As major cryptos remained stuck within recent ranges as traders digest Ethereum ETF approvals and hotter-than-expected US economic data released this week, traders are turning to the on-chain markets as they hunt for the top crypto gainers today.
Bitcoin (BTC) was last trading just below $69,000, up 4% this week.
Ethereum (ETH), meanwhile, is changing hands in the $3,700s, up over 21% this week.
Both cryptos are currently trading 4-5% below earlier weekly highs.
Ethereum ETF approvals are an important bullish catalyst, but macro headwinds appear to have scuppered the market’s momentum.
As blue-chip cryptos struggle, traders are turning to alternative assets as they hunt volatility.
And the on-chain markets are the perfect place to make quick gains or losses.
Here are some top crypto gainers today on Ethereum decentralized exchanges (DEX), as per DEXScreener.
A new meme coin paying respects to the death of Kabosu, the Shiba Inu dog that inspired the creation of Dogecoin, called EGOD (EGOD) has sprung up on Friday and is performing well.
The token was last up 15,900% since its launch, as per DEXScreener.
Its market cap was last around $1.1 million, with $200,000 in liquidity.
A new shitcoin called Degen Smerf (SMERF) is up 7,800% since its launch, as per DEXScreener.
Degen Smerf $SMERF (ERC-20)
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