POPULAR dog meme cryptocurrencies have enjoyed gains in the past month – but you may not have heard of Saitama Inu.
In the past 24 hours, Saitama has climbed 13% to $0.00000007531, according to CoinMaketCap.
Furthermore, the cryptocurrency has exploded more than 260% in the past week and nearly 740% over the past month.
But make sure you keep in mind some risks when it comes to Saitama.
For one, it was recently launched in late May. Newer cryptocurrencies are riskier than those that have been around for longer, such as Bitcoin, and could make you more vulnerable to scams.
Also, you could lose a lot of money quickly if you’re not careful. This is because of the extreme volatility in the industry.
And know that the crypto space can be filled with complexity, so you need to understand what you’re investing in.
What is Saitama?
Firstly, the cryptocurrency has been said to have gotten its name after a “ghost dog” roamed amongst the Saitama Prefecture in Japan.
The logo of Saitama Inu appears to feature a wolf surrounding a human face.
And because of the dog-link and the big recent gains, Saitama will draw some comparisons to meme coins including Dogecoin and Shiba Inu.
Like Shiba, Saitama operates as an ERC-20 token – meaning it runs on Ethereum’s blockchain.
It also has an anonymous founder.
Saitama describes itself as a “community owned startup business that is run by our pool of holders.”
In total, Saitama has a team of 40.
Currently, Saitama claims it is in “Stage 3,” meaning that it has 80,000 holders and is “gearing” up to list on major exchanges.
Stage 4 and Stage 5 for Saitama are next which includes a marketplace, decentralized finance (DeFi) wallet, and listing on more exchanges.
Saitama Inu price predictions
Given the recent favorable trends, some are wondering where the price of Saitama will wind up by the end of the year.
And this could depend on who you ask.
Digitalcoin sees the price reaching $0.0000001144 in 2021 and then climbing to $0.0000001313 next year.
In 30 days, Coin arbitrage bot sees the price surging by 37.50% to $0.000000011.
However, the cryptocurrency website forecasts Saitama will dip by 25% in 2022.
We’ve also done price predictions for Bitcoin, Ethereum, Dogecoin, Shiba Inu, dYdX, and EOS.
Plus, we recently explain four things you need to know about Dogecoin.
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