Altcoins
Here are the top crypto gainers today on DEXScreener
Last updated: April 9, 2024 at 10:18 p.m. EDT | 2 minutes of reading
After a bearish day of prices among blue-chip cryptocurrencies, traders looking to make a quick profit are flocking to on-chain micro-cap markets in droves as they hunt for the top crypto gainers today.
Bitcoin (BTC) fell back from Monday’s highs near $73,000 to below $69,000 by late trading on Tuesday.
Profit-taking as Bitcoin tested the upper limits of its recent multi-week range appeared to be in play.
With the CPI coming out later this week and the reduce by half in 11 days, traders appear to lack the conviction to push the price of BTC above $70,000.
Other major altcoins also fell alongside BTC on Tuesday. Ether was down 5.5% for the last time in 24 hours, while Solana (SOL) was down 4.6%.
As major cryptos trade lower, traders have instead turned to the highly illiquid chain. micro-cap markets.
Web3 projects and protocols frequently launch tokens at a deep discount, allowing investors to get in early.
Thanks to their low liquidity and low market capitalization, new coins can often generate gains 10x or more in 24 hours.
Of course, on-chain markets are full of fraudulent tokens and rug pulls – anyone can spin a token, meaning there is little to no barrier for scammers to create tokens .
It is essential that investors always conduct due diligence before investing in tokens or projects.
That being said, here are some of the top crypto gainers today that traders will be watching, according to DEXScreener.
Top Crypto Gainers Today
Brick block (BRIDGEBLOCK)
Real estate tokenization token Brick Block (BRIDGEBLOCK) is up 150,000% in the last 24 hours.
What according to DEXScreener, which estimates its market capitalization at $8 million. The token recorded a 24-hour trading volume of $2.8 million and liquidity of $425,000.
But traders need to be careful. Go+ Security identified three issues with the token’s smart contract.
Bridge of Runes (RB)
The just-launched cross-blockchain bridging protocol, RunesBridge (RB), has made strong progress since its launch on Tuesday.
Its market capitalization stood at $7.5 million, according to DEXScreenerwhich puts its liquidity at $650,000.
The token has five concerning issues, according to Go+ Security. This includes the fact that ownership of the token has not yet been relinquished and transfers remain suspended.
RB could easily be a scam, so traders should be careful.
EARTH WOLF (EARTH WOLF)
A new meme coin launched last week called LANDWOLF (LANDWOLF) is up over 1,150% in the last 24 hours.
According to DEXScreener, its market capitalization was around $4.3 million, with $282,000 in cash tied up.
Crypto Alternatives to Consider
Investing in low-cap shitcoins is a very risky strategy.
An innocent-looking project could easily be a scam, and a few large sell orders could easily drop the price by 80%.
A strategy that is still risky, but arguably offers a better risk-reward ratio is get involved in crypto presales.
The idea is that investors get tokens from promising, high-potential crypto projects/protocols at a discounted anticipated price.
These projects then put these funds to use, financing the development and commercialization of the protocol.
Although many things can go wrong when investing in cryptocurrency presales (unforeseen circumstances can prevent a project from realizing its vision), savvy presale investors routinely achieve gains of 10x or more.
With hundreds of pre-sale projects vying for investor funds, Cryptonews analysts have been combing the market.
Here are 14 of the pre-sale projects with the greatest potential.
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.
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