways
- Saitama (SAITAMA) is a meme-influenced cryptocurrency that is quite promising.
- It is a deflationary token, which aims to offer various services within its network.
- Some of these services are SaitaMask, SaitaEdutainment, SaitaMaker, SaitaMarket, etc.
- Being listed on major exchanges, as well as having a larger community can easily affect the price of Saitama.
- While it is optimistic, a price of 1 cent is possible by the end of the decade.