Today, C98 coin has been in the news among cryptocurrency enthusiasts. The currency has experienced a huge 20% increase, putting itself as one of the day’s top gainers. Many people are left wondering what’s driving this strong rise at the current price of $0.16.
According to recent reports, C98 coin has received funding from DWF Labs, a well-known company in the cryptocurrency industry. The positive momentum of the currency has surely been influenced by this event. That’s not all, though. Excellent traders and analysts have been attentively following the coin’s movement and have tweeted their observations.
Digital Nomad Woman, @taqwaayub, a well-known Twitter analyst, emphasized the potential of $C98, particularly following DWF Labs’ involvement.
Eyes on $C98, since DWF labs (same MM of $Dodo & $Ygg) has invested, if we break 1 day resistance we might go to the levels highlighted!
Keep an eye guys & RT for others 🙂#c98 pic.twitter.com/pvfQPkiDvp
— Digital Nomad Woman (@taqwaayub) August 8, 2023
Recognizing C98 coin
Crypto Feras, a technical analysis specialist, tweeted, “C98 is pumping, testing its HTFs SR here,” to provide his long-term perspective. If we flip this, we’ll end up with a bullish deviation/reclaim pattern, which might drive the price far higher. He said that he is a long-term investor in this excellent Binance IEO DeFi initiative to further express his confidence in the venture.
It’s important to keep in mind, though, that the currency has breached its support level in addition to seeing a rise. Because $C98 is now trading below the trendline, the stop has been applied to long positions. The $0.122–$0.126 region is thought to be the coin’s next support level, which may be challenged before any further movements.
The native utility cryptocurrency driving the C98 coinDeFi platform is C98 coin, abbreviated as C98 coin. This flexible token works with Ethereum, Binance Smart Chain (BSC), Solana, and Polygon, among other blockchains. The C98 coin, the lifeblood of the Coin98 ecosystem, are essential for many activities.
Holders of tokens can take part in network governance, make money through transaction fees, and interact with the C98 coin ecosystem as a whole. Additionally, holding C98 tokens gives users access to a tiered system that opens up premium events and unique privileges dependent on the quantity of C98 held.
The goal of the token’s design is to promote a closed-loop, self-sustaining economy. Network fees are either redirected as rewards to contributors who are active or earmarked for upcoming product improvements. C98 is a utility token that also acts as the platform’s governance currency, with 185 million coins now in circulation and a maximum set at 1 billion coins.
At its heart, C98 claims to be a comprehensive blockchain platform that combines DeFi services, making the decentralized finance space more accessible and streamlined for beginners.
What is Wallet Coin98?
The Coin98 Super App’s C98 coinWallet is a vital and noteworthy feature. It is a non-custodial wallet that may be used to transfer, receive, and store digital assets from many chains. The goal of C98 coinWallet is to develop into a Dapp that offers a variety of products and services to cryptocurrency consumers while also providing them with superior smart experiences.
Additionally, C98 coin wallet is striving to become the finest DeFi gateway by offering simple and faultless experiences to all consumers, regardless of expertise level!
Avax C-chain + X-chain, Cosmos (+Thor + Terra + Band + Kava + Secret Network), Polygon (Matic), Fantom, Persistence, KardiaChain, xDai Chain, Ronin, Layer 2 Network (Boba Network, Optimism, Arbitrum), KCC, and more are supported by C98 coin Wallet at the moment.
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Featured image credit: coin98
