Top Crypto Gainers Today on DEXScreener – BALLER, KEN, SHIBE
On a downbeat day for blue-chip cryptocurrencies, traders are instead utilizing tools like DEXScreener to scour the riskier and more volatile on-chain markets as they hunt for top crypto gainers today.
Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) were down between 1-3.5% in the past 24 hours, per CoinMarketCap.
That’s despite a dovish Fed policy announcement that sent US equities surging and US bond yields diving, as the US central bank signaled that it could cut interest rates as soon as September.
Jerome Powell (Fed Chair):
– "A reduction in our policy rate could be on the table as soon as the next meeting in September."#FederalReserve #FOMC #Video pic.twitter.com/ICCnljanQP
— Kevin Svenson (@KevinSvenson_) July 31, 2024
Bitcoin continues to struggle amid US government/Mt Gox selling-related FUD. And Ethereum continues to struggle amid hefty Grayscale Ethereum ETF outflows.
UPDATE: MT. GOX MOVES $3.1B BTC
Last night Mt. Gox addresses moved 33.96K BTC ($2.25B) to addresses we believe are most likely BitGo:
bc1q26tsxc0ge7phvcr2kyczexqf5pcj8rk79cqk90h34c30dn9dskeq3gmw3f
bc1q48a5tjhdjtkfv8zv6tj68767h8lgep9dpx0emrkx0yhhmum7wscs95ft36
BitGo is the 5th… pic.twitter.com/XWNiZ2boAN
— Arkham (@ArkhamIntel) July 31, 2024
While an improving macro backdrop suggests that a rebound could soon come, impatient traders often prefer turning to micro-cap on-chain markets.
New crypto tokens are launched on blockchains like Ethereum and Solana every day.
Most are scams or pump-and-dumps. And most start with virtually no liquidity, meaning huge potential price swings.
But the prospect of making quick 10x, or even 100x gains is highly enticing to traders.
That said, here are some of the top crypto gainers today as per DEXScreener that traders will be
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