Saitama Inu [SAITAMA], the market’s #2860 ranked token, managed to reap the direct benefit of the latest broader market pump. As Bitcoin was up by 4% on the daily window, SAITAMA pulled off a magnificent 14% incline in the same timeframe. At the time of press, this token was priced at $0.000000020069.
Well, Saitama’s appreciation comes as no surprise because this token has been replicating Bitcoin’s movements on its own price chart for quite some time. Over the past few months, there have hardly been any trend deviations as such. Both the coins have seen uptrends, downtrends, and consolidations together.
The token, on its part, has been able to amass the attention of close to 300k participants. On CoinMarketCap, for instance, SAITAMA has been added on 211,099 watchlists already, while on CoinGecko too, over 88,618 people had star-marked this token. This means that people from the community have been closely monitoring this coin’s performance.
Further, as per data from LunarCrush, Saitama Inu has registered a 20% incline in the volatility and a 38% uptick in the volumes traded over the past day. Evidently, market participants’ interest with respect to this token has notched up lately.
Saitama’s gray lining
Despite the glittery side, the state of Saitama’s social metrics did not seem to be very appealing at press time. The social volume was down by more than 60%. In effect, the token’s dominance on social media circles plunged down by over 90%.
In fact, to make things even more choppy, the social contributor’s count and the social engagement too had witnessed similar downslides.
However, with Bitcoin’s price seemingly back on track, Saitama Inu does have the scope to pump even harder in the coming days. In such a case, the community euphoria would end uprising and the social sentiment, in effect, could pose a recovery.