API3 Climbs To $1.47 After Massive 24h Surge
On August 20, 2025, the crypto market witnessed a remarkable surge from API3. According to CoinMarketCap data, the token jumped more than 75% in just 24 hours, reaching $1.47 – its highest level in months. Market capitalization soared to $127.43 million, while 24-hour trading volume approached $994 million, representing a 483% increase. The volume-to-market-cap ratio climbed to an impressive 790%, signaling extremely strong liquidity.
The explosive growth of API3 can be attributed to several factors. First, trading activity has intensified across major exchanges, especially in South Korea, bringing significant capital inflows. Second, the sharp price rally has triggered FOMO, pushing API3 into the spotlight on Google Trends as investors rush to learn more about the token. Additionally, API3 is one of the leading projects in the oracle sector, competing directly with Chainlink and Pyth Network, which further strengthens its long-term appeal to investors.
From a technical perspective, API3 is currently trading within the $1.2 – $1.8 range. If buying pressure persists, the token could potentially challenge the $2.0 resistance level in the short term. However, such rapid price appreciation also carries the risk of correction, meaning investors should proceed with caution. With a 75% daily gain and close to $1 billion in trading volume, API3 stands out as one of the hottest cryptocurrencies on August 20, 2025.
Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.