What Is API3 (API3)?
Smart contracts often struggle to access dependable data, but application programming interfaces (APIs) have been touted as a solution to this problem.
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’s token went live at the start of December following on from a token sale that generated tens of millions of dollars.
Who Are the Founders of API3?
Three people have come together to bring API3 to life. The first is Heikki Vanttinen, who has written extensively about the project and what it hopes to achieve. He previously worked as founder and CEO at CLC Group, a blockchain lab “developing real-world connected smart contract solutions for a more trustless, efficient and secure future.” Vanttinen also served as chief marketing officer at Zippie, a mobile operating system that aims to help blockchain technology achieve mainstream adoption.
Vanttinen has been joined by Burak Benligiray. He also worked at CLC Group, serving as CTO. Benligiray has previously written posts highlighting the merits of ChainAPI, which serves as the integration platform for API3. This has been described as the “spiritual successor” to Honeycomb, which was one of the innovations that had been pursued by CLC Group.
And last but by no means least, the third co-founder at API3 is Saša Milić. As well as serving as a sessional lecturer at the University of Toronto, where she taught core curriculum courses to computer science students, she’s also worked as a software engineer for Facebook, and as a simulation data scientist for Gauntlet.
API3 Price Prediction
If you’re looking for API3 price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of API3 (API3) will go in the future? We will analyze the past prices of API3 (API3) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2022 | 6.00 | 6.18 | 7.35 |
| 2023 | 8.83 | 9.07 | 10.40 |
| 2024 | 12.86 | 13.31 | 15.46 |
| 2025 | 19.44 | 20.10 | 22.59 |
| 2026 | 27.84 | 28.65 | 33.22 |
| 2027 | 41.29 | 42.44 | 47.94 |
| 2028 | 59.53 | 61.66 | 72.05 |
| 2029 | 88.88 | 91.34 | 105.46 |
| 2030 | 118.23 | 122.80 | 154.30 |
| 2031 | 175.77 | 181.91 | 206.36 |
API3 Overview
| Coin Name | API3 |
| Coin Symbol | API3 |
| USD Price | $ 4.45 |
| Marketcap | $ 164,102,446 |
| 24h Volume | $ 115,039,228 |
| Total Supply | 104,238,461 |
API3 (API3) Price Prediction
At reconshell.com we predict future API3 price predictions/API3 forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of API3. We do our best to collect maximum historical data for the API3 coin which include multiple parameters like past price, API3 marketcap, API3 volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
API3 Price Prediction 2022
According to our deep technical analysis on past price data of API3, In 2022 the price of API3 is predicted to reach at a minimum level of $6.00. The API3 price can reach a maximum level of $7.35 with the average trading price of $6.18.
API3 Price Prediction 2023
The price of API3 is predicted to reach at a minimum level of $8.83 in 2023. The API3 price can reach a maximum level of $10.40 with the average price of $9.07 throughout 2023.
API3 Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of API3 is predicted to reach at a minimum level of $12.86. The API3 price can reach a maximum level of $15.46 with the average trading price of $13.31.
The price of 1 API3 is expected to reach at a minimum level of $19.44 in 2025. The API3 price can reach a maximum level of $22.59 with the average price of $20.10 throughout 2025.
API3 Price Prediction 2026
API3 price is forecast to reach a lowest possible level of $27.84 in 2026. As per our findings, the API3 price could reach a maximum possible level of $33.22 with the average forecast price of $28.65.
API3 Price Prediction 2027
According to our deep technical analysis on past price data of API3, In 2027 the price of API3 is forecasted to be at around a minimum value of $41.29. The API3 price value can reach a maximum of $47.94 with the average trading value of $42.44 in USD.
API3 (API3) Price Prediction 2028
The price of API3 is predicted to reach at a minimum value of $59.53 in 2028. The API3 price could reach a maximum value of $72.05 with the average trading price of $61.66 throughout 2028.
API3 Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of API3 is expected to reach at a minimum price value of $88.88. The API3 price can reach a maximum price value of $105.46 with the average value of $91.34.
API3 (API3) Price Prediction 2030
The price of API3 is predicted to reach at a minimum value of $118.23 in 2030. The API3 price could reach a maximum value of $154.30 with the average trading price of $122.80 throughout 2030.
API3 Price Prediction 2031
API3 price is forecast to reach a lowest possible level of $175.77 in 2031. As per our findings, the API3 price could reach a maximum possible level of $206.36 with the average forecast price of $181.91.
What Makes API3 Unique?
In the world of blockchain and crypto, we all too often hear about projects that are aiming to bring this technology to established industries such as real estate and finance. One of the most compelling attributes of API3 is how it’s aiming to fix some of the problems that have emerged within the blockchain space itself.
APIs are crucial because of how they supply blockchains with off-chain data – without it, these decentralized ledgers wouldn’t have a clue about how much coins should be worth.
In setting out why API3 is unique, Vanttinen explained how decentralized APIs can “provide superior data transparency all the way to the factual data source level, compared to existing decentralized oracles, which do not consider the data source API to be within the scope of their solution.”
Light and robust middleware called Airnode has been created to make API3 a reality – and the distinctive qualities of this tool concern how it can be deployed in minutes, enhancing transparency and substantially reducing transaction fees in the process.
How Many API3 (API3) Coins Are There in Circulation?
As of January 2020, CoinMarketCap data suggests that there are 13,847,549 API3 in circulation – out of a maximum supply of 100 million tokens.
While 15 million tokens have been distributed among pre-seed and seed investors, a further 20 million tokens were reserved for a public token distribution event that took place over the first two weeks of December. The founding team was allocated 30 million tokens, with 10 million going to partners and contributors. And finally, 25 million went to an ecosystem fund.
Tokens sold during a public sale are unlocked, but seed investors and founders are subject to a vesting period of between two and three years.
How Is the API3 Network Secured?
API3 is an ERC-20 token, meaning that it’s based on the Ethereum blockchain.
Where Can You Buy API3 (API3)?
One of the most popular exchanges where API3 can be purchased include Uniswap, where it is paired with Wrapped ETH. It’s also available against UDST on Huobi Global and KuCoin, and paired with ETH on OKEx and 1inch.