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Joel Frank
Author
Joel Frank
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Why Trust Cryptonews
As major cryptos pushed higher on Thursday, with Bitcoin (BTC) surpassing $65,000 to hit new multi-month highs, top crypto gainers today in the DEX markets also saw big moves.
Bitcoin and other major cryptocurrencies continue to rally amid anticipation that a coordinated global easing of monetary policy will improve liquidity conditions, benefitting riskier assets.
The likes of Ethereum (ETH) and Solana (SOL) rose 2.5-5% in the past 24 hours, per CoinMarketCap.
But, in a sign that risk appetite in crypto is jumping, meme coins outperformed.
The likes of Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) and Dogwifhat (WIF) all spiked up at least 8%, with SHIB rallying 22%.
But the top crypto gainers today were all smaller, newer meme coins trading in the DEX markets.
Here are some of the top crypto gainers today according to DEX analytics tool DEXScreener.
Top Crypto Gainers Today on DEXScreener – Which Are They?
A newish dog themed Ethereum meme coin called Doggo (DOGGO) is making a comeback on Thursday.
Per DEXScreener, it gained 109% in the past 24 hours, its market cap recovering to $15 million.
Doggo is now a fully community owned token – when a meme coin has a vibrant, active community, it tends to have much more longevity.
DOGGO could rally substantially from here if it continues to grow its online community.
Another top crypto gainer today with an ever stronger community is new Solana meme coin Moo Deng (MOODENG).
MOODENG surged to a market cap of over $160 million on Thursday, gaining 57% in the past 24 hours per DEXScreener.
MOODENG was created in honor of a cute baby hippo in Thailand and has been going viral.
In a meme coin market dominated by dog, cat and Pepe the frog memes, a cute hippo has a lot of potential.
That’s especially the case considering the strong and fast growing community of Moo Deng fans.
Its fan page already has over 46,000 followers.
Moo Deng might very become a $1 billion meme coin one day, as fever continues to rise.
The final name on the top crypto gainers today worth noting is a Base meme coin called Tyler (TYLER).
The Matt Furie-themed cartoon meme coin last had a market cap of $1.5 million, up 500% in 24 hours per DEXScreener.
Over $500,000 in tokens have changed hands in the past 24 hours, with the token having amassed $120,000 in locked liquidity.
The token has no issues with its smart contract, according to Go+ Security, Quick Intel and Token Sniffer audits.
It also seems popular amongst DEXScreener users, with 202 rocket ship emoji votes to just 26 red flag emoji votes.
However, that doesn’t mean the coin isn’t either a scam or pump-and-dump.
Indeed, on-chain DEX markets are replete with scams. Genuine projects (like Moo Deng appears to be) are few and far between.
Better Alternative – Meme Coin Presales?
A better way to invest in small cap meme coins rather than the top crypto gainers today named above might instead be to get involved in meme coin presales.
Presales normally last a few weeks, giving investors plenty of time to research a project before getting involved.
Here are some of the best meme coin presales right now, according to analysts at Cryptonews.com.
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.
