Saitama Crypto AKA SaitaChain Crypto, In-Depth Info And Analysis

The journey of Saitama Inu, which is known as a meme token launched on May 30th, 2021. Later, in a strategic move, they decided to rebrand and discontinue the Saitama Token, making way for a grand reimagining.

They basically presented and paved the path for SaitaChain Coin (STC). This is known as a renewed, much enhanced, and enriched version that evenly matches with the company’s new aimed vision and its roadmap.

Furthermore, this move was for change in its category type but also it seems like a considerable step towards a more practical, better easy-to-use, and advanced ecosystem.

As they started this new journey, they invited their previous community to join them back in shaping the future of finance with the SaitaChain Coin.

SaitaChain Coin represented itself as more than just a crypto coin; it signifies an extensive change in Saitama’s approach as well. 

The new branding showed a commitment to excellence and future innovation, setting the stage for a brighter future. They imagined and aimed to have a crypto coin that not only had value but also had the capabilities to become a vital part of user’s daily lives.

About SaitaChain Blockchain

SaitaChain Blockchain is a disruptive layer 0 public blockchain that was bound to be a game-changer in the crypto ecosystem. 

Furthermore, SaitaChain decoded and solved the critical problems of its Layer 1 counterparts that came in the last decade, such as much congestion and high gas fees, and it promised to transform decentralized finance (DeFi) with its outstanding transaction speeds and competitive fees.

What Makes This SaitaChain More Unique?

As part of the evolution, SaitaChain Coin had 0% transaction fees on SaitaChain, promoting a seamless and cost-effective user experience. 

For transactions via ETH and BSC, a minimal 2% fee was applicable, which was half of what it was before (4%). 

Moreover, with this fee structure, they wanted to motivate users to engage more actively within the SaitaChain ecosystem, showing that the company did not benefit from the users, but the users benefited from the company.

In addition, the SaitaChain (STC) didn’t just rebrand itself and improve its image, but instead, it was on a bigger mission to solve problems and make things better.

They worked on creating stronger solutions to tackle current challenges and made sure their token was protected from potential risks.

SaitaChain has a clear vision for the future, and they want to make SaitaChain Coin a popular choice for everyday transactions. ​

A Rebranded Version Of SAITAMA, SAITACHAIN Coin Technical Analysis In 4-H Time Frame

The SaitaChain Coin price was in an uptrend up to January 13th, 2024, it rose from the demand zone but it dropped from the very next candle, showing that buyers were not interested much in keeping it at the above level.

Therefore, the price fell in the parallel channel dropped from the resistance level, and could come back to the demand area soon. The STC crypto has demonstrated a sign of decline as the price sank from a vital level of around $0.00190.

Since then, the STC crypto has run into the resistance level and tumbled to the previous low level.

Furthermore, the SaitaChain asset is bearish and has more room to fall as it drops below major trend 20, and 50-Day EMAs, depending on the seller’s surge, it could stretch more.

The STC asset is exhibiting bearish weakness and the RSI is below the 50 mark, implying that the crypto asset is still in negative territory and can sink further down. Meanwhile, MACD shows a bearish cross with increasing histogram width, signifying the bearish trend as well.

As per the press time, the CMP is at $0.00141 and the price action is bearish. The total liquidity is $401,393.01 and 24-hour volume is $71,590.83.

Therefore, if the price slips back from the current support, it could reach the demand zone at $0.00125. Alternatively, if the buyer interest reactivates, then the price could even go up to $0.00160, as well.

Summary

SaitaChain Coin (STC) is a renewed, much enhanced, and enriched version that matches perfectly with the organization’s new aimed vision and roadmap

The price movement suggests that the crypto fell in the parallel channel and dropped from the resistance level, and could come back to the demand area soon. Therefore, if the price slips back from the current support, it could reach the demand zone at $0.00125.

Technical Levels

Support Levels: $0.00125

Resistance Levels: $0.00160

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.