In a day marred by consolidation across most alts, Saitama managed to evoke a reaction within the community. The altcoin was trending across social media platforms amidst news of new liquidity pairs featuring on its decentralized wallet, Saitamask.
Tweets by Chief Operating Officer under the pseudonym @saitamaguru1 revealed that new liquidity pairs for Impact XP and Mandox were added on Saitamask less than 24 hours ago. The pairs enable users to swap their SAITAMA tokens for IMPACTXP and MANDOX and vice versa.
Although some users complained that their transactions were failing, Saitamaguru suggested that while swapping, users dealt with small quantities and increased slippage.
Data from LunarCrush showed that SAITAMA was making rounds on social media platforms. The daily social volume was up by 41% and social dominance climbed by 160%. Tweets generated on SAITAMA over the past hour came in at 450. Normally, a healthy social score triggers buying among investors and social media users.
SAITAMA, IMPACTXP, MANDOX Register Gains
The community acknowledged that the addition of LPs was a step in the right direction and the same was immediately reflected on the chart. The price jumped by nearly 30% and set up a 3-day high at the 38.2% Fibonacci level before parings gains later in the day. On the downside, SAITAMA’s price was still reeling after dropping low as 40% between 4-7 March. A weak broader market has been cruel to Saitama’s price and a sustained bullish injection would be needed for a fresh peak.
Meanwhile, Impact XP was one of the most sought out altcoins for the day, rising by 11% to $0.0000000000444 over the last 24 hours. The altcoin had touched a record of 18K total holders before the LP pair was added to Saitamask. The project is set to showcase its first-ever play-to-earn Metaverse game at the Crypto Expo Dubai 2022 which kicks off next week.
Mandox was little-changed, trading hands at $0.00000000148, up by 0.05% over the last 24 hours.