ApeX reports 203% gains amid market downturn

2024-01-03 10:10:56

According to CoinGecko data, ApeX, the token behind the decentralized derivatives protocol, was reported as the top gainer on Jan. 3.

These gains come in contrast to a declining market, which has experienced a 7.2% decrease in market cap overall. In contrast, ApeX (APEX) over the last seven days, ApeX has recorded a substantial price increase of 203%, while the global cryptocurrency market has experienced a decline of 3.3%.

APEX Price | Source: CoinGeckoThe current price of ApeX stands at $1.02, reflecting a 203% surge in the last 24 hours and an impressive 184% increase over the past week. ApeX’s market cap is valued at $39,910,193, considering a circulating supply of 44 million APEX.

The positive gains for this token are attributed to a Jan. 2 announcement that the ApeX Protocol, as reported on X, announced the integration of smart contracts from Stacks to scale Bitcoin.

The introduction of the STX-USDT token pair was highlighted, inviting users to participate in trading activities with 25 times leverage for potential gains

While Bitcoin (BTC) and Ethereum (ETH) continue to face a slight downturn with less promising news from earlier today, altcoins seem to be creeping ahead in growth.

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