Crypto bulls remain in control, with Bitcoin (BTC) hitting fresh record highs above $73,000 on Wednesday, and Ether (ETH) continuing to probe $4,000 in wake of the successful implementation of the Dencun update, but traders hunting for top crypto gainers today continue to flock to the much more volatile and illiquid on-chain shitcoin markets.
The outlook for blue-chip cryptos remains strong, with the bull market very clearly in swing as Bitcoin ETF inflows pump.
But few established coins with market caps over $1 billion offer the possibility of greater than 10x upside potential.
If they want to secure 50-100x gains, traders need to visit a much more dangerous but potentially lucrative market. The on-chain shitcoin markets.
There is virtually no barrier for someone to launch a token on blockchains like Ethereum, BNB, Solana etc.
So new coins, which are then traded on DEXs, are constantly popping up.
The vast majority are either scams or pump and dumps. But some end up doing very well and reaching market caps of potentially $100s of millions.
Here are some of the top crypto gainers today on Ethereum, as per DEXTools.
Top Crypto Gainers Today
BullFrogInu ($BULLFROG)
A recently launched shitcoin BullFrogInu ($BULLFROG) is up 28,200% in 24 hours, its market cap having reached $2.35 million.
The shitcoin has $250,000 in unlocked liquidity. But it has under 50 holders and the latest pump is as a result of only $65,000 in trading volumes.
Those aren’t very impressive numbers. Potential investors ought to be very suspicious of this coin.
Not least because DEXTools’ smart contract audit thinks it could be a honeypot scam.
Animax AI ($ANAI)
A just launched “AI” use case shitcoin called Animax AI ($ANAI) has pumped up 1,000% on Tuesday, as per DEXTools.
That has seen its market cap rise to just over $1 million, with 125 holders.
The token has $270,000 in locked liquidity, reducing rug pull risk.
That being said, the token could still be a scam.
As per DEXTools’ smart contract audit, Honeypot.io thinks it is a honeypot scam.
Pulse ($PULSE)
A just launched shitcoin called Pulse AI ($PULSE) has pumped 5,270% in 24 hours, taking its market cap over $500,000.
The token has $120,000 in liquidity, and nearly 300 holders. But it a 5% buy and sell tax and two smart contract alert.
Potential investors should be very cautious and make sure to do their due diligence. There are no safe investments in the shitcoin market.
Alternatives to Consider – Smog (SMOG)
Shitcoins are highly risky. Most are either outright scams or, at the very least, pump-and-dump schemes designed to leave unsuspecting investors holding the bag.
A much better strategy is to look for more established meme coins that already have a presence but haven’t seen a massive pump just yet.
One such meme coin is a recently launched Solana coin called Smog (SMOG).
Its price has pumped nearly 6x since late February to reach a market cap of $170 million, as per DEXTools.
The dragon-themed token markets itself as offering Solana’s greatest airdrop of all time.
Traders can qualify for the airdrop by buying and holding SMOG on Solana, or staking the token on Ethereum.
Even though its market cap remains modest, SMOG already boasts a strong community.
Indeed, as per birdeye.so, it already has nearly 100,000 holders.
Given all the excitement about Solana airdrops in recent months, SMOG could gain significant interest in the coming weeks.
SMOG could deliver at least 10x gains to investors, hence its rank in the best crypto meme coins to buy now.
Traders should note that they can clinch a 10% discount when buying SMOG directly through the project’s website.
They can also stake their tokens for a 42% APY.
Buy SMOG Here
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