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Joel Frank
Author
Joel Frank
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Why Trust Cryptonews
With Bitcoin (BTC) looking perky above $64,000 and eyeing a possible break above its 200DMA that could open the door to a move to $70,000, traders are looking to position themselves in top crypto gainers today in the DEX markets that might be able to deliver fast gains.
Risk appetite across cryptocurrency markets has been picking up in recent sessions as traders anticipate a Fed-led global central bank easing cycle.
China lowered its bank reserve requirements by 50bps on Tuesday, which added 1 trillion yen to Chinese financial markets.
US Core PCE inflation data on Friday could add fresh impetus to the recent market rally if they show US inflation falling faster than the Fed anticipated.
A new altcoin/meme coin season could be around the corner.
And while many major altcoins might be set up for 3-5x gains if Bitcoin breaks out towards $100,000, the biggest gains will be seen in the DEX markets.
In DEX markets, new tokens routinely post 10-20x gains in a single day.
Traders often turn to tools such as DEXScreener to find trading tokens.
Here are some top crypto gainers they will be monitoring today.
Top Crypto Gainers Today – Which Are They?
An Ethereum meme coin called Terminus (TERMINUS) has rallied 438% in the past 24 hours, per DEXScreener, reaching a market cap of $6.8 million.
The token’s DEXScreener page doesn’t link to official social media pages or websites.
So, the purpose and idea of the token aren’t clear.
It also has two issues relating to its smart contract, per a Go+ Security audit.
The coin also has only $330,000 in locked liquidity, meaning it could crash quickly if a whale decides to dump holdings.
Its small market cap leaves plenty of room for growth if altcoin markets keep heating up.
However, traders should be cautious with this token, as it’s tough to do due diligence.
Elsewhere, another Ethereum meme coin, Ethereum Doge (EDOGE), is pumping hard, rallying 170% in 24 hours, ranking it as another one of the top crypto gainers today.
Per DEXScreener, its market cap was last around $5.8 million, with around $350,000 in locked liquidity.
Unlike Terminus, Ethereum Doge appears to have a decent community. It has nearly 2,000 followers on Twitter and just under 2,000 in its Telegram group.
EDOGE’s seemingly strong community is reflected on DEXScreener’s platform – The token has 862 rocket ship emoji upvotes versus just 58 red flag emoji upvotes.
Community is the lifeblood of any meme coin that wants longevity.
So, if Ethereum Doge actually has it, it could be a better bet than Terminus.
Still, traders must always do their own due diligence and never risk more than they can afford to lose.
The final token worth noting is a Solana meme coin called Conan (CONAN), which is themed after Donald Trump’s dog.
CONAN is up 80% in 24 hours, per DEXScreener, with its market cap reaching $8.5 million and the token amassing $220,000 in locked liquidity.
While the token appears popular amongst DEXScreener users, with 444 rocket ship emoji votes to just 50 red flag votes, traders must always be cautious.
Nearly all newly launched tokens are scams or pump-and-dumps of some description.
Better Alternative?
Trading in the DEX markets is fraught with risks.
The risk of buying a token that ends up as a rug pull of some sort is high.
Traders also risk making bad buy or sell decisions due to FOMO or fear.
A potentially much safer way to get into low market cap tokens early is to invest in crypto presales.
Presales also normally last a few weeks, giving investors ample time to do their due diligence before risking their hard-earned cash.
A good starting point for interested readers would be Cryptonews.com’s carefully curated list of the top crypto presales in the market right now.
17 Best Crypto Presales to Invest In Now
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.
