Top Crypto Gainers Today on DEXScreener – MOJO, ZUES, TUZKI
Joel Frank
Last updated: July 5, 2024, 11:06 EDT | 3 min read
As major cryptocurrencies face significant price declines due to continued Bitcoin sell-offs by key market players, traders are turning their attention to micro-cap on-chain markets in search of today’s top crypto gainers.
Bitcoin reached lows in the mid-$53,000s on Friday, following a significant sell-off by the German government. Additionally, wallet movements from Mt Gox added to the selling pressure. With repayments to the failed exchange’s creditors beginning this month, there is concern that a substantial amount of this supply may flood the market. Bitcoin miners, struggling with reduced post-halving rewards, are also believed to be offloading their holdings.
Even bullish US jobs data, which reinforced expectations of Fed rate cuts later this year, failed to uplift the market mood. Bitcoin was last trading around the mid-$55,000s, experiencing a 3% loss for the day. Most major altcoins suffered losses between 5-10% over the past 24 hours.
In light of these bearish conditions, traders are increasingly seeking out micro-cap on-chain markets, which offer the potential for rapid, exponential gains. However, these markets are highly risky, with many coins being scams or pump-and-dump schemes. Traders should never invest more than they can afford to lose.
Here are some of today’s top crypto gainers on Ethereum, according to the popular DEX monitoring tool DEXScreener.
### Top Crypto Gainers Today on DEXScreener
**Mojo (MOJO)**
A new meme coin based on Matt Furie’s first documented drawing, Mojo (MOJO), has seen a dramatic increase, surging over 46,000% in the past 24 hours, according to DEXScreener. This pump has propelled the meme coin’s market cap to $1.6 million, with $3.4 million in 24-hour trading volumes, making it one of today’s top crypto gainers. However, MOJO has very thin liquidity, around $150,000, meaning a single large sell order could cause a significant price drop. A Go+ Security audit of its smart contract also highlights some concerning aspects, suggesting it could still be a scam. Traders should exercise caution and conduct thorough due diligence.
**Zues (ZUES)**
Another meme coin based on a Matt Furie character, Zues (ZUES), is up an impressive 50% in 24 hours, according to DEXScreener, placing it among today’s top crypto gainers. With a market cap of $1.1 million, ZUES has been around for some time but remains well below its record highs from June. Whether it can make a substantial recovery remains uncertain.
**Tuzki (TUZKI)**
A relatively older coin by meme coin market standards, Tuzki (TUZKI), is also seeing a surge on Friday. As per DEXScreener, it has risen around 35%, with its market cap recovering to $1.3 million. However, this still leaves the token more than 90% down from its June highs, possibly indicating a dead cat bounce.
### Alternatives to Consider – Crypto Presales
Investing in on-chain markets is highly risky, even though it can yield today’s top crypto gainers. An often-overlooked but potentially profitable strategy is investing in presales. Up-and-coming web3 projects frequently conduct ICOs to raise funds for development, offering tokens at low market caps to attract early investors. This provides presale investors the opportunity for significant gains.
With numerous projects vying for investment, it can be challenging to identify the best opportunities. Analysts at Cryptonews.com dedicate significant time to analyzing the altcoin market to find high-potential projects. Here are some of their top picks right now.
### 12 Best Presales to Invest in Right Now
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**Disclaimer:** Crypto is a high-risk asset class. This article is for informational purposes only and does not constitute investment advice. You could lose all of your capital.
