Discover the Top Crypto Gainers Today on DEXScreener: ARKY, PEEPO, THREE
Traders seeking the best performing cryptocurrencies today are turning to DEXScreener, a valuable tool for navigating the volatile on-chain markets. As blue-chip crypto markets rebounded on Friday, following the latest US jobs report and the anticipation of multiple rate cuts for 2024, traders are exploring opportunities in the highly illiquid on-chain markets.
On-chain markets refer to the trading of crypto tokens and assets directly on an existing blockchain. For instance, Shiba Inu (SHIB), which is the second-largest meme coin in the crypto world, was issued as an ERC-20 token on the Ethereum blockchain. While it can be traded off-chain on centralized exchanges, the majority of SHIB transactions occur on Ethereum. These tokens can be transferred between wallets or traded on decentralized exchanges (DEX).
Launching a token on a blockchain like Ethereum is relatively easy, which explains the continuous emergence of new meme coins and “shitcoins.” These new coins often experience exponential gains, attracting traders to the on-chain market in the hopes of striking it rich. However, these markets are highly illiquid, and tokens can lose their value rapidly. Furthermore, most newly launched tokens are either scams or pump and dump schemes, lacking long-term value.
Traders must conduct thorough research before investing and should never risk more than they can afford to lose. Keeping this in mind, here are some of the top crypto gainers on Ethereum today, according to DEX analytics tool DEXScreener.
Top Crypto Gainers Today:
1. Arky (ARKY): Arky is a new dog meme coin that claims to be named after the founder of Bitcoin’s dog. It has experienced a significant pump, with a 15,300% increase according to DEXScreener. The token currently has a market cap of approximately $630,000 and around $100,000 in locked liquidity. Traders should exercise caution as there are two issues with the token’s smart contract. Nevertheless, the community seems to have a positive sentiment towards this coin, as evident from the 82 rock emoji votes on DEXScreener compared to only 3 shitcoin votes and 7 red flag votes.
2. Peepo (PEEPO): Peepo is a shitcoin that has been in existence for over a year but has recently gained momentum. It has seen a 320% pump, reaching new yearly highs as per DEXScreener. The token currently has a market cap of around $5.6 million and approximately $930,000 in locked liquidity. While it is unlikely to be a scam at this point, it seems to be a failed meme coin attempting a comeback.
3. Three Protocol Token (THREE): Three Protocol Token is experiencing a pump on Friday, with a 100% gain in the past 24 hours according to DEXScreener. This decentralized marketplace-focused protocol token currently has a market cap of approximately $28 million and has accumulated an impressive $800,000 in locked liquidity. It only has one smart contract issue.
Alternative Investment Strategy to Consider – Presales:
Investing in crypto presales/ICOs can yield even higher returns if done correctly. Often overlooked, this strategy involves investing in micro-cap gems. Web3 projects/protocols often offer their native tokens at discounted prices to early investors to fund their development. By identifying projects with strong vision, use case, and competent teams that gain traction in the market, investors can potentially make substantial profits. However, navigating the presale market can be challenging for newcomers. To help, Cryptonews has compiled a list of their top 20 picks.
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Disclaimer: Crypto is a high-risk asset class. This article is for informational purposes only and does not constitute investment advice. Investing in crypto carries the risk of losing all of your capital.