When it comes to the volatile world of cryptocurrency trading, staying informed is key. Today, we explore the realm of on-chain DEX markets to uncover the top crypto gainers making waves in the industry.
While major crypto markets experienced a relatively quiet day, micro-cap on-chain DEX markets saw significant activity. These markets present unique opportunities for traders looking to capitalize on exponential gains.
One of the defining features of on-chain DEX markets is the ability for anyone to issue a new coin. This accessibility leads to a plethora of new coins entering the market daily, with the majority falling into the categories of scams, rug pulls, or pump-and-dumps.
Even for legitimate projects, the risks in on-chain DEX markets are high due to minimal liquidity. This lack of liquidity can result in drastic price movements triggered by small buy or sell orders, catching traders off guard.
It is not uncommon for a coin to experience a 10x pump followed by a 90% dump within a short timeframe. This volatility underscores the importance of caution and due diligence when navigating on-chain DEX markets.
Top crypto Gainers Today – Which Are They
FWUG (FWUG)
A new Solana meme coin called FWUG (FWUG) has garnered attention by surging 250% in the past 24 hours, according to DEXScreener. Despite this impressive gain, the coin still maintains a modest market cap of $200,000, leaving room for further growth.
However, caution is advised as FWUG only has $46,000 in locked liquidity. This means that a small sell order could potentially trigger a significant price decline. Traders must exercise prudence and avoid risking more than they can afford to lose.
Smoking eagle dog (SED)
Another Solana meme coin, smoking eagle dog (SED), has seen a nearly 200% increase in value over the past 24 hours, positioning it as one of the top crypto gainers today. With a market cap of $770,000 and limited liquidity of around $100,000, SED presents opportunities and risks for traders.
Despite its small market cap, SED appears to enjoy strong community support, as evidenced by its positive reception on DEXScreener. However, traders should exercise caution and conduct thorough research before making any investment decisions.
Chengpang Zhoa (ZHOA)
ZHOA, a binance Smart Chain-based meme coin inspired by jailed ex-binance CEO Chengpang Zhoa, has surged by 200% in the past 24 hours, as reported by DEXScreener. While this gain positions it among the top crypto gainers today, concerns have been raised about the coin's smart contract.
Audit findings suggest potential issues with the smart contract, raising red flags about the legitimacy of ZHOA. Traders should proceed with caution and thoroughly assess the risks associated with this particular coin.
Alternatives to Top crypto Gainers – Presales
Investors wary of the high-risk nature of micro-cap top crypto gainers may find solace in meme coin presale investing. Cryptonews.com analysts closely monitor the presale market, identifying meme coins with significant growth potential.
For those looking to explore alternative investment opportunities, Cryptonews.com offers a curated list of 16 best meme coins to consider. This resource serves as a guide for investors seeking promising projects in the dynamic world of cryptocurrency trading.
