Analyst Says Ethereum-Based Altcoin is Ready for a Journey to the Moon!

Cryptocurrency analyst Inmortal made predictions for the Ethereum-based altcoin and cryptocurrency market in general.

Inmortal recently attracted attention with the predictions it made in an X post it shared. The analyst excited investors by stating that Ethereum-based API3 (API3) is ready for a massive rise.

Pointing to API3's latest strategic financing round led by cryptocurrency investment company DWF Labs, the analyst focused on the upward potential on the altcoin's chart:

API3 successfully completed a strategic financing round by allocating treasury assets in exchange for four million USDC. What do I think about the chart? Nothing else to add, just ready to hyperrise. The 600-day accumulation period has ended.

API3 chart is ready to rise

In the details of his statement, he emphasized that the API3 chart is ready to rise and stated that the accumulation that has been going on for 600 days will bear fruit.

However, he noted that with the latest movement, the long-standing accumulation process has been tested in a healthy way, which is another harbinger of an increase.

API3 is a decentralized oracle network that aims to connect traditional APIs to blockchain applications.

According to CoinGecko data, API3, which has increased by 1% in the last 24 hours, is traded at $ 3.3 at the time of writing.

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