ApeX reports 203% gains amid market downturn

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In accordance with CoinGecko information, ApeX, the token behind the decentralized derivatives protocol, was reported as the highest gainer on Jan. 3.

These good points are available in distinction to a declining market, which has skilled a 7.2% lower in market cap total. In distinction, ApeX (APEX) during the last seven days, ApeX has recorded a considerable value improve of 203%, whereas the worldwide cryptocurrency market has skilled a decline of three.3%.

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APEX Worth | Supply: CoinGecko

The present value of ApeX stands at $1.02, reflecting a 203% surge within the final 24 hours and a formidable 184% improve over the previous week. ApeX’s market cap is valued at $39,910,193, contemplating a circulating provide of 44 million APEX.

The optimistic good points for this token are attributed to a Jan. 2 announcement that the ApeX Protocol, as reported on X, introduced the combination of good contracts from Stacks to scale Bitcoin.

The introduction of the STX-USDT token pair was highlighted, inviting customers to take part in buying and selling actions with 25 instances leverage for potential good points. 

Whereas Bitcoin (BTC) and Ethereum (ETH) proceed to face a slight downturn with much less promising information from earlier in the present day, altcoins appear to be creeping forward in development.

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