Coin 98 (CNE) is rising 1.4% to $0.0470 this week, still trailing Bitcoin (BTC), which gained 5.0% to $116,200. The U.S. government shutdown has so far proved less disruptive than feared, while crypto assets may even benefit as a hedge against a potential U.S. sovereign rating downgrade. Seasonal strength also adds support, with “Uptober” historically providing an average 21% boost for BTC.
CNE appears poised for a breakout after trading in a narrow flat range for the past three months. A similar setup in September–October 2023 resolved with a 242% rally over the following four months. If history repeats, CNE could surge toward $0.1000.
