Coin98, or C98, is a utility and governance token powering Coin98 — an infrastructure solution for various DeFi products with a focus on chain interoperability and user experience. Coin98 was founded in 2020 by Coin98 Labs and went through an IEO on Binance Launchpad in July 2021.
Coin98’s creators see its primary mission as becoming a one-stop-shop for all the DeFi services a user may need. The first of those services to be released is the Coin98 Wallet, a non-custodial crypto wallet with multichain support. At the moment, there are multiple DeFi products in development, for example:
- An exchange service;
- A multichain borrowing and lending aggregator;
- Staking-as-a-Service protocol;
- A yield farming solution.
Coin98 supports more than 20 blockchains, which is more than other similar multichain solutions. This helps uniquely position Coin98 at the center of the DeFi world.
C98 token is a cornerstone of the Coin98 ecosystem. This token exists on three blockchains: Ethereum, Binance Smart Chain, and Solana, and has multiple functions. First of all, C98 serves as a currency to pay transaction fees within the ecosystem. Secondly, this token is used as a reward, both for the active community members and for liquidity providers. Also, C98 holders can vote on proposals, as well as enjoy different tiers of membership bonuses depending on the number of tokens held.
C98 token went through its launch in late July 2021, but by the fall’s beginning, its price has already been through a rollercoaster. Coin98 has started trading at ~$0.075, but by the second day after the start of the sale, it has already reached ~$3. Just a few days later the coin has almost touched $1, although in the end the price held above this mark.
Since mid-August, C98’s price has been mostly trending up, hitting a high of $6.42 on August 25. In the last days of the month, though, it seems to have entered a correction, with its price going down to ~$5.
Despite the fact that 100% accurate technical analysis for Coin98 cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated C98 buy-and-sell rating for selected timeframe. The summary for C98/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Below we have collected the most reliable price projections for Coin98 (C98) from popular forecast platforms.
According to WalletInvestor, Coin98 price will grow from $3.676 to $42.065 in one year. That makes C98 an awesome investment. The long-term earning potential is 1044.31%. Predicted price for the end of 2026 is $190.757.
Answering the question about if Coin98 is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $4.33912 with a growth to $5.57574 by the end of 2022.
In DigitalCoin analysis, the price of Coin98 cryptocurrency will rise in the next 5 years starting from $3.80077 as of today’s price to $14.1252902. It will go up to $6.1454295 by 2022 and continue its growth in 2023–2024. Based on this forecast, Coin98 is a profitable long-term investment.
As it can be clear from the analysis cited above, Coin98 (C98) projections are rather contradictory. There is no universal consensus either about positive or negative future C98 price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Coin98 projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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