SAGA soared 170 times after listing on Binance. What kind of mysterious power is hidden behind this? How much room does it have for growth?
First, let's take a look at the basic information of SAGA. The total supply of SAGA is 1 billion, of which airdrops account for 15.5%. At the time of TGE (Token Generation Event), its initial circulation was about 90 million, accounting for only 9% of the total initial supply of tokens. This means that SAGA had a relatively small circulation at the beginning of its launch, which may also be an important factor leading to its price surge.
In terms of token distribution, we can see that airdrops, Binance Launchpool, Ecosystem and Development Fund, Foundation Reserves, Core Contributors and Investors each have a certain proportion. This distribution method is designed to ensure the continued development and stability of the SAGA ecosystem.
However, whether SAGA still has room for growth is a question that requires careful analysis. We can refer to the situation of mainstream currency dot. The total amount of dot is also more than one billion, but the current price is less than 9u, and it ranks in the top 20 in the world. From this perspective, the price of SAGA is still a certain distance compared with dot.
However, we cannot simply assume that SAGA still has huge room for growth. After all, the market trend is affected by many factors, including the operation of the project party, changes in the market environment, investor sentiment, and so on. Therefore, when deciding whether to chase SAGA, we need to consider these factors comprehensively and make rational judgments.
In general, the surge in SAGA after listing on Binance is indeed remarkable, but there is still uncertainty about its future trend. For investors, it is most important to stay calm, analyze rationally, and make prudent decisions.
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