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Bitcoin’s Surging Demand and Top Crypto Gainers
Bitcoin (BTC) has surged to fresh two-year highs amid demand for its spot ETFs in the US, leading to an increase in the pumping of micro-cap meme coins in the on-chain markets. Investors are utilizing tools like DEXTools to seek out the top crypto gainers for today. Bitcoin surpassed $57,000, with spot ETF trading volumes reaching a new record. With ETF inflows, the upcoming halving, and anticipated Fed rate cuts, Bitcoin is likely to reach all-time highs above $69,000 this year, potentially offering a near-term upside of at least 20%, making it an essential asset in any crypto investor’s portfolio.
High-Risk-Tolerance Traders and Shitcoins
High-risk-tolerance traders seeking rapid gains are attracted to micro-cap meme coins and shitcoins, as they often experience sudden price pumps of as much as 10x in a single day. Due to their low liquidity, even relatively low levels of buy pressure can trigger significant price movements.
Top Crypto Gainers Today
- SuperFarm ($SUPER): SuperFarm has surged by 700% in recent trade, with a market cap of $4 million and around $100,000 in liquidity. Although it has been around since March 2022, it remains an illiquid shitcoin with no obvious utility, posing a high investment risk.
- BabyPepe ($BABYPEPE): An alternative version of Pepe Coin called BabyPepe has increased by around 340% in the past 24 hours, with a market cap of around $1.5 million. With no concerning aspects to its smart contract, it is unlikely to be a scam.
- PEPEGOLD ($PEPE): This old shitcoin, in circulation since mid-2022, has recently surged by around 150% in 24 hours. Likewise, it is unlikely to be a scam, but it does have a few smart contract alerts, including a potentially modifiable tax.
Crypto Alternatives to Consider
For those seeking near-term gains with a better probability and a high-risk, high-reward investment strategy, getting involved in crypto presales can be considered. This involves purchasing tokens of upstart crypto projects, often sold at low prices, with a history of delivering substantial gains to early investors. Identifying projects with great teams and a revolutionary vision can offer a good risk/reward for presale investments.
For a list of the best crypto presales of 2023, you can refer to the insights provided by Cryptowire.
Disclaimer: Crypto is a high-risk asset class. This article is for informational purposes and does not constitute investment advice. Capital loss is a possibility.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
