As Bitcoin approaches the $64,000 mark and the issuance rate is halving, traders are turning to on-chain crypto market monitoring tools like DEXScreener to find the top crypto gainers. On-chain markets involve crypto assets issued and traded directly on the blockchain, with Ethereum, Solana, and BNB being commonly used chains for this purpose. These markets are highly illiquid compared to centralized exchanges, making them volatile. However, scammers often target on-chain markets to exploit unaware investors through schemes like inserting malicious code or pump-and-dump strategies. Investors look for “locked liquidity” to avoid such scams.
Some of the top crypto gainers in the on-chain markets include RunesBot (RBOT), BitRunes (BRUNES), and Alien King (ALK). RBOT, a Telegram trading bot built on the Runes ecosystem, has seen a 26,000% increase in the past 24 hours. BRUNES, which allows users to bridge Ethereum funds to the Bitcoin network, has surged by 150,000%. ALK, a meme coin launched on Base, has pumped 11,500%. While these projects may seem legitimate, traders should exercise caution due to concerning aspects of their smart contracts, such as modifiable tax rates and pausable transfers.
Investing in low-cap “shitcoins” is a risky strategy, as projects may turn out to be scams or suffer significant price declines due to sell orders. A riskier but potentially more rewarding strategy is participating in crypto presales, where investors secure tokens of promising projects at a discounted early price. Despite the risks, savvy presale investors often achieve gains of 10x or more. With numerous presale projects available, analysts are continually assessing the market to identify those with high potential. Considering the volatility and risks involved in crypto assets, it is essential for investors to conduct their research and be cautious.
The halving of the issuance rate of Bitcoin is imminent, prompting traders to seek out profitable opportunities in the crypto market. While major altcoins remain relatively stagnant, on-chain markets are gaining attention due to their potential for high returns. However, these markets are prone to scams and fraudulent schemes, making it crucial for investors to exercise caution and look for secure investment options. By monitoring tools like DEXScreener, traders can identify top gainers in the on-chain markets and make informed decisions based on the available data. Overall, the crypto market presents both risks and opportunities, requiring investors to stay vigilant and informed to navigate the landscape effectively.
In the current crypto market environment, investors are turning to on-chain monitoring tools like DEXScreener to identify potential opportunities for profit. With the issuance rate halving looming and major altcoins showing little movement, on-chain markets have become a focus for traders seeking high returns. However, the volatile nature of these markets and the prevalence of scams pose risks to investors. By examining the top gainers in the on-chain markets, traders can make informed decisions and mitigate potential losses. Additionally, exploring alternatives such as crypto presales can offer higher risk-reward opportunities for investors willing to take on the associated uncertainties.
