Discover the Hottest Cryptocurrencies Today on DEXScreener – FELON, YIELD, BOOB
Cryptocurrency traders are seeking out the top gainers in the on-chain markets using tools like DEXScreener. While blue-chip cryptos like Bitcoin (BTC) are stabilizing after a recent drop, with BTC trading below $60,000, traders are turning their attention to the on-chain markets to find the next big winners.
Bitcoin is currently trading around $59,000 as traders analyze recent macro developments. Additionally, negative ETF flows are being closely monitored, particularly after BlackRock’s IBIT experienced its first outflows since its launch in January.
Meanwhile, major altcoins are also in a consolidation phase due to recent selling pressure. As a result, traders are exploring the volatile and unpredictable on-chain markets for potential opportunities.
On-chain markets refer to the trading of assets directly on the blockchain. While many new tokens are launched daily, most of them are pump-and-dump schemes or scams. However, there are hidden gems that could offer early investors significant gains, ranging from 10x to even 100x.
Traders often rely on tools like DEXScreener to identify trending and pumping coins. Here are some of the top crypto gainers on Ethereum today, according to DEXScreener.
Top Crypto Gainers Today:
1. Crypto Felon (FELON): This newly launched token has experienced an astonishing 72,000% increase since its launch. With a market cap of $2.2 million and $170,000 in locked liquidity, it’s worth noting that the token only has one smart contract issue. However, traders should approach newly launched tokens with caution, as scams are prevalent.
2. Yield (YIELD): Another recently launched token, Yield (YIELD), has surged over 48,000% in just 24 hours. With a market cap of $2.2 million and over $200,000 in locked liquidity, traders should exercise extra caution with this token. It has five smart contract issues, including modifiable tax and unrenounced ownership.
3. Book of Bitcoin (BOOB): Following the success of the meme coin Book of Ethereum, the newly launched Book of Bitcoin (BOOB) has gained attention due to its comical ticker. BOOB has rallied 29,000% in 24 hours, with a market cap of $1.1 million and $120,000 in locked liquidity. However, traders should be aware that its official X account has been suspended, which raises concerns.
Alternative Investment Strategy to Consider – Presales:
While investing in “shitcoin gems” can be lucrative, another strategy that potentially offers even higher gains is investing in presales. Web3 projects and protocols often offer their native tokens at a discounted rate to early investors to raise funds for development. By identifying projects with strong vision, use case, and competent teams that gain traction in the market, investors can make significant profits.
However, entering the daunting presale market can be challenging. To help traders get started, Cryptonews has compiled a list of their top picks for crypto presales. Alternatively, you can watch a video from Cryptonews’ Crypto Arjay, who discusses his top three meme coins, all of which are currently available in presale.
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Disclaimer: Cryptocurrency is a high-risk asset class, and this article is provided for informational purposes only and does not constitute investment advice. It is important to remember that you could lose all of your capital when investing in cryptocurrencies.
