Deep Dive
1. Product Expansion & Partnerships (Bullish Impact)
Overview:
Coin98 added AI-powered swaps (Nov 2025), integrated 0xProtocol for cross-chain liquidity, and launched a Visa-compatible Fusion Card with DeCard for real-world crypto spending. These upgrades aim to simplify DeFi access for 556K+ wallet users.
What this means:
Enhanced utility could increase transaction fees paid in C98 and attract new users, supporting demand. The Fusion Card bridges Web3/Web2, potentially driving token use beyond speculative trading (Coin98).
2. Token Unlocks & Circulating Supply (Bearish Impact)
Overview:
C98’s circulating supply is 999M (99.9% of max 1B). While major unlocks (e.g., 5.56M tokens on 23 June 2025) now represent <1% of supply, team/advisory wallets (20%+ allocation) remain a latent overhang.
What this means:
Even small unlocks during weak markets could amplify selling pressure. With C98 down 89% from ATH, holders may exit at minor rallies until ecosystem traction offsets dilution (Tokenomist).
3. Altcoin Market Dynamics (Mixed Impact)
Overview:
Bitcoin’s 58.5% dominance (Dec 2025) and the “Fear” sentiment index (22/100) suggest muted risk appetite. However, C98 surged 36% during October’s “Uptober” rally, showing sensitivity to broad crypto momentum.
What this means:
C98 could rebound sharply if BTC stabilizes and altcoins rotate higher, but current macro headwinds (e.g., low crypto volume, -9.5% 30d market cap trend) favor patience over aggression (CMC).
Conclusion
C98’s price hinges on balancing product-led demand against tokenomics risks, with macro sentiment as a swing factor. While recent innovations position it for long-term relevance, near-term volatility likely persists. Will November’s AI swap feature adoption outpace sell pressure from residual unlocks?