By Top Crypto Gainers Today on DEXTools
With major cryptocurrencies experiencing a price dip on Tuesday in wake of hotter-than-expected US CPI data that has seen markets pull back on Fed rate cut bets, investors looking for quick exponential gains will continue scouring the shitcoin/meme coin markets for the top crypto gainers today.
Bitcoin (BTC) was last trading back in the $48,700s.
That’s down upwards of 3% from the two-year highs it hit earlier in the session near $50,400.
Ether (ETH), meanwhile, was last down close to 2% on the day but holding above $2,600.
Major altcoins like Solana (SOL), XRP (XRP), Cardano (ADA), Avalanche (AVAX) and Dogecoin (DOGE) were flat to down 4% over the past 24 hours, as per CoinMarketCap.
Many expect major cryptocurrencies like Bitcoin to remain short-lived.
That’s because net inflows into spot Bitcoin ETF products remain strong.
Indeed, inflows surpassed $400 million for a third consecutive day on Monday, as per Farside data.
While Bitcoin’s latest price dip could soon reverse, micro-cap shitcoins/meme coins could deliver much faster gains.
Small-cap cryptocurrencies are almost always pumping and nearly always also take the mantle for the biggest crypto gainers each day.
That’s because their low level of liquidity means that relatively small buy pressure can easily result in fast exponential gains.
While blue-chip cryptocurrencies can offer good upside prospects, traders looking to make quick profits usually turn to low-cap markets.
That being said, here are some of the top crypto gainers today on web3’s best-known decentralized exchange (DEX) tool DEXTools.
Top Crypto Gainers Today
Asterix ($ASTX)
A shitcoin called Asterix ($ASTX) which appears to be riding hype surrounding the new type of ERC-404 is pumping today.
Up over 80,000% in 24 hours, $ASTX is DEXTools’ top crypto gainer today.
The token’s market cap was last $17.5 million with locked liquidity of over $900,000.
But investors should be very cautious with this token.
It has four smart-contract alerts as per DEXTools’ smart-contract audit.
It’s also worth noting that shitcoins that post 24-hour gains as strong as $ATRX are normally scams of some sort.
Joe Coion ($JOE)
A shitcoin called Joe Coin ($JOE) is up around 250% on Tuesday making it one of today’s top crypto gainers.
As per DEXTools, it’s market cap was last around $3.2 million.
It last had liquidity of just under $600,000 and over 5,400 holders.
It has a high DEXTscore of 99/99, but has three smart contract alerts.
Investors should remember always to be cautious with low-cap coins, regardless of how innocent they look.
Alea ($ALEA)
A token called Alea ($ALEA) has been pumping lately.
As per DEXTools, it was last up around 180% in 24 hours.
That makes it one of the top crypto gainers today, with its market cap lasting around $3.4 million.
The token has $260,000 in locked liquidity and just over 450 holders.
It also has six smart contract alerts, so investors should be cautious that it could be a scam.
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:
See the 15 Cryptocurrencies in Presale
The post Top Crypto Gainers Today on DEXTools – ASTX, JOE, ASEA appeared first on Cryptonews.
