Altcoins
Top Crypto Gainers Today on DEXScreener – PIPI, PNUT, FAP
Last updated: March 20, 2024, 7:17 p.m. EDT | 2 minutes of reading
As crypto markets explode following a more dovish than expected policy announcement from the Fed, with Bitcoin (ETH) and Ether (ETH) rebounding 11% and 14% from intraday lows to nearly $68,000 and $3,500, traders are looking for top crypto gainers. today, investors are flocking to on-chain markets.
On-chain markets refer to the market for digital assets that have been issued directly on an existing blockchain.
For example, the Shiba Inu (SHIB) the token is issued on Ethereum like a ERC-20 token.
These tokens can then be traded on decentralized exchanges (DEX), and perhaps also on centralized exchanges if they become large enough.
They are often called piece of money (or shitcoin) because virtually anyone can issue a token at any time.
As a result, these on-chain markets are full of scams and pump and dump systems.
But shit markets are the only place to find tokens capable of bouncing in the 50-100x region.
Here are some of the top crypto gainers today on Solana that traders will be watching, according to DEXScreener.
Top Crypto Gainers Today
PIPI ($PIPI)
A Solana-based Pepe alternative called PIPI ($PIPI) leads the top crypto gainers on Wednesday.
PIPI last increased by more than 65,000% in the last 24 hours, according to DEXScreener. PIPI’s market capitalization was around $4.0 million, with almost $2.9 million in 24-hour trading volume.
The meme coin has over $220,000 in liquidity locked up, a good sign that its issuer isn’t planning to pull the rug out.
But there is no such thing as zero risk investing in crypto, especially in this shitcoin space.
PNUT ($PNUT)
Another coin called PNUT ($PNUT), a pun on the word peanut, is being launched on Wednesday.
PNUT claims to be a squirrel resembling Pepe and is also based on Solana.
PNUT last rose approximately 88,000% in 24 hours, reaching a market cap of $7.6 million.
It depends DEXScreenerwhich puts its 24-hour trading volumes at an impressive $3.2 million.
The token has locked in liquidity of around $330,000. Again, this is a good sign that the developer isn’t planning to pull a rug.
FAP ($FAP)
FAP ($FAP), another Solana-based coin that appears to be based on the theme of a man being sexually pleased, is booming on Wednesday.
According to DEXScreener, FAP is up 500% in 24 hours, bringing its market capitalization to $4.1 million. Nearly $20 million worth of tokens changed hands in the last 24 hours, approximately 5 times the token’s market capitalization.
The token has $1.6 million in locked liquidity, a good sign that this is not a coin toss.
But, again, that doesn’t mean that FAP isn’t just another pump and dump scheme, like so many meme coins before it.
Crypto Alternatives to Consider
Investing in low-cap shitcoins is a very risky strategy.
An innocent-looking project could easily turn out to 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.