Nelly S.
Nelly S.
Nov 07, 2021

Is Coin98 (C98) A Good Investment In 2022?

tl;drCoin98 is an all-in-one DeFi Platform that proposes to become a Gateway bridging TradFi users to any DeFi services on multiple blockchains and meet untapped demand within the industry. It achieves this mission through a full suite of Coin98 Exchange products, including Coin98 Wallet and Space Gate (cross-chain bridge). Financially, although C98 perform very well over the last year in terms of ROI compared to the cryptocurrency market's average, It Also has seen big jumps recently in market cap and price. Also, PERP's popularity in social media has increased over the last five months.
Is Coin98 (C98) A Good Investment In 2022?
Is Coin98 (C98) A Good Investment In 2022?
How do you rate this post?
Good
Average

Introduction

Coin98 is an all-in-one DeFi Platform that proposes to become a Gateway bridging TradFi users to any DeFi services on multiple blockchains and meet untapped demand within the industry. It achieves this mission through a full suite of Coin98 Exchange products, including Coin98 Wallet and Space Gate (cross-chain bridge).

Coin98 Wallet: Allows users to store, receive, send, manage crypto assets and connect with numerous dApps on multiple blockchains. It supports over 20 blockchains like Binance Smart Chain, Ethereum, Polygon, Solana, Terra, Avalanche, etc., on both mobile (Android & iOS) and Chrome extension versions.

Coin98 Exchange: A multichain liquidity aggregator that permits users to swap, stake, lend, borrow, earn crypto with the most effective rates and low slippage.

Space Gate: A cross-chain bridge that permits transferring and swapping values across multiple networks. It supports token swaps between BEP20 tokens, ERC20 tokens, SPL tokens, and more. The Coin98 token is the native utility token of the Coin98 platform. It can be wont to pay services fees, as staking incentives, for governance, and individual membership rights.

What is Coin98 (C98) and how does it work?

Coin98 may be a decentralized protocol that gives access to DeFi products, where users can build multiple projects like lending protocol, blockchain-based gaming, on-chain governance, and decentralized exchange. C98, the official token of the platform that permits multi-chain activities, is seen collectively of the brilliant cryptocurrencies. One in all the prominent features of the platform is that it allows its users to supply detailed projects without deep chain knowledge. Additionally, the platform, which allows access to quite 20 networks with wallet and token, provides great convenience in cross-chain transitions like Avalanche, Solana, Ethereum, and BSC.

Coin98, which is employed because the main token of the platform, could be a product limited to 1 billion. As of August 22, 2021, the value of 1 C98 is around $2.74. Included within the platform’s utility is that the C98 token, created to facilitate cross-network transfer transactions within the multi-chain future, lending and lending on decentralized exchanges, and providing access to chain-based games. Other features it offers include:

  • Staking: C98 token holders gain the proper to earn income by locking their assets within the wallet.
  • Management: C98 asset owners can make changes to product and platform parameters by voting on platform improvements.
  • Ecosystem Development: The fee spent on transaction fees is allocated to the platform fund as C98 revenue. In this way, the platform acts as sort of a safe strongbox for future developments and potential growth.
  • Featured Membership Rights: Users get incremental benefits supported by the quantity of C98 they confine the wallet.
  • Withdrawing Credit: Users outside the industry gain the chance to withdraw credits by purchasing Coin98 tokens from users who give credit on the platform.
  • Cross-Chain Transition: Coin98 token and wallet holders can transfer assets by switching between different networks.

Building an open, decentralized network for financial purposes is rarely a simple task. The continued competition within the blockchain space also fractures the broader ecosystem, making it too complex for users to urge accustomed to different solutions and ideas. Consolidating all of these options under one banner could be a better goal, although it requires innovative technologies. By default, blockchains are ineffective in communicating with each other. The Coin98 ecosystem consists of various products, including Coin98 Ventures, Coin98 Labs, and Coin98 Network.

Financial Analysis

Coin98 price today is $3.90 with a 24-hour trading volume of $36,444,723. C98 price is up 0.3% in the last 24 hours. It has a circulating supply of 190 Million C98 coins and a total supply of 1 Billion. At the time of writing this post (November 7, 2021), C98's Return On Investment (ROI) over the past year was 492%, underperformed in 'Celo Ecosystem, Wallets, Decentralized Finance (DeFi), Solana Ecosystem, xDAI Ecosystem, Binance Smart Chain Ecosystem' categories which had 492% growth over the past year. Coin98 underperformed in the crypto market, which had 34826% growth over the past year.

Another critical factor in the success of any project is gaining public attention. Our data shows that C98's Twitter account saw a growth of 82% over the last months in the number of followers, which is considerable. However, the Telegram channel users had a 40% growth over the last months.

Over the last five months, C98's Market Capitalization rank followed an overall increasing trend, starting at 181-132 on Aug-Sep 2021, reaching 137 in Oct 2021. However, by writing this post, C98's market cap rank is about 154, and its value is $723,610,558 Million. Moreover, its liquidity score is 27% below the market's average score, making it relatively more challenging to sell in bear markets.

You are saying that Coin98 (C98) is the best cryptocurrency to invest in?

Nominating a cryptocurrency because the best to speculate in depends on various factors. The important point is that every single case is unique, and no one can claim one solution works for each problem. To know whether a cryptocurrency is that the one that works for you needs careful analysis. What we offer here may be a meticulous account of the changes that occurred during this specific currency. To invest wisely, you wish to weigh your financial status intimately and follow the market closely. To do so, Cryptologi.st is all you would like. Providing up thus far reports of the market, Cryptologist helps you discover secure investment options.

At Cryptologi.st, we provide all the data you need to help you make the best possible choice. On our website, you can find up-to-date, reliable reports about the cryptocurrency market, particularly NFT projects.

How do you rate this post?
Good
Average

Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation, or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation, and legal advice.

© 2022 - Created by Cryptologi.st