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.
Top Crypto Gainers Today
Cypher AI ($CYPHER)
AI shitcoin Cypher AI ($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 $200,000 in locked liquidity, easing concerns about a potential rug pull.
But traders should note a few concerning aspects to the token’s smart contract, including a modifiable tax.
Traders should always make sure to do their due diligence and never assume any newly launched coin is innocent.
Athenas AI ($ATH)
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 security audit.
Whilst $ATH looks likes fairly innocent token, potential investors should note its 5% buy and sell tax.
OpFlow ($OPFLOW)
A newly launched shitcoin called decentralized computing token OpFlow ($OPFLOW) has pumped up 700% in 24 hours, as per DEXTools.
$OPFLOW has already been able to clinch a market cap of over $1 million and has $180,000 in locked liquidity.
The token has seen an impressive more than $500,000 in the past 24 hours and has accumulated nearly 300 holders.
Whilst those numbers might be impressive, investors should always treat cautiously in the shitcoin market.
Even if they aren’t outright scams, most shitcoins are pump-and-dump schemes designed to suck in unsuspecting buyers.
Crypto Alternatives to Consider
Investing in low-cap shitcoins is a very risky strategy.
An innocent-looking project could easily turn out to be a scam, and a few big sell orders could easily drive the price 80% lower.
A strategy that is still risky, but arguably has a better risk reward is getting involved in crypto presales.
The idea is that investors secure tokens of up-and-coming, high-potential crypto projects/protocols at a discounted early price.
These projects then put those funds to work, paying for protocol development and marketing.
While lots can go wrong when investing in crypto presales—unforeseen circumstances can prevent a project from delivering on its vision—savvy presale investors routinely secure gains of 10x or more.
With hundreds of presale projects vying for investor funds, analysts at Cryptonews have been combing the market.
Here are 14 of the presale projects with the highest potential.
The post Top Crypto Gainers Today on DEXTools – CYPHER, ATH, OPFLOW appeared first on Cryptonews.
