Take advantage of the downturn in the market to accumulate more learning
Recently, I have been looking at projects and using Twitter to record.
Today, I made an analysis chart of the oracle track API3, you can take a look.
I think the oracle has always been a track that the market hot funds are keen to hype, such as trb, link, etc., and it is very easy to have strong market control.
API3 tokens are basically fully circulated, which is the advantage of old coins, and the project party is still alive and still doing things. It knows how to take advantage of hot spots and marketing, so it is worth paying attention to. I have talked about the bull market ideas of old coins before.
API3 rose from 1u in October 2023 to 5u in February 24, a 5-fold increase, and now it has fallen back to 1.3u. Among old coins and even new coins, the performance is not bad, indicating that the market value management team is still very active.
I feel that the API3 token is more like a lubricant for the entire oracle system, providing kinetic energy for high-speed data trains, which is the core and significance of the construction of the entire economic system.
Narrative application perspective:
1. The more blockchain applications there are, the more external data is needed, and the larger the market for oracles like API3.
2. Therefore, as a first-party oracle, API3 is very important, especially in the field of defi applications. Its relatively high-quality fundamentals have kept it at the forefront of market share, and the recent launch of the OEV mainnet and the acquisition of new financing show that they are still alive and building.
3. The prosperity of cottages is inseparable from the defi mechanism, and the development of defi is inseparable from oracles.
The market is not good, learn more about the logic of each project, especially the cottage is still in the stage of disorderly fluctuations, wait for the market to stabilize completely, and then choose the opportunity to layout
