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Top Crypto Gainers Today on DEXTools
On a bearish day in the blue-chip crypto markets that saw Bitcoin (BTC) dip 3% back towards $64,000 and Ether (ETH) dip 2% to the mid-$3,100s, traders are flocking to the on-chain markets as they hunt for top crypto gainers today that might deliver fast profits.
Introduction to On-Chain Markets
On-chain markets refer to crypto assets issued and traded directly on the blockchain. Ethereum, Solana, and BNB are the most commonly used chains by those issuing or trading on-chain tokens. On-chain cryptos are highly illiquid compared to those that trade on centralized spot cryptocurrency exchanges, making them highly volatile.
Risks in On-Chain Trading
- A newly launched coin can easily see gains of 100x in days as its market cap surges from the tens of thousands to millions.
- On-chain traders need to be wary of scams, as there is almost no barrier to entry for someone to create their own token, leading to potential malicious activities like pump-and-dump schemes.
- Investors should look for “locked liquidity” to prevent rug pull attempts.
Top Crypto Gainers Today
Elon (ELON)
A just-launched meme coin named after Tesla CEO and X owner Elon Musk has seen a big pump. Elon (ELON) is up 381,000%, with its market cap last at $16.4 million and over 3,250 holders.
Boy’s Club (BOYSCLUB)
Another just-launched coin called Boys Club (BOYSCLUB) is up 13,600% as per DEXTools. Its market cap was last $650,000, with just over $80,000 in unlocked liquidity.
Vitalik (VITALIK)
Just launched meme coin Vitalik (VITALIK), named after the creator of Ethereum, is up just over 6,000% on Wednesday. Its market cap is at $300,000 with liquidity at $60,000.
Crypto Alternatives to Consider
Investing in low-cap coins is risky. Another strategy to consider is getting involved in crypto presales, where investors secure tokens of high-potential projects at a discounted price.
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.
