Altcoins
Biggest Crypto Gainers Today on Uniswap – XTP, DOGE-1, BARL
Source: AdobeStock
$XTP, $DOGE-1 and $BARL are the biggest crypto gainers today on Uniswap as the broader cryptocurrency market recovers amid waning pessimism over Bitcoin ETF post-spot approval , selling pressure from major market players such as Grayscale.
According to Grayscale websiteThe Grayscale Bitcoin Trust (GBTC) lost just over 6,000 BTC on Monday.
It’s the lowest daily flow since the trust transformed into an ETF earlier this month and succumbed to massive profit-taking.
Bitcoin was thus pushed back above $43,000 on Monday, up more than 3% over the last 24 hours.
Optimism about Google gives the green light to crypto ETF ads and the strong recent performance of the US stock market are probably also useful.
Other major cryptocurrencies are also mostly in the green.
Ether (ETH) rose 2% in the last 24 hours, according to CoinMarketCap.
Solana (SOL) is up 6.5%, XRP (XRP) is up 2.2% and Cardano (ADA) up 7.0%.
But these daily gains are minimal compared to the gains that can be witnessed in the small-cap crypto market.
This is because their low level of liquidity means that relatively low buying pressure can easily lead to rapid exponential gains.
Even though blue-chip cryptocurrencies can offer good upside prospects, traders looking to make quick profits typically turn to small-cap markets.
Here are some of the biggest crypto gainers today on Uniswap.
The biggest crypto gainers today on Uniswap
Doge 1 Satellite Mission ($DOGE-1)
A meme coin called Satellite Doge 1 Mission ($DOGE-1) is up 70% on Monday, according to Uniswap.
According to DEXToolsThe meme coin is poised to return to its late December all-time highs above $0.016.
Last seen at $0.01070, the token’s market cap was just over $10 million.
It has over $500,000 in locked liquidity and nearly 5,500 holders.
$DOGE-1 has been around for a while now, so it is unlikely to be a rug pull or a scam.
But investors should still do their due diligence.
Barley Financing ($BARL)
Volatility farming protocol Barley Finance ($BARL) pumped nearly 40% on Monday, according to Uniswap.
Its market cap was around $2.3 million, with just over $800,000 in cash and over $1,000.
It depends DEXToolswhich gives the token a DEXTscore of 99/99 and identifies no smart contract issues.
Cell Frame ($CELL)
Layer 1 blockchain protocol focused on “quantum-resistant” cross-chain transfer Cellframe ($CELL) pumped nearly 60% on Monday.
It depends Uniswapwhich pegs its market capitalization at just over $10 million.
The latest pump saw $CELL reach its highest levels since February 2023 on Monday, near $0.40 per token.
According to DEXTools, the token has a liquidity of around $275,000 and just over 9,000 holders.
Having been around for a very long time now, $CELL is unlikely to be a fraudulent token.
Crypto Alternatives to Consider
Small-cap coins can offer huge potential returns, but also carry a lot of risk.
For those looking for a greater likelihood of short-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 new crypto projects to help fund their development.
These tokens are almost always sold cheaply, and there is a long history of presales offering huge exponential gains to early investors.
Many of these projects have fantastic teams and a great vision behind them to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward ratio of their pre-sale investment is very good.
The Cryptonews team spends a lot of time going through pre-sale projects to help investors.
Here is a list of 15 of what the project considers to be the best crypto presales of 2023.
Warning: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose your entire capital.
Fuente