By Top Crypto Gainers Today on DEXTools
As Bitcoin surges to new two-year highs on rising spot Bitcoin ETF inflows, investors looking to secure even faster near-term gains are scouring the low-cap meme coin market for top crypto gainers today.
Bitcoin hit $52,000 for the first time in over two years on Wednesday before pulling back to the mid-$51,000s.
The pump comes in wake of the news that BlackRock’s newly launched spot Bitcoin ETF singlehandedly scooped up over 10K BTC tokens on Tuesday.
Spot Bitcoin ETF net inflows are going “parabolic”, noted crypto analyst Ryan Watkins in a tweet.
https://twitter.com/RyanWatkins_/status/1757644485373149221
Other major altcoins like Ether (ETH), Solana (SOL) and Cardano (ADA) are also performing well.
They were each last up between 5-7% in the past 24 hours, as per CoinMarketCap.
Those gains are impressive, but are nothing compared to the moves seen on a daily basis in low-cap shitcoin markets.
Owing to their low levels of liquidity and small market caps, such coins routinely post gains in the region of 10x per day.
Unsurprisingly, the prospect of quick gains attracts troves of degens looking to make a quick buck.
Here are some of the top crypto gainers today on DEXTools that they will be watching.
Top Crypto Gainers Today
MOONAI ($iMOON)
Newly launched asset management token MOONAI ($iMOON) has seen an impressive 3,500% pump since its launch on Wednesday.
That’s according to DEXTools, which puts its market cap at $330,000.
$iMOON has locked liquidity of around $110,000, lowering the risk of a liquidity rug pull attempt.
It also has a good DEXTscore of 96/99 and no concerning aspects to its smart contract.
Of course, the shitcoin could still be a scam in other ways, so investors should always do their due diligence.
BabyTRUMP ($BabyTRUMP)
A recently launched shitcoin called BabyTrump ($BabyTRUMP) has pumped up 600% on Wednesday.
Its market cap was last around $250,000 with around $220,000 in liquidity, as per DEXTools.
Investors should be very cautious about this shitcoin.
DEXTools’ smart contract audit has identified that tax is potentially modifiable, amongst other concerning aspects.
The token could easily be a scam.
Spyro ($SPYRO)
Spyro the dragon-themed meme coin Spyro ($SPYRO) is up close to 300% on Wednesday, as per DEXTools.
Its market cap has now reached an impressive $4.12 million, with over $850,000 in liquidity.
It has a 99/99 DEXTscore and only one concerning aspect to its smart contract.
That suggests its unlikely to be a scam, although investors should always do their due diligence.
Crypto Alternatives to Consider
The above-noted top crypto gainers today could see further explosive upside.
However, investing in low-cap shitcoins is a very risky strategy.
An innocent-looking project could easily turn out to be a scam.
And a few big sell orders could easily drive the price 80% lower.
A strategy that is still risky, but arguably has a better risk reward is getting involved in crypto presales.
The idea is that investors secure tokens of up-and-coming, high-potential crypto projects/protocols at a discounted early price.
These projects then put those funds to work, paying for protocol development and marketing.
Ideally, one the token launches on cryptocurrency exchanges, the project has been able to generate enough hype to engineer a token price pump.
While lots can go wrong when investing in crypto presales – unforeseen circumstances can prevent a project delivering on its vision – savvy presale investors routinely secure gains of 10x or more.
With hundreds of presale projects vying for investor funds, analysts at Cryptonews have been combing the market.
Here are 14 of the presale projects with the highest potential.
The post Top Crypto Gainers Today on DEXTools – iMOON, BabyTRUMP, SPYRO appeared first on Cryptonews.
