Partnerships, cross-chain integrations and a large list of exchanges drove a 50% increase for API3 (API3) price. Analyst Jordan Finneseth evaluates the impact of these three factors on the 3.0 coin price. As Kriptokoin.com, we are reporting the details…
Web 3.0 coin has reached $5 again with giant news
Data from TradingView shows that API3 (API3) price dropped to $3.22 on February 3rd. It shows a 72% increase since February 17 to $5.55.
Three reasons for price increase Amberdata partnership, launch of Airnode on Avalanche network and a new exchange listing on Binance…
Amberdata and data feeds launch
The recent bullish momentum for API3 started when it revealed a new partnership with Amberdata to publish the data source. Oracle vendors have often handled data transfers in a third-party fashion, but API3’s approach to using decentralized APIs and on-chain data logging offers an alternative design that has caught the attention of developers and Blockchain protocols.
Airnode integration and API3 Alliance partnerships
API3 A second development that created bullish status for the Avalanche network was the launch of Airnode. Additionally, over the past few months, more than 150 data providers have joined the API3 Alliance to continue a new partnership with NEAR protocol and Aurora, which will provide access to more than 180 API providers.
Airnode is a tool for making real-world data accessible via smart contracts. is a Web3 middleware designed to connect web API directly to Blockchain applications; this is a process that eliminates intermediary service providers and helps transform data providers into their own Blockchain oracles.
Web 3.0 coin listing on Binance
A third factor that gave API3 an additional boost last month was a new listing on Binance, the largest cryptocurrency exchange by volume.
Evidence of the importance of this listing, from the pre-listing average of $17 million It can be found by looking at the 24-hour trading volume for API3, which rose 752 to $145 million on January 21. API3 is currently available on four of the top six crypto exchanges by volume, including Binance, Coinbase, KuCoin, and Huobi Global.
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