While blue-chip crypto markets are moving higher mid-way through the US trading session, investors looking for quicker gains will continue to turn to the top crypto gainers today on DEXTools.
Bitcoin (BTC) just hit new one-week highs in the $43,600s and is threatening a break back above $44,000 resistance.
Meanwhile, Ether (ETH) just pushed above $2,400 for the first time in over two weeks.
ETH’s gains on the week now stand at 5% following a series of successful testnet upgrades.
Developers are now expected to deploy the Dencun upgrade on the Ethereum mainnet within a few weeks.
Fed policymakers talking up the prospect of rate cuts later this year could be giving general market sentiment a boost.
The next major macro event to watch is next week’s US CPI figures.
While major cryptos are performing well, crypto degens looking to turn quick exponential gains continue to turn to micro-cap markets.
Small-cap cryptocurrencies are almost always pumping and nearly always also take the mantle for the biggest crypto gainers each day.
That’s because their low level of liquidity means that relatively small buy pressure can easily result in fast exponential gains.
While blue-chip cryptocurrencies can offer good upside prospects, traders looking to make quick profits usually turn to low-cap markets.
That being said, here are some of the top crypto gainers today on web3’s best-known decentralized exchange (DEX) tool DEXTools.
Top Crypto Gainers Today
Coffee Club Token ($COFFEE)
A shitcoin called Coffee Club Token ($COFFE) is the top crypto gainer today on DEXTools on Ethereum.
It was last up over 2700% in the past 24 hours.
$COFFEE’s market cap was last around $1.87 million.
That’s according to DEXTools, which puts the token liquidity at around $780000 with over 450 holders.
As per DEXTools’ security audit, the token has five concerning aspects to its smart contract.
MOROS NET ($MOROS)
A token called MOROS NET ($MOROS) has been pumping.
As per DEXTools, it was last up around 330% in 24 hours.
That makes it one of the top crypto gainers today, with its market cap lasting around $2.0 million.
The token has $160,000 in locked liquidity and just over 1,800 holders.
It also has nine smart contract alerts, so investors should be cautious that it could be a scam.
Musk ($MUSK)
An Elon Musk-themed meme coin called Musk ($MUSK) is up over 160%, making it one of the top crypto gainers today.
As per DEXTools, the token’s market cap was last around $580,000, with around $200,000 in liquidity.
It has nearly 750 holders, and only one smart contract alert.
Crypto Alternatives to Consider
Low-cap coins can offer huge potential returns but also come with a lot of risk.
For those looking for a better probability of near-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 upstart crypto projects to help fund their development.
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
Here is a list of 15 of what the project deems as the best crypto presales of 2023:
See the 15 Cryptocurrencies in PresaleDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Read the full article here