Top Crypto Gainers Today on #DexScreener – BRIDGEBLOCK, RB, LANDWOLF
Traders are shifting their focus to on-chain micro-cap markets amid a downturn in prominent #cryptocurrencies .
Bitcoin (BTC) retreated from recent highs, prompting profit-taking as it tested upper resistance levels. With the Consumer Price Index (#cpi ) and halving approaching, traders are cautious about pushing BTC beyond $70,000.
Major altcoins like #Ether and #Solana also declined alongside BTC on Tuesday.
In response to the bearish trend in major cryptos, traders are now exploring highly illiquid on-chain micro-cap markets.
Web3 projects often introduce tokens at significant discounts, providing early entry opportunities for investors.
Due to their low liquidity and market caps, new coins can experience gains of 10x or more within 24 hours. However, investors must conduct thorough due diligence due to the prevalence of scams in on-chain markets.
Here are some top crypto gainers today according to DEXScreener:
1. Brick Block (BRIDGEBLOCK): This real estate tokenization token surged by 150,000% in the past 24 hours. While its market cap is $8 million, caution is advised due to identified smart contract issues.
2. RunesBridge (RB): A newly launched inter-blockchain bridging protocol, RB, has seen significant gains since its launch, with a market cap of $7.5 million. However, flagged concerns include ownership not being renounced and pausable transfers, indicating potential scams.
3. LANDWOLF (LANDWOLF): This meme coin surged over 1,150% in the past 24 hours. With a market cap of around $4.3 million, investors should exercise caution given the risks associated with meme coins.
In light of the risks, traders may consider crypto presales as an alternative strategy, offering potentially better risk-reward dynamics with gains of 10x or more for savvy investors.
Source - CryptoNews