While many cryptocurrencies, especially Bitcoin, are falling, API3 has increased almost 100% this week. API3, an application programming interface altcoin for Web 3.0, has received a lot of attention from investors this week. It has made one of the fastest rises in recent times.
API3 is currently trading at $7.9. API3, which was around $4 last week, has gained nearly 100% this week. Although it tested around $10 yesterday and today, it encountered great resistance and was rejected. After this rise, it can make some more price adjustments. It has managed to attract more investors in the last 4 days. If investment in API3 continues to rise, it could fly higher.
There is currently support at $7.4 and there is a lot of buying demand below $7.4. Sales demands over $8 are quite high. If API3 can clear around $8, it could move towards $10. If it does not succeed and loses the support at $7.4, it may decline to $6.
On the API3, an application programming interface altcoin for Web 3.0, there have been some positive developments in a month and these developments seem to have received support from investors. API3, which is managed by a decentralized autonomous organization, recently announced the launch of its new Airnode. According to the statement, Airnode will allow a crypto monitoring tool to submit data about socially active crypto assets to the blockchain and improve real-time fund management.
Last month, API3 formed a partnership with Amberdata, a fintech company based on digital assets. According to the statement, API3 and Amberdata have worked together to create Amberdata Beacons, a protocol that provides cost-effective and transparent data feeds for smart contract developers. According to API3 co-founder Heikki Vänttinen, 'Beacons will serve as the foundation for the development of decentralized APIs'.
In addition, API3 started to be listed on Binance last month. API3 started trading at $4 when it was listed on Binance. It didn't receive much attention that it was listed on API3 Binance and failed to attract a lot of investors. That's why it fell a bit, but with the positive developments that followed, it managed to attract the attention of investors and now more investors seem to prefer API3.
Cryptocurrencies associated with #WEB3 with strong infrastructure can make similar flights or even better this year. As WEB 3.0 becomes more widespread, cryptocurrencies associated with WEB 3.0 will attract more investors. That's why I follow WEB 3.0 projects and platforms closely. I can say that my favorites in this regard are #HIVE and #LEO. I think they will be the king of WEB 3.0. That's why I'm saving up to invest in #HIVE and #LEO in March.
What do you think about WEB 3.0?
Thank you for reading.
@rtonline