Altcoins
Here are your top crypto gainers today
Last updated: April 29, 2024 at 10:34 p.m. EDT | 3 minutes of reading
As Bitcoin (BTC) retreats north of $64,000 in anticipation of the imminent launch of Bitcoin and Ether (ETH) spot ETFs in Hong Kong that could inject further bullish momentum into the crypto market, on-chain markets are warm and attract traders. in droves as they search for the top winners in crypto today.
A China AMC executive was convinced that that of Hong Kong the first day of broadcast could be better than that of the United States.
China AMC is confident that Hong Kong can surpass the US in Bitcoin ETF flow and volume on day one (which starts in a few hours). He also says other regions like Singapore and the Middle East could pursue ETFs, although the ban is confirmed for investments in mainland China. https://t.co/J2YwF9LMZU pic.twitter.com/TRXRNNthBC
– Eric Balchunas (@EricBalchunas) April 29, 2024
China AMC is one of the issuers of the new ETFs in Hong Kong.
Will this be enough to radically change the discourse on Bitcoin And Ether that remains to be seen.
Bitcoin remains stuck near the midpoint of its multi-month range of $60,000 to $74,000.
Ethermeanwhile, remains stuck in a gradual downtrend from its March highs.
Macro currently remains a hurdle for crypto. Recent data from the United States showed weaker growth than expectedbut inflation higher than expected.
This is a bad combination for risky assets and complicates the Fed’s rate cut prospects.
Indeed, dwindling bets on rate cuts have been one of the reasons major cryptocurrencies have lost their bullish momentum in recent weeks.
While blue-chip cryptocurrencies will likely continue to trade with a lack of momentum, on-chain markets are becoming more attractive.
This is because on-chain markets are very illiquid and volatile. Traders can quickly lose everything.
But just as quickly, if they are smart/lucky, traders can earn a small fortune.
On-chain markets refer to tokens issued directly on-chain.
Most are scams and pumps and dumps. But hidden in the mountain of excrement, traders can sometimes come across gems and pocket big winnings.
Here are some of the top crypto gainers today that traders will be watching, according to DEX Monitoring. DEXScreener.
Top Crypto Gainers Today
Three Protocol Token (THREE)
An overly complicated and hard to understand AI shitcoin called Three Protocol Token (THREE) has been booming since its launch on Monday.
It has increased by more than 280,000% in the last 24 hours, according to DEXScreenerwith a market capitalization of $15 million.
The token has around $570,000 in locked liquidity.
Liquidity blocked!
Liquidity on UniSwap for THREE $ the token has just been locked for 18 months on @UNCX_token
Locker: https://t.co/NyNlMPJ3Cf
Trade THREE $ in complete confidence : https://t.co/dHyZhuiDfX pic.twitter.com/pA46L7kyN0
– Three Protocols – Jobs3 (@ThreeProtocol) April 29, 2024
But that doesn’t mean the token won’t be a scam or scam. Indeed, its smart contract has three concerning aspects, including a 100% sales tax.
BNDR ($SWIPES)
The BNDR project discovery app ($SWIPES) had a good first day of trading on Monday.
🧠Some figures🧠
Within 3 hours $Swipes has reached:
✅ +$1,500,000 in volume
✅ +250 HoldersDiscover your next project, in just a few moments $Swipes pic.twitter.com/25rWPcwhZI
– Bndr.ai (@Bndr_AI_) April 29, 2024
According to DEXScreenerit already has a market cap of $26.6 million and $560,000 in cash tied up.
🔒 Liquidity successfully locked!
🚀 This decision demonstrates our commitment to transparency and building a solid foundation for $Swipes
🔗 Blocked liquidity: https://t.co/oZYq61hDXr pic.twitter.com/pMcC9nsb3D
– Bndr.ai (@Bndr_AI_) April 30, 2024
Over 300 unique wallets have already traded the token, which has already generated over $1.6 million in 24-hour trading volume.
But the token has seven concerning issues with its smart contract, according to Go+ Security. This could easily be a very sophisticated and well executed pump and dump system.
America (AMERICA)
A new US-based coin has seen a 13,000% rise since its launch, according to DEXScreener.
Its last market cap was around $660,000, with $85,000 of cash tied up.
The meme coin does not appear to have any major issues when it comes to smart contracts and liquidity is locked.
That being said, this token has no clear purpose and is likely just a simple pump and dump. Traders who buy this token could quickly lose everything.
Alternatives to Consider – Crypto Presales
Investing in on-chain markets carries many risks.
An often overlooked but often profitable alternative crypto investment strategy is to invest in pre-sales.
Future web3 projects are often carried out ICO in order to raise funds for the development of the project.
To attract early interest/investors for their project, they usually sell these tokens at a very low market capitalization.
This offers pre-sale investors the opportunity to make big gains.
With so many projects vying for investor funding, it can be difficult to know where to start.
Fortunately, Cryptonews.com analysts spend a lot of time scouring the altcoin market for projects with high potential.
Here are some of their favorite picks on the market right now.
21 Best Crypto Presale Projects for April 2024
You can also check out Cryptonews analyst Crypto Arjay’s top picks in the video below.
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.