What Will The Price Be For Saitama Crypto Coin In 2025?
Saitama is a new crypto coin that released earlier in 2021 as a meme token. But the team behind the coin have built a road map on the future of the coin and it’s utility. The road map details a 5 stage map with partnerships, exchange listings and products.
One of the myriads of new cryptocurrency coins to launch in 2021, saitama inu is looking for a bottom after a spiking to an all-time high of $0.0000002777 in November and quickly retreating.
Saitama inu plays on the popularity of dog-themed meme coins, taking its brand from a legend of a mysterious “ghost dog” said to roam the mountains in the Saitama region of Japan and revered as a guardian against misfortune.
What is saitama coin? Let’s look at the project and the latest predictions for the price next year and beyond.
Saitama is an ERC-20 token running on the Ethereum blockchain. It was made available for trading on the Uniswap decentralised exchange (DEX) following a launch on 31 May by an anonymous creator, who subsequently stepped back from the project and handed it over to the community, according to the whitepaper.
The development team is now led by chief executive officer (CEO) Russell Armand, chief technology officer (CTO) Max Hernandez and chief financial officer (CFO) Manpreet Kohl.
On 12 October, saitama named rapper Willie D as President of NFT Curation and Talent Acquisition in a deal worth more than $50m with incentives and bonuses. “In his talent acquisition role, Willie D will be responsible for securing high level partnerships within several industries including, but not limited to, high profile individuals and businesses in the entertainment space.”
Willie D, who was an early investor in dogecoin as well as bitcoin, will support saitama in NFT creation.
The saitama token features “smart coding that benefits loyal holders with rewards and protection from whales (big wallet holders) toxic actions”, according to its website. There is a 2% redistribution fee and 2% token burn on every transaction.
Saitama aims to provide a community-driven token that empowers young people to adopt decentralised finance (DeFI) to help manage their finances. The whitepaper notes:
- “Gen Z will soon have the biggest power of purchasing in history
- They are pragmatic and financially-minded, but they miss financial education
- Only 10% feel confident managing their finances and 76% are interested in learning it
- Most of their lives will be spent in a world changed forever by DeFi
- Their digitally native lifestyle has given them a step up in using technology, which means they can adopt cryptocurrencies at a faster rate than other generations
- 23% more people are using peer-to-peer payments than prior to the pandemics, and Gen Zers are the ones driving this
- They are community builders and natural born communicators, advocating for ideas they trust
- Empowering the youth to take control of their lives is a long term investment in the future of our planet”
On 15 September, saitama announced a sponsorship deal with esports company Blaze Fire Games, valued at $50m.
“The partnership’s strategy focuses on massive expansion into new platforms such as mobile gaming creation, eSports tournaments; Blockchain education accelerating existing global reach with offices in Asia, Europe, South America, and more and building on existing performance infrastructure, and increased investment in talent development,” the announcement said. “A major plus, Saitama will distribute co-branded cryptocurrency under this agreement with a Saitama-Blaze Fire Games native token.”
According to the latest saitama coin news, it was listed on the Gate IO and BitMart exchanges on 26 October. It was added to the LATOKEN DEX on 27 November and the Giottus exchange in India on 30 November. The latest saitama coin listing was on SwapSpace on 4 December.
The Saitamask digital wallet is in development, which will allow users to trade, stake and store their cryptocurrencies, while accessing education on cryptocurrencies, gaming and NFTs. Saitamask is in the process of undergoing a security audit by cryptocurrency security firm Certik, which was 85% complete, as of 16 December.
Saitama price retreats from November spike
The saitama coin chart shows that the token traded up from $0.000000000045 on 18 June to $0.000000003733 on 30 July. It then slipped back, but rose to $0.000000004645 on 7 September as the cryptocurrency markets rose. The price began to rally strongly in October as the token began to join more exchanges after a retreat in late September, reaching $0.000000102 on 3 November.
Saitama spiked to hit a high of $0.000000173 on 13 November. It then fell to $0.00000003129 as holders sold off their tokens for profit taking after the strong gains. Saitama moved back up to $0.00000007533 on 30 November and has been trending lower so far in December.
A hack of an ETH wallet and a BSC wallet belonging to the BitMart Exchange on 4 December resulted in the theft and dumping of a large number of saitama tokens among others. The saitama price fell from $0.00000006117 on 3 December to $0.00000003798 on 4 December. The price token has since traded around the $0.00000004-0.00000005 range.
Can the saitama price rebound from its recent losses? What is the outlook for the price in 2022 and beyond?
Saitama coin price prediction: Targets for 2022, 2025 and 2030
Short-term sentiment for saitama was bearish at the time of writing (16 December), according to technical analysis from CoinCodex. There were 19 technical analysis indicators giving bearish signals compared with five bullish signals. The daily simple and exponential moving averages were giving sell signals, along with the Hull moving average and the volume-weighted moving average. The relative strength index (RSI), stochastic fast, stochastic RSI and Williams percent range were giving buy signals.
There was technical support at $0.0000000341 down to $0.0000000264, with resistance up at $0.0000000418 to $0.0000000495. CoinCodex’s saitama crypto price prediction indicated that the saitama inu price could break through resistance to climb by 68.63% to $0.0000000644 by 21 December.
The saitama token price prediction from DigitalCoin expected it to take several years for the price to move back above $0.0000001. Based on historical data, the site projected that saitama could average $0.0000000658 in 2022 and $0.0000000815 in 2023, moving up to $0.0000001096 in 2025. By 2028, DigitalCoin predicted saitama to average $0.0000001748, with a high of $0.0000001851, the data showed.
Price Prediction’s SAITAMA/USD forecast did not expect the coin to return to its high within the next five years, predicting the price would average $0.00000004 in 2022, $0.00000005 in 2023 and move up to $0.00000018 in 2025. The site predicted the price to average $0.00000115 in 2030.
It’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.
We recommend that you always do your own research, and consider the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. And never invest more than you can afford to lose.