Top Crypto Gainers Today on DEXScreener – PRESIDENT, MARV, BITCOIN
Joel Frank
Last updated:
May 30, 2024 17:38 EDT
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2 min read
In a relatively calm day for major cryptocurrencies, Bitcoin (BTC) made a slight upward movement to the $68,000s. However, it remained within its recent range as traders eagerly awaited the release of US Core PCE inflation data on Friday. During this time, traders seeking the top crypto gainers today turned their attention to the volatile on-chain crypto markets.
Bitcoin, currently priced at $68,400, continues to stay within its weekly ranges.
Ethereum (ETH), on the other hand, dropped back to the $3,700s as traders pondered the potential launch of spot Ethereum ETFs.
Most other major altcoins experienced subdued trading conditions, with Solana (SOL), Toncoin (TON), and Dogecoin (DOGE) either flat or 3% lower in the past 24 hours.
When trading conditions are flat, it often encourages investors who seek volatility to explore riskier markets.
The riskiest markets in the crypto world are the markets for on-chain tokens, which are traded on decentralized exchanges.
New meme coins and shitcoins are launched every day, but most of them turn out to be pump and dumps or scams. Traders need to exercise caution.
Hardly any newly launched tokens hold long-term value. However, some of them can experience gains of 20, 50, or even 100 times their initial value.
Here are the top crypto gainers today that traders are monitoring using tools like DEXScreener.
Top Crypto Gainers Today
Trumpy (PRESIDENT)
A meme coin with a cat/Trump theme called Trumpy (PRESIDENT) has experienced a significant surge since its launch this week.
According to DEXScreener, PRESIDENT has gained 62,000% in the past 24 hours, pushing its market cap up to $1.1 million.
This new Solana meme coin has gained considerable support on social media.
As per X, a supply burn is scheduled once the token reaches a market cap of $15 million.
However, there is no reason to believe that this meme coin is anything special. Traders must conduct their own research before investing.
MARV (MARV)
MARV (MARV) is a new Ethereum-based shitcoin with a Pepe-style design that has surged over 800% in the past 24 hours.
According to DEXScreener, it currently has a market cap of $2.1 million and $7.2 million in 24-hour trade volumes.
Potential buyers should exercise caution. According to a Go+ Security audit, token transfers can be paused, which raises concerns about the legitimacy of this coin.
BonkWifCatShark (BITCOIN)
BonkWifCatShark (BITCOIN) is a new Solana shitcoin that is trying to gain traction.
Its token has experienced an 11,000% increase, but its market cap is only $180,000, according to DEXScreener.
BITCOIN has gained popularity among DEXScreener users, with 468 rocket ship emoji votes and 37 fire votes, compared to 11 poop emojis and 54 red flags.
Alternative Investment Strategy – Crypto Presales
Shitcoins like the ones mentioned above are highly risky. Investing in meme coin presales could potentially result in much larger gains.
One meme coin that analysts at Cryptonews.com believe has significant potential is PlayDoge (PLAY).
PlayDoge is not just a meme coin; it powers a fun, mobile-based game and offers play-to-earn (P2E) utility.
Despite being recently launched, the crypto presale has already raised close to $500,000.
With a modest market cap of under $50 million, PLAY is launching at $0.005.
Depending on its game’s popularity, PLAY could be one of the most promising meme coin investments this cycle.
Visit Playdoge Here
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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. You could potentially lose all of your capital.