C98 Crypto: Worthy Investment Or Risky Gamble?

C98 is the native token of Coin98, a decentralised finance (DeFi) platform that wants to be the go-to application for DeFi trading. Coin98 aims to bridge multiple products across various blockchains, and its native wallet, exchange and cross-chain bridge are essential to this mission. The C98 token has multiple uses, including paying transaction fees, staking for yield, and governance. While C98 has struggled in recent months, there are bullish predictions for its price, with some analysts forecasting that it could surpass $10 by 2030. However, it's important to remember that the cryptocurrency market is highly volatile, and past performance is no guarantee of future returns.

C98 token's multiple use cases

C98 tokens have multiple use cases within the Coin98 ecosystem. Firstly, they serve as a currency to pay transaction fees within the ecosystem. When users make transactions on the Coin98 Exchange, a small fee is collected in the form of C98 tokens. This incentivizes users to act as liquidity providers and stake their digital assets in decentralized market-making pools, earning passive income in the process.

Secondly, C98 tokens are used as rewards for active community members and liquidity providers. Token holders can stake their tokens to earn rewards and also have a say in governance by proposing and voting on updates and changes to the platform. C98 holders can participate in decentralized community governance, committing their tokens to vote on new features and changes to protocol parameters.

Thirdly, C98 tokens offer unique membership rights. Token holders are arranged into tiers based on the amount of C98 they hold, and each tier comes with exclusive privileges and access to premium events. Higher tiers offer benefits such as priority for Coin98 launchpad participation and marketing events with strategic partners.

Lastly, the C98 token will contribute to the development and growth of the ecosystem. Network fees collected in C98 will be redistributed as incentives for active contributors or allocated for future product development and ecosystem expansion.

C98's price predictions

C98 is the native cryptocurrency of Coin98, a protocol on the Binance Launchpad with a significant focus on decentralized finance. C98 holders can earn network transaction fees, stake the asset to earn rewards, and have a say in governance by submitting and voting on proposals and updates. The Coin98 platform also offers a multi-coin wallet, an exchange, and cross-chain bridges.

• AMB Crypto (2022): The token could surpass $1.35 in 2022, climb past $2 by 2026, and reach a maximum price target of $7.94 by 2030.
• TechNewsLeader (2022): The coin could achieve $0.90 in a year, $1.89 by 2025, and rocket past $10 to $11.67 by 2030.
• PricePrediction (2022): A maximum price target of $0.67 is expected for 2022, with the token averaging $5.54 in 2028 and $11.14 in 2030.
• CaptainAltcoin (2022): The token could slip to a fraction over $0.30 in October 2022, then climb back to $3.23 by 2030.
• TradingBeast (2024): Expected a downturn towards $0.07473 in 2024, with a further decline to $0.05219 by the end of 2027.
• WalletInvestor (2024): Predicted a continuous growth trajectory, with prices reaching ~$0.635 by the end of 2025 and $2.98557 by 2030.
• PricePrediction.net (2024): More optimistic, citing upwards of $0.2135 in December 2024, but then a continuous decline to $0.03559 in 2025 and $0.09015 in 2027.

It is important to note that cryptocurrency markets are extremely volatile, and analysts' predictions can be wrong. As such, it is recommended to do your own research and consider your risk tolerance, investment goals, and timeframe before investing.

C98's past performance

C98 is a fairly new cryptocurrency, having launched in July 2021. The token opened at $0.74 on 24 July 2021 and quickly surged, in part due to being listed on Binance. By the end of its first month, it had surpassed $1.

The Coin98 team was busy in August, listing more than 20 new tokens from multiple chains, and seeing its own token listed on other exchanges, such as Biswap and TokoCrypto. This activity saw C98 rocket to its all-time high of $6.42 on 25 August.

The next surge came after a Halloween airdrop promotion, which saw C98 climb to a high of $4.36 on 3 November. A slight rally in December, fuelled by a Binance trading event, could only muster a peak of $2.98 on 28 December.

The first half of 2022 proved difficult for C98, with the DeFi markets affected by the fall of Terra in May and Celsius in June. The token slumped to an all-time low of $0.35 on 12 May. As of 8 August 2022, C98 was trading at approximately $0.5979.

C98's unique benefits

C98 is the native cryptocurrency of the Coin98 platform, which is a comprehensive cryptocurrency and DeFi platform. It offers a wide range of services, including portfolio management, trading, and access to decentralised finance protocols.

Access to DeFi Services:

Coin98 is a decentralised protocol that gives users access to various DeFi products and services, such as lending, blockchain-based gaming, on-chain governance, and decentralised exchanges. It aims to be a one-stop-shop for all the DeFi services a user may need, making it easier to invest across different blockchains and digital assets.

Multi-Chain Compatibility:

C98 is supported by three blockchains: Ethereum, Binance Smart Chain, and Solana. This multi-chain compatibility allows users to interact with various wallets and blockchains simultaneously, with the simple use of a single passphrase. This cross-chain functionality is a key benefit, as it enables quick and easy transfers of data and money between different ecosystems.

Staking and Yield Farming:

C98 allows users to engage in cross-chain staking and yield farming, which are popular functionalities in the DeFi sector. By locking up C98 tokens, users can secure passive income and earn rewards.

Governance and Voting Rights:

C98 holders have a say in the governance of the Coin98 platform. They can submit and vote on proposals and updates, as well as influence the direction of the Coin98 ecosystem. This level of influence and control is a unique benefit for token holders.

Additional Benefits and Incentives:

As users buy and hold more C98 tokens, they unlock additional benefits, such as airdrops, early access to new project launches, exclusive membership discounts, and more. These incentives encourage long-term holding and engagement with the Coin98 platform.

While C98 offers these unique benefits, it's important to remember that cryptocurrency investments carry risks, and it's always recommended to do your own research before investing.

C98's competitors

C98 is a cryptocurrency token that powers Coin98, a protocol on the Binance Launchpad with a significant focus on decentralised finance (DeFi). Coin98 is aiming to be a one-stop shop for all DeFi services a user may need.

Coin98 is not unique in its focus on interoperability between blockchains. However, it stands out from its competitors by working with 20 networks to ensure the best cross-chain experience possible.

Some of the networks Coin98 works with to achieve its cross-chain capabilities include Polygon, PancakeSwap, and Avalanche.

• Polygon (MATIC)
• Ethereum (ETH)
• BNB Chain
• Solana (SOL)
• Avalanche (AVAX)

Frequently asked questions