Altcoins
Top Crypto Gainers Today on DEXScreener – HashAI, SOLIDX, SUSAN
Last updated: April 2, 2024 at 6:10 p.m. EDT | 3 minutes of reading
As blue-chip crypto markets fade on Tuesday, traders looking for top crypto winners are flocking to on-chain shitcoin/meme coin markets today in hopes of scoring quick gains of 10x.
Bitcoin (BTC) and Ether (ETH) are both down around 5% in 24 hours as markets fade in the face of macroeconomic headwinds.
Strong US manufacturing data on Monday was interpreted by the market as likely to delay the Fed’s rate cut.
The US dollar and US bond yields have since climbed, putting pressure on US stocks and the crypto market.
Bitcoin was last trading near $66,000, after falling as low as $64,000 earlier in the day. The US government transferred $2.1 billion of its confiscated assets Silk Road Bitcoin at Coinbase earlier, triggering the jitters of a fire sale.
Ether, meanwhile, was last trading just below $3,300.
Rather than jumping into the bear market of star stocks, many would prefer to bet on the newly launched shitcoins.
On-chain markets refer to the market for digital assets issued directly on an existing blockchain.
For example, the Shiba Inu Token (SHIB) is issued on Ethereum as an ERC-20 token.
These tokens can then be exchanged on decentralized exchanges (DEX) and perhaps on centralized exchanges if they become large enough.
They are often called piece of money (or shitcoin) and virtually anyone can issue a token at any time.
Consequently, these blockchain marketplaces are full of scams and pump and dump systems.
But shitcoin markets are the only place to find tokens that can rally in the 50-100x region.
Here are some of the top crypto gainers today on various blockchains that traders will be watching, according to DEXScreener.
Top Crypto Gainers Today
HashAI (HashAI)
A just-launched supposedly AI shitcoin called HashAI (HashAI) is up 1,000,000% in 24 hours, according to DEXScreener.
The token launched by Ethereum has a market capitalization of around $94 million.
Its liquidity pool, meanwhile, has $1.9 million, which has been blocked.
24-hour volumes stand at $17 million, with over 3,000 unique wallets having traded the token.
These are very impressive numbers. But traders should be wary.
DEXScreener’s smart contract audit reveals seven issues with the token’s smart contract.
These include the fact that the 5% purchase and sales tax is changeable. In addition, ownership has not been relinquished and there is a trade cooling function.
It is crucial that shitcoin investors always do their due diligence before investing.
Otherwise, they could easily fall prey to a scam or rug pull.
SOLIDX (SOLIDX)
A recently launched shitcoin called SOLIDX (SOLIDX) is also up 1,000,000% in 24 hours, according to DEXScreener.
The coin launched by PulseChain last had a market capitalization of $227 million.
Despite this high valuation, the 24-hour trading volume only reached $2.5 million. Additionally, it only has a relatively small cash pool of $400,000.
Quick Intel audit of its smart contract reveals no issues of concern.
Potential investors should, however, be very careful.
Suzanne (SUSAN)
A new Solana meme piece called Susan (SUSAN) is up 227,000% since its launch on Tuesday, according to DEXScreener.
A trading volume of $9.5 million brought the token’s market capitalization to $2.8 million. The token also locked up $120,000 in liquidity.
Traders should be very careful while investing in this coin as it could easily be a scam or scam.
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 14 of the pre-sale projects with the greatest potential.
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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