Thoughts on $SAGA Contd..
$SAGA actually delivered on two points I talked about in the last post I wrote back in April.
- Staking demand has gone up significantly; 76% of the supply is currently staked.
- SAGA recently launched a mainnet, and Uniswap V3 will be launched as one of the chainlets on Saga, which is a good validation on the development side.
- Saga is directly competing with AVAX9000 in its offerings. They have a developer-focused approach, building an ecosystem of scalable appchains with deep cross-chain liquidity.
$SAGA is down by 69% from its Day 1 listing price.
There are no investor unlocks for the next four months.
Overall, the tech looks solid here. Staking demand is strong, and with more developer-side interest, SAGA could attract greater attention, which might be reflected in PA.
From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.