- C98 crypto token price surged as major cryptocurrencies tumbled on Wednesday, August 18.
- C98 is the native token of Coin98's DeFi ecosystem and it serves as a utility token.
- C98 token price has surged by 58 per cent since the past week.
In the aftermath of the crypto market crash on Wednesday, August 18, an altcoin appears to have emerged as a survivor.
We are talking about C98 cryptocurrency, the native token of Coin98 finance, which aims to provide all-in-one solutions for decentralized finance.
As major cryptocurrencies tumbled, C98’s token price increased by 15 per cent in the past 24 hours, while its trading volume was US$ 362,213,837.
At the time of writing this, C98 token was trading at US$ 1.79 per token, 162 per cent up in comparison to its all-time low of US$ 0.709314 per token (July 23, 2021).
Coin98 & C98 tokens (Copyright © 2021 Kalkine Media)
What are Coin98 & C98 tokens?
Coin98 finance is a decentralized exchange (DEX) and a decentralized finance (DeFi) service provider. It enables users to indulge in cross-chain token swaps and use the Coin98 Exchange as a multichain liquidity aggregator.
The exchange also supports digital assets issued by different blockchains such as the BSC, Ethereum and Solana.
Coin98's diverse ecosystem offers a range of DeFi products. The projects built on the Coin98 ecosystem are blockchain-based games, lending protocols, on-chain governance, and decentralized exchanges.
C98 is the native token of Coin98's ecosystem. It serves as a utility token and users of the DEX are required to use the C98 token for paying a small fee for the number of transactions they make.
The C98 token is relatively new in the cryptocurrency market and its opening price during the seed sale for just 25 US cents per token. After its launch on the Binance Launchpad in July this year, C98 token appears to be gaining momentum.
Copyright © 2021 Kalkine Media
C98 price movement & prediction
Since the past one week, the C98 token price has surged by 58 per cent. Its market capitalization is worth US$ 342,290,717, according to the data from CoinGecko.
At 10:30AM EST on Wednesday, the crypto asset was trading about nine per cent lower than its all-time high of US$ 2.04 per token (July 24, 2021).
As C98 token survived the latest crypto crash, some crypto enthusiasts seem to be interested in digital asset. Altcoins also gained momentum as Cardano (ADA) recently became the third largest cryptocurrency in the world.
Amid the increasing popularity for DeFi services, C98 token could breach its all-time high to reach a price of US$ 3.5 per token by the end of this year and that US$ 5 per token in 2022.