Biggest Crypto Gainers Today on DEXTools – TOSHI, BULLET, XBTC
Blue chip crypto markets are on the front foot on Tuesday, with Bitcoin (BTC) at its highest level in nearly a week above $29,500 and up close to 3% in the last 24 hours, and Ether (ETH) approaching a retest of $1,850 and up around 2% in the last 24 hours.
The total crypto market’s capitalization was last up around 1% on Tuesday at around $1.137 trillion, with sentiment seemingly lifted as investors digest the news of PayPal’s move to launch its own stablecoin, which could significantly boost crypto’s broader adoption.
Sentiment is also getting a boost from positive commentary from Galaxy CEO Mike Novogratz, who was quoted by Bloomberg as saying that, as per his contacts, it’s a matter of “when, not if” BlackRock and Invesco and other secure spot bitcoin ETF approval from the SEC, and this could occur within the next “four to six months”.
Arguably, technicals are also playing a role.
Bitcoin just tested its 2023 uptrend, which could have encouraged dip buyers to jump in, while Ether just tested its 200DMA.
Despite the intra-day bounce in blue chip markets, big coins remain stuck within recent multi-month ranges.
Traders with a higher tolerance for risk continue to turn to the much more volatile shitcoin/meme coin markets for opportunities.
Here are some of the best-performing small-cap coins on the day, as per DEXTools.
A cat-themed meme coin called Toshi continues to pump just over one day after its launch and was last up close to 200% in the last 24 hours, as per DEXTools.
The token was last trading at record highs in the $0.0000017 area, with a market cap of close to $350,000, close to $300,000 in liquidity and close to 400 holders.
TOSHI doesn’t appear to have any concerning aspects to its token contract.
But the token’s
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