Here are your top gainers in crypto today, according to DEXScreener

Last updated: April 19, 2024, 7:00 p.m. EDT | 3 minutes of reading

With Bitcoin (BTC) sitting just above the $64,000 level, the issuance rate halving in a few hours, and most other major altcoins trading with little momentum, traders are are turning to on-chain crypto market monitoring tools like DEXScreener as they chase the top. crypto winners today.

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, cashes out, and abandons 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 being said, let’s take a look at some of the top crypto gainers today in on-chain markets.

Top Crypto Gainers Today

RunesBot (RBOT)

The newly launched Ethereum token RunesBot (RBOT) is up almost 26,000% in the last 24 hours, according to DEXScreener.

RunesBot is a telegram trading bot designed to run on the soon-to-launch Runes ecosystem.

The token’s market cap was around $1.8 million, with just over $200,000 of liquidity locked up.

Although it appears to be a legitimate project, RBOT has some concerning aspects in relation to its smart contract.

Transfers are suspended and there is a 5% buying and selling tax.

Traders should always exercise caution before getting involved in the on-chain market.

BitRunes (BRUNES)

Another token linked to the Runes protocol called BitRunes (BRUNES) is booming on Friday.

According to DEXScreener, it was the last up 150,000% in the last 24 hours with a market capitalization of $9.5 million.

BitRunes allows users to link their Ethereum funds to the Bitcoin network via the Rune Launchpad.

The token last had $520,000 in locked liquidity and saw 24-hour trading volumes of $4.5 million.

Like RBOT, this looks like a legit project. But like RBOT, its smart contract has some concerning aspects.

BitRunes has an editable fee and transfers are suspended. Additionally, ownership of the token has not yet been relinquished.

Extraterrestrial King (ALK)

A grassroots coin called Alien King (ALK) has risen sharply since its launch on Friday.

According to DEXScreener, ALK was last up 11,500% in the last 24 hours, with the market cap reaching $1 million.

The token has locked in liquidity of $244,000 and has seen a volume of over $13.3 million so far.

According to Go+ Security, the token does not have any smart contract issues. But that doesn’t mean it’s not a pump and dump. Traders should always be careful and do their own research.

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 and 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

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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