API3 token up 70% following Bitget listing
The API3 token is up 70% over the past week, as the project aims to solve smart contracts’ challenges by offering secure and reliable access to real-world data. The market cap of API3 now stands over $347 million, with its price hovering around $3.43, having increased by 70% in the past seven days, according to data available on CoinGecko. Since the past year, API3 has seen a 91% price surge as it continues to show strength. Technical Analysis shows resistance levels in the $3.40 to $3.60 range. A weekly close above this resistance zone could drive the price upwards. Nevertheless, the Relative Strength Index (RSI) value on the weekly timeframe is 86, indicating that the market is overbought. API3 as a blockchain oracle service API3 aims to facilitate creating and monetizing large-scale decentralized APIs (dAPIs). This, however, becomes all the more important with the spread of blockchain technology in industries like supply chain management and decentralized banking. Its ...