Top Crypto Gainers Today on DEXScreener – DONJR, BLAST, RKC
Major cryptos are holding within recent ranges and above the multi-week/month lows printed on Monday, but subdued trading conditions is seeing traders turn to the highly volatile on-chain micro-cap markets as they hunt for top crypto gainers today.
Bitcoin (BTC) was last just above $61,000 and Ethereum (ETH) was in the mid-$3,300s.
Source: TradingView / BTCUSDTraders are awaiting US Core PCE inflation data and quarterly option expiries on Friday.
In the meantime, sell pressure from the German government , Bitcoin miners and concerns about Mt Gox repayments will probably continue to weigh on the market.
That’s why traders are flocking to the wild on-chain markets to top crypto gainers.
On-chain markets refer to the market for tokens issued on-chain.
New tokens are popping up all the time, with most either scams or pump-and-dump schemes.
Coupling that with low liquidity and fast price changes makes for very dangerous trading conditions.
Investors can quickly lose their entire investment.
That said, on-chain markets are pretty much the only place where investors can book quick 50x+ gains.
That’s why traders continue to flock to them, despite the risks. Is the allure of going from rags to riches.
Traders frequently use tools such as DEXScreener to monitor the on-chain markets.
Here are some top crypto gainers today on Ethereum that they will be watching.
Top Crypto Gainers Today
Don Jr. (DONJR)
A recently launched meme coin-themed on ex-US President Donald Trump’s son, Don Jr. (DONJR) is pumping hard.
It rallied 84,000% in the past 24 hours, as per DEXScreener , reaching a $6.8 million market cap.
The token is trying to benefit from the ongoing pump in PolitiFi tokens.
The token has no issues with its smart contract, as per Go+ Security and Quick Intel.
But it has a bad community score. 262 DEXScreener users have voted on the red flag emoji to just 131 on the rocket emoji.
That suggests the community is suspicious.
Investors should bear this in mind and be prepared to lose anything they put into this coin.
BLAST (BLAST)
Source: DEXScreener / BLASTUSDA new meme coin called Blast (BLAST) is up over 66,000% as per DEXScreener .
That’s taken its market cap to around $380 million.
That’s suspiciously large, and suggests market manipulation or something fishy could be going on.
Go+ Security thinks this token could be mintable, and the owner can change balances.
This token could easily be a scam, and is probably best avoided.
Rakuichi Token (RKC)
Source: DEXScreener / RKCUSDA just-launched shitcoin called Rakuichi Token (RKC) is up 400% in the past 24 hours.
As per DEXScreener , the token has reached a market cap of $7.1 million in wake of $1.9 million in trading volumes.
But this token looks suspicious. It doesn’t have any social media linked to its DEXScreener profile.
There is no description about what the token is all about.
And Go+ Security has identified various issues with the token.
These include that the token is mintable, ownership isn’t renounced and the owner is hidden.
Crypto Alternatives to Consider
Rather than investing in scammy micro-cap meme coins, investors might want to instead consider meme coin presales.
Analysts at Cryptonews.com keep a close eye on the presale market and they have compiled a list of their favorite meme coin presales worth checking.
15 Best Meme Coins to Buy in June 2024
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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