In the latest update on September 16, 2024, major cryptocurrencies are experiencing bearish trading due to political and economic uncertainty in the US. Traders seeking quick gains are turning to on-chain DEX markets in search of top crypto gainers. The rejection of Bitcoin’s 50-day moving average near the $58,000 level is seen as a negative sign for its short-term outlook. With a lot of uncertainty in both major crypto and traditional markets, impatient traders are looking for opportunities in the volatile on-chain DEX markets, where new tokens can experience significant intra-day gains.
One of the top crypto gainers today is Catalorian (CATALORIAN), a new Ethereum meme coin that surged 1,160% in the past 24 hours, reaching a market cap of $3.7 million. However, traders should exercise caution as newly launched meme coins are often associated with scams or pump-and-dump schemes. Another top gainer is Neiro (NEIRO), which experienced an 800% increase following a listing on Binance, achieving a market cap of $146 million. While this is a significant milestone for a community-run meme coin, it is important to note that most new meme coins do not offer long-term value.
Ginnan Doge’s Brother (GINNAN), another Ethereum meme coin, also saw an increase of close to 600% on Monday, reaching a market cap of $1.7 million. However, traders should be wary as coins like this typically do not recover following their initial pump and dump. An alternative to investing in highly volatile meme coins is participating in crypto presales. New crypto projects often offer tokens at a discount during presales to raise funds for development. Identifying high-potential projects during presales can be a lucrative investment strategy for traders looking for significant returns.
Cryptonews.com analysts closely monitor the crypto presale market and have identified several promising projects for investors to consider. Participating in presales of upstart crypto projects can provide an opportunity for investors to capitalize on early development stages and potential growth. It is important to note that investing in crypto is a high-risk asset class, and readers should conduct thorough research and exercise caution when making investment decisions. This article is provided for informational purposes only and does not constitute investment advice. Traders should be aware of the risks involved in the crypto market and never risk more than they can afford to lose.
In summary, the current state of major cryptocurrencies is influenced by political and economic uncertainty, leading traders to seek quick gains in on-chain DEX markets. While some new meme coins like Catalorian, Neiro, and Ginnan Doge’s Brother have experienced significant price surges, it is essential for traders to exercise caution given the speculative nature of these investments. For a more stable alternative, participating in crypto presales of promising projects may offer better return potential. However, investors should be aware of the risks associated with investing in cryptocurrencies and always conduct thorough due diligence before making any investment decisions.
