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Top Cryptocurrency Gainers Today on DEXTools
Blue chip cryptocurrencies have seen significant gains on Monday, but the top crypto gainers today in the on-chain markets have experienced even more impressive increases. Despite Bitcoin (BTC) and Ether (ETH) both showing gains of close to 4% in the past 24 hours, these gains are relatively small compared to what can be seen in the world of shitcoins.
Why Shitcoins Can Experience Big Moves
Shitcoins, due to their small market caps and liquidity, can experience significant price movements with just a small amount of buy pressure. This makes them an attractive option for some traders looking for quick profits.
Top Crypto Gainers Today
- DataToken ($DATA): This recently launched shitcoin has soared over 11,000% on Monday, with a market cap of only $165,000. Despite its tiny market cap, it has a squeaky clean audit record and shows potential for growth.
- Catboy ($CATBOY): This shitcoin has surged nearly 1,000% on Monday, with a market cap of approximately $1.77 million. It boasts over 900 holders and has seen 24-hour trading volumes of $1.2 million.
- Sonata Network ($SONA): The decentralized launchpad protocol Sonata Network has seen a pump to fresh all-time highs, with gains of over 200% in the past 24 hours.
Crypto Alternatives to Consider
Investing in low-cap shitcoins can be very risky, as they are often associated with pump-and-dump schemes or scams. An alternative strategy that carries a better risk-reward ratio is getting involved in crypto presales. By participating in presales, investors can secure tokens of high-potential crypto projects at a discounted early price, potentially seeing gains of 10x or more.
High-Potential Presale Projects
With numerous presale projects available, analysts have been examining the market to identify the ones with the highest potential. It’s important to note that investing in presale projects still carries inherent risks, and investors should conduct thorough due diligence before participating.
Disclaimer: Cryptocurrency is a high-risk asset class, and this content is provided for informational purposes only and should not be considered investment advice.
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.
