Traders are turning to on-chain micro-cap markets in search of quick gains as major cryptocurrencies remain flat. Bitcoin is currently trading in the upper $63,000s, down by around 12% from last week’s peaks. Geopolitical concerns and a fading likelihood of near-term Fed rate cuts are impacting sentiment in the market. Fed Chair Jerome Powell’s hawkish comments further added to worries. Alongside moderating spot Bitcoin ETF flows, the upcoming halving event is causing uncertainty among investors.
Spot Bitcoin ETF inflows have been slowing down, leading to concerns about a potential sell-the-fact reaction in the market. As a result, quick gains are not expected from Bitcoin or other altcoins. Traders are now turning to on-chain markets, where coins can experience significant price swings in a short period. While on-chain markets offer the potential for high rewards, they are also highly volatile, illiquid, and filled with scams. Investors are advised to do their own research and be cautious before investing in these markets.
Some of the top crypto gainers today include AI BTC Mining (AIM), which has surged 33,000% since its launch, and NeuroNest AI (NEAI), which is up 11,000% in 24 hours. Nitefeeder (NITEFEEDER) is another notable gainer, with a 140% increase in the past 24 hours. However, all of these coins come with risks, including smart contract issues and potential for price manipulation. Investors should exercise caution when considering investments in these highly volatile assets.
Instead of investing in on-chain shitcoins, a potentially more lucrative strategy for quick gains in the crypto market is through presale investments. Up-and-coming web3 projects often sell their native tokens at a discount to early investors to fund development. By identifying promising projects with strong use cases, vision, and competent teams, investors can potentially flip their presale tokens for a significant profit later on. However, with numerous presales available, it can be challenging to identify the most promising projects.
Cryptonews analysts have compiled a list of 19 favorite presales that investors may consider for potential gains. By investing in projects with a solid foundation and strong potential for growth, investors can navigate the volatile crypto market more effectively. It is essential to conduct thorough research and due diligence before investing in any presales or cryptocurrency project. As a high-risk asset class, crypto investments carry the potential for significant gains but also come with a high level of risk. Investors should carefully consider their risk tolerance and investment goals before entering the crypto market.
