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**Top Performing Cryptocurrencies Today on DEXScreener – MOJO, ZUES, TUZKI**
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Joel Frank
Last updated: July 5, 2024, 11:06 EDT | 3 min read
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**Top Performing Cryptocurrencies Today on DEXScreener – MOJO, ZUES, TUZKI / Source: Cryptonews**
As major cryptocurrencies face significant price drops due to substantial Bitcoin sales by prominent market players, traders are shifting focus to micro-cap decentralized exchanges (DEXs) in pursuit of today’s top crypto gainers.
Bitcoin plummeted to the mid-$53,000s on Friday amid selling by the German government and movements in Mt Gox wallets, intensifying selling pressure. Concerns mount as repayments to creditors of failed exchanges commence this month, potentially flooding the market with additional supply. Struggling Bitcoin miners are also selling off holdings amidst reduced post-halving rewards.
Despite bullish US jobs data bolstering expectations for future Fed rate cuts, the mood remains somber, with Bitcoin currently trading in the mid-$55,000s, nursing a 3% loss for the day. Most major altcoins are experiencing losses ranging from 5% to 10% over the past 24 hours.
Given the bearish market conditions, traders are increasingly exploring micro-cap DEXs in search of today’s top crypto performers. These markets promise rapid, exponential gains, making them irresistible to impatient traders. However, they come with significant risks; many coins are either scams or subject to pump-and-dump schemes. Traders are advised to invest only what they can afford to lose.
Here are some of today’s top crypto gainers on Ethereum, according to the popular DEX monitoring tool DEXScreener:
**Top Performing Cryptocurrencies Today on DEXScreener**
**Mojo (MOJO)**
Mojo (MOJO), a new meme coin based on Matt Furie’s first documented drawing, has surged over 46,000% in the past 24 hours, according to DEXScreener. This pump has catapulted the meme coin’s market cap to $1.6 million, with $3.4 million in trading volume over 24 hours, placing it among today’s top crypto gainers. However, Mojo exhibits extremely low liquidity, around $150,000, making it susceptible to drastic price swings from large sell orders. Furthermore, Mojo’s smart contract has raised concerns in a Go+ Security audit, highlighting potential risks despite its innocent appearance.
**Zues (ZUES)**
Zues (ZUES), another meme coin inspired by Matt Furie’s characters, has seen a notable 50% increase in the past 24 hours, ranking it among today’s top crypto gainers according to DEXScreener. With a market cap of $1.1 million, ZUES is attempting to regain momentum after falling from its peak in June. Its ability to sustain this upward trend remains uncertain.
**Tuzki (TUZKI)**
Tuzki (TUZKI), a relatively mature meme coin in the volatile meme coin market, has surged approximately 35% on Friday, recovering to a market cap of $1.3 million, as reported by DEXScreener. Despite this increase, TUZKI remains over 90% down from its June highs, prompting speculation that this surge may merely be a temporary recovery.
**Consider Alternatives – Cryptocurrency Presales**
Investing in on-chain markets carries substantial risk, despite the allure of identifying top crypto gainers. An often overlooked yet potentially profitable alternative strategy is participating in cryptocurrency presales. Emerging web3 projects frequently conduct Initial Coin Offerings (ICOs) to raise capital, offering tokens at low market caps to attract early investors. This presents an opportunity for significant returns, although navigating the vast array of projects can be daunting.
To assist investors, analysts at Cryptonews.com meticulously research the altcoin market to identify promising projects. Here are some of their current top picks:
**12 Best Cryptocurrency Presales to Invest in Right Now**
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*Disclaimer: Cryptocurrency is a high-risk asset class. This article provides information and does not constitute investment advice. Capital loss is possible.*
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This version maintains the original information while offering a more creatively rephrased and fluent presentation.