API3(API3)24 hours pump 13.16%

Gate News Bot news, August 18, according to CoinMarketCap market data, as of the time of writing, API3(API3) is currently priced at $0.87, with a rise of 13.16% in the last 24 hours, reaching a high of $0.90 and a low of $0.68. The current market capitalization is approximately $75.1 million, an increase of $8.74 million compared to yesterday.

API3 is a decentralized protocol dedicated to providing Oracle services for DeFi projects. The protocol has deployed over 200 data sources across multiple public chains, offering reliable price data services for the DeFi ecosystem. API3 has also launched the OEV rewards program to incentivize more DeFi projects to adopt its Oracle services.

Important news about API3 recently:

1️⃣ Cooperating with Astar Network zKEVM to expand application scenarios API3 has reached a partnership with Astar Network's zKEVM solution, which will allow API3's oracle services to operate in Astar's zKEVM environment. This collaboration is expected to enhance the application scope of API3 in high-performance, low-cost blockchain environments, providing reliable data services for more DeFi projects.

2️⃣ New exchange listing, enhancing liquidity Recently, API3 has been listed on several mainstream cryptocurrency exchanges. This has not only increased the market exposure of API3 but also enhanced its liquidity, providing investors with more trading options. The expansion of trading channels may be one of the important factors driving the rise in API3 prices.

3️⃣ Demand for Oracle services rise, market recognition improves As the DeFi ecosystem continues to develop, the demand for reliable oracle services continues to rise. API3, as a decentralized oracle solution provider, has seen an increasing market recognition of its services. This is reflected in its price performance, with a rise of over 13% in 24 hours, indicating investors' optimism about API3's future development prospects.

From a technical perspective, API3 has pulled back after breaking through the $0.90 mark, currently stabilizing around $0.87. If it can hold above $0.90 in the short term, it may attract more buying interest, pushing the price further up. However, investors still need to closely monitor the overall cryptocurrency market trends, as macro factors may impact API3's price movements.

This message is not an investment advice, and investors should be aware of market volatility risks.