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As major cryptos stage a comeback on Friday, but remain locked within recent intra-week ranges, traders are instead turning to on-chain micro-cap meme coin markets as they hunt for top crypto gainers today.
Bitcoin (BTC) pushed 4% higher on Friday to challenge $60,000.
Other major cryptos also rallied, with Ethereum (ETH), BNB (BNB) and Solana (SOL) gaining 2-4% in the past 24 hours, per CoinMarketCap.
But most major coins remain locked well within recent weekly ranges. Friday’s rally thus won’t be viewed as a major or important shift in sentiment in the market.
Traders looking for quick gains, thus, continue to flock to on-chain micro-cap markets.
Indeed, top crypto gainers today are almost always newly launched tokens on blockchains like Ethereum or Solana.
Traders frequently utilize tools like DEXScreener as they hunt top crypto gainers today.
Here are some of the best-performing coins today that they might be watching.
Top Crypto Gainers Today
IGGYAZALEA (IGGY)
A celebrity-themed Solana meme coin called IGGYAZALEA is up over 4,000% in 24 hours, per DEXScreener.
IGGY’s market cap was last around $550,000, with $72,000 in locked liquidity.
But locked liquidity doesn’t mean the new crypto isn’t a scam, however.
Indeed, almost all newly launched crypto tokens are either scams or pump and dumps.
Their low liquidity means sudden price reversals can swiftly come.
Indeed, that appears to have been seen with IGGY.
The token is already down 90% from earlier session highs. It could soon hit zero.
BigTrump (BIGT)
A Trump-themed token called BigTrump (BIGT) is up over 4,000% in the past 24 hours, per DEXScreener. That makes it one of the top crypto gainers today.
That has seen its market cap reach above $690,000. That sounds impressive, but BIGT is down around 75% from earlier session highs.
The pump-and-dump cycles might have already been completed.
Donuts TROMP (donuttromp)
Another Trump-themed shitcoin called Donuts TROMP (donutstromp) is up 3,500% on Friday, per DEXScreener. That makes it another one of the top crypto gainers today.
That has seen the shitcoin reach a market cap of around $2.6 million.
But with liquidity of just $166,000, a small amount of sell pressure could see these gains quickly reverse.
DonutsTROMP’s X account has been suspended, a red flag that the shitcoin might be a scam.
A potentially safer way to secure big profits in crypto is by investing in high-potential crypto presales.
Web3 start-ups frequently conduct fundraising rounds, where they sell their native token at a big discount to its potential valuation to early investors.
If a trader is savvy and able to identify a project that goes on to gain a lot of traction, upside potential from presale investing is huge.
Importantly, presales normally last a few weeks. That means investors have time to do their research, rather than FOMOing in, as is a risk in the fast-moving on-chain shitcoin markets.
