API3 Price Prediction – Will API3 Hit $20 Soon?

This API3 (API3) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key confluences that we have taken into consideration upon coming up with our API3 price prediction, and price analysis.

The cryptocurrency market has started to surge again. In fact, there are many crypto assets that increased to a new all-time high during the recent 2021 bull run. API3 was among them after it attained a present all-time high price of $10.31 on April 7th, 2021 according to CoinMarketCap. It has a one-year return on investment of 50.1%.

Nevertheless, the crypto market is recovering slowly, and most cryptos are losing their previous gains. Is the scenario the same as the API3 price? We’ll find out shortly in this API3 price analysis 2022 article. But first, let’s have a look at what API3 is.

What is API3?

API3’s stated goal is to allow decentralized versions of APIs to be built, managed, and monetized at scales. As blockchain technology plays an ever bigger role in the economy — from decentralized finance to supply chain management — the team behind this project says it has never been more important for smart contracts to provide “timely, reliable real-world data.”

The whitepaper for API3 was unveiled in September 2020 and set out the main problem that’s associated with APIs at present: connectivity. At present, there’s no way for smart contracts to establish a direct connection with APIs for the latest data — and this has led to an explosion in the popularity of oracles.

Although this has helped solve the problem to some extent, the industry has since been grappling with the “Blockchain Oracle Problem.” Oracles are a form of middleware that sit in between APIs and smart contracts — increasing costs and centralization. API3 intends to get around this problem by enabling API providers to operate their very own nodes.

API3 Current Market Status

API3 (API3) is one of the most aggressive cryptocurrency assets in the crypto market today. In fact, crypto was able to record a growth rate of over 5.9% in the past month. For this reason, API3 has become one of the most talked-about digital assets in the crypto world due to its recent surge.

In terms of its market standing, the crypto positions itself as one of the most prominent cryptocurrencies in CoinMarketCap, since it is in the 162^nd position.. As a result, the API3 price trades at $7.55 with a 24-hour trading volume of $317,592,586 and a 24-hour increase of 43.49%. Indeed, this market status of crypto attracts global investors all around the world.

Now that you already have an idea about what API3 cryptocurrency is, do you think API3 Gold is a good investment this year? If you are already excited to know, come, and together let us check this API3 price prediction and price analysis article.

API3 Price Analysis 2022

Currently, API3 holds 162^nd place on CoinMarketCap. But will the recent development and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this API3 price prediction article.

From the 1Day chart of API3/USDT above that shows the William Alligator, we can see that since the jaw (blue curve) is below in recent trend, there is a high probability that the price of API3 will retain the bullish run for some time.

The relative strength index of API3 is 68.72, which means that the present uptrend is strong since it lies between 50 and 70, though it is approaching the overbought region.

Since the 90-MA of API3 is a little below the 30-MA, investors should be mindful if they are not going for long-term, since it could be bearish in the long-term.

API3 Price Prediction

From the chart below, if the bears have their way, the API3 price might break the $7.0953 at suppport1 level and plummet to $1.8271 at support4 level, which is the bearish price signal for 2022.

Conversely, the market might turn with crypto thereby making its recent uptrend position to be sustained, thereby making the price of API3 break the $8.2050 at resistance1 and even move higher to $10.1691 price at the resistance2 level, the bullish signal for 2022.

API3 Price Prediction 2022

If API3’s bullish trend continues, API3 will reach $10.1691 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $8.2050. Then this rise will slow down, but no major falls are expected. With upcoming partnerships, and developments reaching $20 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

API3 Price Prediction 2023

The API3 price can move even great heights, however reaching $50. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency API3 breaks past the psychological resistance level.

API3 Price Prediction 2024

As per the latest upgrades, developments, API3 price prediction, and new project forecasts of the platform the price surges. Moreover, this might boost the price of API3 in the crypto market, and it will be the best investment as the price can spike and reach around $80.

API3 Price Prediction 2025

In the next four years, API3 prices could rise up to $100. However, reaching this level could not be so difficult for API3 as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.

API3 Price Prediction 2026

In the next five years, API3 prices could rise up to $150. However, reaching this level could not be so difficult for API3 as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.

Conclusion

API3 has a great future ahead of it in 2022. With ongoing developments happening within the API3 ecosystem, as well as in the overall crypto market, we may see API3 reach new heights. The bullish API3 price prediction is $10.1691.

Meanwhile, our long-term API3 price prediction for 2022 is bullish. It has a low possibility of surpassing its current all-time-high (ATH) at about $10.31 according to CoinMarketCap this year. However, that will only happen if it breaks past a number of psychological resistances

Also, if investors have decided that API3 is a good investment in 2022 along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.