Coin98

$C98

C98 has recently retested its key support level. This could be a great chance to accumulate this promising cryptocurrency.
Here's why:
* Strong Support Level: The highlighted support zone has proven to be a resilient level, holding the price multiple times.
* Potential for Reversal: If C98 manages to break above the downward trendline, it could signal a bullish reversal.
How to Approach This Opportunity:
* Gradual Buying: Consider buying C98 in smaller increments to manage risk.
* Set Realistic Targets: Aim for a minimum of 20% profit.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
Let's discuss your thoughts on C98 in the comments below!
#C98 #Coin98 #Crypto #Trading #Investment

Unlock represents the process of releasing tokens that were previously locked according to the conditions of investment rounds or other funding programs.
Typically, the project team carefully studies the tokenomics to avoid creating excessive selling pressure at different #unlock stages and thereby maintain the token's value. However, certain factors such as limited liquidity or early investors immediately selling their profits after token unlock can have a significant impact on the asset's prices.
4 Unlocks to Watch This Week
Avalanche (AVAX)
Unlock Date: September 21Number of Unlocked Tokens: 9,540,000 AVAXCurrent Circulating Supply: 353,940,000 AVAX
Avalanche is an open-source platform that enables the launch of decentralized applications and the deployment of public and private blockchains within one scalable ecosystem. The #avax token is used for fee payments and settlement on various Avalanche subnets. Additionally, AVAX can be staked for a yearly reward rate of 11%. This week, over 9 million AVAX tokens will be unlocked and distributed among strategic partners, the Avalanche fund, the project team, and airdrop participants.
Space ID (ID)
Unlock Date: September 22Number of Unlocked Tokens: 18,490,000 IDCurrent Circulating Supply: 286,000,000 ID
Space #id is an innovative platform that provides a universal decentralized identification protocol. This protocol connects people, assets, and dApps across different blockchains, allowing users to have a single domain name to represent their identity in various applications and networks. On September 22, the project plans to unlock over 15 million tokens, which will be distributed between the Space ID fund and airdrop participants.
Covalent (CQT)
Unlock Date: September 22Number of Unlocked Tokens: 21,780,000 CQTCurrent Circulating Supply: 607,920,000 CQT
#cqt is the native currency used in the Covalent Network. The project gathers information from various sources, including nodes and blockchains, and provides users with personalized data about their wallets, including the current and past performance of investments in different types of digital assets. When 25% of the total available tokens are unfrozen on September 22, these tokens will be utilized to reward validators and develop the ecosystem. The remaining tokens will be sent to the project's reserve.
Coin98 (C98)
Unlock Date: September 23Number of Unlocked Tokens: 18,880,000 C98Current Circulating Supply: 572,780,000 C98
Coin98 is a universal DeFi platform aiming to bridge traditional finance and decentralized services across different blockchains. To achieve this goal, Coin98 offers various tools such as Coin98 Wallet, #coin98 Exchange, and the Space Gate cross-chain bridge. The platform's utility token, C98, is used for fee payments, governance, and providing special privileges to holders. After the unlock on September 23, the tokens will be distributed among the Coin98 community, team, advisors, and the project's reserve fund.
It is important to remember that unlocking tokens increases the available supply. However, the demand for these tokens does not always increase accordingly. As a result, this can negatively affect the token's price in general cases.

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🤔Some of you just asked about $C98 , I know that posting about this project will get you more bricks than thanks 😅. But that's okay, my point of view is that praise or criticism is fine, because it's the different views of retailers that create the excitement of the market!
👉For me, C98 is a pretty good case to observe the crowd psychology and how MM drives the price to create liquidity zones. In addition, because this is a Vietnamese project, I can clearly understand what the dev team says, what the founder says, how the project is progressing, along with what the crowd out there is discussing about C98.