DEXScreener Reveals Top Crypto Gainers Today: DJT, SHIBU, FRIDGE
Major cryptocurrency markets experienced explosive movements on Tuesday, as Bitcoin (BTC) came close to reaching new all-time highs. Additionally, the top crypto gainers today in the DEX markets saw significant surges.
With the US presidential election looming and the release of mega-cap earnings reports and major US economic data points, the appetite for risk could increase further in the coming days.
Bitcoin may soon surpass $74,000 and other major altcoins could also experience a surge. However, the most notable movements are expected to occur in the DEX markets.
Speculators are drawn to these risk markets due to the potential for early discovery of undervalued assets. High-potential new tokens are often listed on DEXs before they are available on more established platforms.
However, investing in DEX markets comes with significant risks, such as smart contract vulnerabilities, lower liquidity leading to price slippage, and the potential for scams or rug pulls due to less stringent listing requirements.
Nevertheless, if traders choose the right tokens, they have the opportunity for substantial returns.
Traders often rely on tools like DEXScreener to identify trending coins. Here are the top crypto gainers today that are likely to catch their attention.
Top Crypto Gainers Today on DEXScreener – Who Are They?
One of the top crypto gainers today is a new Ethereum meme coin called Donald Trump (DJT), which has rallied approximately 41,000% since its launch, according to 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 large sell order could result in a rapid crash. Additionally, DEXScreener users appear skeptical of the token, as it has received 43 red flag emoji votes compared to 76 rocket ship emoji votes.
While DJT could perform well due to the hype surrounding PolitiFi tokens ahead of the election, there is a high risk that it could turn out to be a pump-and-dump scam or a rug pull.
Another notable mention on the list of top crypto gainers today is DOGE MASCOT (SHIBU), a new Solana meme coin. It has surged by 500% in the past 24 hours, reaching a market cap of $4.3 million. The coin experienced renewed optimism following a community takeover. With 586 members on its community page on X, there is potential for further growth.
The final coin worth mentioning on the top crypto gainers today list is a peculiar meme coin called Fridge (FRIDGE), which allegedly operates entirely on a Samsung 636L AI Family Hub Fridge in a mall.
In the past 24 hours, FRIDGE has seen a surge of around 2,400% and currently has a market cap of approximately $2 million, according to DEXScreener. The meme coin community appreciates originality, and FRIDGE certainly fits the bill. However, 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 with early-stage utility. Investing in high-potential crypto presales that solve real web3 problems offers a better chance of maintaining long-term value compared to the top crypto gainers mentioned above.
The analysts at cryptonews.com closely monitor the presale market in search of the next 20x project. Here are some of their top picks for crypto presales to invest in now.