Top Crypto Gainers Today on DEXTools – 420, WOPE, PEP

Last updated: April 12, 2024, 7:29 p.m. EDT | 3 minutes of reading

Top Crypto Gainers Today on DEXTools – 420, WOPE, PEP / Source: Cryptonews

At a time when cryptocurrency markets were rocked by geopolitical tensions in the Middle East and most major altcoins posted declines of more than 10% in the past 24 hours, traders flocked to the markets of shitcoin on-chain to find the best crypto winners today.

Israel prepares for a counterattack of Iran after recently eliminating the IRGC military leaders in Syria. Reports were released on Friday that The United States is moving its warships to prepare to defend Israel.

Tensions have been high in the Middle East since Hamas’ attack on Israel on October 7 and Israel’s devastating counterattack on Gaza.

Bitcoin was a relative safe haven compared to most of the market, falling just 4.5% to $67,000. That only leaves it down about 9% from its recent highs near $74,000.

With Bitcoin Increasingly seen as a form of digital gold, it could even recover if tensions between Iran, Israel and the United States increase further.

But with the reduce by half on the corner of the street and Fed rate cut bets fadeinvestors may remain reluctant to invest.

They might instead look for opportunities in the highly illiquid and volatile on-chain sector. shit markets.

On-chain markets refer to the market for tokens issued directly on blockchains like Ethereum And Solana. The name “shitcoin” refers to the fact that most of these tokens are scams, pumps and dumps, or lack any real utility.

But on-chain shitcoin markets are also one of the only places where traders can get gains of 10x or more in less than 24 hours.

Here are the top crypto gainers today on Ethereum that traders will be watching, according to DEXTools.

As a reminder, potential investors should always do their own research on tokens and never risk more than they can afford to lose.

Top Crypto Gainers Today

42 times 10 (420)

A newly launched coin, called 42 times 10 (420), is up 1,750% on Friday, according to DEXTools.

Despite these significant gains, the token’s market cap was around $150,000, with only around $40,000 in liquidity.

The token also has even less than 100 holders and only saw $28,000 in trading volume in the last 24 hours.

According to the DEXTools smart contract audit, the token has three concerning aspects in relation to its smart contract. Traders should be very careful with this highly illiquid shitcoin.

WojakPepe (WOPE)

A new hybrid version of the Pepe and Wojak meme coins called WojakPepe (WOPE) is up 550% on Friday.

It depends DEXToolswhich estimates the token’s market capitalization at $1 million and its liquidity at $100,000.

The latest token had just over 550 holders and 24-hour trading volumes of $6.2 million. Not bad for a first day of trading.

That being said, the token has two concerning aspects in relation to its smart contract, according to DEXTools.

The utility of the token is also unclear. Therefore, traders should be very careful with this shitcoin.

pepcoin (PEP)

A new coin claimed to be “Pepe’s late cousin,” called pepcoin (PEP), is up 1,150% on Friday.

But, according to DEXToolsits market capitalization was only around $60,000 with $25,000 in liquidity and 220 holders.

This means that a very small sales volume could trigger a huge price drop. Traders should be very careful when dealing with such an illiquid coin.

A better way to make quick wins

Shitcoins offer the prospect of quick profits, but are very risky. This is not only due to their lack of liquidity and volatility. This is also because most are scams or pump and dump schemes.

A potentially much better way to make quick exponential gains in crypto is to invest in crypto presales.

Future web3 projects often sell their native token at a deep discount to early investors to fund development.

If crypto investors can identify projects with a great use case, vision, and capable team, they may be able to trade their presale tokens for a significant premium at a later date, assuming the project gains traction. ground.

But with so many presales vying to attract investor funds, it can be difficult to know where to look first.

Fortunately, Cryptonews analysts spend a lot of time scouring the presale market for promising projects.

Here are their 18 favorite presales of the moment.

See all 18 Crypto Presales

You can also watch this video from Crypto Arjay of Cryptonews who discusses some of the best presales around.

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