As the major cryptocurrencies like Bitcoin ($BTC ) and Ethereum ($ETH ) see a slight resurgence, many traders are shifting their focus to on-chain micro-cap meme coins in search of quicker gains. While BTC attempted to break through the $60,000 mark with a 4% rise, and other major cryptos like BNB and SOL gained 2-4%, these movements remain within the weekly ranges, leaving the market sentiment relatively unchanged.
Amidst this, micro-cap meme coins like IGGYAZALEA (IGGY) and BigTrump (BIGT) have experienced extreme volatility. IGGY, a celebrity-themed Solana token, skyrocketed by over 4,000% in just 24 hours but quickly plummeted by 90%, illustrating the high risk associated with these low-liquidity assets. Similarly, BIGT saw a 4,000% surge, only to drop by 75% from its session highs, indicating the possible completion of a pump-and-dump cycle.
While these coins can offer substantial short-term gains, the risks are significant. For those looking for more stable investments, participating in high-potential crypto presales might be a safer alternative, offering a balanced approach with time for research and potentially significant upside without the extreme volatility of meme coins.
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