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


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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.

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.

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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.

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