Coin98 Dollar (CUSD) is a digital asset whose name suggests an intention to maintain a stable value, potentially pegged to the US Dollar. In the cryptocurrency landscape, assets with 'Dollar' in their name often function as stablecoins, aiming to mitigate the volatility typically associated with other cryptocurrencies. Stablecoins are designed to provide a reliable medium of exchange, a store of value, and a unit of account within the decentralized finance (DeFi) ecosystem.
For CUSD, its utility would likely revolve around facilitating transactions, acting as collateral in lending protocols, or providing a safe haven during periods of market downturn. Understanding its underlying mechanism—whether it's collateralized by fiat, crypto, or algorithmic—is crucial for assessing its stability and risk profile. Given the limited public information, investors should conduct thorough due diligence to ascertain its pegging mechanism, audit status, and the transparency of its reserves, if any.
Trading insights for Coin98 Dollar (CUSD) are heavily influenced by its reported market metrics. With a market capitalization of $5.244K and a 24-hour trading volume of just $10.96, CUSD exhibits characteristics typical of a very low-liquidity asset. This low volume suggests that there are very few buyers and sellers actively trading CUSD, which can lead to significant price volatility even with small trades.
For traders, low liquidity means that executing large orders can result in substantial price slippage, where the actual execution price deviates significantly from the expected price. Spreads between bid and ask prices are likely to be wide, making it challenging to enter or exit positions efficiently. Furthermore, such low trading activity can make an asset susceptible to price manipulation, as a relatively small amount of capital can disproportionately influence its market price.
Investors considering CUSD should exercise extreme caution. The primary concern is the ability to buy or sell the asset without impacting its price negatively. Before any investment, it is critical to verify the depth of the order book on available exchanges and understand the potential for illiquidity traps. The low volume also raises questions about the asset's overall market interest and adoption, which are key indicators for long-term viability.
Understanding an asset's liquidity structure provides insight into how easily it can be bought or sold without significantly affecting its price. It also reveals how the total supply is distributed among various holders and uses, which can impact market stability and potential for price manipulation. A healthy liquidity structure typically involves a diverse distribution across many participants and platforms, ensuring robust market depth.
For assets like CUSD, where specific distribution data is not readily available, general principles apply. A significant portion held by a few entities (e.g., founders, treasury, large investors) can pose centralization risks. Conversely, broad distribution across exchange order books, decentralized liquidity pools, and individual wallets generally indicates a more resilient market. Analyzing liquidity structure helps assess the asset's vulnerability to large sell-offs and its capacity to absorb trading activity.
Coin98 Dollar (CUSD) is a digital asset that, by its nomenclature, suggests a role as a stable value token within the cryptocurrency ecosystem. While specific details about its operational framework are not extensively provided, assets named 'Dollar' typically aim to maintain a consistent value, often pegged to the US Dollar. This pegging can be achieved through various mechanisms, including holding fiat currency reserves, over-collateralization with other cryptocurrencies, or algorithmic stability protocols.
The primary purpose of a stablecoin like CUSD is to offer a less volatile alternative to traditional cryptocurrencies, enabling users to transact, save, and participate in decentralized finance (DeFi) applications without exposure to drastic price swings. This makes stablecoins crucial for liquidity provision, lending and borrowing, and as a trading pair on exchanges. Investors should investigate the specific pegging mechanism, the transparency of any reserves, and the audit status of the smart contracts governing CUSD to fully understand its stability and security.
Given the broader Coin98 ecosystem, which includes a multi-chain wallet, a DeFi platform, and a native token (C98), CUSD might be designed to integrate seamlessly within these offerings, enhancing liquidity and utility across its various products. However, without explicit confirmation, this remains an inference based on the asset's name and association. Verifying its integration and use cases within the Coin98 ecosystem would be a key step for potential users and investors.
Coin98 Dollar (CUSD) is a digital asset likely designed to function as a stablecoin, aiming to maintain a consistent value, typically pegged to the US Dollar. Stablecoins are fundamental to the crypto economy, providing a stable medium for transactions, a reliable store of value, and a bridge between traditional finance and decentralized applications. CUSD's utility would likely involve facilitating low-volatility transactions and participating in DeFi protocols. Its stability mechanism and integration within the broader Coin98 ecosystem are key areas for further research.
Specific network addresses for Coin98 Dollar (CUSD) are Not publicly confirmed. Network addresses, often referred to as contract addresses for tokens, are unique identifiers on a blockchain (e.g., Ethereum, BNB Smart Chain, Solana) that represent the token's smart contract. These addresses are critical for verifying the legitimacy of a token, interacting with it programmatically, and ensuring that users are dealing with the correct asset.
For investors and users, knowing the correct contract address is paramount to avoid scams and ensure proper interaction with decentralized applications (dApps). Without a confirmed network address, it is impossible to verify the token's existence on a specific blockchain, track its on-chain activity, or interact with it via wallets and decentralized exchanges. Always verify contract addresses from official project sources before engaging with any token.
The market behavior of Coin98 Dollar (CUSD) is currently characterized by extremely low trading volume and a very small market capitalization. With a 24-hour volume of just $10.96 and a market cap of $5.244K, CUSD exhibits traits common to illiquid micro-cap assets. This implies that the asset's price can be highly volatile, with even small buy or sell orders potentially causing significant price swings. Traders may experience substantial slippage, where their orders are filled at prices considerably different from their initial expectations.
Such low liquidity also raises concerns about market manipulation. A small number of participants with relatively modest capital could potentially influence the price of CUSD, creating artificial demand or supply. This makes it a high-risk asset for both short-term traders and long-term investors, as exiting a position without impacting the price could be challenging. The lack of robust trading activity also suggests limited market interest and adoption, which can hinder its growth and utility.
For an asset named 'Dollar,' implying stability, this market behavior is particularly noteworthy. A stablecoin typically requires deep liquidity to maintain its peg effectively. The current metrics suggest that CUSD may struggle to maintain a stable value under any significant market pressure. Investors should approach CUSD with extreme caution, prioritizing verification of its stability mechanism, liquidity depth on exchanges, and the transparency of its operations.
The current price of Coin98 Dollar (CUSD) is $0.14.
The current market capitalization of Coin98 Dollar (CUSD) is $5.244K.
The all-time high price recorded for Coin98 Dollar (CUSD) is $1.57.
Over the last 24 hours, the trading volume for Coin98 Dollar (CUSD) was $10.96.
The current circulating supply of Coin98 Dollar (CUSD) is 38 thousand tokens.
Coin98 Dollar (CUSD) is a digital asset whose name suggests it functions as a stablecoin, aiming to maintain a stable value, likely pegged to the US Dollar. Stablecoins are designed to offer price stability within the volatile cryptocurrency market.
Tokenomics refers to the economic model governing a cryptocurrency, encompassing its supply, distribution, utility, and incentive structures. For Coin98 Dollar (CUSD), the reported circulating supply of 38 thousand tokens is extremely low. This limited supply, combined with its low market cap and trading volume, suggests a very nascent or niche asset. In general, a low circulating supply can lead to higher price volatility if demand fluctuates, though for a stablecoin, the goal is to maintain a peg regardless of supply changes.
Key aspects of CUSD's tokenomics that require further investigation include its total supply, maximum supply (if capped), and how new tokens are minted or burned to maintain its peg. For a stablecoin, the mechanism for maintaining its dollar peg is the most critical tokenomic feature. This could involve collateralization ratios, algorithmic stability mechanisms, or a combination of both. Transparency regarding reserve audits (if fiat-backed) or the smart contract code (if algorithmic) is essential for investor confidence.
The distribution of the 38 thousand CUSD tokens is also a vital consideration. If a significant portion is held by a few entities, it could pose centralization risks and potential for market manipulation. A healthy tokenomic model for a stablecoin prioritizes decentralization, transparency, and a robust mechanism to ensure its stability and liquidity across various market conditions.
When evaluating Coin98 Dollar (CUSD), it's useful to consider assets with similar market characteristics, particularly those with comparable market capitalizations. The provided information suggests that assets like Bitcoin Pay, New World Order, and USDtez are considered comparable in terms of market cap. This comparison is primarily quantitative, focusing on the total value of the circulating supply, rather than the functional purpose or underlying technology.
However, for an asset named 'Dollar,' a more relevant comparison might be with other stablecoins, regardless of their market cap. This would include established stablecoins like USDT, USDC, BUSD, or DAI, as well as smaller, emerging stablecoin projects. Comparing CUSD to these assets would involve evaluating their pegging mechanisms, reserve transparency, audit frequency, liquidity depth, and adoption across various DeFi platforms.
When comparing assets, investors should look beyond just market cap. Key factors include:
While market cap can group assets by size, a comprehensive comparison requires a deeper dive into their fundamental characteristics and market dynamics.
Investing in Coin98 Dollar (CUSD), particularly given its current market metrics, carries several significant risks:
Investors should conduct extensive research and consider their risk tolerance before engaging with CUSD.
The provided data for Coin98 Dollar (CUSD) includes its current price ($0.14), 24-hour change (0.68%), market capitalization ($5.244K), 24-hour trading volume ($10.96), all-time high ($1.57), and circulating supply (38 thousand). These specific numerical values offer a snapshot of the asset's current market status.
However, several critical pieces of information are missing. We lack confirmation regarding its market rank, the specific blockchain network it operates on, and its primary category (e.g., stablecoin, utility token). There is also no specific 'as of' date for the provided price and market data, nor are there any confirmed network addresses or detailed tokenomics beyond the circulating supply.
This absence of information significantly limits confidence in a comprehensive assessment. Without knowing its network, it's impossible to verify on-chain activity or smart contract details. The lack of a confirmed category means its intended function (e.g., as a stablecoin) is an inference rather than a confirmed fact. The very low market cap and volume, while provided, also suggest potential data collection challenges or extremely limited market activity.
To improve confidence, it would be crucial to verify the following: the official website of Coin98 Dollar for its whitepaper and documentation, its confirmed blockchain network and contract address, its explicit categorization and pegging mechanism (if a stablecoin), and more robust, real-time market data from multiple reputable exchanges to confirm liquidity and trading volume.
Use this simple tool to convert between CUSD and USD based on the current price.
Convert CUSD to USD:
If you have 100 CUSD, at $0.14 per CUSD, your value is: 100 CUSD * $0.14/CUSD = $14.00 USD
Convert USD to CUSD:
If you have $50 USD, at $0.14 per CUSD, you can buy: $50 USD / $0.14/CUSD = 357.14 CUSD
Note: This calculator uses the last known price and does not account for slippage or exchange fees.
Coin98 Dollar (CUSD) is a digital asset with a name suggesting it functions as a stablecoin, aiming to maintain a stable value, likely pegged to the US Dollar. Currently, CUSD exhibits extremely low market capitalization ($5.244K) and minimal 24-hour trading volume ($10.96). Its circulating supply is reported at 38 thousand tokens, with an all-time high of $1.57. These metrics indicate a highly illiquid asset, which can lead to significant price volatility and potential challenges for traders seeking to enter or exit positions. While stablecoins are crucial for DeFi, the current market behavior of CUSD necessitates thorough due diligence into its pegging mechanism, liquidity, and overall project transparency before any investment consideration.
Assets considered similar to Coin98 Dollar (CUSD) are primarily identified by their market capitalization. The provided information suggests that assets such as Bitcoin Pay, New World Order, and USDtez fall into a comparable market cap range. This type of comparison helps investors identify other projects of similar size, which may share similar risk profiles related to liquidity and market maturity.
However, for an asset like CUSD, which implies a stablecoin function, related assets could also include other stablecoins, regardless of their market cap. These might range from major fiat-backed stablecoins like Tether (USDT) and USD Coin (USDC) to algorithmic stablecoins or those backed by other cryptocurrencies. Comparing CUSD to these assets would involve evaluating their stability mechanisms, reserve transparency, audit status, and integration within the broader DeFi ecosystem.
When exploring related assets, it's important to consider both quantitative metrics (like market cap and volume) and qualitative factors (like project purpose, technology, and community support) to gain a comprehensive understanding of the competitive landscape and potential investment opportunities.