As the bears control the broader crypto market due to concerns about the Iran/Israel situation and strong US economic data, traders are turning to on-chain micro-cap markets in search of top crypto gainers. Bitcoin is trading near $63,000, with major altcoins like Ether, Solana, XRP, and Toncoin also being off session highs. Reports of Israel planning to retaliate against Iran’s attack have added to the negative sentiment, along with stronger-than-expected US retail sales data and rising US bond yields and the dollar. This has weakened the argument for near-term Fed rate cuts and is a major headwind to crypto.
Amid bearish conditions in the blue-chip crypto market, traders are turning to on-chain markets where newly launched meme coins and shitcoins are pumping. These markets offer the potential for significant gains but come with high volatility, low liquidity, and risks of scams and pump-and-dump schemes. Traders need to do their research and only invest what they can afford to lose. Some of the top crypto gainers on DEXScreener catching traders’ attention include Shield (SHIELD), which has surged 21,400% since its launch, and InnovateAI (INNO), up 5,400% on Monday. However, both tokens have concerning aspects in their smart contracts and are considered very risky.
While shitcoins offer quick gains but come with high risks, a potentially better way to make exponential gains in crypto is to invest in crypto presales. Up-and-coming web3 projects often sell their native token at a discount to early investors to fund development. If investors can identify promising projects with a great use case, vision, and team, they may be able to flip their presale tokens for a premium later on. Cryptonews analysts spend time researching presales for promising projects, and they have listed 19 favorite presales currently available. Additionally, Crypto Arjay from Cryptonews discusses some of the best presales in a video for investors to consider.
It is essential for investors to recognize the high-risk nature of crypto as an asset class. This article serves as informational purposes and does not constitute investment advice, acknowledging the possibility of losing all capital. The current market conditions, including the Israel/Iran tensions, strong US economic data, and rising bond yields and dollar value, have contributed to bearish sentiment in the broader crypto market. Traders seeking significant gains are turning to on-chain micro-cap markets despite the risks associated with investing in newly launched meme coins and shitcoins. Researchers at Cryptonews are actively monitoring the presale market for promising projects that offer potential for exponential gains, providing opportunities for investors to explore.
