WILL $SAGA RECOVER IN A BEAUTIFUL PARABOLIC SHAPE?? 😍
SAGA's price has tested the $0.93 zone twice before bouncing back. It is currently trading around $1.64, which means it has increased about 70% from the bottom.
🤔I value this recovery much better than many new coins launched at the beginning of 2024. The reason is:
👉The valuation is less crazy:
SAGA's capitalization has decreased from $600 million at TGE to about $100 million. As I said in many previous posts, the capitalization zone of $100 million or less is an opportunity for you to collect good altcoins, especially for projects oriented to develop in the form of Layer1 like SAGA.
👉Slow token unlock schedule:
Currently, SAGA's circulating supply is only at 10%, so the capitalization is only 165 million USD, but the FDV is up to 1.7 billion USD ~ ~.
However, you don't need to worry too much about this parameter, because SAGA's token unlocking process is quite slow. It will not be until April 2025 that a large amount of tokens for Teams and Investors will really flood the market. In other words, in the next 8 months, SAGA tokens will be diluted a little and will be a good opportunity for MM to push up the price.
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Regarding side information, the project currently does not publicly announce the token prices of the early sale rounds for the fund, only publicly calling for capital of about 11.5 million USD. In cases like this, it is quite difficult for you to find a profit-taking point by comparing with other competitors of SAGA, so just set a capitalization target of 1 billion USD and gradually close it.
💵About the buying zone: around 1 USD, corresponding to a capitalization of 100 million USD.
