By With major cryptocurrencies flat over the past 24 hours following a choppy day of trade, traders hunting for top crypto gainers today that might deliver them quick gains continue to flock to the highly volatile and illiquid on-chain micro-cap markets.
Bitcoin (BTC) was last trading in the upper $63,000s, having held above recent lows in the $61,000s.
The world’s largest cryptocurrency remains down by around 12% versus last week’s peaks near $73,000.
With Bitcoin down 12% from its recent peaks, traders looking for top crypto gainers today are scouring on-chain micro cap markets for opportunities. Source: TradingView
Concerns about Israel/Iran tensions and a fading likelihood of near-term Fed rate cuts continue to weigh on sentiment.
There wasn’t much by way of fresh geopolitical news on Tuesday. But Fed Chair Jerome Powell sounded hawkish, suggesting the Fed needs to wait longer before cutting.
Macro/geopolitical headwinds come as spot Bitcoin ETF flows moderate, and just days ahead of the halving.
Spot #Bitcoin ETF inflows have been slowing down significantly.
Should we be worried? pic.twitter.com/nB1PIIdfln
— Mister Crypto (@misterrcrypto) April 16, 2024
Some think the halving could trigger a sell-the-fact reaction in the BTC market.
Either way, Bitcoin isn’t likely to deliver quick gains right now. Nor are many other altcoins.
Its no surprise then that investors are flocking to the on-chain shitcoin markets, where coins are always pumping and dumping.
Indeed, on-chain markets are one of the only places where traders can turn 10x or more gains in one day.
Of course, with great potential for reward comes great risk. On-chain markets are highly volatile, highly illiquid, and replete with scams and pump-and-dump schemes.
Traders must always do their own research before investing and never risk more than they can afford to lose.
That being said, here are some top crypto gainers today on DEXScreener that will be catching traders’ attention.
Top Crypto Gainers Today
AI BTC Mining (AIM)
A newly launched coin called AI BTC Mining (AIM) is up a stunning 33,000% since its Tuesday launch.
That’s according to DEXScreener, which puts the token’s market cap at $2 million. AIM has locked liquidity of $230,000 and has seen $400,000 in 24-hour volumes.
Those are impressive first-day numbers. But potential investors ought to tread with caution.
The token hasn’t linked any project details on DEXScreener. The token also has three smart contract issues. It could easily be a scam coin.
NeuroNest AI (NEAI)
Another supposed AI coin called NeuroNest AI (NEAI) is up 11,000% in 24 hours, as per DEXScreener.
Despite those huge gains, the token still has a small market cap of only around $700,000. Moreover, it only has around $100,000 in locked liquidity.
Sure, locked liquidity means a rug pull is less likely. But a few big sell orders will send the NEAI price crashing very quickly.
As per its Twitter account, NeuroNest AI is a Layer-0 AI Infrastructure for Generative Libraries.
Empowering smarter decisions through advanced AI.
Explore the future of digital independence with NeuroNest Network.
A Thread[1/6] pic.twitter.com/N9L0pGbHQc
— NeuroNest (@NeuroNestAI) April 11, 2024
The token has four smart contract issues, including pausable transfers and high buy and sell taxes. Potential buyers must do their own research.
Nitefeeder (NITEFEEDER)
A shitcoin called Nitefeeder (NITEFEEDER) is up 140% in the past 24 hours, as per DEXScreener.
The meme coin last had a market cap of $2.7 million, with $210 in locked liquidity and $657,000 in 24-hour volumes.
If it can secure a listing on CoinGecko, it could yet pump higher.
We have applied for listing on @coingecko.
Application ID: CL1704240002https://t.co/X5s6sVZdQj
— Nitefeeder Official (@NitefeederToken) April 17, 2024
But traders should be cautious, as the coin has a few smart contract issues, as identified by Go+ Security.
A Better Way to Make Quick Gains
Shitcoins offer the prospect of quick gains but are very risky. That’s not just due to their illiquidity and volatility. It’s also because most are scams of some sort or pump-and-dump schemes.
A potentially much better way to make quick exponential gains in crypto is to invest in crypto presales.
Up-and-coming web3 projects often sell their native token at a big discount to early investors to fund development.
If crypto investors can identify projects with a great use case, vision and competent team, they may be able to flip their presale tokens for a big premium at a later date, assuming the project gains traction.
But with so many presales vying for investor funds, it can be difficult to know where to look first.
Luckily, analysts at Cryptonews spend a lot of time combing the presale market for promising projects.
Here are their 19 favorite presales right now.
Alternatively, check out this video from Cryptonews’ Crypto Arjay who discusses some of the best presales right now.
The post Top Crypto Gainers Today on DEXScreener – AIM, NEAI, NITEFEEDER appeared first on Cryptonews.
