Just my thoughts about $SAGA that was launched on Binance on 9. April. Many people in this case are the bag holders and not those that said that they bought it for dirt cheap and manage to profit. (I have no idea how they got it for so cheap 🤔)

$SAGA currently has only 9% (90,000,000/1,000,000,000) of its maximum supply in circulation. (Go to the token and click on info.)

If demand increases and the circulating supply remains relatively low, price could increase due to scarcity. The opposite is also true. If the circulating supply increases rapidly, it might further drive the price down.

I believe the current bag holders were looking an opportunity for a huge profit when getting into it since it's nearing the halving of BTC and didnt manage to cut losses early when it dipped. That is understandable as greed is part of our nature.

There are 2 strategies to consider since looking at the balance dropping is depressing and stressful. I've been through that especially with GME (iykyk).

1. Continue holding onto SAGA.
Halving is around the corner. (which corner I'm not sure as well) It might be possible for it to recover along with BTC's price surge. As we know BTC is the main mover of the market. Gains and loss generally follow the trend of BTC.

While holding, research into other projects and learn from the mistakes made. Maybe invest in projects once you believe that it would generate profits for you. Maybe you would slowly believe that SAGA was actually the right project for you and slowly average down. This might help lower the overall cost per token.

2. Exiting/Selling.
To prevent further losses, you may have to consider selling the SAGA tokens that you have. Sometimes we do have to accept that mistakes were made and in this case it could be considered as paying tuition fees for learning the market. It is an unfortunate event but if it's what it takes to cut losses and improve mental health so be it.

Well, these are just my thoughts. Not financial advise. Do your own research and risk managements. Good luck and green candles.