Top Crypto Performers Today on DEXScreener – Moonwalk, FIRST, PEPER
By Joel Frank
Last updated:
June 25, 2024, 11:25 EDT
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3 min read
As Bitcoin (BTC) makes a recovery to reach over $61,000 on Tuesday, after briefly dropping to the mid-$58,000s on Monday due to concerns about Mt Gox-related selling, traders are searching for the top-performing cryptocurrencies today that can offer them quick profits.
Mt Gox, a bankrupt crypto exchange, will start repaying 140,000 BTC to its creditors next month. This news caused a 4.6% decrease in the price of Bitcoin on Monday, as investors speculated that creditors would sell off their holdings. However, some analysts have disputed this idea, pointing out that creditors have ten years to cash in on their holdings by selling their claims. This suggests that most creditors may be long-term holders who are less likely to sell.
Bitcoin also came close to reaching its 200DMA, a major moving average that typically acts as a strong support level during bull markets.
Meanwhile, altcoin markets showed mixed performance on Tuesday. ETH recorded gains of around 1.25% in the past 24 hours, according to CoinMarketCap. On the other hand, Solana (SOL), XRP (XRP), Dogecoin (DOGE), and Cardano (ADA) experienced losses of 1-3% during the same period.
As major cryptocurrencies struggle near recent lows, traders seeking quick profits are turning to more volatile coins. Many are utilizing tools like DEXScreener to analyze on-chain markets and identify the top-performing cryptocurrencies today. Here are some of the most promising performers they are closely monitoring:
Top Crypto Performers Today
Moonwalk (MOONWALK)
Moonwalk (MOONWALK) is a new meme coin with a Michael Jackson theme that has had a spectacular start. Based on SOL, MOONWALK has already achieved a market cap of $5.7 million shortly after its launch. According to DEXScreener, its trading volume so far amounts to $1.2 million. However, MOONWALK, which has surged over 62,000% since its launch, only has $42,000 in liquidity. This means that a small amount of selling pressure could easily cause the token to crash to zero. Potential investors should be aware that most newly launched meme coins are often scams or pump-and-dumps, and they could lose their entire initial investment in on-chain markets.
First (FIRST)
Source: DEXScreener /
FIRSTUSD
First (FIRST) is a joke Solana coin that has surged over 68,000% on Tuesday, maintaining strong momentum since its launch on Monday. The token claims to be a “test token” and humorously advises investors not to buy it. Nevertheless, it has reached a market cap of $4.3 million and has accumulated $11 million in trading volumes within 24 hours. DEXScreener reports that the token only has $130,000 in locked liquidity, similar to Moonwalk. This means that relatively limited selling pressure could result in a significant crash in the price of FIRST. Investors should approach this coin with extreme caution.
Baby Pepe (PEPER)
Source: DEXScreener /
PEPERUSD
Baby Pepe (PEPER), a baby version of Pepe, is currently gaining popularity. Since its launch, this coin has surged nearly 50,000%, reaching a market cap of $4.5 million. It has also generated impressive trading volumes of $10.4 million. However, there have been claims from some users that the token has fake followers, fake volume, and fake comments. It is uncertain if these volumes have been artificially inflated to boost the token’s appeal. Investors should proceed with caution and be aware of the risks associated with this coin.
A Safer Alternative to Risky Coins – Crypto Presales
Although some of these coins have the potential to increase by 100 times their value, the majority are likely to fail, leaving investors unable to find liquidity to sell. A potentially better alternative to investing in newly launched meme coins is to participate in presales. With presales, traders have more time to research a project and determine if it is a suitable investment. If traders can accurately identify projects that gain traction, they have the opportunity to make significant profits. The analysts at Cryptonews closely monitor the presale market and have compiled a list of the top presales for 2024.
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Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes only and does not constitute investment advice. There is a possibility of losing all capital invested.
