Smart contracts can struggle to access dependable data. APIs (application programming interfaces) are frequently cited as a possible solution. This article explains what API3 is, what makes it unique, if it’s worth buying, and the best places to buy API3 now.
Top places to buy API3 now
As API3 is such a new asset, it’s yet to be listed on major exchanges. You can still purchase API3 using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy API3 right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for API3
Now that you’re connected, you’ll be able to swap for 100s of coins including API3.
What is API3?
API3’s stated goal is to allow decentralized versions of APIs to be built, managed and monetized at scales. According to the team behind the platform, it has never been more important for smart contracts to provide “timely, reliable real-world data.”
API3 is 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, decentralized ledgers wouldn’t have a clue about how much coins should be worth. API3 is unique in that decentralized APIs can provide superior data transparency down to the factual data source level.
In comparison, existing decentralized oracles do not consider the data source API to be within their scope.
Should I buy it today?
Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.
API3 price prediction
Tech News Leader is bullish on API3. Its current price is $5.53 and the analysts predict it will more than double within a year, reaching $10.52. In 5 years, 1 API3 will be worth $34.20. In a decade, its value will have gone up to $209.
API3 on social media
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— BitMart Research (@BitMartResearch) February 18, 2022