Top Crypto Gainers Today on DEXScreener – BARIO, FWUG, SPX
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
As major cryptocurrencies consolidate close weekly highs but remain locked well within multi-month ranges with no major surge in sight, impatient traders are turning to the higher-risk on-chain DEX markets as they hunt top crypto gainers today.
Bitcoin (BTC) was changing hands just above $58,000 during early Wednesday Asia Pacific trading hours.
That’s an impressive more than 10% rally from recent lows under $53,000.
But it also leaves the world’s largest cryptocurrency by market cap 17% down versus July highs, and 21% down versus yearly highs.
US economic and Presidential election uncertainty is likely to keep risk appetite subdued, even though the Fed is on the cusp of kicking off a new rate-cutting cycle.
Current Market expectations for Fed Rate Cuts…
-Sep 18, 2024: 25 bps cut to 5.00-5.25%
-Nov 7, 2024: 50 bps cut to 4.50-4.75%
-Dec 18, 2024: 25 bps cut to 4.25-4.50%
-Jan 25, 2025: 50 bps cut to 3.75-4.00%
-Mar 19, 2025: 25 bps cut to 3.50-3.75%
https://t.co/l5IYmkf6Ih pic.twitter.com/Y2wZRHE4r5
That suggests the near-term outlook for major cryptos remains highly uncertain.
It’s no surprise then that impatient traders are tempted by the volatility of the on-chain DEX markets, where new cryptos routinely enjoy rapid exponential price pumps.
Traders often turn to tools such as DEXScreener to search for trending coins and top crypto gainers today.
Here are some trending coins that they will be watching.
A new Base meme coin called Base Mario (BARIO) ranks as one of the top crypto gainers today, with a 70% gain in the past 24 hours that
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