Today on DEXScreener, the top gainers in the crypto market are BOOTY, RMP, and GMC. As Bitcoin experiences a surge in response to positive US economic news, savvy traders are turning to alternative coins to capitalize on the day’s big movers in the on-chain markets.
The anticipation of the US CPI and FOMC interest rate decisions has had a favorable impact on both stocks and the crypto market. While the month-on-month CPI remains steady, the year-on-year figure is slightly lower than expected.
Currently, Bitcoin is trading at $68,713, showing a 4% increase from $66,334 in the last 24 hours. Ethereum is hovering around $3,555, with SOL, BNB, DOGE, and ADA also seeing gains of 2.04-2.8%.
With traditional blue-chip assets not generating much excitement due to their prices, many traders are exploring on-chain markets for short-term profit potential. However, it’s important to note that these markets come with risks, as many new coins can be pump-and-dump schemes.
Here are today’s top gainers according to DEXScreener:
BOOTY (Kim Kardashian): A newly launched meme coin on the Solana blockchain, BOOTY has surged by over 23,400% since its launch, reaching a market cap of $564.5 million.
RMP (Roaring Muscle Pepe): Another Solana memecoin, RMP has seen a 46,400% increase in price since its launch, currently trading at approximately $215 million in market cap.
GMC (Game Cat): GMC has gained 6,300% in the last 24 hours, with a market cap of $310.3 million. Traders should exercise caution with this token, given its rapid growth and limited supply distribution.
While investing in new memecoins can be risky, exploring thoroughly researched presale opportunities recommended by industry experts may offer more stability. By following the top presales identified by CryptoNews, investors can potentially make significant profits without succumbing to FOMO and rushed decisions in the volatile crypto market.
Disclaimer: Cryptocurrency is a high-risk asset class, and this article is for informational purposes only. It does not constitute investment advice, and there is a risk of losing all capital invested.