By Top Crypto Gainers Today on DEXTools
$NYRO, $TUCKER and $MELON are the top crypto gainers today on DEXTools as the broader crypto market attempts to rebound following recent sell pressure.
Bitcoin (BTC) was last up just over 1% in 24 hours and close to $40,000, as per CoinMarketCap.
Solana (SOL) and Internet Computer (ICP) were the biggest gainers, up 8% and 12% respectively.
But small-cap cryptocurrencies almost always take the mantle for the top crypto gainers each day.
That’s because their low level of liquidity means that relatively small buy pressure can easily result in fast exponential gains.
While blue-chip cryptocurrencies can offer good upside prospects, traders looking to make quick profits usually turn to low-cap markets.
Despite Wednesday’s rebound most major cryptos still look to be in a short-term downtrend.
Here are some of the top small-cap crypto gainers on Thursday as per DEXTools.
Top Crypto Gainers on DEXTools
Nyro ($NYRO)
A shitcoin called Nyro ($NYRO) has been pumping on Wednesday.
$NYRO was last up around 72,800% in the past 24 hours, as per DEXTools.
Still, its market cap is pretty tiny at only around $825,000, with under $70,000 in liquidity.
Potential investors should be very cautious that the token could be a scam.
It only has a DEXTscore of 25/99.
It also remains mostly unaudited, though Quick Intel shows it may be a mintable token.
Tucker ($TUCKER)
A recently launched shitcoin called Tucker ($TUCKER), which is clearly based on the right wing US political commentator Tucker Carlson, has exploded and is one of the top crypto gainers on Wednesday.
$TUCKER is up 17,500% in the past 24 hours, as per DEXTools.
But the latest pump has seen it hit a market cap of only $915,000, and it has puny liquidity of just $26,000.
The token has just 300 holders and a low DEXTscore of 46/99.
But Investors should be cautious that it could be a scam, with the token’s smart contract still largely unaudited.
Catwifmelon ($MELON)
A shitcoin called catwifmelon ($MELON) is attempting to ride off of recent hype in dogwifhat meme coins.
As per DEXTools, it was last up 43,600% on the day, making it one of the top crypto gainers today.
$MELON’s market cap was still a tiny $356,000, with liquidity of only around $40,000.
Investors should be very cautious that the token might be a scam, given its very low DEXTscore of 13/99.
The token’s smart contract also remains largely unaudited.
That means investors won’t know if malicious code has been inserted to rob them.
Crypto Alternatives to Consider
Low-cap coins can offer huge potential returns but also come with a lot of risk.
For those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.
This is where investors buy the tokens of upstart crypto projects to help fund their development.
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
Here is a list of 15 of what the project deems as the best crypto presales of 2023.
The post Top Crypto Gainers Today on DEXTools – NYRO, TUCKER, MELON appeared first on Cryptonews.
