As Bitcoin stabilizes below $60,000, traders are turning to on-chain markets to hunt for top crypto gainers after recent macro developments. Negative ETF flows have been observed, with BlackRock’s IBIT seeing outflows for the first time since its launch. Blue-chip cryptos are consolidating following recent sell pressure, prompting traders to explore the volatile on-chain markets where new tokens are launched daily. While most of these tokens may be pump-and-dump schemes or scams, some may offer significant gains for early investors. Tools like DEXScreener are used to identify trending and pumping coins in the on-chain markets.
Some of the top crypto gainers on Ethereum today identified by DEXScreener include Crypto Felon (FELON), which has surged by 72,000% since its launch with a market cap of $2.2 million and $170,000 in locked liquidity. Another token, Yield (YIELD), has seen a 48,000% increase in 24 hours, with a market cap of $2.2 million and over $200,000 in locked liquidity. Traders are advised to exercise caution with these newly launched tokens, considering potential risks such as smart contract issues.
A comical meme coin called Book of Bitcoin (BOOB) has recently launched, with a market cap of $1.1 million and a 29,000% rally in 24 hours. The token has $120,000 in locked liquidity and only one smart contract issue related to a whitelist. However, traders should be wary of the fact that its official X account has been suspended, which could be a red flag. For traders seeking alternative investment strategies, presales offer the potential for even higher gains if executed correctly. Web3 projects often sell their native tokens at a discount to early investors, providing an opportunity for significant profits if the project gains traction in the market.
Identifying promising projects in the presale market can be challenging, but it can lead to substantial returns for investors. Cryptonews has compiled a list of the top 20 crypto presales to consider, offering insights into potential investment opportunities in the market. Additionally, a video by Cryptonews’ Crypto Arjay highlights three meme coins currently available in presale, providing traders with options to explore in this high-risk asset class. While the potential for gains in the crypto market is high, it is essential for investors to exercise caution and conduct thorough research before making investment decisions. Disclaimer: This article is for informational purposes only and should not be considered as investment advice, as the crypto market carries inherent risks and potential for capital loss.
