Hello everyone, I am Ahan from the Xiangxiang community. Today I would like to share with you the project C98 that Akan has been focusing on recently.
C98 is a decentralized aggregation platform and has also launched a compelling project - a non-custodial wallet. Non-custodial wallets have become commonly used tools in our daily lives, such as TP, Little Fox, etc. These wallets provide us with convenient and fast digital asset management services.
Although C98's project didn't have a great idea at the beginning, the incubation team and investors behind it attracted a lot of attention. Many people are speculating whether this wallet will become an important project for Binance in the future. However, as time went by, Binance launched its own Web3 wallet, which made C98’s position somewhat embarrassing.
However, C98 did not lose its market because of this. Instead, they managed to carve out a niche in the market with the help of an Asian fund. Recently, C98 even announced that it will establish a US$25 million fund to provide support for Web3 in Asia. This news undoubtedly makes the market full of expectations for the future of C98.
However, market enthusiasm is always temporary. After the market enthusiasm returned, the news that C98 proposed to establish this fund failed to bring substantial benefits.
At present, the project is about to achieve a breakthrough and deserves attention. In the short term, if the market is stable, the project side may be brewing good news, but if there is no substantial good news, there is a risk of a correction. From a technical perspective, there is a pressure level of 0.26-0.3 above the price of C98.
For old investors who hold positions, they need to pay attention to the support level. If two consecutive positions are breached, you should consider reducing your holdings or exiting the market. For investors who have not yet established a position, it is recommended to wait and see. After all, although the market is not large, there are still many potentially valuable tokens. Although C98’s non-custodial wallet is not very popular at the moment, if there is a better development narrative project in the future, its prospects may become broader.
OK. That’s it for today’s sharing. I hope it will be helpful to everyone’s investment. See you next time.
