Altcoins
Top Crypto Gainers Today on DEXTools – $SAVM, $SHEPE, $SATOSHI
Last Updated: January 19, 2024 6:22 PM EST | 2 minutes of reading
$SAVM, $SHEPE, and $SATOSHI are among the top small-cap cryptocurrency gainers on DEXTools today, while blue-chip cryptocurrency markets struggle in the face of high selling pressure.
Small-cap cryptocurrencies almost always assume the role of top crypto gainers every day.
This is because their low level of liquidity means that relatively low buying pressure can easily lead to rapid exponential gains.
Although blue-chip cryptocurrencies can offer good upside prospects, traders looking to make quick profits typically turn to small-cap markets.
Speaking of blue-chip markets, prices struggled this week amid a wave of continued profit-taking following the spot approval of Bitcoin ETFs, where Selling Bitcoin in Grayscale took center stage.
Bitcoin (BTC) hit a new yearly low of $40,200 earlier today before rebounding to $41,600.
Ether (ETH), meanwhile, is still struggling below $2,500, although it remains well above previous yearly lows.
Most major altcoins like Solana (SOL), XRP (XRP), and Cardano (ADA) were down around 1% in the last 24 hours.
As major crypto prices struggle, here are some of the top small-cap crypto gainers on Thursday, according to DEXTools.
Top Crypto Earners on DEXTools
SatoshiVM ($SAVM)
A recently launched shitcoin called SatoshiVM ($SAVM), which claims a decentralized Bitcoin ZK Rollup Layer 2 solution compatible with the Ethereum Virtual Machine (EVM) that uses BTC, is one of the top crypto gainers on Thursday.
$SAVM is up 2,800% in the last 24 hours, according to DEXTools.
The latest pump reached a market cap of $69 million and liquidity of $13.8 million.
Investors should be wary of the three concerning aspects of the token in its smart contract.
Shiba vs. Pepe ($SHEPE)
A shitcoin called Shiba V Pepe ($SHEPE) is making a comeback after a long price decline.
According to DEXToolsit was last up 500% on the day.
The market cap of $SHEPE most recently stood at just over $500,000, with locked liquidity of around $137,000 and around 3,340 holders.
It carries a 1% buying and selling tax, plus three smart contract risks, according to DEXTools’ security audit.
Satoshi Nakamoto ($SATOSHI)
A shitcoin called Satoshi Nakamoto ($SATOSHI) was pumped.
$SATOSHI was last up about 440% in the past 24 hours, according to DEXTools.
Still, its market cap is quite minimal, at only around $800,000, with $150,000 in cash.
According to the DEXTools security audit, the token has only two aspects of concern in relation to its smart contract.
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.
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website you agree to our terms and conditions. We may use affiliate links in our content and receive a commission.