Top Crypto Gainers Today on DEXTools
Crypto markets are pumping on Thursday, with Bitcoin (BTC) and Ether (ETH) both at multi-week highs, though crypto degens looking for the 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 in the $2,400s as the cryptocurrencies benefit from a number of tailwinds.
US equities are scaling fresh record highs and Fed policymakers keep talking about rate cuts later this year.
That is giving the market macro tailwinds, while Bitcoin is also benefitting from fading GBTC sell pressure.
BTC could also be gaining on safe-haven demand as concerns bubble about the health of US regional banks.
Ether, meanwhile, is receiving tailwinds from optimism about a near-term mainnet upgrade, and on news that spot ETF applicants recently amended their filings.
After successful testnet upgrades, Ethereum developers will deploy the Dencun upgrade on the mainnet on March 13th.
ARK 21Shares amended their spot Ethereum ETF to a cash creation model more similar to their recently approved Bitcoin ETF.
That suggests potential coordination with SEC officials, which could be interpreted as implying a high likelihood their ETF gets approval.
Small-cap cryptocurrencies are almost always pumping and nearly always also take the mantle for the biggest crypto gainers each day.
That’s because their low level of liquidity means that relatively small buy pressure can easily result in fast exponential gains.
While blue-chip cryptocurrencies can offer good upside prospects, traders looking to make quick profits usually turn to low-cap markets.
That being said, here are some of the top crypto gainers today.
Top Crypto Gainers Today
Chinese dragon-themed token Loong ($LOONG) just experienced a sudden pump to new all-time highs.
Gains of over 5,600% in 24 hours as per DEXTools mean it is one of the top crypto gainers today.
$LOONG last had a market cap of $1.75 million and around $100,000 in liquidity.
But the token could easily be a scam given the nine smart-contract alerts identified by DEXTools.
A copycat new version of popular meme coin BabyDoge called BabyDoge ($BabyDoge) just launched on Ethereum.
As per DEXTools, it was last up over 1,700%, taking its market cap to over $600,000.
It last had liquidity of just over $200,000 and nearly 350 holders.
Its high DEXTscore of 96/99 and zero smart contract alerts suggest its unlikely to be a scam.
But investors should always be cautious with low-cap coins, regardless of how innocent they look.
MOROS NET ($MOROS)
A token called MOROS NET ($MOROS) has been pumping lately.
As per DEXTools, it was last up around 130% in 24 hours.
That makes it one of the top crypto gainers today, with its market cap lasting 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 cautious that it could be a scam.
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:
The post Top Crypto Gainers Today on DEXTools – LOONG, BABYDOGE, MOROS appeared first on Cryptonews.