CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
AL English
Country • Albania
    Entity • Capital Com Online Investments Ltd (SCB) (Regulated by SCB)
    English العَرَبِيَّة Deutsch ελληνικά Español Français Italiano Magyar Nederlands Polski Română Русский 简体中文 繁體中文

    STEPN (GMT), APE surge 1,000%; break into top 100 in 30 days

    By Daniela Ešnerová


    Updated

    Charts, figures layered graphic with crypto surrounding the globe
    STEPN’s GMT and APE both broke into top 100 cryptocurrencies less than a month – Photo: Shutterstock

    STEPN’s token GMT and ApeCoin (APE) surged over 1,000% over the last 30 days, making them the only billion virtual tokens to do so in that period.

    GMT grew 1,341% over the last 30 days, while APE is up 1,000% since its inception on 17 March. Both of the coins were launched last month, with GMT listing on 1 March, but both quickly made their way to the top 100 cryptocurrencies.

    APE is a utility and governance token of Bored Ape Yacht Club’s (BAYC) – the world’s biggest non-fungible token (NFT) Profile Project. APE opened on 17 March at $1 before shooting to $39 and collapsing to the $8.5-$17.8 range the next day.

    ApeCoin to US dollar (APE/USD)

    APE has been volatile since then followed by a rally after American rapper Snoop Dogg announced BAYC-themed mixed tape which could be bought only using APE.

    What is your sentiment on APE/USD?

    1.2083
    Bullish
    or
    Bearish
    Vote to see Traders sentiment!

    BTC/USD

    99,041.30 Price
    +0.810% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 106.00

    ADA/USD

    0.89 Price
    +10.150% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 0.00646

    ETH/USD

    3,371.02 Price
    +0.840% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 6.00

    XRP/USD

    1.42 Price
    +18.840% 1D Chg, %
    Long position overnight fee -0.0616%
    Short position overnight fee 0.0137%
    Overnight fee time 22:00 (UTC)
    Spread 0.01168

    GMT and APE in Top 100 cryptocurrencies

    GMT is a utility token for STEPN – a Web3 running application – where users are equipped with virtual sneakers and can earn GMT through walking and running. GMT was launched on 9 March at $0.1536.

    On 4 April, it added 280% in a week. “STEPN becomes a Unicorn! STEPN breaks into the coveted billion-dollar club,” team behind STEPN celebrated GMT’s entry breaking the $1bn market capitalisation milestone in a tweet on 4 April.

    GMT was trading at $2.10 and APE was changing hands at $11 at 16:15 UTC. APE, with a market capitalisation of $3bn, is the 45th biggest cryptocurrency, while STEPN with a $1.7bn total market value is the 77th biggest digital token at present.

    Markets in this article

    APE/USD
    APE/USD
    1.2083 USD
    0.0233 +2.020%

    Related topics

    #Dogecoin #Cryptocurrency #Bitcoin

    Rate this article

    Related reading

    ApeCoin price prediction: What is apecoin (APE)?

    Apecoin logo on a smartphone screen with piles of US dollars in the background

    Stepn price prediction: What is stepn (GMT)?

    Bitcoin and blockchain concept image featuring bar, line and candlestick graphs overlaid on a blue-black background and globe of the planet
    The difference between trading assets and CFDs
    The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
    You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
    CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
    CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
    Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

    Still looking for a broker you can trust?

    Join the 660,000+ traders worldwide that chose to trade with Capital.com

    1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading

    Start trading on APE/USD.

    1.1494
    1.2083