$API3 Many newbies open positions based on intuition or simply buy the coin that saw the most gains today, betting on continued growth. 🤔
First, you need to understand what the coin is used for. For example, today's top gainer...
This coin is a decentralized oracle project launched in 2020. It has a total supply of 125 million tokens, a current price of $3.70, and a market capitalization of $320 million. It allows traditional data providers like Bloomberg to directly feed data into the blockchain, eliminating middlemen and making the data more reliable. The advantages are data transparency and low costs.
Then, buy based on factual news.
Recently, the market focus has shifted from meme coins to technology-focused sectors. Oracles, as a key sector in smart contracts, are seeing a rebound. API3, a representative decentralized oracle, is experiencing strong demand for valuation recovery after its initial oversell. More importantly, Binance recently launched the RWA public chain project Plume, which is associated with Trump, boosting the entire oracle sector. API3, a project in the same space, was hyped by investors as a "buy-up" target. Furthermore, it was listed on a Korean exchange on August 19th. Project owners often manipulate the price of a new exchange before its launch, and this time was no exception. K-line analysis shows that API3's trading volume surged fivefold within half an hour of its launch on Upbit, clearly indicating market manipulation.
Furthermore, mainstream cryptocurrencies such as Bitcoin and Ethereum plummeted 5% that day. These cryptocurrencies, with a circulating market capitalization of less than 1% of Ethereum, are considered "small and beautiful" assets. After some investors withdrew from mainstream cryptocurrencies, they opted for low-market-cap, high-volatility altcoins to capitalize on the rebound. In addition, API3 has not seen any significant negative news recently, making it a safe haven for short-term investors.
However, violent price increases are often accompanied by selling by major players. I will privately inform my followers of specific entry points to mitigate these risks, and I will also guide them in ambushing other cryptocurrencies in the future.
Okay, I'm Yong Ge, a blogger dedicated to inspiring my followers to find their way out of the deep end. If you're trapped by entering the market during this volatile market and can't find the right entry point, follow @Yong Ge Blockchain. Bulls have their own strategies, bears have their own perspectives. Join Yong Ge in becoming the ultimate winner.