It was a fairly muted day for major cryptos, aside from a big pump in the XRP (XRP) price thanks to a favorable ruling in the Ripple vs SEC lawsuit, with traders turning to the riskier on-chain micro-cap markets in their pursuit of top crypto gainers today.
IT’S OVER! The SEC v Ripple case has been quite a journey – thanks for sharing it with me.
$125 Million penalty and a GENERIC injunction Order.
This is a BIG win for Ripple, no doubt about it. Have a Wonderful Day! https://t.co/hCZZYsMl7E pic.twitter.com/7uuuwsx0Dw
— Jeremy Hogan (@attorneyjeremy1) August 7, 2024
Bitcoin (BTC), last just under $56,000, chopped between the $55,000 and $58,000 levels.
XRP, meanwhile, rocketed 18.5% higher on the session back to the $0.60 area.
But that wasn’t enough to place it amongst the top crypto gainers today.
Indeed, new tokens launched on decentralized exchanges (DEX) on blockchains like Solana routinely pump 50-100x in as little as a few hours.
Traders thus turn to DEX monitoring tools such as DEXScreener in their hunt for top crypto gainers today.
Here are some top performing cryptos that traders will be monitoring.
Top Crypto Gainers Today
Noki (NOKI)
A relatively new Solana meme coin called Noki (NOKI) is up a stunning 866,00% in the past 24 hours per DEXScreener.
The cute dog meme coin last had a market cap of $3.8 million.
However, it only has liquidity of around $86,000. So a very small amount of sell pressure could result in a big price drop.
Be Defiant (BeDeFi)
As markets brace for a major crypto announcement from Donald Trump Junior, a Trump-themed meme coin called Be Defiant (BeDeFi) is trying to surge higher.
BeDeFi, and Ethereum-based coin, was last up 147,000% in the past 24 hours to a market cap of $7.2 million, per DEXScreener.
Its liquidity was last close to $400,000, but isn’t locked, which means liquidity rug pull risks remain elevated.
Per DEXScreener’s smart contract audit, the token has various concerning aspects that could indicate it is a scam.
World Liberty (WL)
Another Trump-themed shitcoin called World Liberty (WL) is amongst the top crypto gainers today.
WL was last up 90,000%, giving it a market cap of around $2.3 million. It also has around $200,000 in locked liquidity.
Of course, that doesn’t mean the token isn’t a scam. Indeed, it has three concerning issues, per DEXScreener.
Crypto Alternatives to Consider – Presales
Investing in potentially scammy micro-cap meme coins is risky business. Investors should consider meme coin presale investing instead, where they have more time to vet the project they are getting involved in ahead of buying.
Analysts at Cryptonews.com keep a close eye on the presale market.
Here is a list of meme coin presales that they think have the most potential to perform well this summer.
15 Best Meme Coins to Buy in August 2024
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
