Is Saitama Inu a Good Investment?

Saitama Inu
Source: business guide africa

Saitama Inu is a new cryptocurrency that was formed in response to the popularity of dog-themed meme coins like Dogecoin and Shiba Inu coins. Following the recent hearings on crypto regulations, altcoins, such as the SAITAMA coin, are gaining traction among cryptocurrency investors due to their sharp price hike and spike. At the moment, the price of Saitama Inu seems to be going to the moon.

Why Saitama Inu?

Saitama Inu is a community-driven meme coin with the goal of educating the next generation of investors about cryptocurrencies. It also aims in making cryptocurrencies simple and safe for everyone. Saitama Inu focuses on Gen Z investors, who, according to their white paper; are 93% confused or frustrated when it comes to money. Saitama Inu’s goal is to give people content that explains how money works and encourages them to invest, allowing them to build wealth.

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Saitama Inu intends to do so by creating its own ecosystem, which will include a marketplace, a smart wallet, an NFT based Launchpad platform, and a multi-channel content platform. It also intends to conduct a promotional campaign on Tik Tok and Twitter to raise awareness and reach out to 40k users.

Saitama Inu Tokenomics

Saitama Inu was founded in May 2021. The token’s total supply is 100 quadrillion; 54% of which have already been burned. 4% of it has been set aside for initial liquidity and 45% are in circulation. Moreover, Saitama Inu uses the patented deflationary token strategy of burning 2% of each token.

By doing so the team hopes to continually reduce the token supply and raise the value of Saitama. Also, the project contains an anti-whale trap; that discourages large wallet holders from attempting to manipulate the price or dump the token.

Saitama Inu Prediction

Unlike many other meme coins, Saitama Inu promises to have a robust ecosystem that will provide genuine value to its token, it’s Saitama wallet, is a smart wallet that makes crypto accessible to investors of all levels, and helps them to keep track of their investments. It will provide users with access to the educational platform, the marketplace, and the NFT shop..

All of this is targets the Gen Z as a target demographic. Saitama Inu aspires to differentiate itself from other projects by putting content at the center of its operations. In addition to generating proprietary material, it intends to launch a community-run business under the hashtag Saita.Edu, where content creators can profit from sharing their talent and financial knowledge.

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Should You Invest in SAITAMA ?

So what’s the future of Saitama? Should you hodl, and when will it reach the $0.1 mark. Even after accounting for the already burned supply, it’s quite unlikely that SAITAMA will ever hit the $0.1 mark.

The team’s ability to follow through on its projected roadmap, which calls for creating a complete ecosystem around the project’s vision will determine how close it can get. Though we do believe that this token can be very interesting with due time; And if anything goes according to plan, it may also be a good investment chance.