In the aftermath of the recent cryptocurrency market downturn, traders are exploring on-chain markets in search of top crypto gainers. Bitcoin has dropped below $60,000 for the first time since late February, and most altcoins are also experiencing losses. On-chain markets refer to assets that are issued and traded directly on the blockchain, offering traders the potential for quick profits with high volatility and unpredictability. Traders are using tools like DEXScreener to identify trending and pumping coins in the on-chain markets to capitalize on potential gains.
Some of the top crypto gainers on Ethereum today include AITaxBot (AITAX), America (AMERICA), and Book of Ethereum (BOOE). AITaxBot has surged by 1800% on Wednesday, with a market cap of $370,000 and $130,000 in locked liquidity. America, a meme coin launched three days ago, has seen a 220% increase in the past 24 hours, with a market cap of $5.1 million and $260,000 in locked liquidity. Book of Ethereum experienced a 50% increase in gains, reaching a market cap of $3.3 million and $270,000 in liquidity. Investors should exercise caution as these tokens may have smart contract issues.
Investing in presales is an alternative investment strategy that can potentially yield even higher profits for traders. Many Web3 projects and protocols offer their native tokens at a discount to early investors to raise funds for development. By identifying projects with a strong vision, use case, and competent team that end up gaining market traction, investors can generate significant returns. Identifying promising presale opportunities can be challenging, but Cryptonews has compiled a list of their top picks to help traders navigate the presale market and potentially capitalize on high gains.
It is important to note that cryptocurrency is a high-risk asset class, and traders should be cautious when investing in volatile and speculative assets. While the on-chain markets offer the potential for quick profits, they also come with significant risks. Due diligence is essential when evaluating new tokens and projects, as many newly launched coins do not retain long-term value. Traders should conduct thorough research, seek advice from financial professionals, and only invest capital that they can afford to lose.
Donations to charitable causes can serve as a unique marketing strategy for meme coins like America, which has donated to US veterans and seen a surge in value as a result. While donations to good causes may drive positive sentiment and increase demand for a token, investors should still be aware of potential issues with the token’s smart contract and overall legitimacy. Traders should balance the allure of quick gains with the need for caution and thorough due diligence to navigate the volatile cryptocurrency market successfully.
