🚀 Why $C98 is Pumping: The Breakdown
As of February 3, 2026, Coin98 ($C98) has emerged as a top performer, defying broader market trends with a massive vertical move (up over 40% in recent sessions). Here is why the "Gem of the East" is waking up:
1. The "Vietnam Powerhouse" Catalyst (G98 & Tether)
The primary fundamental driver is the G98 Joint Venture. Coin98 recently signed a major Memorandum of Understanding (MOU) with Tether to build blockchain infrastructure in Vietnam.
Why it matters: Vietnam has one of the highest crypto adoption rates globally. By positioning itself as the "regulatory-aligned" gateway for digital assets in the country, Coin98 is transitioning from a simple wallet to a national-level infrastructure provider.
2. Real-World Utility: The Fusion Card
Coin98 has successfully rolled out the Fusion Card (powered by Visa). This allows users to spend their crypto at millions of merchants worldwide.
The Pump Logic: Investors are moving away from "speculative-only" tokens and toward projects with Real World Assets (RWA) and payment utility. The ability to bridge DeFi directly to a Visa card is a massive "sticky" factor for user retention.
3. AI-Driven Ecosystem Upgrades
Coin98 has integrated a Multi-Agent AI System into its Super Wallet.
Security & Automation: This system uses AI to detect on-chain anomalies and automate complex tasks (like cross-chain swaps and staking). In a market obsessed with "AI + Crypto" narratives, this upgrade has re-rated $C98 as a high-tech contender.
4. Technical Setup: The "Spring" Effect
After a long period of consolidation near historical lows ($0.019 - $0.021), C98 formed a massive bullish divergence on the daily charts.
Short Squeeze: With the token being "oversold" for months, the sudden influx of volume triggered a short squeeze, pushing the price rapidly through key resistance levels at $0.024 and $0.030.
📊 Key Levels to Watch
Level Type Significance
$0.0317 Major Resistance Recent peak; price saw a sharp rejection here. Needs to flip this to $0.035+.
$0.0280 Immediate Support A crucial "hold" zone for bulls to maintain the upward structure.
$0.0243 Critical Floor The 23.6% Fibonacci level. As long as we stay above this, the trend is bullish.
💡 Conclusion & Sentiment
The pump isn't just a "random spike"—it’s the market pricing in Coin98's evolution into a full-stack financial platform. While some profit-taking is expected (distribution phase), the long-term roadmap involving Tether and AI infrastructure makes $C98 a project to keep on your "High Conviction" watchlist.
⚠️ Risk Note: Watch for the $244k token unlock scheduled later this year; however, current demand from the G98 venture seems to be absorbing existing liquidity well.
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