Samayedcoin is a dog-themed meme coin. It was the first meme coin built on top of the Solana blockchain. Samayedcoin aims to promote and educate about the Solana blockchain.
The token was launched to capitalize on the evolution of online communities, the Solana blockchain, and the prowess of dog memes. Started as a meme token, SAMO has since evolved into an experimental Web 3.0 community token.
This article will serve as your go-to guide to understanding the Samoyedcoin token. I will discuss the economics of the token, its past market performance, and future price forecasts.
In the end sections, you can also find details of where and how you can buy the tokens, should you be interested.
Samoyedcoin (SAMO) Tokenomics
SAMO was launched in April 2021, with a maximum supply of 14 billion SAMO. It has gone through a series of burns until 2022, after which the supply fell to 4,746,913,623 tokens. It is also the total supply of the tokens. At 3,657,134,467 SAMO, 49.58% of the tokens are in circulation.
Samoyedcoin (SAMO) Past Performance
Samoyedcoin hit the exchanges in April 2021 at an opening price of $0.0095. The token charged up to an all-time high of 0.246. However, this was short-lived and the token’s price has come down considerably.
When I last checked, the Samoyedcoin token was trading at $0.008304, which is nearly 2% down from yesterday’s price. The token’s market capitalization is at $30.3 million and the 24-hour trading volume is at $15.2 million.
Samoyedcoin (SAMO) Price Prediction
Technical indicators suggest that the current market sentiment is neutral although the fear & greed index is at 72, signaling greed.
Samoyedcoin recorded 9 (30%) green days in the past month with a significantly high 27.43% price volatility. Our technical analysts think that now is a good time to buy the Samoyedcoin token.
2024: In 2024, the price of the Samoyedcoin token is projected to go up by 225.93% and hit $0.029044 by the fourth week of May.
2025: Moving on to 2025, the price of Samoyedcin is expected to fall between $0.008911 on the lower end and $0.041799 on the upper end. If we compare this to today’s price, Samoyedcoin could gain 404.76% if the token hits the upper price target.
2030: Fast forward to 2030, the Samovedcoin token is expected to be priced in the range of $0.022127 on the one end and $0.035877 on the other. Compared to today’s numbers, the Samoyedcoin token could gain a good 335.02% return on investment.
Where to Buy Samoyedcoin (SAMO)?
You can find good liquidity for SAMO tokens in the following exchanges.
How to Buy Samoyedcoin (SAMO)?
Because of the better market depth available, I will explain the steps to buy the Samoyedcoin token from OKX.
- Go straight to the OKX website and sign up for a new account by entering your basic details. Also, complete your KYC to start trading.
- Now, fund your OKX wallet with Tether (USDT) stablecoins. You can transfer either USDT from another wallet or buy them with a fiat currency on OKX itself.
- On the OKX website, navigate to the trading section, and on the search box, type SAMO/USDT and select it.
- Choose ‘limit order’ and enter the number of SAMO tokens you want to purchase.
- Hit ‘buy’ and hit ‘confirm’. You will get a confirmation once the transaction is finished.
- You can find your SAMO tokens credited to your OKX wallet.
Conclusion
Samayedcoin is one of the oldest meme tokens out there. Unlike other meme tokens, that are purely driven by crowd folly, Samayedcoin aims to bring attention to the Solana blockchain.
Although the token gained popularity in the early days, Samyedcoin has been underperforming in the market for a while now. Our analysts are still optimistic about the token’s performance in the foreseeable future.
With all the positive news being mentioned, we would like to add a pinch of caution to the discussion.
Though investing in crypto has historically turned out to be a highly lucrative process, owing to the volatile nature of markets, short-term investors may take a hit. To prevent permanent loss of capital, the reader is cautioned to refrain from leveraged and complex financial instruments.
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