Summary
It has been one of the top gainers in the recent 1 week. Half expecting it to crash right after it rallies such a high amount, it stays high. That is abnormal basing on pure technical analysis standpoint. So I looked at the number of transactions in the blockchain, and I found out that the number of transaction count is tremendous
Price Movement Last 1 week
Blockchain Transactions
shortcode
Transaction Count
Appendix
Evaluation
This evaluation is generated by ChatGPT 4.0 basing on the entry found on Coinmarketcap.
API3 using the criteria we discussed earlier:
Purpose & Use Case (Utility):
- Addressing the "Blockchain Oracle Problem" and aiming to facilitate direct connections between APIs and smart contracts.Score: 9/10
- Addressing the "Blockchain Oracle Problem" and aiming to facilitate direct connections between APIs and smart contracts.Score: 9/10
Real-world Application:
- The project is targeting a real challenge faced by smart contracts in terms of data reliability and timeliness.Score: 8/10
- The project is targeting a real challenge faced by smart contracts in terms of data reliability and timeliness.Score: 8/10
Team & Advisors:
- The team members have diverse backgrounds, with experiences from blockchain labs to large tech companies like Facebook.Score: 9/10
- The team members have diverse backgrounds, with experiences from blockchain labs to large tech companies like Facebook.Score: 9/10
Technology & Whitepaper:
- The project has introduced innovative concepts like Airnode and emphasized their vision through the whitepaper.Score: 7/10
- The project has introduced innovative concepts like Airnode and emphasized their vision through the whitepaper.Score: 7/10
Scalability:
- Specific details about scalability are not provided, but being based on Ethereum, scalability will be as per the underlying chain.Score: 5/10
- Specific details about scalability are not provided, but being based on Ethereum, scalability will be as per the underlying chain.Score: 5/10
Market Potential:
- Given the issues with oracles and the importance of APIs in feeding blockchain data, the project has significant market potential.Score: 8/10
- Given the issues with oracles and the importance of APIs in feeding blockchain data, the project has significant market potential.Score: 8/10
Adoption:
- The project had a successful token sale and is listed on major exchanges. It suggests some level of adoption.Score: 6/10
- The project had a successful token sale and is listed on major exchanges. It suggests some level of adoption.Score: 6/10
Tokenomics:
- The token distribution is clearly laid out with details of allocations for various stakeholders and vesting periods.Score: 7/10
- The token distribution is clearly laid out with details of allocations for various stakeholders and vesting periods.Score: 7/10
Community Support & Engagement:
- No specific details about community size or engagement are provided.Score: 5/10
- No specific details about community size or engagement are provided.Score: 5/10
Regulatory Compliance:
- No details on regulatory compliance are mentioned.Score: 3/10
11. Security:
- API3 is an ERC-20 token based on Ethereum, a secure and well-established blockchain. However, specifics about security audits are not provided.Score: 6/10
Overall Score: 73/110
This is a broad evaluation based on the information provided. It's crucial to consider this as a preliminary analysis. Thorough research and consultation with financial professionals are essential before making any investment decisions.