TYPE, D/ACC and STRM are some of the top small-cap crypto gainers today on DEXTools, while blue-chip cryptocurrency markets pump.
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 5-10x profits usually turn to low cap markets.
Speaking of blue-chip markets, a successful first day of spot Bitcoin ETF trade in US markets has prices pumping.
Bitcoin (BTC) is up nearly 2% in the past 24 hours in the mid-$46,000s.
The world’s largest cryptocurrency by market capitalization hit two-year highs above $49,000 earlier in the day.
Ether (ETH), meanwhile, is up 4% over the same period in the $2,600s.
Crypto index provider CF Benchmarks projected that inflows into just BlackRock’s iShares Bitcoin Trust ETF could be as much as $3 billion on Thursday, marking record high demand for a newly launched ETF.
And that’s not even including the 10 other spot Bitcoin ETFs that also launched on Thursday.
While a successful spot Bitcoin ETF launch day has markets in a good mood, here are some of the top small cap crypto gainers on Thursday as per DEXTools.
Top Crypto Gainers on DEXTools
A newly launched shitcoin called TypeAI ($TYPE), which claims to simplify blockchain with text and voice commands, is one of the top crypto gainers on Thursday.
$TYPE is up 350% in the past 24 hours, as per DEXTools.
The latest pump has seen it hit a market cap of $1.77 million and reach liquidity of $225,000.
But the token has a 5% buy and sell tax, plus three other concerning aspects to its token contract.
A shitcoin called d/acc ($D/ACC) is attempting to stage a comeback after a long price decline.
As per DEXTools, it was last up 160% on the day.
$D/ACC has a market cap of just under $1 million, liquidity of around $157,000 and around 2,570 holders.
It has no transaction tax, but does have two smart contract alerts, as per DEXTools’ security audit.
Instrumental Finance ($STRM)
A shitcoin called Instrumental Finance ($STRM) that appeared to have pretty much died in 2023 is attempting to make a sudden comeback on Thursday.
$STRM was last up around 650%, as per DEXTools.
Still, its market cap is pretty tiny at only around $320,000, with $170,000 in liquidity.
As per DEXTools’ security audit, the token has no concerning aspects to its smart contract and is unlikely to 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.
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.
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