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What is Santa coin, and should you trade it or not?

Have you ever heard of the Santa Coin and its rewarding program? If not, here is the opportunity to learn more about it. Santa Coin is a meme coin working on the following principle: by using a real image, the creators take and divert it in a caricatural way to generate a buzz.

The first meme token was launched in 2013. Many tokens of the same type, such as Shiba Inu or Doge Floki Coin, appeared gradually. Currently, there are more than a hundred on the market. But what do meme coins represent in today’s cryptocurrency market? Let’s take a closer look at it before we see how and where to buy Santa coin and all its tokenomics.

Santa Coin – Meme coins explained

The meme token phenomenon started ten years ago and seemed to continue. The growth in the number of humorous tokens launched on the crypto market is proof of this.

However, Dogecoin seems unbeatable despite the arrival of successful rivals such as Shiba Inu (SHIB). Want to invest in these fun cryptocurrencies? We recommend that you go through the most popular platforms, which offer a wide choice of digital assets.

A Memecoin in crypto is, therefore, a digital asset created under the background of jokes and which has subsequently developed to obtain a certain reputation. In other words, it is a cryptocurrency that draws its inspiration from online jokes.

The Crypto Meme is characterized by great instability, unlike major cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH). It depends heavily on the emotions of a community and FOMO (Fear of missing out), which means the fear of missing an opportunity to make profits.

Today, Memecoins can have a hybrid quality between DeFi (Decentralized Finance) and NFT (Non-Fungibles Tokens). A way to reach a circle of investors and much larger communities.

On these types of cryptocurrency, we generally observe a huge or even unlimited quantity of tokens. This is why most of Memecoins’ prices are very low, and it is possible to obtain large quantities at a relatively low price.

Present on the majority of known blockchains (Binance Smart Chain, Ethereum, Polygon, etc.), Memecoins are easily accessible.

Santa coin basic info and tokenomics

If you aim to invest in this coin, you should follow its tokenomics. Here they are at the moment of writing this. To follow Santa Coin’s price live and trading volume of Santa Coin, visit the Coinmarketcap website for a detailed overview.

  • Santa Coin is created on BNB smart chain using BEP20 crypto protocol.
  • 24 hours volume $124
  • total supply of one Quadrillion coins, 1,000,000,000,000,000
  • Self-Reported Circulating Supply 406,025.81B SANTA
  • The time-high price of Santa is $76.68.
  • Current price $0.000000000513
  • Market Cap $211,868.58
  • Fully Diluted Market Cap $521,810.62 0.41%

8% is used for rewards distribution to holders

2% goes to the liquidity fee of the token

3% goes to buy-back and burn of the token

1% goes into the marketing wallet.

Launch date and roadmap

The Santa Coin project was launched in November 2021 on Binance Smart Chain. The next year in April, the project was complemented with the earn-to-play game comprising the in-game rewarding system. Very quickly, Santa developed a strong community that gathers on their official channel on Twitter, Discord, Medium, and Telegram.

Santa coin price forecast

So what is the forecast for the Sanat Coin price in the next couple of years? Although it’s always tricky to forecast the prices of coins in a longer time, some experts are offering pretty interesting insight. However, don’t take them as financial advice since the crypto market is highly unpredictable. So here are some short time forecasts regarding Santa Coins’ value in a year 2022 ad 2023..

At the end of December 2022, it is expected to reach $0.000000002315899. The average price in January 2023 could be $0.00000000229087 and, at the end of 2023, could go up to $0.000000002985646. The minimum price in 2023 could be $0.000000001743216.

Santa coin’s reward system

By holding Santa coins, you can easily earn your passive income thanks to its rewarding system. While Santa coins are stored in your crypto wallet, the reward mechanism allows you to earn rewards in US dollars. The longer you hold the coin, the more rewards you will get.

This perk is also the way the Santa Coin team promotes this asset among crypto enthusiasts. Besides, on their website, you can find the play-to-earn game where players race with Santas. It was launched in April 2021. Players can purchase fuel and gears and race to get rewards.

Players can earn non-fungible tokens for their advancement in the game and racing skills. Gears in the game are owned and controlled by players. Also, players can trade the gears between themselves.

How to buy Santa Coins?

Available on many blockchains, decentralized (DEX), or centralized (CEX) exchange platforms, Memecoins are everywhere. You can therefore buy them on the best-known centralized platforms.

However, Sanat Coin is only available on the PancakeSwap marketplace.

The easiest way to find out where to buy a specific coin is to go to Coinmarketcap.com, search for the coin, and among all the info, you will find the marketplace where it’s listed.

So how to purchase your Santa coin on the PancakeSwap marketplace?

Here is a mini guide on purchasing the Santa on PancakeSwap:

You can purchase major coins on platforms like Coinbase or Binance. Then you can send these coins to your wallet, navigate through Dapp’s section and opt for PancakeSwap. If your wallet is not already connected, make sure to connect it.

Then scroll down to find the “from” button. Put the amount of BTC or BNB you want to exchange for Santas. From the “To” section, list all coins and select Santa. Go to the Swap section, click on it, and you will get your Santa coins in your wallet.

Santa is not yet listed on Binance. However, there is a way to buy Santa coins using a Binance account. Once you download the Binance wallet (you can do it via GooglePlay store and iOS app store, or you can use an extension from Google Chrome if you are doing this for your desktop), go to your Binance account and buy some BNB chain.

Send them from the Binance account to your digital wallet. Go to Dax platforms like PancakeSwap and make a transaction. Once you connect your Binance wallet to PancakeSwap, select the amount of Santa Coins you want to purchase, go to the swap section, click on it, and you will have your Santa Coins in your wallet.

Why is Santa Coins interesting?

The majority of crypto projects are difficult to explain and understand for beginners. But with Santa Coins, the fundamental aspect is much lighter, and a young investor can identify with a community.

It is, therefore, easier to get by than with crypto projects such as Cosmos (ATOM), Ethereum (ETH), or Solana (SOL), which are nevertheless very ambitious. This makes it possible to reach a wider audience, unlike classic cryptos.

Second, Santa Coins are also excellent cryptocurrencies for speculation, often taken from popular internet memes and other funny stories. They offer their users high volatility, which can allow them to make (and lose) money quickly.

Santa Coin knows how to market around them because they are very popular and very good at creating buzz.

Is Santa Coin a good investment?

So should you invest in SANTA coin or not?

Meme coins are small-cap cryptocurrencies. Indeed, they are often considered high-risk, high-reward investments. The chances of losing your investment are very high, and this can cause a real gain for investors in the opposite case. Generally, you can find yourself in one of the following cases:

  • You can fall victim to a pump-and-dump system.
  • The meme coin you have is actually not a shitcoin, and you, therefore, become an “early adopter.”

If, in the beginning, you have clear and well-defined objectives, you can benefit from trading Santa Coin. For this, be reassured to have defined clear objectives in order to benefit from the advantages of your investment in SANTA.

Altcoins vs. meme coins

Following the long duration of this bear market, altcoins are slowly trying to climb the slope in a still difficult context. However, compared to meme coins, their progress is insignificant.

For example, over the last seven days, ETH, which remains the strongest crypto after BTC, has taken only 3.47% of its value. Other altcoins such as XRP, BNB, or even SOL have managed to progress by around ten percent, but this remains low compared to the same coins.

This data ultimately indicates that investors are more interested in coin memes during a bear market than in other cryptos. This is even though altcoins generally have a much higher price.

Depending on the evolution of the market, this could have a positive impact on the same coins if the trend continues in a difficult context where investors are struggling to define the future of crypto-currencies and where many regulations are being put in place.



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