Last updated:
Author
Joel Frank
Author
Joel Frank
Share
Why Trust Cryptonews
As risk appetite across traditional financial and cryptocurrency markets is heating up on Thursday in wake of the start of a new monetary policy easing cycle from the US Federal Reserve, DEX markets are pumping as traders rush to find top crypto gainers today.
Major cryptos posted decent gains on Thursday, with Bitcoin (BTC) rising 5% and Ethereum (ETH) 6.6% in the past 24 hours, per CoinMarketCap.
But those gains pale in comparison to the top crypto gainers today in the DEX markets.
That’s because newly launched micro-cap tokens often experience exponential intra-day price rises and declines thanks to their exceedingly low liquidity levels.
DEX traders frequently turn to tools such as DEXScreener to find trending coins.
Here are some top crypto gainers today they will be watching.
Top Crypto Gainers Today – Which Are They?
Crypto Burger (BURGER)
One day, after US Republican presidential candidate Donald Trump paid for a burger in a NYC bar with Bitcoin, meme coins were popping up to commemorate the event.
New Ethereum meme coin Crypto Burger (BURGER) is leading the charge, up 766% in the past 24 hours to a market cap of $5.4 million, per DEXScreener.
Since launching late on Wednesday, BURGER has enjoyed more than $5 million in trading volumes and raked in nearly $200,000 in liquidity.
But that is very low versus its market cap.
If a BURGER whale chose to cash out, the BURGER price could see a huge, rapid crash.
Traders must always remember that just as quickly as a new crypto’s price runs up, it could come crashing down.
Misha (MISHA)
Elsewhere, another Ethereum meme coin called Misha (MISHA), seemingly based on Vitalik Buterin’s dog, is one of the top crypto gainers today.
The crypto was up 840% in the past 24 hours, according to DEXScreener, reaching a market cap of $1.8 million.
MISHA has pulled back substantially from the highs it hit earlier in the day, where its market cap was around $6 million.
However, traders should be cautious about this coin.
DEXScreener users have given it a red flag emoji votes over 680 times, while it has just 110 rocket ship votes.
The community is very suspicious of this coin, and traders should be too.
Traders must always do their due diligence before getting involved in the on-chain DEX markets, and never risk more than they can afford to lose.
Gou (GOU)
The final name on the top crypto gainers today list worth mentioning is Gou (GOU).
Another Ethereum meme coin, GOU was last up 577% in 24 hours, reaching a market cap of $4.0 million.
The DEXScreener community of users appears to trust Gou much more.
The crypto has 837 rocket ship emoji upvotes, 288 fire emoji votes to just 82 red flag votes and 31 poop votes.
That doesn’t mean this token isn’t another scam or pump-and-dump.
Traders should enter on-chain DEX markets with the underlying assumption that all new tokens are nefarious in nature.
Better Alternative to Consider
The above not top crypto gainers today are very risky coins to invest in.
A safer way to get into new meme coins might instead be meme coin presales.
The benefit of presales is that they give potential investors plenty of time to do their own research.
Analysts at Cryptonews.com keep a close eye on the meme coin presale market. Here are some of their top picks.
18 Best New Meme Coins to Buy in September 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.
