Saitama Inu Off to a Running Start in Crypto Market
Cryptocurrencies have already won over tech-savvy millennials. Now there is a cryptocurrency that targets “the next generation of investors” and aims to help teach them about investing and overall financial health. Saitama Inu (SAITAMA) was launched in May 2021 on the Ethereum network.
The brand was inspired by “the legend of a mysterious ghost dog that is said to be roaming the mountains in the region of Saitama in Japan,” according to the project’s whitepaper. Saitama it is gaining some momentum thanks to a couple of key exchange listings and an ambitious roadmap.
Saitama scored listings on a couple of popular cryptocurrency exchanges recently, including Bitmart in the SAITAMA/USDT trading pair and Gate.IO. Investors can also find Saitama on decentralized exchange (DEX) Uniswap. Based on social media commentary, a handful of users described having to pay higher gas fees on Uniswap most recently and have opted to use centralized exchanges instead.
The Saitama community, which calls themselves the Wolf Pack, is hopeful that the added liquidity and attention will drop a few zeros from the token price.
— Nam Tran (@Ntran1234) October 25, 2021
Like most meme-coins, Saitama trades for fractions of a penny. The token has really taken off lately, rising from $0.00000002192 to $0.00000006757 in the last seven-day period alone.
The new cryptocurrency is coming from a low base, and as a result triple-digit percentage gains in a short period of time are not unheard of. Crypto bulls will be looking to see if Saitama can keep the momentum going and get on the radar of more altcoin investors. There are a couple of upcoming catalysts that could help.
The Saitama team is gearing up for the launch of the Saitamask, a smart wallet, in November. Saitamask has a lot of features for a typical digital wallet and can be used in the following ways:
- Participate in decentralized finance (DeFi)
- With bank cards to buy tokens
- Merchant transactions using crypto
- Learning about finance
- Creating and trading non-fungible tokens (NFTs)
Saitama plans to play a major role in the NFT market. The project has the support of Willie D, a founding member of rap group Geto Boys. Saitama named Willie D as president of NFT curation and talent acquisition in a $50 million-plus deal. The celebrity was brought on to secure “high level partnerships” in the entertainment industry.
— Willie D (@WillieDLIVE) October 1, 2021
Saitama has an ambitious roadmap and has its sights set on Apple Pay and Google Pay. This is one meme coin that investors might want to keep their eye on.