Traders in the crypto market are gearing up for a week filled with macro events, prompting them to explore more speculative markets using tools like DEXScreener to identify the top crypto gainers today. While bitcoin (BTC) remains stable around $59,000, other major cryptocurrencies have shown minimal changes in the past 24 hours.
Market participants are closely monitoring significant events such as Fed Chair Jerome Powell's speech at the Jackson Hole Economic Symposium, US PMI data releases, and the Democrat convention scheduled for this week. Amidst this anticipation, some traders are turning to the emerging on-chain meme coin markets for potential opportunities.
New meme coins and shitcoins are constantly being introduced on decentralized exchanges such as Uniswap and Raydium. However, it's essential to exercise caution as many of these projects turn out to be scams or pump-and-dumps with little long-term value. Despite this risk, the allure of significant gains within a short period remains enticing for traders.
Top crypto Gainers Today
TrumpX (TRUMPX)
A new Solana meme coin inspired by US Presidential nominee Donald Trump, named TrumpX (TRUMPX), has surged over 750,000% since its inception. Despite its impressive performance, the token's market capitalization remains modest at just over $500,000 according to DEXScreener. The locked liquidity for TRUMPX is approximately $560,000.
Deadpool Inu (DPOOL)
Another standout performer is Deadpool Inu (DPOOL), a new ethereum meme coin that has witnessed a remarkable growth of over 23,000%. With a market cap exceeding $1.2 million, DPOOL showcases thin liquidity of around $140,000, making it susceptible to price volatility triggered by large sell orders.
R/funny (RFUNNY)
R/funny (RFUNNY), a Reddit-themed meme coin, has seen its value soar by more than 10,000% on Monday, positioning it among the top crypto gainers today. While the coin recently achieved a market cap of around $1 million, it has since retreated to about $700,000. RFUNNY's audit has not raised any concerns, but investors should exercise caution as the crypto space is inundated with high-risk projects.
It's essential for traders to exercise due diligence and avoid risking more than they can afford to lose when venturing into speculative markets like meme coins and shitcoins. Alternatively, investing in high-potential crypto presales presents a potentially safer avenue for generating substantial profits in the crypto space.
web3 start-ups frequently offer fundraising opportunities where early investors can acquire native tokens at a discounted rate compared to their potential valuation. This strategic approach allows investors to capitalize on the upside potential of promising projects. Unlike the rapid pace of on-chain markets, presales typically span several weeks, providing investors with ample time for thorough research and informed decision-making.
By strategically identifying and investing in reputable crypto presales, traders can position themselves for significant gains in the dynamic cryptocurrency landscape while minimizing exposure to higher-risk assets.
