Coin98 Surges +1850% Amid listing on Binance Launchpad – C98 Breakout Analysis

July 24, 2021, 3:00 PM AEST (updated July 26, 2021)

After the launch of Coin98 on Binance Launchpad, C98 took a strong Breakout with +1850% gains in a single day. Let’s take a quick look at C98, price analysis, and possible reasons for the recent breakout.

What is Coin98?

Coin98 is a decentralized finance (DeFi) solution that allows users access to cross-chain swaps, staking, and yield farming. The Coin98 exchange describes itself as a multi-chain liquidity aggregator that supports assets across a variety of blockchains, including but not limited to Ethereum, Binance Smart Chain, Solana, and Tron. Coin98 also has a wallet amongst its offerings, which supports over 20 networks on both its mobile and desktop platforms.

C98 Price Analysis

At the time of writing, C98 is ranked 2549th cryptocurrency globally and the current price is A$1.41. This is a +1268% increase since the launch of its ICO at Binance Launchpad on (23rd July 2021). Have a look at the chart below for price analysis.

Source: Binance Charts

After the launch of Coin98 on Binance Launchpad, It pumped up to A$1.75 having +1850% gains in just a few minutes and the initial opening price of C98 was A$0.0958 at Binance Exchange with many different trading pairs like C98/BTC, C98/USDT, and C98/BUSD.

Currently, C98 is trading at A$1.45 price levels after breaking out the squeeze resistance in its sideways trend & now heading towards its all-time high price.

What do the technical indicators say?

The Coin98 TradingView indicators (on the 1 day) mainly indicate C98 as a strong buy, except the Oscillators which indicate C98 as a neutral.

So Why did Coin98 Breakout?

After the C98 opening at Binance Launchpad, mostly ICO’s pumps after going live on exchange for trade and, General market sentiment seems to suggest cryptos are hopefully turning back bull run season after recent massive price corrections. and then the suggested start of the Altcoins season could have contributed to the recent breakout. It could also be contributed to some recent news of Binance Listing.

Where to Buy or Trade Coin98?

Coin98 has the highest liquidity on Binance Exchange so that would help for trading C98/BTC, C98/BUSD, or C98/USDT pairs. However, you can also buy C98 from different exchanges listed on Coinmarketcap.

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