GMT and APE are two of the most volatile assets in the cryptocurrency market with a combined $6.2 billion volume
STEPN and ApeCoin tokens are two of the most volatile assets in the cryptocurrency market, with tokens rising from 100 percent to 444 percent in less than a month, making them the most profitable assets out of the top 100 by capitalization.
STEPN Price Performance
GMT is a utility token for STEPN, a Web3 running application that gives users virtual sneakers and allows them to earn the token by walking and running. The token was launched on March 9th at a price of $0.1536.
It increased by 280 percent in a week on April 4th. “STEPN transforms into a unicorn!” In a tweet on April 4, the STEPN team celebrated GMT’s entry into the coveted billion-dollar club by saying, “STEPN breaks into the coveted billion-dollar club.”
According to STEPN’s official website, GMT is a token for mining Bitcoin, backed with real computing power.
STEPN was one of the most unexpected and surprising assets on the market, bringing early investors over 400% profit and making it the most profitable cryptocurrency asset in April.
Despite the speculative nature of the rally, STEPN is putting in a strong and relatively stable performance on the technical front. After a price increase of more than two times, traders usually expect a complete reversal of the asset.
STEPN’s most recent price performance does not indicate a reversal, as the asset is only down 13% and has yet to encounter the first support levels that could serve as a foundation for a further rally.
ApeCoin Price Performance
APE is the utility and governance token of the Bored Ape Yacht Club’s (BAYC) Profile Project, which is the world’s largest non-fungible token (NFT). ApeCoin began trading at $1 on March 17th, rising to $39 before collapsing to the $8.5-$17.8 range the next day.
Since then, ApeCoin has been volatile, with a rally following American rapper Snoop Dogg’s announcement of a BAYC-themed mixed tape that could only be purchased with ApeCoin.
Despite the most recent 18 percent reversal, which some traders and industry experts regard as the top, ApeCoin is moving in a sharp uptrend and showing no signs of weakness on its daily chart.
Since its initial public offering, Apecoin has lost 78 percent of its value in a single candle and has yet to recover to its previous level. ApeCoin currently needs to gain at least 71 percent to the local high in order to return to the ATH.
The BAYC NFT collection is a big deal for ApeCoin, and it’s getting a lot of attention now that the Metaverse is out.
