DEXScreener Reports: Exciting Surges in the Crypto Market Today – DJT, SHIBU, FRIDGE
Yesterday witnessed remarkable movements in the major cryptocurrency markets, as Bitcoin (BTC) came close to reaching new all-time highs. At the same time, the DEX markets experienced a surge in the top crypto gainers today.
With the looming US presidential election and the release of mega cap earnings reports and significant US economic data points, the appetite for risk could further increase in the coming days.
Bitcoin is on the verge of hitting all-time highs above $74,000, and other major altcoins are also expected to experience a surge.
However, the most significant movements will likely occur in the DEX markets.
Speculators are drawn to these risk markets due to the potential to discover undervalued assets early on. High-potential new tokens are often listed on DEXs before they make their way to more established platforms.
Nevertheless, trading in DEX markets comes with significant risks. These include potential vulnerabilities in smart contracts, lower liquidity leading to price slippage, and the possibility of rug pulls or scams due to less stringent listing requirements.
However, if traders invest in the right tokens, they have the potential for massive returns.
Traders often rely on tools like DEXScreener to identify trending coins. Here are some of the top crypto gainers today that are catching the attention of traders.
Top Crypto Gainers Today on DEXScreener – Who Are They?
Donald Trump (DJT), a new Ethereum meme coin, is one of the top crypto gainers today, having surged approximately 41,000% since its launch, according to DEXScreener.
The meme coin currently has a market cap of around $1.7 million, with only about $177,000 in liquidity.
This means that a large sell order could potentially cause a rapid and massive crash. Moreover, DEXScreener users appear skeptical of the token.
On the platform, DJT has received 43 red flag emoji votes, compared to 76 rocket ship emoji votes.
Despite the risks, this Uniswap-listed token could perform well as PolitiFi tokens gain hype leading up to the election. However, there is a high risk that it could turn out to be either a pump-and-dump scam or a rug pull.
The next name on the list of top crypto gainers today worth mentioning is DOGE MASCOT (SHIBU).
This new Solana meme coin has surged 500% in the past 24 hours, reaching a market cap of $4.3 million. The coin experienced a boost in optimism following a community takeover.
The SHIBU community page on X currently has 586 members, indicating the potential for further growth for this coin.
The final name worth mentioning on the list of top crypto gainers today is a peculiar meme coin called Fridge (FRIDGE), which allegedly operates entirely from a Samsung 636L AI Family Hub Fridge located in a mall.
In the past 24 hours, its market cap has surged around 2,400% to approximately $2 million, according to DEXScreener.
The meme coin community appreciates originality, and FRIDGE certainly fits the bill. However, this does not guarantee a significant increase in market cap or long-term relevance.
Perhaps a more effective way to secure gains with micro-cap coins is to invest in projects with utility at an early stage.
Investing in high-potential crypto presales can be a wise move. If a project offers real utility and solves a genuine web3 problem, it has a better chance of maintaining long-term value compared to the top crypto gainers mentioned above.
The analysts at cryptonews.com closely monitor the presale market in search of the next 20x project. Here are some of their top picks for crypto presales to invest in now.
