Here are your top crypto gainers today

Last updated: April 22, 2024 at 6:59 p.m. EDT | 3 minutes of reading

Major cryptocurrencies are rallying at the start of the week, with Bitcoin back above $66,000, and traders looking for quick exponential gains are turning to on-chain micro-cap markets as they seek top crypto earners today.

Traditional assets such as stocks stabilized on Monday as traders await the release of key US inflation data on Friday. The SPX has rebounded above 5,000, the DXY is moving sideways around 106 and 10-year yields are stable near 4.6%.

The stabilization of the macroeconomic context has enabled Bitcoin and major altcoins to continue their positive momentum after the halving.

Assuming that the macroeconomic situation does not become a major obstacle again in the short term for the markets, BTC could soon return to its recent highs.

Even though the near-term outlook for blue-chip cryptocurrencies is strong, traders looking for quick wins will still turn to on-chain markets.

What are on-chain markets?

On-chain markets refer to crypto assets issued and traded directly on the blockchain. Ethereum, SolanaAnd BNB are the chains most commonly used by those who issue or trade tokens on-chain.

These on-chain markets are highly illiquid compared to centralized spot markets. cryptocurrency exchanges or traditional financial markets.

This makes them very volatile. A newly launched coin can easily record 100x gains in a matter of days as its market cap grows from tens of thousands to millions.

Likewise, a little selling pressure can trigger huge price drops. And that’s not the only risk.

There is virtually no barrier to entry for a person to issue their own token. That means scammers flock to on-chain crypto markets to try to scam unwitting investors.

They can do this by inserting malicious code into the token. smart contract creating unfair trading conditions.

Alternatively, the token could be a pump and dump scheme. This is where the team behind a token creates artificial hype to create demand, cash out, and abandon ship.

A popular technique is for the issuer of a token to watch the ETH in the token’s liquidity pool rise as the price of the token rises, only to abruptly withdraw and run away with that ETH.

This is why many on-chain investors seek “locked liquidity”, which prevents such carpet pulling attempts.

With that said, today let’s take a look at some of the top crypto gainers on the Ethereum on-chain market.

Top Crypto Gainers Today

Remote AI (REM)

A new AI shitcoin called RemoteAI (REM) has inflated to 40,000% since launch Monday, according to DEXScreener.

The token last had a market capitalization of around $3.4 million, with a 24-hour trading volume of $425,000.

Traders should be very careful about this shitcoin. According to Go+ Security, its smart contract has six concerning aspects, including suspended transfers and an editable tax.

Trader (MERCHANT)

A shitcoin called The trader is also up almost 40,000% in 24 hours, according to DEXScreener.

The token’s market cap stood at $2.3 million, with $250,000 in locked liquidity and $1.2 million in 24-hour trading volumes.

Traders should be careful regarding this token. According to Go+ Security, its smart contract has only one aspect of concern.

But most DEXScreener users voted using the red flag emoji. The community clearly sees this token as a shitcoin.

Predicting Crypto (PRAI)

Another AI shitcoin called Predict Crypto (PRAI) is up almost 50,000% Monday.

DEXScreener estimates its market capitalization at $5.4 million, with just over $400,000 in cash tied up.

The token is subject to a 5% buying and selling tax which is changeable, and ownership has not been relinquished. This could easily be a scam, so potential investors should be very careful.

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 19 of the pre-sale projects with the greatest potential.

See the 19 cryptocurrencies

You can also watch this video from Cryptonews’ Crypto Arjay, who reviews his top three presales.

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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