A Bearish Trend Hits the Crypto Market
By Jimmy Aki
Updated on June 20, 2024, at 16:10 EDT
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Read Time: 3 min
Neuracat, Matt Furie, and Landwolf are leading the pack as the top cryptocurrency gainers in the current market.
The cryptocurrency market is currently experiencing a bearish trend, with a decrease of 0.12% in the past 24 hours, resulting in a market cap valuation of $2.38 trillion.
Over the same period, trading volume has decreased by 20.89%.
Bitcoin (BTC) has fallen by 0.28% in the past 24 hours, while Solana (SOL) has dropped by 2.3%.
During bearish phases, investors often turn to on-chain markets, where they can find illiquid and highly volatile tokens to invest in.
In these markets, crypto tokens are directly launched and traded on the blockchain. With the low costs associated with launching a new token on the blockchain, there is a wide range of options available.
However, investors must exercise caution. Some tokens traded on these markets are intentionally designed to deceive unsuspecting traders through fraudulent activities like rug pulls.
With that being said, let’s take a look at the top crypto gainers today on DEXScreen.
We have compiled a list of the top three crypto gainers today on DEXScreener, all of which are based on Solana, and provided detailed insights into their structures.
Top Crypto Gainers of the Day
1. Neuracat ($NCAT)
Neuracat (NCAT) is running on Solana and was launched just ten hours ago. Within this short period, it has already seen a remarkable return of 26,000%.
This memecoin is associated with Neuralink, Elon Musk’s company that is developing a brain-computer interface called “The Link.” The founder, Noland Arbaugh, claims to have created the token using the Neuralink machine, presenting $NCAT as a high-potential opportunity for early supporters.
As a memecoin, NCAT lacks intrinsic utility and relies heavily on community-driven hype. It has been listed on the LBank exchange.
Despite being new, NCAT has quickly built a sizable community. Its X account already has 1,231 followers, and its Telegram group has 721 members.
While these numbers may be modest compared to more established assets, they are impressive for a brand-new meme token that emerged suddenly.
At present, NCAT is trading at $0.01265 with a market cap of $13.4 million and 5,670 holders. Meme enthusiasts believe that NCAT’s rapid growth indicates potential for further gains in the coming days, making it an attractive opportunity for short-term traders.
2. Matt Furie ($FURIE)
Another lively memecoin on the Solana chain that is making waves among today’s crypto gainers is $FURIE. $FURIE is being promoted as “the last NFT narrative coin,” emphasizing community engagement, memetic warfare against normies, and financial freedom aligned with the DeFi philosophy.
The coin was launched just two hours ago and has already surged over 1,200%, boasting a market cap of nearly $1 million and engaging 4,283 active traders.
Notably, $FURIE was created in support of the esteemed developer Matt Furie, the visionary creator of iconic memecoins like $PEPE, $BRETT, and $WOLF.
The token leverages the security and transparency of distributed ledger technology, ensuring that investors can confidently engage with the token, knowing their transactions are secure and verifiable.
Matt Furie actively interacts with their 8,731 Twitter and 666 Telegram followers, sharing updates, insights, and hosting interactive events.
3. Landwolf ($WOLF)
Landwolf $WOLF is the newest addition to the ERC20 token family. Inspired by the laid-back vibes of Landwolf, Pepe’s best friend from Matt Furie’s Boys Club, this token embraces humor and clever numerics with a playful total supply of 420,690,000 tokens.
Launched on March 7, 2024, Landwolf $WOLF aims to push boundaries and spread positivity within the crypto community.
Currently trading at $0.01029, this memecoin has seen a 20.47% increase in the past 24 hours. It has a market cap of 100M and 20.7K active holders.
$WOLF tokens can be traded on both decentralized and centralized exchanges, with Uniswap V2 (Ethereum) being the most popular trading platform. The WOLF/WETH pair has recorded a 24-hour trading volume of $69,421.95.
Other notable exchanges include BitMart and Matcha (Ethereum).
A unique feature of Landwolf $WOLF is the 1/1 transaction tax, which funds marketing efforts, exchange listings, and other initiatives to keep the $WOLF community thriving.
The token’s X account has amassed 23,000 followers.
Consider Presales for 10x Opportunities
While tokens like $NCAT, $FURIE, and $WOLF may experience further rallies, they also come with the inherent volatility typical of meme coins, making potential crashes just as likely.
Selecting a winning token can be a daunting task unless you consider those in the presale phase.
Presales allow early investors to support projects before their official launch, giving them a head start in the market.
Tokens in presale often attract significant investment, which helps them succeed and achieve roadmap milestones post-launch. While there are no guarantees, presale tokens tend to cultivate a devoted community, creating a strong demand that intensifies upon launch.
At CryptoNews, we have taken the initiative to thoroughly review and select some of today’s most promising presale coins for you.
Top Crypto Presales to Invest in Now
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Disclaimer: Cryptocurrency is a high-risk asset class. This article is for informational purposes only and does not constitute investment advice. You may lose all of your capital.
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