As major cryptocurrencies succumb to profit-taking following strong recent gains, crypto degenerates hunting for quick gains continue to scour the on-chain micro-cap shitcoin/meme coin markets for top crypto gainers today.
Bitcoin (BTC) was last down just over 2.5% on Wednesday and trading just below $51,000.
Ether (ETH), meanwhile, was last trading with losses of around 3.5% near $2,900, having pulled back from above $3,000.
Profit-taking is overdue in wake of impressive gains for major cryptos that has primarily been driven by optimism surrounding ETFs.
BTC is up 22% in 30 days, while ETH is up around 17.5% over the same time period as per CoinMarketCap.
With the rally in blue-chip cryptos taking a breather, crypto degens are eyeing up top crypto gainers today in the micro-cap shitcoins/meme coin market.
Thanks to their tiny market caps and liquidity, these coins can be very volatile.
Micro-cap shitcoins can easily rally 10x or dump 90% in one day.
Here are the top crypto gainers today on Ethereum that degens will be monitoring, as per DEXTools.
Top Crypto Gainers Today
TRUMP ($TRUMP)
A newly launched Trump-themed meme coin called Trump ($TRUMP) has pumped nearly 30,000% since its launch today, as per DEXTools.
Its market cap was last around $4 million, with around $300,000 in liquidity.
That’s impressive stuff for a first day of trade.
But investors should be very cautious of this coin given the five smart contract alerts identified by DEXTools.
Anonify ($ONI)
Recently launched Telegram-based privacy-focused crypto exchange Anonify ($ONI) is up 20,000% in 24 hours.
Its market cap was last around $1.3 million with around $174,000 in locked liquidity, as per DEXTools.
Given locked liquidity and only two smart-contract alerts, the token probably isn’t a scam.
But the token does have a 4% buy and sell tax. Investors should nevertheless always do their due diligence.
ChainEx ($CEX)
A recently launched shitcoin called ChainEx ($CEX) that claims to be “revolutionizing DApps with account abstraction and ERC-4337” is pumping.
$CEX was last up 140% on Wednesday, as per DEXTools.
Its market cap was $950,000, with over $200,000 in locked liquidity.
It has a 99/99 score and four concerning aspects to its smart contract.
There is also a 5% buy-and-sell tax.
Again, investors should always do their due diligence. There’s no such thing as zero risk.
Crypto Alternatives to Consider
Investing in low-cap shitcoins is a very risky strategy.
An innocent-looking project could easily turn out to be a scam, and a few big sell orders could easily drive the price 80% lower.
A strategy that is still risky, but arguably has a better risk reward is getting involved in crypto presales.
The idea is that investors secure tokens of up-and-coming, high-potential crypto projects/protocols at a discounted early price.
These projects then put those funds to work, paying for protocol development and marketing.
While lots can go wrong when investing in crypto presales—unforeseen circumstances can prevent a project from delivering on its vision—savvy presale investors routinely secure gains of 10x or more.
With hundreds of presale projects vying for investor funds, analysts at Cryptonews have been combing the market.
Here are 14 of the presale projects with the highest potential.
See the 14 Cryptocurrencies
Disclaimer: 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.
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