Another spot trade opportunity during this dip is to buy a decent-sized bag of API3 at the current price of $3.26. API3 is one of the biggest competitors of Chainlink, and I would argue it's even better. Developer commits are on the rise, and the treasury is continuously increasing.
I see huge potential for this project to become a top performer in this bull rally.
Price targets? I expect API3 to easily reach $11-15 in a few months from now, while my long-term targets, where I would start taking some profits, are $50 and above. In my opinion, it should reach $100-150 and even higher, but to keep risk lower, I will book partial profits after $50. Again, do not ask us how many months or year it will take to reach these targets. This is a very serious and long-term investment, and I might hold it for a couple of years as I have high conviction on my research.
So only invest what you are willing to lose, and as always, do your own research before investing.
