API3 is the next generation technology created to access off-chain data. In the crypto industry, API3 is seen as the top 5 blockchain oracle projects.
What is API Project?
API3 is basically a marketplace with APIs aimed at supporting Web3 and dApps. This market runs on the Ethereum network and uses Blockchain technology.
The goal of API3 is to allow decentralized versions of APIs to be created, managed, and monetized. Blockchain technology is playing a bigger role in the economy than ever before, from decentralized finance (DeFi) to supply chain management.
One of the most intriguing features of API3 is how it aims to solve some of the problems that arise in the Blockchain space itself. APIs are extremely important on the Blockchain as they provide off-chain data.
What is API3 Coin?
API3 is an Ethereum token that powers the API3 project, which aims to connect traditional APIs to the blockchain ecosystem. API3 token is used to manage API3 DAO (decentralized autonomous organization) and vote on project upgrades. dAPIs are more secure and cost-effective than other solutions using the tool. With first-party oracles, they can be trusted to provide data accurately, as well as to protect API providers from exploitation by dubious third parties. The token at the center of this transaction is the API3 token. The token can be used in dApps to pay subscription fees and also gives users access to Airnodes, which are part of a decentralized network that provides the APIs developers need. Using the API3 token, people can participate in the management and value enhancement of their decentralized network.
How to Get API3 Coins?
To buy API3 coins, it is necessary to know the exchanges where they are listed. It is usually bought through cryptocurrency exchanges. These exchanges allow users to buy or sell cryptocurrencies with dollars, euros or other fiat currencies. For example, exchanges such as Binance, Coinbase, Bittrex can also be used in our country. In addition, if you want to buy your crypto money directly, you can buy it with a credit card through internet banking of banks in Turkey. However, you must first have knowledge of how to use, store and invest cryptocurrencies.
API3 Market Data
Crypto market data may include prices, volume, market cap and other information of cryptocurrencies. This data is usually collected from trading platforms or cryptocurrency data providers and helps users monitor price movements, trade and make investment decisions. Also, crypto market data can be used to observe general trends and trends in the market.
How Much is API3 Supply?
The supply of cryptocurrencies has been used since the emergence of cryptocurrencies. For example, when Bitcoin first appeared in 2009, its supply was set at 21 million, and this supply is produced by gradually dividing it by mining activities. Supply is a factor that affects the price of cryptocurrencies, and a lack of supply can cause prices to rise. The supply of other cryptocurrencies is regulated in various ways, for example in Ripple (XRP) the supply is limited and managed by Ripple Labs, while in other coins the supply is unlimited.
API3 coin, which has a total supply of 120 million, has a supply of 78 million in circulation.
How Many Highs Has API3 Coin Seen?
“All time high” (ATH), which means the highest price in the crypto ecosystem, represents the highest price of that coin since it first appeared. For example, Bitcoin’s ATH hit $20,000 in December of 2017. ATH shows how high the value of cryptocurrencies is and is sometimes an important reference point for investors. ATH is often associated with increasing popularity of cryptocurrencies, attracting investors, or other factors.
The API3 highest price, i.e. ATH, was recorded as 10.30 USD on April 7, 2021.
What Is The Lowest ATL Price Of API3 Coin?
The API3 Coin’s lowest price, namely its ATL, is the lowest price this coin has achieved since it first appeared. For example, Bitcoin’s ATL reached only a few cents in 2009. ATL shows how low the value of cryptocurrencies are and is sometimes an important reference point for investors. ATL is often associated with declining popularity of cryptocurrencies, loss of interest from investors, or other factors.
API3 minimum ATL price is $0.99 on January 1, 2023.
API3 Price
The prices of cryptocurrencies are usually determined based on the balance between supply and demand. The supply is the total amount of cryptocurrencies obtained since their emergence. Demand is the willingness of people to buy cryptocurrencies. If demand is greater than supply, the price rises, and if supply is greater than demand, the price falls. Other factors can also affect the price of cryptocurrencies, for example, changes in the sentiment of new investors or investors towards cryptocurrencies, regulations, news or economic conditions. Moreover, the price of cryptocurrencies also depends on the liquidity levels on the trading platforms. Therefore, prices may differ between different trading platforms.
API3 current price is as follows:
API3 (API3)
