An altcoin powering a protocol that leverages traditional application programming interface (API) technology for the Web 3.0 economy has rallied after a sudden listing by top crypto exchange Binance.
Binance, Ethereum token in a new blog post API3‘Fame (API3); Bitcoin (BTC), Binance announced that it is available for USD (BUSD) and Tether (USDT) trading pairs.
The native token manages the API3 decentralized autonomous organization (DAO) and can also be added to the protocol’s insurance staking pool to earn rewards.
API3 is a decentralized oracle network competing with Chainlink (LINK). Oracles work by connecting real-world information with blockchains to execute smart contracts.
The API3 surge that followed the spread of the Binance announcement came in two price bursts; the first of these took it from $4.20 to $4.86 and then after a slight pullback, the altcoin again peaked at $5.54. API3 has since lost some of its gains to $4.85, but despite this, the altcoin is still trading with around 7 percent gains.
Singapore-based digital asset exchange Crypto.com (CRO) has also added two new altcoins to its growing altcoin portfolio.
The first is decentralized finance, a return-optimizing platform. Beefy Finance (BIFI). Crypto.com has announced that users can purchase BIFI using USD, EUR, GBP and nearly two dozen other fiat currencies.
Beefy rallied earlier this week, rising 23.6 percent from $1,445.75 to $1,787.89 in two days before succumbing to a series of price drops. BIFI is currently trading at $1,482, down 15 percent on the day.
Another cryptocurrency that got the green light from Crypto.com is the Keep3r Network native token. Keep3rV1 (KP3R).
Blockchain custodians are external resources that provide development or task execution for projects. KP3R aims to connect people who need a keeper with those who provide them.
Keep3rV1 started 2022 with an uptrend and rallied from under $1000 to $1,881.20 on January 16. The altcoin is currently down in its second leg this week, trading at $1,211.70, down 18.45 percent on the day.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.