Traders use platforms like DEXScreener to find the top crypto gainers today. Source: DEXScreener’s X Account
As bullish momentum returns to the crypto market on Monday and Bitcoin (BTC) eyes a retest of its all-time highs, traders looking to turn a quick profit are flocking to the on-chain micro-cap markets as they hunt for top crypto gainers today.
Blue-chip crypto markets are pumping on Monday, with Bitcoin up over 2% and trading above $71,500. Ether (ETH) is up close to 8% in 24 hours, as per CoinMarketCap to the mid-$3,600s.
A pump in the prices of major cryptocurrencies can trigger an uptick in risk-taking activity on on-chain microcaps.
That’s because crypto investors holding blue-chip cryptos all of a sudden have more capital to play with. And they may be anticipating that outperformance in the blue-chip markets translates into upside in the on-chain market.
For reference, on-chain markets refer to the market for digital assets that have been issued directly on top of an existing blockchain.
For example, the Shiba Inu (SHIB) token is issued on Ethereum as an ERC-20 token.
These tokens can then be traded on decentralized exchanges (DEX) and perhaps on centralized exchanges if they get big enough.
They are often referred to as meme coin (or shitcoin) markets and virtually anyone can issue a token at any time.
As a result, these on-chain markets are replete with scams and pump-and-dump schemes.
But shitcoin markets are the only place to find tokens that can rally in the 50-100x region.
Here are a few of the top crypto gainers today on Ethereum that traders will be monitoring, as per DEXScreener.
Top Crypto Gainers Today
TNSR (TNSR)
A newly launched shitcoin called TNSR (TNSR) is pumping hard on Monday.
It is up over 1,000,000% since its launch, as per DEXScreener. It also has $1.2 million in locked liquidity, though its market cap is still small at $117,000.
Traders shouldn’t be fooled by these impressive numbers, as the token could well be a scam.
Go+ Security’s smart contract audit reveals the token is mintable and the issuer can change balances. That suggests that, at any moment, a rug pull is possible.
Traders must always do their due diligence before stepping into the highly risky on-chain markets.
Notifi AI (NOAI)
Just launched decentralized communication protocol Notifi AI (AI) has pumped up 656% since its launch on Monday.
That’s according to DEXScreener, who puts the token’s market cap at $290,000.
The token also has $201,000 in unlocked liquidity, and so could end up being a rug pull.
Go+ Security finds no concerning aspects to the token’s contract. But that doesn’t mean its safe to invest in. DYOR.
Cloverswap (CLOVER)
Just-launched decentralized trading token Cloverswap (CLOVER) is up 400% since its launch on Monday.
As per DEXScreener, it has a market cap of $376,000 and $325,000 in liquidity.
Go+ Security find no issues with its smart contract. While this could be a low-cap gem, there are no zero-risk investments in the on-chain markets.
Crypto Alternatives to Consider
Investing in low-cap shitcoins is a very risky strategy.
An innocent-looking project could easily be a scam, and a few big sell orders could easily drive the price 80% lower.
A strategy that is still risky, but arguably has a better risk reward is getting involved in crypto presales.
The idea is that investors secure tokens of up-and-coming, high-potential crypto projects/protocols at a discounted early price.
These projects then put those funds to work, paying for protocol development and marketing.
While lots can go wrong when investing in crypto presales—unforeseen circumstances can prevent a project from delivering on its vision—savvy presale investors routinely secure gains of 10x or more.
With hundreds of presale projects vying for investor funds, analysts at Cryptonews have been combing the market.
Here are 14 of the presale projects with the highest potential.
See the 14 Cryptocurrencies
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