• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home UK

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

CB4U by CB4U
January 22, 2022
in UK
0
Here is why API3 token is rallying as the majority of cryptocurrencies fall
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

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.

Advertisement Banner
Previous Post

How to use UniSwap: A step-by-step beginner’s guide

Next Post

Top 3 Reasons why Bitcoin Crashed Again in 2022

CB4U

CB4U

Next Post
Top 3 Reasons why Bitcoin Crashed Again in 2022

Top 3 Reasons why Bitcoin Crashed Again in 2022

Discussion about this post

RECOMMENDED

Coinbase creates self-service recovery of unsupported ERC-20 tokens sent to exchange

Coinbase creates self-service recovery of unsupported ERC-20 tokens sent to exchange

2 months ago
Hunt for the right NFT – Classifying NFTs’

Hunt for the right NFT – Classifying NFTs’

12 months ago

DON'T MISS

How to Play Axie Infinity?

How to Play Axie Infinity?

February 9, 2023
Cardano Launches EVM-Compatible Sidechain Public Testnet

Cardano Launches EVM-Compatible Sidechain Public Testnet

February 9, 2023
Argo Blockchain CEO, Interim Chairman Peter Wall steps down

Argo Blockchain CEO, Interim Chairman Peter Wall steps down

February 9, 2023
US Government Secretly Cracking Down On Crypto?

US Government Secretly Cracking Down On Crypto?

February 9, 2023
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

How to Play Axie Infinity?

How to Play Axie Infinity?

February 9, 2023
Cardano Launches EVM-Compatible Sidechain Public Testnet

Cardano Launches EVM-Compatible Sidechain Public Testnet

February 9, 2023
Argo Blockchain CEO, Interim Chairman Peter Wall steps down

Argo Blockchain CEO, Interim Chairman Peter Wall steps down

February 9, 2023

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
en English
en Englishja Japaneseko Koreantl Filipinovi Vietnamesehi Hindibn Bengalita Tamilzu Zulusw Swahilide Germanfr Frenches Spanishpt Portugueseru Russian