What Is Saga (SAGA) Coin: Something You Need To Know About It
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. 
BTCC, one of the longest-running crypto exchanges in the world, supports trading for 300+ virtual currencies with leverage ranging from 1Χ to 225Χ. If you want to start trading cryptocurrencies, you can start by signing up for BTCC.
＼Deposit and Receive Up to 10,055 USDT!／
Table of Contents
Unique Features of Saga
Saga (SAGA) Price Prediction 2024, 2025 and 2030
Is SAGA a Good Investment in 2024?
＼Deposit and Receive Up to 10,055 USDT!／
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.
SAGA USDT-margined perpetual futures contract with a leverage of up to 20x is now available on BTCC, you can click the button below to trade SAGA coin⇓
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.
| Download App for Android | Download App for iOS |
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.
Click the button below to trade SAGA coin⇓
Unique Features of Saga
Saga provides developers with Chainlets that offer infinite horizontal scalability. Each Chainlet operates as an independent application chain, enabling applications to operate at peak performance and speed. Developers can also choose their monetization model by using their own tokens or tokens from other ecosystems.
Automation makes it easy to create Chainlets through the Saga WebApp. Users can quickly transfer their assets between Chainlets and other ecosystems. This enables fast bridging and interoperability. Developers get full flexibility and customizability in their Chainlets. Saga allows different projects to be creative. It supports a wide range of projects, from games to decentralized finance (DeFi) applications. This flexibility and innovation allows Saga to play an important role in the blockchain ecosystem.
Click the button below to trade SAGA coin⇓
| Download App for Android | Download App for iOS |
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.
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)
Click the button below to trade SAGA coin⇓
| Download App for Android | Download App for iOS |
Saga (SAGA) Price Prediction 2024,2025 and 2030
As of writing the article in July 18, SAGA is traded at $1.65, boasting a market cap of $161,003,643, and witnessing a hefty 24-hour trading volume of $92,697,980. SAGA Token saw a 24-hour change of +2.9%, with minor fluctuations of +0.3% over the past hour. Notably, SAGA coin witnessed a massive price jump of +22.7% over the past 7 days and +38.2% over the past two weeks.
The following sets forth the SAGA to USD Chart
For more information about SAGA Coin, please visit BTCC SAGA quote page.
Saga (SAGA) Price Prediction 2024
As for Saga (SAGA) Price Prediction for 2024, SAGA’s short-term price forecast is positive, indicating an expected increase in value in the coming months. The table below summarizes SAGA’s projected price movements over the next 6 months.
| Month | Lowest Price | Average Price | Highest Price |
| August | $1.73 | $1.76 | $1.79 |
| September | $1.76 | $1.84 | $1.93 |
| October | $1.89 | $1.93 | $1.96 |
| November | $1.32 | $1.44 | $1.56 |
| December | $1.48 | $1.73 | $1.98 |
| January | $1.89 | $2.02 | $2.14 |
Saga (SAGA) Price Prediction 2025
In terms of Saga (SAGA) Price Prediction for 2025, SAGA is projected to drop to a minimum price level of $45.44, with the prospect of reaching maximum peaks at $98.78. Consequently, the average forecast for Saga’s price in 2025 stands at an encouraging $41.98, reflecting a dynamic trajectory in the crypto market.
Saga (SAGA) Price Prediction 2030
As for long-term price predictions for 2030 on Saga (SAGA), SAGA is predicted to be traded within a range of $158.04 to $217.31 during the year, with an expected average cost of approximately$187.67. These insights provide investors with a roadmap to navigate the dynamic landscape of Saga’s price fluctuations.
Click the button below to trade SAGA coin⇓
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.
Notably, SAGA coin witnessed a massive price jump of +22.7% over the past 7 days and +38.2% over the past two weeks. This massive price rise fully indicates SAGA’s promising future. 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.
＼Deposit and Receive Up to 10,055 USDT!／
| Download App for Android | Download App for iOS |
How to Buy SAGA?
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.
Note: BTCC provides mode trading and offer mode trading fund. For those who want to try to start cryptocurrency contract trading and is concerned about trading fee (BTCC minimum fee can be 0%), it is recommended to start from BTCC !
That’s all information about SAGA. If you want to know more information about SAGA coin and other cryptocurrencies, please visit BTCC Academy.
＼Deposit and Receive Up to 10,055 USDT!／
You May Like:
ZK Token Review & Analysis: ZKsync to Airdrop 3.675 Billion ZK Tokens to 695K Wallets Next Week
KaiCat (KAI) Meme Coin Review: The Next 100X AI Crypto?
What is Cat in a Dogs World (MEW) Coin: Something You Need to Know About It
Binance Unveils New Megadrop Project $LISTA: What is Lista(LISTA) Coin?
What is Oasys (OAS): Something You Need To Know About It
SEC Approves Spot Ethereum ETFs: When Will Ether ETFs Begin Trading?
Ethereum ETFs Review: Will Spot Ethereum ETF Get Approval This Year?
Best Cryptos to Buy Amid Higher Likelihood of Spot ETH ETF Approvals – Pepe, Arbitrum, Uniswap
How To Buy Ethereum (ETH) In Canada: A Updated Guidance For 2024
Is China’s Gold Buying Frenzy a Catalyst for Bitcoin’s Next Big Rally?
Oil Price Analysis & Forecast For 2024
New Meme Coin NotWifGary (NWG) Launched to Oppose SEC Crawdown: NotWifGary (NWG) Review & Analysis
Register now to begin your crypto journey
Download the BTCC app via App Store or Google Play
Follow us
Scan to download
Exchange for a better future
- Terms & Agreement
Quick Links
Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
The world’s longest-running cryptocurrency exchange since 2011 © 2011-2024 BTCC.com. All rights reserved
Comments
Leave a comment
Your email address will not be published. Required fields are marked with an asterisk (*).
Comment*
Name*
Email address*