Traders use platforms like DEXScreener to find the top crypto gainers today. Source: DEXScreener’s X Account
While blue-chip cryptos are pumping on Monday, with Bitcoin (BTC) pushing back above $70,000 and Ether (ETH) back in the $2,600s, traders looking for even faster gains continue to turn to the on-chain shitcoin markets in the hunt for top crypto gainers today.
Bitcoin and Ether are both up over 7% in the past 24 hours, as per CoinMarketCap. And while both could go a lot higher, some traders don’t want to wait 6-12 months for 2x gains.
Many would prefer to gamble on newly launched shitcoins that can potentially double their money in a few hours, or 10x their money in a day.
On-chain markets refer to the market for digital assets that have been issued directly on top of an existing blockchain.
For example, the Shiba Inu (SHIB) token is issued on Ethereum as an ERC-20 token.
These tokens can then be traded on decentralized exchanges (DEX), and also perhaps on centralized exchanges if they get big enough.
They are often referred to as meme coin (or shitcoin) markets and virtually anyone can issue a token at any time.
As a result, these on-chain markets are replete with scams and pump-and-dump schemes.
But shitcoin markets are the only place to find tokens that can rally in the 50-100x region.
Here are a few of the top crypto gainers today on Ethereum that traders will be monitoring, as per DEXScreener.
Top Crypto to Buy Today
Wrapped Trade AI (wTAI)
A just-launched shitcoin called Wrapped Trade AI (wTAI), which appears to be attempting to piggyback off of the gaining tokenization narrative, is pumping since its launch on Monday.
The token’s market cap was last around $7.4 million, with $330,000 in liquidity.
wTAI doesn’t appear to be a scam. But it could be a pump and dump designed to siphon money from speculators. That’s because it has a 20% buy tax and a 20% sell tax.
Traders need to make sure to always do their due diligence. That includes looking deeply into the legitimacy of a project before investing.
EPICBOTS ($EPICBOTS)
EPICBOTs, a supposed AI-infused Telegram bot protocol, is pumping hard on Monday. As per DEXScreener, it was last up 100% in 24 hours with a market cap of $3.4 million.
The token has $350,000 in locked liquidity, reducing rug pull risk.
But that doesn’t mean the token isn’t a scam. DEXScreener’s smart contract audit reveals four concerning aspects to the token’s contract.
These include a modifiable tax, a whitelist function and a 5% buy and sell tax.
Ishi ($ISHI)
A recently launched Shiba Inu-themed meme coin called Ishi ($ISHI) is making a comeback on Monday.
It was last up 30% in 24 hours, as per DEXScreener, its market cap having recovered to around $2.1 million.
The token has $200,000 in locked liquidity, reducing rug pull risk. But the token has a modifiable tax, a blacklist and a whitelist.
It could easily be a scam token still. So potential investors must never risk more than they can afford to lose, and should do their due diligence.
Crypto Alternatives to Consider
Investing in low-cap shitcoins is a very risky strategy.
An innocent-looking project could easily turn out to be a scam, and a few big sell orders could easily drive the price 80% lower.
A strategy that is still risky, but arguably has a better risk reward is getting involved in crypto presales.
The idea is that investors secure tokens of up-and-coming, high-potential crypto projects/protocols at a discounted early price.
These projects then put those funds to work, paying for protocol development and marketing.
While lots can go wrong when investing in crypto presales—unforeseen circumstances can prevent a project from delivering on its vision—savvy presale investors routinely secure gains of 10x or more.
With hundreds of presale projects vying for investor funds, analysts at Cryptonews have been combing the market.
Here are 14 of the presale projects with the highest potential.
The post Top Crypto Gainers Today on DEXScreener – wTAI, EPICBOTS, ISHI appeared first on Cryptonews.