Top Crypto Gainers Today: A day of red for major cryptocurrencies, which struggled with a strengthening US dollar and fears over elevated post-halving sell pressure from Bitcoin miners, traders went to the highly illiquid and volatile on-chain markets as they searched for Top Crypto Gainers Today. Trading was a difficult day for significant cryptocurrencies. The price of Bitcoin (BTC) dropped below its 50-day moving average, reaching fresh lows for the past month in the $65,000 range.
Bears have been in control since Bitcoin failed to break above $70,000 earlier this week due to weak United States Consumer Price Index data. In addition to fears about increased miner sales, the Federal Reserve has provided hawkish guidance regarding interest rates, which has depressed the atmosphere. The price will return to the upper sixties in the coming days and weeks. Other essential cryptocurrencies are anticipated to face decreases.
This might be a fantastic opportunity for individuals who are still favorable to buying on the drop in the long run. The micro-cap on-chain marketplaces are attractive to traders for rapid profits. Every every day, new cryptocurrencies are issued on the blockchain. A large number of them are pump-and-dumps or frauds. While losing everything in these risky markets is easy, making significant returns is possible. According to DEXScreener, an analytics tool for DEXs, these are some of the top Ethereum cryptocurrencies that have gained value today.
Top Crypto Gainers Today
Krazy n.d. (KRAZY)
A new shitcoin named Krazy n.d. (KRAZY) is booming, and it’s based on a character from the Matt Furie Boy’s Club. With $3.7 million in 24-hour volumes, the newly-launched coin has already achieved a market worth of $2.9 million. DEXScreener estimates that the token is worth somewhat more than $200,000. Therefore, that must be the case. There are just two problematic parts of the shitcoin’s smart contract. That being said, it is still a scam. It is imperative that traders consistently exercise caution.
Kochi Ken (KOCHI)
According to DEXScreener, a new meme coin named Kochi Ken (KOCHI) has experienced an incredible 47,000% increase in the last 24 hours. Liquidity for the new shitcoin is a little over $180,000, and its market cap is $2 million. Even though the X account for the Top Crypto Gainers Today is seeing some engagement, this token is unlikely to become viral. Investors in this coin should be ready to lose all their money if something goes wrong.
Liberland Dollar (LLD)
Liberland Dollar (LLD), a recently minted shitcoin to become the de facto cryptocurrency for Liberland, is seeing heavy pumping. The libertarian movement has taken an interest in the unclaimed territory known as Liberland, which lies between Serbia and Croatia. According to DEXScreener, LLD’s market cap increased by 500,000% in 24 hours, reaching 800,000. Buyers and sellers of this token should use extreme caution. According to DEXScreener’s intelligent contract audit, no renunciation of ownership has occurred. The fact that the token can be “minted” adds another layer of potential fraud.
Better Alternative to Consider
Putting money into recently released meme currencies is a gamble. Some of the maybes maybe 100 times more valuable than others. Most will bomb, and investors may never have enough cash to sell. For traders who don’t take the time to complete their homework, their rapid price movements can cause fear of missing out (FOMO).
Putting your money into presales might be better than buying newly minted meme coins. Traders have more time to assess a project’s suitability in this setting. Traders benefit significantly if they can consistently pick out successful enterprises. Crypto News’s analysts closely monitor the presale market. In 2024, they will be holding several fantastic presales.
Also Read More: Crypto Market Down Today: Why?
