Updated: Mar 15, 2022
Crowdsense detected and notified users of a social media sentiment spike related to API3 12 hours before the 31% price spike, allowing them to seize potential gains.
API3 is an effort to simplify and commoditize Web3 oracle infrastructure. Data feeds are served and governed in a decentralized manner.
In the standard internet web, APIs are hosted by centralized services leading to a single point of failure. In API3's case, data will be distributed across different providers and will also be accessible by smart contracts; the team behind this project says it has never been more important for these to provide “timely, reliable real-world data.”
Moreover, API3 token is the governance token for the DAO, and its Holders can participate in governing the direction of the protocol.
On 24/02/2022 we detected that $API3 daily social media sentiment climbed 2.1 points and became positive with 7.5 out of 10.
Not long after the sentiment spike, API3's price started to react, going from $5.71 at 12:25 PM to $7.41 in just 12 hours, reaching this peak at 00:17 AM on 25/2/2022 (GMT+2).
Our customers that had included API3 in their watchlist received the notification with a great time margin, giving them a time advantage to seize the opportunity of making 31% profit in less than a day.
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