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Hassan Shittu
Journalist
Hassan Shittu
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As Bitcoin (BTC) takes another look at the major $100,000 resistance zone, traders are anticipating that altcoin markets could continue heating up, and are thus flocking to micro-cap gem top crypto gainers today in the DEX markets.
Bitcoin rose briefly above $99,000 on Wednesday while Ethereum (ETH) continued to close in on the $4,000 level.
Other major altcoins were also on the front foot, creating great conditions for micro-cap coins to pump.
Traders looking to bank a quick 10 or even 100x often flock to the highly risky DEX markets as they search for top crypto gainers today.
It’s important to note – many of these newly launched micro-cap tokens are scams and pump-and-dump schemes. And even the tokens of well-intentioned projects often fall to zero.
However, some new tokens that started out with market caps below $1 million ended up striking a chord in the market, and going on to achieve market caps in the $100s of millions.
The prospect of finding that one 100x gem is a key reason why traders brave the risks of the highly volatile and unpredictable DEX markets.
Such traders often employ tools like DEXTools as they hunt for trending tokens. Here are some of the top crypto gainers today that will likely be catching their attention.
Nothing (VOID)
A new Solana meme coin called Nothing (VOID) is one of the top crypto gainers today, having rallied 3,800% in the past 24 hours to a market cap of just over $12 million, per DEXTools.
VOID has seen an impressive $12 million in trading volumes since its launch earlier in the day, and has amassed a respectable $700,000 in mostly locked liquidity.
That said, its lack of engagement on social media platforms like X suggest it probably won’t retain value for long.
Nothing may soon reach its real value, as implied by its name. That suggests it’s not a good candidate for the best crypto to buy now.
Merry Jeetmas (JEETMAS)
Another Solana meme coin amongst the top crypto gainers today is Merry Jeetmas (JEETMAS), which was last up 3,300% in the past 24 hours.
Per DEXTools, its market cap remained tiny at just $156,000 with tiny liquidity of around $28,200.
The Christmas-themed meme coin is doing a better job of generating hype on X than Nothing, posting entertaining new memes roughly every hour.
The meme coin has also paid for ads and boosts, so may stand a solid chance of reaching million dollar status.
Quick 10x gains are certainly a decent probability for JEETMAS, though, as with most new meme coins, this one will likely fade to zero soon.
Doge Mascot (CHAINSAW)
A new Depart of Government Efficiency (D.O.G.E.) inspired Ethereum meme coin called Doge Mascot (CHAINSAW), which appears to be referencing the idea of the D.O.G.E. taking a chainsaw to the US government in its cost-cutting efforts, is another one of the top crypto gainers today.
Per DEXTools, it was last up 6,500% in the past 24 hours, reaching a market cap of around $300,000 with $70,000 in liquidity.
CHAINSAW could do well in the weeks ahead as the countdown to the arrival of President-elect Donald Trump in the White House begins.
Once Trump arrives, the D.O.G.E will get to work. And D.O.G.E-related meme coins could do very well.
Of course, that doesn’t mean CHAINSAW will perform well. There will be millions of other similar meme coins vying for attention and mind-share.
Most will be abject failures. Perhaps a better way for investors to do well in the meme coin market would be to instead get involved in meme coin presales.
By running a presale, a meme coin gives itself a chance to build community hype and fund marketing, product and community development initiatives.
Pepe Unchained (PEPU) is a great example of a new meme coin project that has had huge success in doing all of these things.
The project has raised a whopping more than $70 million in funds from early investors, and is putting these funds to work to build a leading web3 ecosystem.
Pepe Unchained is an Ethereum layer-2 scaling solution and its developers have been busily building out all manner of dApps, including a DEX, a meme coin launch platform called Pepe Pump Pad, a block explorer, a bridge and much more.
Just 10 days out from the end of the presale, PEPU is currently valued at around $100 million.
But this is meme coin that has a high chance of reaching billion-dollar status – it has the funds, the community, the hype, the strong use case/technology.
Learn more about Pepe Unchained, and why analysts at cryptonews.com rank it as one of their top presale picks for 2024, in the below video.
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.
