As Bitcoin (BTC) consolidates just below recent highs in the $60,000s and other major coins like Ether (ETH) and Solana (SOL) take a breather from rallying, traders looking for quick profits are hunting for top crypto gainers today in the shitcoin market.
Strong ETF demand ahead of the upcoming halving has helped propel Bitcoin up 20% in the past seven days.
But the speed of the rally has some traders worried that a short-term correction may be overdue.
As a result, traders looking for fast profits are turning to more volatile sections of the crypto market.
And no where is more volatile than the on-chain meme coin and shitcoin markets.
There is virtually no barrier to entry to create a new crypto token at any time on blockchains like Ethereum or Solana.
So speculative new coins are always popping up.
Most never get any traction.
But some see huge 10 or even 100x pumps, handing investors big gains.
But just as quickly as these shitcoins can rally, they can also come crashing back to earth.
That’s thanks to their normally exceptionally low levels of liquidity.
Let’s take a look at some of the top crypto gainers today on DEXTools that shitcoin traders will be watching.
Top Crypto Gainers Today on DEXTools
OrangePEPE ($ORANGEPEPE)
As Pepe Coin (PEPE)’s pump continues, copycat/alternative versions of Pepe are popping up.
OranagePEPE ($ORANGEPEPE) is one of them, and it has pumped 33,000% since launching today, as per DEXTools.
Its market was last around $13.2 million, with around $445,000 in liquidity.
However, investors would do well to steer clear of this shitcoin.
It could be a honeypot scam, as per DEXTools’ smart contract alert.
Super Trump ($STRUMP)
A Trump-themed shitcoin called Super Trump ($STRUMP) has also seen an explosive rally since launching today.
$STRUMP was last up just over 27,000%, reaching a market cap of $1.5 million as per DEXTools.
As per DEXTools’ security audit, there are no concerning aspects to the token’s smart contract.
But as innocent as a shitcoin might look, there are always risks.
Investors should always do their due diligence.
NodeSynapse ($NS)
Another just-launched shitcoin called NodeSynapse ($NS) is also seeing a huge pump on Friday.
Its up over 9,500% today, as per DEXTools, rallying to a market cap of $1.3 million.
$NS has locked liquidity of around $210,000, reducing rug pull risks.
But it does have seven smart contract alerts, including a potentially modifiable transaction tax.
NodeSynapse claims to enable the renting/lending of Node or GPU power in a decentralized way.
Shitcoin Alternatives to Consider
Shitcoins like those mentioned above can offer investors fast gains.
But more often than not, traders run into pitfalls in the shitcoin market.
Such coins are nearly always pump-and-dumps, rug-pulls, or some other type of scam.
An alternate strategy with a potentially better risk/reward is to get involved with crypto presales.
Presales allow pioneering projects to offer native tokens at early bird discounts before public listing sends prices soaring.
While presales carry hazards akin to startup investing, their potential rewards can be very attractive to prospective investors.
Investors are strongly advised to carry out their due diligence: evaluate teams, use cases, tokenomics, roadmaps, and partnerships before rolling the dice.
With so many different presale offerings out there, that can be a daunting task.
Luckily, the team at Cryptonews is doing their best to point investors in the right direction.
Here are 14 of their favorite projects:
See the 14 Presales of Cryptocurrencies
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