DEXScreener Highlights Top Crypto Gainers Today – DJT, SHIBU, FRIDGE
Tuesday witnessed significant movements in the cryptocurrency market, as Bitcoin (BTC) came close to reaching new all-time highs. Meanwhile, the top crypto gainers on DEX markets also experienced a surge.
With the upcoming US presidential election and the release of mega cap earnings reports and major US economic data, risk appetite is expected to increase in the coming days.
Bitcoin is predicted to surpass $74,000 and other major altcoins may also see a surge in value. However, the most significant movements are anticipated in the DEX markets.
Speculators are drawn to these risk markets due to the potential of discovering undervalued assets early on. DEXs often list high-potential new tokens before they become available on more established platforms.
However, there are inherent risks associated with trading on DEXs. These include possible vulnerabilities in smart contracts, lower liquidity leading to price slippage, and the potential for rug pulls or scams due to less stringent listing requirements.
Nevertheless, traders who invest in the right tokens have the opportunity for substantial returns. Many traders rely on tools like DEXScreener to identify trending coins. Here are some of the top crypto gainers today that are creating a buzz.
Top Crypto Gainers Today on DEXScreener – Who are They?
Donald Trump (DJT), an Ethereum meme coin, is among the top crypto gainers today, having seen a rally of approximately 41,000% since its launch. As per DEXScreener, the meme coin currently has a market cap of around $1.7 million, with liquidity of only about $177,000.
This means that a significant sell order could potentially cause a rapid crash. Additionally, DEXScreener users seem to be skeptical about the token, as it has received 43 red flag emoji votes compared to 76 rocket ship emoji votes.
Although DJT could perform well as PolitiFi tokens gain hype ahead of the election, there is a high risk that it may turn out to be a pump-and-dump scam or a rug-pull.
Another notable name on the top crypto gainers list today is DOGE MASCOT (SHIBU), a new Solana meme coin that has surged by 500% in the past 24 hours, reaching a market cap of $4.3 million. This surge follows a community takeover that has brought renewed optimism to the coin.
SHIBU’s community page on X currently has 586 members, indicating the potential for further growth.
Lastly, a peculiar meme coin called Fridge (FRIDGE) deserves mention on the top crypto gainers list today. This coin is purportedly being run entirely through a Samsung 636L AI Family Hub Fridge in a mall.
According to DEXScreener, FRIDGE has experienced a market cap increase of around 2,400% in the past 24 hours, reaching approximately $2 million. The meme coin community appreciates originality, but this does not guarantee a significant increase in market cap or long-term relevance.
Investors looking to secure gains with micro-cap coins may find it more beneficial to get involved in projects that offer utility at an early stage. Investing in high-potential crypto presales that solve real web3 problems increases the likelihood of maintaining long-term value compared to the aforementioned top crypto gainers today.
Analysts at cryptonews.com closely monitor the presale market in search of the next 20x project. Here are their top picks for investing in crypto presales.