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Joel Frank
Author
Joel Frank
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Why Trust Cryptonews
As major cryptocurrencies consolidate close weekly highs but remain locked well within multi-month ranges with no major surge in sight, impatient traders are turning to the higher-risk on-chain DEX markets as they hunt top crypto gainers today.
Bitcoin (BTC) was changing hands just above $58,000 during early Wednesday Asia Pacific trading hours.
That’s an impressive more than 10% rally from recent lows under $53,000.
But it also leaves the world’s largest cryptocurrency by market cap 17% down versus July highs, and 21% down versus yearly highs.
US economic and Presidential election uncertainty is likely to keep risk appetite subdued, even though the Fed is on the cusp of kicking off a new rate-cutting cycle.
That suggests the near-term outlook for major cryptos remains highly uncertain.
It’s no surprise then that impatient traders are tempted by the volatility of the on-chain DEX markets, where new cryptos routinely enjoy rapid exponential price pumps.
Traders often turn to tools such as DEXScreener to search for trending coins and top crypto gainers today.
Here are some trending coins that they will be watching.
Top Crypto Gainers Today – Which Are They?
Based Mario (BARIO)
A new Base meme coin called Base Mario (BARIO) ranks as one of the top crypto gainers today, with a 70% gain in the past 24 hours that has seen its market cap rise to $1.7 million.
Since last Friday, the token is up nearly 2,000%, or more than 20x.
Per DEXScreener, the token has around $150,000 in partially locked liquidity.
That means the token’s developers could potentially pull some liquidity.
Also, given the low liquidity to market cap ration, if a BARIO whale decided to cash out, the token price could see a rapid price crash.
Traders must remember these volatility risks before getting involved in DEX markets.
FWUG (FWUG)
A Solana meme coin called FWUG (FWUG) is another name in the top crypto gainers today list, also up around 70% in 24 hours per DEXScreener.
FWUG has been around for more than 21 days now, which may seem short, but is a long time in the high-turnover DEX meme coin world.
FWUG has built up a decent community in the past three weeks.
Its official Twitter account has 734 followers, while its Telegram has 548.
And FWUG has over 5,000 rocket ship emoji votes and over 1,000 fire emoji votes on its DEXScreener page, compared to just 20 poop emojis and 21 red flag emojis.
That suggests trust in the legitimacy of the token in the community is high.
That said, this by no means suggests FWUG isn’t a pump-and-dump scheme of some sort.
Traders getting involved in DEX markets must remember that nearly all new tokens do not retain any long-term value.
SPX6900 (SPX)
An Ethereum shitcoin called SPX6900 (SPX) which claims to be some sort of stock market coin, but has no affiliation to the Standard & Poor’s S&P 500 index, is another one of the top crypto gainers today, having risen around 65% in 24 hours per DEXScreener.
The shitcoin’s latest pump comes in wake of positive commentary related to the coin on X.
Its market cap was last around $17.7 million, with around $1.2 million in market cap.
SPX has been around now for a little over one year, suggesting the risk of rug-pulls or other scams are slim.
Still, it’s a highly speculative coin with no real value proposition. Indeed, buying top crypto gainers today on DEXScreener is a very risky investment strategy.
Traders looking for low-market cap gems with high potential might want to check out an alternative investment strategy – presale investing.
Crypto start-ups often sell their native token at an early bird discount to fund development.
If traders can identify high-potential projects with a high chance of success, presale investing can be incredibly lucrative.
Analysts at Cryptonews.com have compiled a list of their favorite presales in the market right now. Here are their top picks.
17 Best Crypto Presales to Invest In Now
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.
