As major blue chip cryptos like Bitcoin (BTC) and Ether (ETH) nudge higher on Friday but remain stuck within weekly ranges, traders looking for faster gains continue to migrate to the highly volatile on-chain shitcoin markets on the hunt for top crypto gainers today.
BTC and ETH were last between 1-2% higher in the past 24 hours, as per CoinMarketCap.
Whilst the outlook for both remains positive as Bitcoin ETF inflows remain strong and macro tailwinds come in following dovish Fed commentary, impatient traders looking for even faster gains continue to turn to riskier alternatives.
Some will be looking at smaller, but still well-established altcoin names, which frequently pump as much as 20% per day.
But others with an even higher risk tolerance will be hunting for shitcoins to trade using DEXs like Uniswap.
That being said, here are some of the top crypto gainers today, as per DEX analytics tool DEXTools.
AI shitcoin Cypher AI ($CYPHER) has been pumping since its launch two days ago.
As per DEXTools, the shitcoin is up 850% in the past 24 hours, with its market cap having reached $1.3 million.
It also has over $200,000 in locked liquidity, easing concerns about a potential rug pull.
But traders should note a few concerning aspects to the token’s smart contract, including a modifiable tax.
Traders should always make sure to do their due diligence and never assume any newly launched coin is innocent.
Another AI shitcoin called Athenas AI ($ATH) has pumped up more than 1000% in the past 24 hours.
That’s according to DEXTools, which puts its market cap at $2 million.
$ATH has $150,000 in locked liquidity, easing concerns about a potential rug pull.
The token only has one concerning to its smart contract, as per DEXTools’ smart contract
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