Top Crypto Gainers Today on DEXTools
Bitcoin may be stealing the headlines after crossing above $50,000 for the first time since late 2021 on Monday, but for investors looking to turn a quick profit will continue to turn to the top crypto gainers today on DEXTools.
Amid optimism about spot Bitcoin ETF inflows, the Bitcoin price was last trading just under $50,000, up 3.5% on Monday.
As per CoinShares, spot Bitcoin ETFs saw $1.1 billion in net inflows last week.
Meanwhile, AUM held by the newly launched nine spot Bitcoin ETFs (excluding Grayscale’s converted GBTC) exceeded $10 billion last week.
Ether (ETH), meanwhile, was last up just over 4% on Monday and back above $2,600.
The release of US CPI data on Tuesday could trigger crypto market volatility.
That depends on how it impacts Fed rate cut expectations.
While the pump in blue-chip cryptocurrencies could continue in the coming sessions, meme coins and shitcoins could experience much larger gains.
That’s because their lower liquidity makes it easier for a few big buy orders to raise the price.
Top Crypto Gainers Today
A new shitcoin called CyberShib ($CSHIB) is up over 4,700% on DEXTools, making it the top crypto gainers today.
But this shitcoin is best avoided, as its probably a scam.
As per DEXTools’ smart contract audit, there is disagreement over whether is could be a honeypot scam.
Its tax also appeared to be modifiable, meaning a 100% sell tax could instantly be implemented.
Investors in this token are likely to have all their money stolen, so beware.
Chinese New Year meme coin DaDa (DADA) has pumped 140% on Monday, as per DEXTools.
That means its market cap is now over $500,000.
It last had liquidity of just over $100,000 and nearly 3,500 holders.
With its high DEXTscore of 90/99 and only one smart contract alert, its unlikely to be a scam.
But investors should always be cautious with low-cap coins, regardless of how innocent they look.
Ferret AI (FERRET)
A shitcoin called Ferret AI (FERRET) that is attempting to ride on hype surrounding a recently launched Apple AI tool is pumping on Monday.
As per DEXTools, it was last up around 130% in 24 hours.
That makes it one of the top crypto gainers today, with its market cap lasting around $485,000.
The token has $110,000 in locked liquidity and just over 2,600 holders.
It also has three smart contract alerts, so investors should be cautious that it could be a scam.
Crypto Alternatives to Consider
Low-cap coins can offer huge potential returns but also come with a lot of risk.
For those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.
This is where investors buy the tokens of upstart crypto projects to help fund their development.
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
Here is a list of 15 of what the project deems as the best crypto presales of 2023:
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