Altcoins
Top Crypto Gainers Today on DEXTools – LOONG, BABYDOGE, MOROS
Last Updated: February 8, 2024 11:22 AM EST | 3 minutes of reading
Crypto markets are booming on Thursday, with Bitcoin (BTC) and Ether (ETH) both at multi-week highs, although crypto degens looking for top crypto gainers today will continue to Turn to tools like DEXTools to find low-cap gems.
Bitcoin is back in the $45,000s and Ether is back in the $2,400s as cryptocurrencies benefit from a number of tailwinds.
US stocks hit new records and Fed policymakers continue to talk about rate cuts Later this year.
This gives the market macroeconomic tailwinds, while Bitcoin also benefits from GBTC selling pressure decreasing.
BTC could also benefit from safe-haven demand due to concerns over the health of regional US banks.
Ether, meanwhile, is enjoying a tailwind from optimism about a near-term mainnet upgrade and news that one-time ETF seekers have recently changed their deposits.
After successful Testnet upgrades, Ethereum developers will deploy the Dencun upgrade on the mainnet on March 13.
ARK 21Modified actions their spot Ethereum ETF to a liquidity creation model more similar to their recently approved Bitcoin ETF.
This suggests potential coordination with SEC officials, which could be interpreted to imply a high probability that their ETF will gain approval.
While BTC and ETH are up 3-5% in the last 24 hours, that’s nothing compared to major crypto gainers today. Web3 most famous decentralized exchange (DEX) tool DEXTools.
Small Cap Cryptocurrencies are almost always dynamic and almost always take on the role of the biggest crypto winners each day.
This is because their low level of liquidity means that relatively low buying pressure can easily lead to rapid exponential gains.
Even though blue-chip cryptocurrencies can offer good upside prospects, traders looking to make quick profits typically turn to small-cap markets.
That being said, here are some of the top gainers in crypto today.
Top Crypto Gainers Today
Loong ($LOONG)
Chinese dragon-themed token Loong ($LOONG) just experienced a sudden surge to new all-time highs.
Gains of more than 5,600% in 24 hours according to DEXTools this means he is one of the top gainers in crypto today.
$LOONG last had a market cap of $1.75 million and liquidity of around $100,000.
But the token could easily be a scam given the nine smart contract alerts identified by DEXTools.
BabyDoge ($BABYDOGE)
A new copycat version of the popular BabyDoge coin called BabyDoge ($BabyDoge) has just launched on Ethereum.
According to DEXToolsit was last up more than 1,700%, pushing its market cap to over $600,000.
It last had liquidity of just over $200,000 and nearly 350 holders.
Its high DEXTscore of 96/99 and no smart contract alerts suggest it is unlikely to be a scam.
But investors should always be careful with low-cap coins, no matter how innocent they may be.
MOROS NET ($MOROS)
A token called MOROS NET ($MOROS) has been pumping lately.
According to DEXToolsit increased by around 130% in 24 hours.
This makes it one of the top gainers in crypto today, with a market cap of around $1.15 million.
The token has $130,000 in locked liquidity and just over 1,800 holders.
It also has nine smart contract alerts, so investors should be careful as it could be a scam.
Crypto Alternatives to Consider
Small-cap coins can offer huge potential returns, but also carry a lot of risk.
For those looking for a greater likelihood of short-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.
This is where investors buy the tokens of new crypto projects to help fund their development.
These tokens are almost always sold cheaply, and there is a long history of presales offering huge exponential gains to early investors.
Many of these projects have fantastic teams and a great vision behind them to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward ratio of their pre-sale investment is very good.
The Cryptonews team spends a lot of time going through pre-sale projects to help investors.
Here is a list of 15 of what the project considers to be the best crypto presales of 2023: