In the fast-paced world of cryptocurrencies, major cryptos like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are rallying, with gains of 2-5%. However, some crypto enthusiasts are turning to riskier on-chain DEX markets in search of quick gains, fueled by a recent US jobs report that has eased recession fears. Despite tensions between Israel and Iran affecting the crypto market, degenerates continue to flock to DEX markets, using tools like DEXScreener to find trending coins and top gainers.
One of the top gainers is a new Ethereum meme coin called CSI888 (CSI), which has surged by an incredible 190,000% with $5.4 million in trading volume, resulting in a market cap of $4.2 million. This Chinese stock market-themed coin is gaining traction, but with just $225,000 in locked liquidity, its price could be at risk of crashing if whales decide to cash out. Meanwhile, another top gainer is a Solana meme coin named First Dog to Buy Crypto (TOSHI), up nearly 14,000% in 24 hours, with a market cap of $2.0 million.
Sui Doge (DOGE) is another new meme coin making waves, with a 5,000% increase in value and a market cap of $1.7 million, positioning it as one of the top gainers. Despite the popularity and organic social media engagement of these meme coins, investors should exercise caution as most new meme coins tend to lose relevance and value quickly. It is essential to remember the high risks associated with investing in the DEX markets and to only invest what one can afford to lose.
While meme coins offer potential for quick gains, it is important to approach investments in the DEX markets wisely. One strategy could be to invest in meme coin presales, which allow investors more time to research and understand a project before committing funds. Cryptonews.com’s analyst team has compiled a list of the 19 best new meme coin presales, providing a safer and more informed way to invest in meme coins. However, investors should always remember that crypto is a high-risk asset class, and this article is for informational purposes only and does not constitute investment advice. Capital loss is always a possibility when investing in cryptocurrencies.
