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...
The historic best month of the year for cryptocurrency markets is here and traders are hunting top crypto gainers today in the DEX markets that might hand them quick gains.
Bitcoin (BTC) ended September in the mid-$63,000s, a 7.35% gain for the month, per TradingView.
That’s highly unusual, given September is normally one of the worst months of the year for Bitcoin.
Since 2014, Bitcoin has only finished September with gains three times and its average return has been -4.4%, per bitcoinmonthlyreturn.com.
October, meanwhile is another story. Since 2014, seven out o nine October’s have been positive.
Since Bitcoin’s inception, its average October monthly return has been 27%.
Some traders thus refer to the month as “Uptober”.
In fact, one of the top crypto gainers today that has been getting attention is a new Solana meme coin called just that.
Per DEXScreener, Uptober (UPTOBER) has pumped up 3,000% in the past 24 hours, reaching a market cap of $1.8 million.
Much of these gains have come in the last few hours.
Any trader who bought UPTOBER right after its launch could have found themselves up as much as 30x.
This is a perfect example of the appeal of DEX markets.
Yes, most of these new tokens are worthless shitcoins.
But if they catch the zeitgeist, even momentarily (as UPTOBER appears to be doing), they can hand investors massive returns.
Here are two other top crypto gainers today in the DEX markets that traders will be watching.
Another Solana shitcoin called Fish In Condom (FIC) is performing well at the start of the week.
FIC was last
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