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Top Crypto Gainers Today on Uniswap – PORK, LARRY, SOUTH
Last Updated: January 31, 2024 7:13 PM EST | 2 minutes of reading
PepeFork, LarryCoin and DeepSouth AI are the top crypto gainers on DEXTools today as the broader crypto market falls on Wednesday.
Bitcoin (BTC) was the last down about 1.6% below $43,000 after Fed Chairman Powell opposed a rate cut in March.
After the Fed left interest rates unchanged at 5.25% to 5.5% on Wednesday, Powell said a March rate cut was unlikely.
This forced traders to reduce their bets on a rate cut this quarter, weighing on liquidity-sensitive assets like Bitcoin.
That may have raised concerns that the Fed might not lower interest rates as quickly as the economy needs.
That could explain why U.S. stocks and U.S. bond yields fell in unison on Wednesday.
Regardless, major crypto markets are mostly in the red on Wednesday.
But small cap cryptocurrencies almost always pumping and almost always also taking on the role of top crypto earners every 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.
Here are some of the top small-cap cryptocurrency gainers on Thursday according to DEXTools.
Top Crypto Gainers Today on DEXTools
PepeFork (PORK)
A recently launched Pepe Coin alternative called PepeFork (PORK) is booming on Wednesday.
$PORK was last up about 200% in the last 24 hours, according to DEXTools.
Its market capitalization is an impressive $213 million, although its liquidity is only $170,000.
Its DEXTscore is 99/99 and its token contract has three concerning aspects, according to the DEXTools security audit.
LarryCoin ($LARRY)
A shitcoin called LarryCoin ($LARRY) is one of the top gainers in crypto today.
$LARRY is up 250% in the last 24 hours, according to DEXTools.
But the latest pump reached a market cap of just $500,000 and limited liquidity of just $400,000.
According to DEXTools’ smart contract audit, its contract does not present any aspects of concern.
Given its age, it is unlikely to be a scam.
DeepSouth AI ($SUD)
AI shitcoin DeepSouth AI ($SOUTH) hit new record highs on Wednesday.
According to DEXToolsit was last up 113% that day, making it one of the top gainers in crypto today.
The market capitalization of $SOUTH stood at $4.75 million, with locked liquidity of approximately $325,000.
The token has a solid DEXTscore of 99/99, while six smart contract issues have been identified.
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.