Altcoins
Top Crypto Gainers Today on DEXTools – ASTX, JOE, ASEA
Last Updated: February 13, 2024 6:02 PM EST | 3 minutes of reading
Following the unexpected rise in US CPI data on Tuesday, the cryptocurrency market experienced a slowdown, leading to less optimism regarding possible rate cuts from the Federal Reserve. This shift has prompted investors, especially those looking for quick wins, to turn to lesser-known coins, often colloquially called meme coins or lower-value cryptocurrencies, in search of today’s top crypto winners ‘today.
Bitcoin saw its price drop to around $48,700, down about 3% from its two-year high earlier today, which was near $50,400.
Ether also saw a slowdown, falling almost 2%, while still managing to stay above the $2,600 threshold.
Other major cryptocurrencies including Solana, XRP, Cardano, Avalanche and Dogecoin showed minimal changes, with fluctuations ranging from a slight increase to a 4% decrease over the past day, according to CoinMarketCap data.
Despite the recent decline, the outlook for Bitcoin and similar major cryptocurrencies is optimistic, largely due to continued interest in spot Bitcoin ETF products. It is remarkable that inflows into these products exceeded $400 million for three consecutive days, based on information from Farside.
Given this dynamic, even though the recent drop in Bitcoin price may be short-lived, investing in micro-cap cryptocurrencies, often referred to as coinscould potentially generate faster returns.
Small Cap Cryptocurrencies are almost always dynamic and almost always take on the role of the biggest crypto winners each day.
This is because their low level of liquidity means that relatively low buying pressure can easily lead to rapid exponential gains.
Even though blue-chip cryptocurrencies can offer good upside prospects, traders looking to make quick profits typically turn to small-cap markets.
That being said, here are some of the top gainers in crypto today on Web3 most famous decentralized exchange (DEX) tool DEXTools.
Top Crypto Gainers Today
Asterix ($ASTX)
A shitcoin called Asterix ($ASTX) that seems to be generating buzz around the new type of ERC-404 is pumping today.
Up over 80,000% in 24 hours, $ASTX is DEXTools’ top crypto gainer today.
The token’s market capitalization stood at $17.5 million with locked liquidity of over $900,000.
Investors should be very careful with this token, however.
It has four smart contract alerts according to the DEXTools Smart Contract Audit.
It’s also worth noting that shitcoins that post 24-hour gains as strong as $ATRX are normally scams.
Joe Coin ($JOE)
A shitcoin called Joe Coin ($JOE) is up about 250% on Tuesday, making it one of the top gainers in crypto today.
According to DEXToolsits market capitalization was approximately $3.2 million.
Its last liquidity was just under $600,000 and had over 5,400 holders.
It has a high DEXTscore of 99/99 but has three smart contract alerts.
Investors should remember to always be careful with low-cap coins, no matter how innocent they may be.
Aléa ($ALEA)
A token called Alea ($ALEA) has been pumped lately.
According to DEXToolsit increased by around 180% in 24 hours.
This makes it one of the top gainers in crypto today, with a market cap of around $3.4 million.
The token has $260,000 in locked liquidity and just over 450 holders.
It also has six smart contract alerts, so investors should be careful as it could be a scam.
Crypto Alternatives to Consider
Investing in small-cap cryptocurrencies can be a double-edged sword, promising substantial returns but also posing significant risks.
For investors eager to explore potentially profitable avenues, despite the challenges, dive into crypto presales can be an exciting option. During these early stages, backers purchase tokens from nascent crypto companies, providing crucial support for their initial phases.
Typically, the price of these tokens is attractive and history is full of cases where early believers reaped huge rewards from their presale projects.
Behind many of these projects are exceptional teams, driven by the ambition to develop unique applications or platforms in the crypto market.
For those who know how to spot these promising projects early, the balance between risk and potential gains from pre-sale investments seems very favorable.
Dedicated to guiding investors through this maze, the Cryptonews team invests considerable effort in reviewing pre-sale opportunities.
Here’s a compilation of 15 presales they think represent the best crypto presales of 2023:
See the 15 cryptocurrencies in presale
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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