Altcoins
Here are your top crypto gainers today
Last Updated: March 5, 2024 8:23 PM EST | 2 minutes of reading
As blue-chip crypto markets experience profit-taking following Bitcoin hitting new all-time highs above $69,000, traders looking to make a quick profit are flocking to on-chain shitcoin markets today to top crypto gainers, with dozens of new tokens still enjoying big pumps.
Bitcoin briefly rose above $69,000 for the first time on Tuesday.
Profit-taking and then a wave of long liquidations briefly drove the price down to $60,000.
The price has since rallied back to near $64,000, still down about 7% for the session.
Activity in the ETF market was strong again on Tuesday.
BlackRock IBIT recorded $3.76 billion in trading volume that day, according to barchart.comthe fourth highest number of all ETFs.
Meanwhile, Fidelity saw its largest capital inflows on record. Monday.
A return to record highs in the coming sessions therefore seems very likely.
But in the meantime, highly risk-tolerant traders will continue to look for the top crypto winners today in the shit walk.
Here are some of the best performing Ethereum-based coins, according to DEXTools.
AISora ($AISora)
A shitcoin called AISora ($AISora) is up 77,000% in the last 24 hours, according to DEXTools.
The token managed to reach a market capitalization of almost $2.5 million.
But traders need to be very careful with this coin.
Its price action on the chart looks strange.
And, according to Honeypot.is, the token could be a honeypot scam.
It is essential that when entering the shitcoin markets, traders always do their due diligence.
Sparko ($SPARKO)
A meme coin called Sparko ($SPARKO) rose 440% in 24 hours, according to DEXToolsmaking it one of the top crypto gainers today.
Its market cap is still tiny, at just over $500,000, with liquidity of around $140,000.
It remains to be seen how far this pump can go.
Traders should be very careful with this coin, even though it has been around for a while.
Its smart contract has three concerning aspects, according to DEXTools.
Super Best Friends ($SUBF)
A shitcoin called Super Best Friends ($SUBF) rose 500% in 24 hours according to DEXTools.
This makes it one of the top gainers in crypto today, with a market cap of around $1.5 million.
The shitcoin also has partially locked liquidity of around $230,000 and now has over 120 holders.
Although this coin does not appear to be a scam, zero risk does not exist in the shitcoin market.
Even though they are not honeypot scams containing malicious code, most of the plays are pump and dump schemes.
Crypto Alternatives to Consider
Investing in low-cap shitcoins is a very risky strategy.
A seemingly innocent project could easily turn out to 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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