Here is why API3 token is rallying as the majority of cryptocurrencies fall

Here is why API3 token is rallying as the majority of cryptocurrencies fall
фото показано с : coinjournal.net

2022-1-22 10:47

The API3 price has surged by more than 42% as the majority of cryptocurrencies including Bitcoin and Ethereum nosedive. At the time of writing, the API3 token was trading at $6.87.

API3 rally comes amid the larger crypto market bloodbath that has seen the likes of Bitcoin, the largest cryptocurrency by market cap, drop to $35K and Ethereum, the second-largest cryptocurrency drop to $25K.

API3 is currently only about $2 shy of its all-time high of $10.31 that it hit in April 2021. And going by the current trend where it has gained more than $2 in less than 24 hours, it could be headed for a new all-time high before the current hype ends.

But why is API3 price rally, especially at such a time when a majority of coins are dropping? Here is a comprehensive reason for the price rally.

What is API3?

API3 is the native token of the API3 blockchain network.

The API3 blockchain network is dedicated to allowing decentralized versions of APIs to be built, managed, and monetized.

The team behind the API3 project believes smart contracts can be used to provide “timely, reliable real-world data” as is the case with the traditional APIs.

Why API3 price is rallying

The current API3 rally is highly attributed to the recent announcement by Binance that it shall list it and the subsequent listing on the crypto exchange earlier today.

In an announcement posted on the Binance website on January 2021 at around 9:38 AM, the crypto exchange had promised to list API3 token on January 22, which is today.

Binance had also tweeted about the same on its Twitter handle setting the API3 community aflame.

#Binance will list @API3DAO #API3 https://t.co/M25whlBkNQ

— Binance (@binance) January 21, 2022

As a matter of fact, the API3 price had started rallying on January 20, in anticipation of the listing and once it was made public by Binance, the price shot to the moon.

Today, the price continued with the Bull Run propelled by Binance actualizing what it had announced yesterday.

Recent #Binance listing: #API3@API3DAO is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen.

Learn more 👇https://t.co/0DbTVpBQYQ

— Binance (@binance) January 22, 2022

Prior to the listing news, API3 was in a pullback that had started in mid-November 2021, and attempts to correct it in December had failed.

Investors are now expecting API3 to continue with the rally to above $10, especially since it has shown resilience by surging up at a time when the general market is down.

The post Here is why API3 token is rallying as the majority of cryptocurrencies fall appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Waves Community Token (WCT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 1.05 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.1615 (-100%)

majority cryptocurrencies api3 fall rallying token coin

majority cryptocurrencies → Результатов: 126


Фото:

Where to buy OKB token as its price steadily rises following OKEx exchange growing popularity

OKB has been silently marching upwards since mid-March 2021; something that has caught the attention of most crypto investors because most cryptocurrencies have been on a roller coaster. It is almost a mystery how the OKB token has maintained a bullish trend even as the majority of coins including Bitcoin have been struggling to remain […] The post Where to buy OKB token as its price steadily rises following OKEx exchange growing popularity appeared first on Invezz.

2021-12-21 13:45


Фото:

Gala coin maintains bullish trend as most cryptocurrencies nosedived after new COVID-19 variant: here is where to buy it

The Gala coin is one of the few coins that have weathered the current storm within the crypto market. Gala coin has moved up by double-digits as the majority of the cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) nosedived towards of last week after the recent COVID-19 variant discovery on black Friday.

2021-11-29 12:38


Фото:

DeFi and Gold – Why the Biggest DeFi Projects Are Looking to Integrate Gold

Up until relatively recently, the vast majority of price-stable cryptocurrencies were pegged to the US dollar (USD) and were hence designed to maintain their value at close to 1 USD at all times.   But in recent times, a new wave of asset-backed cryptocurrencies has emerged, pegged to a wider range of traditional assets, including otherRead MoreRead More.

2020-11-25 18:46


Фото:

Data Shows Most XRP Investors Are ‘Deeply In The Red’ – Why The Worst May Be Yet To Come

The world’s fourth-most valuable cryptocurrency, XRP, has been stuck in the doldrums for the past two years. While a majority of the other major cryptocurrencies have been able to recoup a majority of their losses, the Ripple-promoted token is still down more than 94 percent from its all-time high of $3.40. As a result of […]

2020-6-19 01:15


Фото:

60% of Coinbase’s Customers Buy Bitcoin First Before Moving into Altcoins

Investors who purchase their first digital asset on Coinbase buy Bitcoin, but a majority then move on to purchase other cryptocurrencies, a report by the US-based crypto exchange shows Bitcoin provides a gateway to the altcoin market for a majority of investors who buy Bitcoin as their first digital asset, Coinbase has revealed in a […] The post 60% of Coinbase’s Customers Buy Bitcoin First Before Moving into Altcoins appeared first on Coinjournal.

2020-5-15 12:47


Фото:

Binance Coin Diverges From the Pack as Bitcoin Breaks Below $10,000

Bitcoin’s stay above $10,000 only lasted about a day as the major cryptocurrency sunk just below that key mark on Monday. This prompted the majority of the market to follow suit as most other cryptocurrencies have a strong correlation to Bitcoin’s movements, except Binance Coin (BNB) In fact, while Bitcoin may be having an impressive […] The post Binance Coin Diverges From the Pack as Bitcoin Breaks Below $10,000 appeared first on BeInCrypto.

2020-2-11 16:34


Фото:

As Bitcoin traders bet on a big rebound, did Ethereum and XRP avoid a big drop?

As theories on the potential sell-off of Bitcoin by miners emerged amidst declining sentiment around cryptocurrencies, major altcoins like Ethereum and XRP were at risk of a deep pullback. With the majority of altcoins still being correlated with Bitcoin to a large extent and analysts expecting the price of BTC to decline in the short […] The post As Bitcoin traders bet on a big rebound, did Ethereum and XRP avoid a big drop? appeared first on CryptoSlate.

2019-11-20 07:38


Фото:

As Bitcoin dominance doubles, analyst says altcoin charts are like “radioactive decay”

The majority of alternative cryptocurrencies, or altcoins, have fallen by more than 90 percent from their record highs, leading Bitcoin to reclaim its dominance over the crypto market. Willy Woo, a partner at Adaptive Capital, said that price charts of altcoins are like “radioactive decay,” most demonstrating a steep decline in value over an extended […] The post As Bitcoin dominance doubles, analyst says altcoin charts are like “radioactive decay” appeared first on CryptoSlate.

2019-11-7 13:19