Major cryptos rebounded sharply on Tuesday after Monday’s huge sell-off, though traders continued to flock to the on-chain micro-cap markets on the hunt for top crypto gainers today that might deliver quick exponential gains.
Bitcoin (BTC) rebounded 13% from Monday’s sub-$50,000 lows to the mid-$56,000s.
But the outlook for major cryptos remains risky right now. Middle Eastern tensions between Iran and Israel could blow up at any moment and US recession risks remain high.
Rebounds remain subject to being sold.
It’s no surprise then that investors looking for quick gains are using tools like DEXScreener to pick out top crypto gainers today.
Here are some big movers they will likely be watching.
TRUMP (DJT)
Just one day after a rug-pull triggered a 90% drop in the price of a more well-known DJT meme coin, a new copycat coin has sprung up, and also looks like a scam.
You can’t make this shit up @MartinShkreli is actually claiming that barron trump (Son of Donald trump ex president / multi billionaire) rug pulled $DJT for $2m
is this guy a retard? pic.twitter.com/5RAgIRn3yM
— Midjet (@0xmidjet) August 6, 2024
Trump (DJT) is up 266 million percent since launch, claiming a market cap of nearly $800 million per DEXScreener.
Of course, those numbers are highly unfeasible and this coin is probably a scam.
The token has 16 red flag votes to 23 rocket votes on DEXScreener.
Paragon (PGN)
A new Solana meme coin called Paragon is a top crypto gainer today, up over 400,000% in the past 24 hours to a market cap above $13.2 million.
We are thrilled to announce the successful launch of our new crypto token – Paragon – PGN!
A huge thank you to our community for the unwavering support.
Stay tuned for exciting updates! pic.twitter.com/w6VQw8Exgw
— Paragon (@ParagonDEFI) August 6, 2024
The shitcoin has just $350,000 in liquidity, suggesting relatively small sell orders could cause a huge price crash.
Traders must always be cautious before stepping into the treacherous on-chain micro-cap markets.
Wrapped dog (WDOG)
A meme coin called wrapped dog (WDOG) launched earlier this week is still pumping, up 22,600% in the past 24 hours per DEXScreener.
Its market cap was last around $11.5 million, having already seen trading volumes of nearly $38 million.
The token is popular in the community, with close to 1,500 rocket emoji votes to just 171 red flag emojis.
But just because its popular and already has a fairly large market cap doesn’t mean there isn’t risk.
Traders must be prepared to lose anything they invest into micro-cap shitcoin markets.
Better Alternative – Shiba Shootout (SHIBASHOOT)
Investing in micro-cap on-chain markets is exceedingly risky. As already noted, most coins are either scams of pump-and-dumps.
And fast price appreciation often triggers FOMO, with investors failing to do their proper due diligence before buying.
A potentially safer way to generate big returns is by investing in crypto presales instead.
Presales normally run for a few weeks prior to a token’s launch, allowing an investor the time to do their due diligence on the project.
Cryptonews.com keeps a close eye on the meme coin presale market.
And one new project they think has a lot of potential is a new Wild West-themed play-to-earn (P2E) meme coin called Shiba Shootout (SHIBASHOOT).
Shiba Shootout is conducting a presale of its native SHIBASHOOT token and demand is strong. Investors having already ploughed over $860,000 into the new rival coin.
SHIBASHOOT is packed with P2E utility but is also a passive income gem.
Introducing #CactusStaking! 🌟🌵
Stake your #ShibaShootout tokens on a digital cactus and watch your rewards grow! 🚀🌸 pic.twitter.com/Z8OXUJSb5D
— shibashootout (@shibashootout) August 6, 2024
See below why popular crypto presale analyst Michael Wrubel thinks Shiba Shootout could be the next 100x gem.
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.
