Todays Top Crypto Gainers on DEXScreener SLUMBO NCAT BABYWOLF

The Best Cryptocurrencies on DEXScreener Today – SLUMBO, NCAT, BABYWOLF


By Joel Frank
Last updated:
June 21, 2024 12:41 EDT
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2 min read


The Top Cryptocurrencies to Invest in Now on June 21 – Bitcoin, Fantom, Ethereum Name Services / Source: Cryptonews
As major cryptocurrencies like Bitcoin (BTC) struggle, with Bitcoin dropping to the mid-$63,000s due to ETF outflows, miner sell pressure, and the German government looking to sell its holdings, investors are turning to the highly volatile and illiquid micro-cap markets in search of the best crypto gainers today.
Bitcoin is trading within its multi-month ranges, and the same can be said for most major altcoins.
During “boring” market conditions, traders seeking volatility often turn to the micro-cap markets, which are always active.
Micro-cap markets refer to the on-chain crypto markets, where tokens can be issued and traded without restrictions.
New coins are launched on blockchains like Ethereum and Solana every day, but most of them are scams or pump-and-dumps, and very few have long-term value.
However, trending tokens can sometimes see gains of 100 or even 1,000x, but they can also become worthless in an instant, especially with a rug-pull.
Here are the top crypto gainers today on DEXScreener that traders are keeping an eye on:
Top Crypto Gainers Today
Slumbo (SLUMBO)
A newly-launched Solana meme coin called Slumbo (SLUMBO) has surged over 69,000% today, according to DEXScreener.
The token’s market cap is around $2.7 million, with locked liquidity of around $130,000.
https://twitter.com/Slumbo_io/status/1804159940396810266
With a small market cap, there is still plenty of room for growth, but like all newly launched meme coins, SLUMBO is likely just another pump-and-dump.
Baby Landwolf (BABYWOLF)
A newly-launched Base meme coin called Baby Wolf (BABYWOLF) has seen a 4,600% increase, according to DEXScreener.
However, the token is down over 50% from its highs, and its market cap is only $85,000.
This meme coin may not go far, but with such a low market cap, investors could make big gains if it did.
Investors should do their due diligence before getting involved in micro-cap meme coin markets.
NCAT (NCAT)
Another new Solana meme coin called NCAT (NCAT) has surged 4,600% since launch, with a market cap of around $17 million, making it one of the top crypto gainers today.
According to DEXScreener, its liquidity is only $90,000, which is very low for a $17 million meme coin, indicating that a small amount of DEX sell pressure could trigger a massive price downside.
The meme coin only has a Telegram link, which is a red flag, and its community vote score on DEXScreener is also concerning, with many users expressing distrust and skepticism.
Crypto Alternatives to Consider
Instead of investing in questionable micro-cap meme coins, investors should consider meme coin presale investing.
Analysts at Cryptonews.com keep a close eye on the presale market and have compiled a list of meme coin presales with potential.
15 Best Meme Coins to Buy in June 2024
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Disclaimer: Cryptocurrency is high-risk, and this article is provided for informational purposes only and does not constitute investment advice. You could lose all of your capital.