Altcoins
Here are your top crypto gainers today
Last updated: March 12, 2024 at 10:22 p.m. EDT | 3 minutes of reading
After a choppy day in the blue-chip crypto markets on March 12, which saw Bitcoin (BTC) hit new all-time highs (ATH) above $73,000 before falling as low as $68,000, the markets stabilize and traders turn to the chain. Shitcoin markets are looking for top crypto winners today.
Long-term profit-taking and liquidations saw BTC reverse sharply after new ATHs were printed above $73,000.
But Bitcoin has since rebounded sharply towards $72,000 and remains up 13% in seven days, according to CoinMarketCap.
Indeed, Bitcoin is up 47% in 30 days, propelled higher by a powerful wave of ETF demand.
The bulls remain in control and there remains an outside chance that the cryptocurrency could challenge $100,000 soon.
That’s because the hype around the April halving, which will halve The BTC inflation ratehas not yet reached its climax.
The prospect of rapid potential gains of 40% from here means that Bitcoin certainly ranks among the great cryptos to buy for short-term gains.
But some very risk-tolerant investors seek gains an order of magnitude greater.
Wins of 10 to 20x are possible in some corners of the altcoin market, if an investor is lucky.
But one place where it’s much more common to find cryptos pumping 10-20 times over a short period of time is in on-chain shitcoin markets.
On-chain markets refer to smart contract-based crypto tokens issued on top of blockchains like Ethereum And Solana and negotiated via decentralized exchanges.
There are virtually no barriers to creating a new shitcoin at any time.
On chain shit Markets are, unsurprisingly, highly illiquid and volatile.
Newly launched coins can easily grow 10x or even 100x in a day.
They can just as easily lose almost all their value in an instant.
Traders should also be warned that most shitcoins are either scams or pump and dump schemes.
Due diligence is crucial before getting involved in these risky markets.
That being said, here are some of the top earners in crypto today on DEXTools.
Top Crypto Gainers Today
Animax AI ($ANAI)
A just-launched “AI” use case shitcoin, called Animax AI ($ANAI), rose 6,000% on Tuesday, according to DEXTools.
This saw its market capitalization rise to just over $900,000, with 115 holders.
The token has $250,000 in locked liquidity, reducing the risk of an all-in pull.
That being said, the token could still be a scam.
According to DEXTools smart contract audit, Honeypot.io believes this to be a honeypot scam.
HubAI ($HUBAI)
Another just-launched “AI” shitcoin called HubAI ($HUBAI) has generated 2,800% in the last 24 hours, according to DEXTools.
The market cap of shitcoin was around $600,000 and the liquidity locked was around $220,000.
But there is disagreement among smart contract auditors over whether or not this is a honeypot scam.
Investors should be very careful to do their due diligence.
Pigeon park ($PGENZ)
A recently launched P2E gaming token called Pigeon Park ($PGENZ) is booming.
According to DEXToolsit increased by 550% in the last 24 hours.
Its market capitalization, meanwhile, stood at $2.27 million, with approximately $1.2 million in cash tied up.
Alternatives to Consider – Smog (SMOG)
Shitcoins are very risky. Most are either outright scams or, at the very least, pump-and-dump schemes designed to leave unsuspecting investors holding the bag.
A much better strategy is to look for more established meme coins that are already around but have yet to see a massive pump.
One of these meme coins is a recently launched Solana coin called Smog (SMOG).
Its price has multiplied by almost 6 since the end of February to reach a market capitalization of 170 million dollars, according to DEXTools.
The dragon-themed token touts itself as offering the largest Solana airdrop ever.
Traders can qualify for the airdrop by purchasing and holding SMOG on Solana, or staking the token on Ethereum.
Even though its market capitalization remains modest, SMOG already has a strong community.
Indeed, according to birdeye.soit already has nearly 100,000 holders.
Given all the excitement surrounding the Solana airdrops in recent monthsSMOG could generate significant interest in the coming weeks.
SMOG could offer at least 10x gains to investors, hence its ranking as one of the best crypto coins to buy now.
Traders should note that they can receive a 10% discount when purchasing SMOG directly through the project website.
They can also stake their tokens for an APY of 42%.
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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