thecoinrepublic.com
- Over a seven-day following period, Saitama Inu cryptocurrency has surged 23.8%. Over the course of 24 hours, trading volumes in Saitama increased by 194.9% to $95.77 million at press time
- Saitama was created in May and advertises itself as a community-driven ERC-20 coin
- Unlike many other meme currencies, Saitama claims to have a robust ecosystem that will provide genuine value to its token
Over a seven-day following period, the Saitama Inu has surged 23.8%. Over the course of 24 hours, trading volumes in Saitama increased by 194.9 percent to $95.77 million at press time. Over the last 24 hours, altcoins have increased by 38.7% versus Bitcoin and 35.7 percent against Ethereum. The token has lost 84.7% of its value after hitting an all-time high of $0.00000075 in September. Saitama’s advances coincide with rises in prominent meme cryptocurrencies like Dogecoin DOGE, as the global cryptocurrency market value surged to $2.85 trillion on Thursday evening.
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Saitama Inu was created in May and advertises itself as a community-driven ERC-20 coin. The brand was inspired by a legend about a strange ghost dog that is claimed to haunt the mountains of Japan’s Saitama area. Saitama’s own ecosystem will be developed by the project behind the currency, which will include a marketplace, a smart wallet, an NFT-based launchpad platform, and a multi-channel content platform. The Wolf Pack of the Saitama community shared a message on Twitter on Thursday announcing that the token now has 200,000 holders. Saitama also announced that on Thursday, it would have an Ask Me Anything session with the token’s creators to discuss the coins that will be included on its SaitaMask smart wallet, which will launch on Saturday, November 13th.
Saitama’s creator is anonymous, as is the case with other meme currencies. According to its whitepaper, it was founded in May 2021 with the aforementioned objective, but due to personal problems, the founder had to relinquish control of the project. However, a group of people who believed the aim was important and worthwhile took up the project and proceeded to develop it.
A crypto YouTuber with over 56,000 subscribers, is now in charge of the project. Six more people have joined him, all of whom have been doxxed on the project’s website. Unlike many other meme currencies, Saitama claims to have a robust ecosystem that will provide genuine value to its token. Its SaitaMask wallet, which is set to launch by the end of September, is a smart wallet that makes crypto accessible to investors of all levels and helps them to keep track of their assets.
Users will be able to access the educational platform, the marketplace, and the NFT shop through it. SaitaMarket is a communal marketplace where users may buy and sell items and services, probably merchandising. SaitaMaker will be an NFT-based launchpad platform that will allow community members to design and launch SAITAMA-based projects. The Saitama Edutainment platform will be a multi-channel content platform with numerous content forms that teaches and entertains audiences on how to save, invest, manage money, and generate wealth possibilities.