Saitama Kitty, which is trading as SAIKITTY in the indices made its debut in the crypto market today. The coin shot up +155% in the days trade and more than doubled investors money in the span of 24-hours.
Taking an early entry position has become the latest rage as investors don’t want to miss out on the doubling in price. SAIKITTY has already reached a market cap of $2.6 million (Including locked and excluding burned) and its total supply is 100 trillion tokens. Its trading volume sits at $1.5 million
What is Saitama Kitty?
The new kid on the block Saitama Kitty is a community-driven meme token that is running on the Binance Smart Chain Network. Their website claims that they drive to provide utility to its users through Saibridge.
In addition, the website also claims that the token is highly inspired by Saitama Inu (SAITA). However, they made it clear that the two are nowhere affiliated to each other.
SAIKITTY had no pre-sale launch and allowed all investors to get in together at once. We had no ”Private sales, no VC, no Seed Sale,” their website read and highlighted they believe in giving equal opportunities to investors.
In the first day of its trading, Saitama Kitty achieved over 1,500 holders majority of them are sitting on profits. The coin is still attracting heavy buying pressure as it has nothing much to lose due to its first day.
The token is currently trading with seven ‘zeroes’ and has a long way to go in knocking them off. However, investors who took an early entry position today are sitting in a comfortable position of not losing their gains.
Can SAIKITTY Make A Name For Itself?
Meme-currencies are selling like hot cake all over the crypto market. It’s only a matter of time before Saitama Kitty penetrates the already crowded social media segment of meme-coins.
However, making an instant connection with the investors’ community might take time as not everybody would jump in on the bandwagon.
SAIKITTY has to first win the hearts of investors by showing constant growth similar to today. Only then can the token expect to bask in the limelight the way the top leading coins are enjoying the attention.
Saitama Kitty at the time of publishing was trading at $0.000000028072 andi s up 155.8% in the 24-hours day trade. The coin is expected to shoot up further but we advice caution as its a new entrant in the market.