Top Crypto Gainers Today on DEXTools
Whilst most major cryptocurrencies remain lower in the past 24 hours, the market is attempting a rebound on Thursday, low cap shitcoins $PORK2, $SOUTH and $PORK are the top crypto gainers today on DEXTools.
Blue chip cryptocurrency markets dipped on Wednesday following a hawkish Fed policy announcement.
While the Fed left interest rates unchanged at 5.25-5.5%, Fed Chair Powell argued a March rate cut would be unlikely.
Given investors had been pricing a good chance of a rate cut in March, this weighed on market sentiment.
Bitcoin (BTC) subsequently fell briefly as low as the $41,800s.
But it has since rebounded by around $1,000, shrugging off stronger-than-expected US ISM Manufacturing PMI numbers.
That’s because, while a Fed rate-cutting cycle might not start as soon as some traders want, its definitely coming.
Investors are still betting that rate cuts start by May, with macro likely to remain a strong tailwind in 2024.
While major cryptos like Bitcoin and Ether (ETH) struggle to get into the green, some shitcoins are outperforming.
Small-cap cryptocurrencies almost always pumping and nearly always also take the mantle for the top crypto gainers each day.
That’s because their low level of liquidity means that relatively small buy pressure can easily result in fast exponential gains.
While blue-chip cryptocurrencies can offer good upside prospects, traders looking to make quick profits usually turn to low-cap markets.
Here are some of the top small-cap crypto gainers on Thursday as per DEXTools.
Top Crypto Gainers Today on DEXTools
PepeFork2 ($PORK)
A copycat version of the recently launched PepeFork ($PORK) memecoin called PepeFork2 ($PORK2) is up nearly 900% on Thursday.
However, $PORK2’s market cap was still only a tiny $450,000 on Thursday, with just over $300,000 in liquidity.
While $PORK2 has a 99/99 DEXTscore, it may be a honeypot scam, so is probably best avoided.
DeepSouth AI ($SOUTH)
AI shitcoin DeepSouth AI ($SOUTH) is testing record highs on Thursday.
As per DEXTools, it was last up 97% on the day, making it one of the top crypto gainers today.
$SOUTH’s market cap was a solid $4.37 million, with locked liquidity of around $312,000.
The token has a solid DEXTscore of 99/99, while six smart contract issues has been identified.
PepeFork (PORK)
A newly launched Pepe Coin alternative called PepeFork (PORK) is pumping on Thursday.
$PORK was last up around 80% in the past 24 hours, as per DEXTools.
Its market cap is an impressive $276 million, though liquidity is a tiny $260,000.
Its DEXTscore is 99/99, and it has three concerning aspects to its token contract, as per DEXTools’ security audit.
Crypto Alternatives to Consider
Low-cap coins can offer huge potential returns but also come with a lot of risk.
For those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.
This is where investors buy the tokens of upstart crypto projects to help fund their development.
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
Here is a list of 15 of what the project deems as the best crypto presales of 2023.
See the 15 Cryptocurrencies
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilize affiliate links within our content, and receive commission.
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