Here are your top crypto gainers today on DEXScreener

Last updated: May 1, 2024 at 7:34 p.m. EDT | 2 minutes of reading

Traders today are turning to tools like DEXScreener to find top crypto gainers on on-chain markets / Source: Cryptonews

Following the latest cryptocurrency market plunge, which saw Bitcoin (BTC) convincingly fall below $60,000 for the first time since late February, traders are turning to on-chain markets as They’re looking for the top winners in crypto today.

Bitcoin was last trading around $57,000 as traders digest the Fed’s latest policy announcement. Negative ETF flows are also on their radar, with Bitcoin ETF after seeing capital outflows for five consecutive days.

According to The Block, US ETFs have seen outflows for five consecutive days.

Most altcoins are also in the red. This encourages traders looking to make quick profits to turn to volatile and unpredictable on-chain markets.

On-chain markets refer to the market for assets that have been issued and traded directly on the blockchain.

Dozens of new tokens are launched every day. Most are pump and dump systems or scams. But there are a few gems yet to be discovered, which could offer an early investor quick gains of 10x or even 100x.

Traders often refer to tools like DEXScreener to locate trends and pump coins.

That being said, here are some of the top gainers in crypto today on Ethereumaccording to DEXScreener.

Top Crypto Gainers Today

AITaxBot (AITAX)

A newly launched crypto called AITaxBot (AITAX) is up 1,800% on Wednesday, according to DEXScreener.

The shitcoin last had a market cap of $370,000, with $130,000 of liquidity locked in, with volumes so far of $520,000.

The token has four concerning aspects in relation to its smart contract, according to Go+ Security. Investors should be careful.

America (AMERICA)

A meme coin called America (AMERICA) that launched three days ago continues to rise.

It is up 220% in the last 24 hours, with a market cap of $5.1 million according to DEXScreener. It also has a solid $260,000 in locked-in liquidity.

The meme coin caused a frenzy of donations to American veterans.

Donations to good causes are an interesting and laudable marketing strategy for a coin.

This might explain why AMERICA keeps pumping. Hopefully this creates a trend.

The token has two smart contract issues, according to Go+ Security.

Book of Ethereum (BOOE)

A meme coin called Book of Ethereum (BOOE) challenged its records on Wednesday after intraday gains of 50%.

What according to DEXScreenerwhich places its market capitalization at $3.3 million and its liquidity at $270,000.

BOOE has no issues with its smart contract and does not appear to be a scam. That being said, investors should always do their due diligence and remember that the vast majority of newly launched coins do not retain value over the long term.

Alternative Investment Strategy to Consider – Pre-Sales

If traders can reliably identify altcoin gemsthey can earn a lot of money.

But the neglected strategy of investing in pre-sales can potentially yield even higher gains if done correctly.

Web3 projects/protocols often sell their native tokens at a discount to early investors to fund development.

If investors can reliably identify projects that, thanks to their strong vision, use case and competent team, eventually gain traction in the market, they can make big profits.

Knowing where to start is one of the biggest barriers to entering the dreaded pre-sale market.

That’s why Cryptonews has put together a list of its top picks.

20 Best Crypto Presales to Invest in

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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