In wake of the cryptocurrency market’s latest tumble which saw Bitcoin (BTC) drop convincingly below $60,000 for the first time since late February, traders are turning to the on-chain markets as they hunt for top crypto gainers today.
Bitcoin was last trading in the $57,000s as traders digest the latest Fed policy announcement. Negative ETF flows are also on their radar, with Bitcoin ETFs having seen outflows now for five straight days.
Most altcoins are also in the red. That is encouraging traders looking to turn a quick profit to turn to the volatile, unpredictable on-chain markets.
On-chain markets refer to the market for assets that were issued and trade directly on the blockchain.
Dozens of new tokens are launched every single day. Most are pump-and-dump schemes or scams. But there are some gems to be uncovered, that could hand an early investor quick 10 or even 100x gains.
Traders often refer to tools like DEXScreener to locate trending and pumping coins.
That being said, here are some of the top crypto gainers today on Ethereum, as per DEXScreener.
A newly launched crypto called AITaxBot (AITAX) is up 1800% on Wednesday, as per DEXScreener.
The shitcoin last had a market cap of $370,000, with $130,000 in locked liquidity, with volumes so far of $520,000.
The token has four concerning aspects to its smart contract, as per Go+ Security. Investors need to be cautious.
A meme coin called America (AMERICA) that was launched three days ago continues to push higher.
It was last up 220% in the past 24 hours, with a market cap of $5.1 million as per DEXScreener. It also has a solid $260,000 in locked liquidity.
The meme coin has been on a donating spree to US veterans.
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