{"id":49319,"date":"2025-03-18T13:03:17","date_gmt":"2025-03-18T13:03:17","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/why-is-the-api3-crypto-pumping\/"},"modified":"2025-03-18T13:03:17","modified_gmt":"2025-03-18T13:03:17","slug":"why-is-the-api3-crypto-pumping","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/why-is-the-api3-crypto-pumping\/","title":{"rendered":"Why is the API3 crypto pumping?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/siacoin-sc-price-bullish-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/siacoin-sc-price-bullish-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/siacoin-sc-price-bullish-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/siacoin-sc-price-bullish-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>API3\u2019s price has surged 56.5% in 24 hours, defying a sluggish market.<\/li>\n<li>API3\u2019s unique Oracle solution which cuts middleware offers sustainability.<\/li>\n<li>Moonwell switched from Chainlink to API3, showing growing adoption.<\/li>\n<\/ul>\n<p>API3\u2019s price surge has caught the attention of traders and analysts alike. At press time, the API3 decentralized Oracle platform token had skyrocketed, climbing 56.5% in just 24 hours to trade at $0.9587.<\/p>\n<p>With a market cap of $114.25 million and an astonishing $340.28 million in trading volume, API3 is defying a sluggish broader crypto market where giants like <a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin (BTC)<\/a> and <a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum (ETH)<\/a> remain below $85,000 and $2,000, respectively.<\/p>\n<p>This remarkable API3 price pump, following a 36% rise reported on March 17, begs the question: what\u2019s driving API3\u2019s meteoric ascent?<\/p>\n<h2>API3\u2019s unique Oracle solution gains traction<\/h2>\n<p>At its core, API3 addresses a critical pain point in blockchain technology: connecting smart contracts to reliable real-world data.<\/p>\n<p>Launched with a whitepaper in September 2020 and a token sale in December that raised tens of millions, API3 allows API providers to operate their own nodes, cutting out costly and centralized middleware like traditional oracles. This innovation dubbed the \u201cBlockchain Oracle Problem\u201d solution, is amplified by its OEV Network, which introduces maximal extractable value (MEV) protection.<\/p>\n<p>By auctioning Oracle updates and redistributing 80% of proceeds as rewards to dApps, API3 creates a sustainable revenue model that\u2019s turning heads. Posts on X highlight this feature, with users noting February OEV revenue of $44,000 and a runway exceeding 10 years, signalling a robust business model that\u2019s close to profitability.<\/p>\n<p>Adoption is another key driver. The <a href=\"https:\/\/snapshot.moonwell.fi\/#\/proposal\/0x8a96d58b4c1507fc145e52ba2653bc798132af19bc89f3595f26486dab416ce2\">recent switch by Moonwell from Chainlink to API3<\/a> for cost-effective, tamper-proof data feeds underscores its growing credibility.<\/p>\n<p>Unlike Chainlink, API3\u2019s decentralized API framework and MEV protection offer a compelling alternative, especially as blockchain applications in DeFi and supply chain management expand. With 23,630 holders and a circulating supply of 118.31 million out of 147.65 million tokens, the project\u2019s fundamentals are aligning with market enthusiasm, fueling its upward trajectory.<\/p>\n<h2>AIP3 price prediction<\/h2>\n<p>AIP3 numbers tell a dramatic story. API3 hit an all-time low of $0.4981 on March 11, 2025, only to rebound 96.1% within a week.<\/p>\n<p>Notably, its 24-hour range of $0.6007 to $1.03, coupled with a 78.8% seven-day gain, showcases intense speculative fervour.<\/p>\n<p>Analysts see API3 as a 2025 contender, potentially rivalling Chainlink. Its 90.5% drop from an all-time high of $10.30 in April 2021 leaves room for growth, while a 4.9% hourly gain and 8.5% monthly rise signal sustained interest.<\/p>\n<p>However, on the daily chart, the Relative Strength Index (RSI) indicator is rising steadily currently sitting at 66.38 just around 3 points below the overbought region. This means the token could be headed for a pullback.<\/p>\n<p>Though risks like overbought conditions loom, API3\u2019s innovative tech, adoption momentum, and market buzz, echoed by market sentiment, explain why it\u2019s pumping now. As blockchain reliance grows, API3\u2019s practical solution could keep it in the spotlight.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/why-is-the-api3-crypto-pumping\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) API3\u2019s price has surged 56.5% in 24 hours, defying a sluggish market. API3\u2019s unique Oracle solution which cuts middleware offers sustainability. Moonwell switched from Chainlink to API3, showing growing adoption. API3\u2019s price surge has caught the attention of traders and analysts [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":49320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/49319"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=49319"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/49319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/49320"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=49319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=49319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=49319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}