Traders Use Tools Like DEXScreener To Find Top Crypto Gainers Today
However, some high-risk tolerance crypto traders are looking for more than 40% in near-term upside.
Smaller and lesser-known altcoins may be able to deliver investors 5-10x gains.
But those hunting 50x or more gains will need to venture into the treacherous on-chain markets.
On-chain markets refer to the market for crypto tokens issued and traded directly on the blockchain.
Dozens of new coins pop up on-chain every single day. Most are scams or pump-and-dumps.
The key to making 100x gains is to get in on a coin before it catches the zeitgeist and pumps.
Of course, that’s easier said than done. Traders use tools like DEXScreener as they hunt top crypto gainers today.
Here are some big movers that they will be watching on Wednesday.
Shina Inu (SHIN)
A China-themed version of Shiba Inu called Shina Inu (SHIN) is pumping hard on Wednesday.
https://twitter.com/ShinTokenETH/status/1798456311535055153
SHIN was las up 87,000% in 24 hours as per DEXScreener, its market cap is around $5.4 million.
The token only has one issue with its smart contract, as per Go+ Security. That said, traders must always be very careful with newly launched coins.
Spike (SPIKE)
A new shitcoin called Spike (SPIKE) is up 39,700% on Wednesday, as per DEXScreener, its market cap is around $2.1 million.
SPIKE is allegedly based on Pepe cartoon creator Matt Furie’s first cartoon image. Which is why they gifted him 1% of the SPIKE supply.
https://twitter.com/SPIKE0x1984/status/1798385171483554161
That’s a pretty savvy marketing move, which has helped the token reach a market cap of $2.1 million.
As a reminder, traders should remember that almost no newly launched coins go on to hold long-term value.
Pear (PEAR)
A Pear-shaped version of Pepe called Pear (PEAR) is up close to 32,000% on Wednesday, its market cap around $580,000.
PEAR last had liquidity of around $90,000, and refers to itself as the most memeable fruit on Solana.
https://twitter.com/pear_solana/status/1798437149215543696
Alternatives to Consider – Crypto Presales
Investing in the on-chain markets is fraught with risk.
An alternative often overlooked but frequently profitable crypto investment strategy is investing in presales.
Up-and-coming web3 projects often conduct ICOs in order to raise funds for project development.
To attract early interest/investors to their project, they usually sell these tokens at a very low market cap.
That offers presale investors the chance to make big gains.
With so many projects vying for investor funds, it can be tough to know where to start.
Luckily, analysts at Cryptonews.com spend a lot of time combing through the altcoin market in search of high-potential projects.
Here are some of their favorite picks in the market right now.
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