Top Crypto Gainers Today on DEXScreener – wDOG, SMART, KDH
Crypto markets are staging an impressive rebound following Monday’s epic rout that some termed “crypto black Monday”, but some traders are turning their focus to micro-cap on-chain markets as they hunt for top crypto gainers today.
Bitcoin (BTC) reclaimed $56,000 in recent trade, having at one point dipped under $50,000 on Monday.
The crypto dump came as global stock markets also tumbled.
Nearly $3 trillion has been wiped from the US stock market due to growing fears of a global recession.
Today is the worst day for stocks since March 2020 when the world shut down for a pretend virus. pic.twitter.com/913CQAAToD
— Layah Heilpern (@LayahHeilpern) August 2, 2024
That said, downside risks remain. The Fed hasn’t moved just yet to ease investor angst that their high interest rate policy may be about to tilt the US economy into recession.
Geopolitical tensions remain elevated as Iran primes to launch an attack on Israel.
And the ongoing unwinding of the over-saturated pro-risk yen carry trade could yet accelerate.
It may not be long until major cryptos like Bitcoin tumble back to fresh lows.
Its no surprise then that given the market’s bearish conditions, traders are looking for alternatives to make quick cash.
Traders often turn to tools like DEXScreener to hunt for top crypto gainers today.
DEXScreener is a tool to monitor the trade of crypto tokens on blockchain-based decentralized exchanges like Raydium on Solana.
Here are some top crypto gainers today on the Solana blockchain that traders will be watching.
A new Solana meme coin called wrapped Dog (wDOG) is up 5,000% in the past 24 hours per DEXScreener.
That massive pump has seen it claim a market cap of $2.6 million and accumulate liquidity of nearly $200,000.
The token appears to have
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