Today, for your attention, the С98 cryptocurrency came into our field of vision. Over the last month, this young cryptocurrency has shown +8400% growth since the launch of trading on Binance.
Coin98 is a multi-chain and multi-currency Defi platform that supports exchanges of assets from different blockchains. This multifunctionality is singled out as the main reason for such a rapid C98 price growth. However, it is also worth mentioning that Coin98 was a Binance Launchpad project, and one of the founders is investor Thanh Le, who invested in Band, Alpha, etc. in the early stages. We know how the value of those coins grew during the first Defi boom (well, or you can look in our ideas). Therefore, he has an intuition for making money, we can only follow him and learn)
Forecast for C98 cryptocurrency on the 12-hour timeframe
The price zone where we would consider the possibility of buying the C98 cryptocurrency is in the range of $3.00-3.20. And, of course, that this is provided that there is a positive trading background in the cryptocurrency market.
In this case, our main scenario will begin its implementation and we will wait for the growth of the C98 cryptocurrency to the $13.20-14.00 range.
If a negative trading background forms in the cryptocurrency market, and all trading pairs go downward in a correctional peak, then we will take another look at the C98 in the $1.00-1.50 range. It was in this range that at least some kind of consolidation liquidity was displayed for less than a month.
С98 cryptocurrency is a high-risk trading instrument
In general, for us, the trading history of the C98 cryptocurrency is too small to make trading decisions for most of the deposit. It is better to start investing in such cryptocurrencies gradually. Sharing 5% of your deposit for investment in the C98 cryptocurrency after a while, you can increase your position if the trend in the price movement is optimistic. You need to understand that with the current assortment of cryptocurrencies, looking at only one is dangerous. If you want to successfully trade on the cryptocurrency market but there is no time for analysis and training, we will help you manage your deposit! All information on the link.
