Saga (SAGA) is crypto exchange Binance’s 51st Launchpool project. This project is a Layer 1 protocol created specifically for developers to enable them to build infinitely scalable applications using “chainlets.” Since its inception, Saga has grown rapidly, with 350 projects built on its protocols in two years, 80% of which are game-related.

Then, what is Saga (SAGA) Coin? Is it a good investment in 2024? In this article, we will explore all details about  SAGA coin project.                

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Table of Contents

What is Saga (SAGA)?

Saga Development History

How does Saga Work?

What is the SAGA Token?

SAGA Tokenomics

Saga (SAGA) Price Prediction 2024, 2025 and 2030

Is SAGA a Good Investment in 2024?

How to Trade SAGA Coin on BTCC?

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What is Saga (SAGA)?

Saga is a Layer 1 network built on the Cosmos SDK with unlimited horizontal scalability potential. The project aims to simplify and enhance the DeFi and Web3 gaming industry by providing a more customizable and streamlined process for developing new applications.

On the Saga chain network, blockchain developers can create their own autonomous, VMM-independent decentralized applications called “Chainlets.” This opens up the opportunity for unlimited horizontal scaling potential and applications that are highly customizable, interoperable, fee-predictable, and easy-to-create.

Although Chainlets are autonomous and Virtual Machine agnostic, they still rely on Saga’s L1 security and validators. They pay a fee to validators based on a subscription model. The subscription price is determined during validator’s auction, where the validator who offers the lowest price wins Chainlet’s auction.

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Saga Development History

The concept and ambition of the Saga encryption protocol to facilitate the development of web3 Dapps has attracted a great deal of attention from developers and the crypto community, successfully expanding its ecosystem to over 360 active decentralized applications.

Since founded in 2021, the company has closed three rounds of private funding with top funds and investors such as Polygon Studios, Hypersphere Ventures, SamsungNext, and more, securing more than $15 million.

On April 5, 2024, the project forged a new partnership with the largest crypto exchange, Binance, announcing an IEO and subsequently listing of $SAGA on the exchange, allocating 4.5% of the total supply for the event.

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How does Saga Work?

The Saga protocol is decentralized and runs on a proof-of-stake (PoS) model. Each Chainlet mirrors the Saga mainnet in a security and validator set, ensuring consistent and strong security across the platform.

Notable features of Chainlet include:

• Scalability: Chainlet enables applications to scale their performance and speed as needed.
• Cost-effective operation: developers can choose their preferred monetization model, with fees determined by daily reverse auctions between validators.
• Easy to use: Chainlets can be easily set up with a single click in Saga WebApp.
• Interoperability:rapid asset transfers between Chainlet and other ecosystems are possible.
• Flexibility: developers have full control over their Chainlets, ensuring customizability and application-specific optimizations.

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What is the SAGA Token?

SAGA is the native token of the Saga protocol, providing support for the entire Saga protocol. The token is used to access decentralized governance, pledge, pay fees, and reward Chainlets validators within the network.

• Chainlet Payments: developers use SAGA coins to cover the cost of creating and maintaining chainlets for network validators.
• Pledge: participants can pledge to enhance network security and receive SAGA coins as well as token rewards from projects that use the Saga protocol.
• Governance: SAGA Coin holders also have the privilege of voting on Internet governance issues.

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SAGA Tokenomics

The total supply of SAGA coins was 1,000,000,000, of which private pre-sales accounted for 20% (200,000,000) of the total supply, and public sales accounted for 4.5% (45,000,000), and were conducted through Binance.

• Total Raise: $15,000,000
• Total Supply:1,000,000,000
• Private/Pre-Sale: 200,000,000 (20%)
• Public Sale: 45,000,000 (4.5%)
• Fully Diluted Valuation (FDV): $75,000,000
• Initial Circulation Supply: $6,750,000 (9% of FDV)

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Saga (SAGA) Price Prediction 2024,2025 and 2030

As of June 13, SAGA is traded at a price of $1.93647115, down 5.74 % over the past 24 hours. Meanwhile, it records a market cap of $183.709 million with a 24-hour trading volume of $43.776 million.

The following sets forth the SAGA to USD Chart

Saga Chart

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Saga (SAGA) Price Prediction 2024

As for Saga (SAGA) Price Prediction for 2024, there are divergent opinions. TradingBeast expects an maximum price level of $2.770907, and PricePrediction.net echoes with ~$4.084522 by the end of 2024. Other experts, for example, from WalletInvestor, are more pessimistic about Saga’s future price, citing numbers downwards of $0.24 in December.

Saga (SAGA) Price Prediction 2025

In terms of  Saga (SAGA) Price Prediction for 2025, according to WalletInvestor, in 2025, Saga price is predicted to decline to a yearly low of $0.0858, which makes Saga a poor investment option. PricePrediction.net, in turn, predicts the price drop to $1.847271, and TradingBeast agrees with a predicted price fall down to $1.642019.

Saga (SAGA) Price Prediction 2030

As for long-term Saga price predictions for 2030, experts present two polar opinions. PricePrediction.net expresses the view that Saga price won’t grow further and, opposedly, will decline to a potential low of $0.7184. WalletInvestor’s price prediction for Saga echoes with the projection of a downtrend to $0.1795. Despite this, TradingBeast’s vision remains positive, promising growth up to $2.319352.

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Is SAGA a Good Investment in 2024?

Since its inception, Saga has grown rapidly, with 350 projects built on its protocols in two years, 80% of which are game-related. It has made collaborations with leading blockchain networks such as Polygon (MATIC) and Avalanche (AVAX).

In addition, Saga recently launched Saga Origins, a game publishing division dedicated to bringing quality games to market. With Saga Origins, developers have access to comprehensive support, including partnerships with influencers, user acquisition activities, and community building programs. Saga also holds Play to Airdrop event where players are rewarded with SAGA tokens by participating in games.

Saga launched the Pegasus Incentive Test Net in Q4 2023 to assess performance metrics. Saga is planning another round of airdrop rewards around the theme of “loyalty,” much like the earlier wave, with Liao saying that unclaimed tokens from the first round will be rolled over towards future initiatives.

Furthermore, Saga is teaming up with as-yet-unconfirmed ecosystem partners to deliver even more benefits for users who stake their tokens. “Saga will airdrop confirmed loot boxes of over 100 of their partner’s tokens to Saga stakers on a regular cadence,” a press release reads.

Going forward, Saga plans to gradually roll out its mainnet, starting with the Saga security blockchain and platform blockchain that make up the Saga mainnet. These blockchains will provide developers with the infrastructure to launch and maintain their Chainlets.

How to Trade SAGA Coin on BTCC?

Fortunately, SAGA USDT-margined perpetual futures contract with a leverage of up to 20x is now available on BTCC. If you are interested in SAGA coin, you can trade SAGA coin on BTCC platform. The following sets forth the detail guidance for trading SAGA USDT-margined perpetual futures contract on BTCC.

Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.

Step Two: on the BTCC official homepage, choose “Deposite” > “Fiat Deposit”, and then fund your account.

Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find SAGA trading pair.

You can also directly click the button below to enter the SAGA order page.

Step Four: choose the contract trading order type. BTCC contract orders are divided into market orders, limit orders and SL/TP orders.

• Market Order: users place orders at the best price in the current market to achieve fast trading.
• Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
• SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.

Step Five: adjust the leverage multiple.

Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.

Step Six: choose the lot size and set the SL/TP price .

Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.

Step Eight: click the buy or sell button, and the SAGA futures contract order is completed.

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That’s all information about SAGA. If you want to know more information about SAGA coin and other cryptocurrencies, please visit BTCC Academy.

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