By Top Crypto Gainers Today on DEXTools
$SAVM, $SHEPE and $SATOSHI are some of the top small-cap crypto gainers today on DEXTools, while blue-chip cryptocurrency markets struggle amid elevated sell pressure.
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.
Speaking of blue-chip markets, prices have struggled this week amid a wave of continued post-spot Bitcoin ETF approval profit-taking, where Grayscale Bitcoin selling has taken the spotlight.
Bitcoin (BTC) hit fresh yearly lows in the $40,200s earlier in the day before bouncing to $41,600.
Ether (ETH), meanwhile, is still struggling beneath $2,500, though remains well above prior yearly lows.
Most major altcoins like Solana (SOL), XRP (XRP) and Cardano (ADA) were down around 1% in the past 24 hours.
With major crypto prices struggling, here are some of the top small-cap crypto gainers on Thursday as per DEXTools.
Top Crypto Gainers on DEXTools
SatoshiVM ($SAVM)
A newly launched shitcoin called SatoshiVM ($SAVM), which claims to a decentralized Bitcoin ZK Rollup Layer 2 solution compatible with the Ethereum Virtual Machine (EVM) that uses BTC, is one of the top crypto gainers on Thursday.
$SAVM is up 2,800% in the past 24 hours, as per DEXTools.
The latest pump has seen it hit a market cap of $69 million and reach liquidity of $13.8 million.
Investors should be cautious of the token’s three concerning aspects to its smart contract.
Shiba V Pepe ($SHEPE)
A shitcoin called Shiba V Pepe ($SHEPE) is staging a comeback after a long price decline.
As per DEXTools, it was last up 500% on the day.
$SHEPE’s market cap was last just over $500,000, with locked liquidity of around $137,000 and around 3,340 holders.
It has 1% buy and sell tax, plus three smart contract risks, as per DEXTools’ security audit.
Satoshi Nakamoto ($SATOSHI)
A shitcoin called Satoshi Nakamoto ($SATOSHI) has been pumping.
$SATOSHI was last up around 440% in the past 24 hours, as per DEXTools.
Still, its market cap is pretty tiny at only around $800,000, with $150,000 in liquidity.
As per DEXTools’ security audit, the token only has two concerning aspects to its smart contract.
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.
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilize affiliate links within our content, and receive commission.
The post Top Crypto Gainers Today on DEXTools – $SAVM, $SHEPE, $SATOSHI appeared first on Cryptonews.
