Decided you want in on the action? You can buy Saitama on Uniswap with Ethereum bought on eToro.
With the increasing popularity of cryptocurrencies, new altcoins are gaining traction every day. Saitama Inu (SAITAMA) is looking to change the way Gen Z investors trade cryptocurrency, by making it more accessible for everyone.
What Is Saitama?
Saitama is a community-driven ERC-20 token, which means it was built on the Ethereum network. Saitama claims its goal is to educate the next generation of investors to make crypto investments simpler and safer by providing content that teaches traders how money works while they invest, opening opportunities for wealth creation. To do this, Saitama plans to develop its own ecosystem, including a marketplace, a software wallet and a non-fungible token (NFT)-based launchpad platform.
Saitama has a protocol in place to burn 2% of an investor’s tokens with every transaction in an attempt to increase the value of the Saitama Inu token.It also claims to have an “anti-whale” mechanism that will prevent large investors from drastically affecting token prices. This feature is not yet functional and is entirely speculation.
Saitama Market Position
The current market cap of Saitama is about $4 billion, with a price of $0.00000008 per token. Although the price of the token is at a fraction of a cent, the total market capitalization is considerable. If price were to climb to 0.000008, cutting 2 zeros, the market cap would grow to roughly $400 billion. This would make Saitama a top 3 coin behind Bitcoin (BTC) and Ether (ETH).
Where To Buy Saitama Inu
There are many different options when it comes to purchasing altcoins like Saitama. You can purchase Saitama on Gate.io or use a decentralized exchange (DEX) like Uniswap to swap another crypto for Saitama. A decentralized exchange is a great alternative for traders looking to avoid fiat or wishing to exchange a different altcoin. To use a DEX, you’ll need to buy Ether on a cryptocurrency exchange. Some great choices are eToro, Gemini and Coinbase Global Inc. (NASDAQ: COIN).
How Long Will it Take for Saitama Inu To Reach $0.0000008?
For Saitama to reach this price target would require 10 times growth from the current market value. This increase is completely dependent on trader volume as well as project growth. If the community continues to grow and Saitama launches all the features it claims it will, Saitama could see 10 times gains by January.
In November 2021, Saitama has no current use cases, and the project is widely speculative at this point. Considering all the other altcoins available to investors, users face a real possibility that Saitama Inu may never reach $0.0000008.
Where To Store Saitama Safely
When considering how to store your Saitama, there are 2 paths to choose from: software wallets and hardware wallets.
- A software wallet is an application on your computer or mobile device.
- A hardware wallet is a special type of wallet that stores the user’s private keys in a secure hardware device — keeping your private key information off your computer and on the external device.
Best Hardware Wallet: Ledger
Ledger is the most recognized and most credited hardware wallet currently available. The device is primarily an offline hardware wallet. Ledger also connects to Bluetooth and USB depending on if you want to use your computer or mobile phone. Ledger also has an app to make it much easier to secure, store and manage your assets.
Best Software Wallet: Metamask
Metamask is the largest decentralized software wallet currently available. Metamask offers a desktop application as well as a very nice mobile app for traders. It also has built-in integration with hardware wallets like Ledger or Trezor, which ensures a maximal level of security for investors.
Pro Tip:
Pay close attention to the roll out of the features Saitama is claiming to launch as real utility will provide value to the project.
Current Crypto Prices
The current value of the entire crypto market is roughly $2.6 trillion. Market sentiment continues to stay bullish as Bitcoin begins its rally and Ether breaks all-time highs. Short-term market sentiment will depend heavily on what Bitcoin decides to do next.
So, Is Saitama a Good Investment?
If you are looking to take a risk and diversify your portfolio into speculative altcoin projects, then Saitama may be a good investment for you. If you are looking to invest in revolutionary projects that will shape the future of decentralized finance (DeFi), then Saitama may not be a great investment for you. Make sure to never invest more than you can afford to lose, as altcoins are extremely volatile assets.
Benzinga crafted a specific methodology to rank cryptocurrency exchanges and tools. We prioritized platforms based on offerings, pricing and promotions, customer service, mobile app, user experience and benefits, and security. To see a comprehensive breakdown of our methodology, please visit see our Cryptocurrency Methodology page.