Tuesday saw explosive moves in major cryptocurrency markets, with Bitcoin (BTC) coming within a whisker of hitting new all-time highs, and top crypto gainers today in the DEX markets also surging.
Risk appetite could ramp up further in the days ahead as the US presidential election looms and a barrage of mega cap earnings reports and major US economic data points are released.
Bitcoin could soon find itself at all-time highs above $74,000 and other major altcoins might also surge.
But the biggest movers will no doubt be trading in the DEX markets.
Speculators are constantly flocking to these risk markets because of the potential for discovering undervalued assets early – high-potential new tokens are often listed on DEXs before they hit more established DEX platforms.
However, this comes with significant risks. These include possible smart contract vulnerabilities, lower liquidity which can lead to price slippage, and the possibility of rug pulls or scams due to less stringent listing requirements.
However, if traders get into the right tokens, there is a potential for massive returns.
Traders often utilize tools like DEXScreener to find trending coins. Here are some top crypto gainers today that will likely be turning their heads.
Top Crypto Gainers Today on DEXScreener – Which Are They?
A new Ethereum meme coin called Donald Trump (DJT) is one of the top crypto gainers today, having rallied around 41,000% since its launch, per DEXScreener.
The meme coin’s market cap was last around $1.7 million, with only around $177,000 in liquidity.
That means a big sell order could cause a massive, rapid crash. Moreover, DEXScreener users seem skeptical of the token.
DJT has 43 red flag emoji votes on the platform, to 76 rocket ship emoji votes.
The Uniswap-listed token could perform well as PolitiFi tokens gain hype ahead of the election.
But there is a high risk that it ends up being either a pump-and-dump scam or rug-pull of some sorts.
The next name on the top crypto gainers today list worth mentioning is DOGE MASCOT (SHIBU).
This new Solana meme coin is up 500% in 24 hours to a market cap of $4.3 million, following a community takeover that injected new optimism into the coin.
SHIBU’s community page on X has 586 members, suggesting there is scope for further growth for this coin.
Hemlo it's me Shibu
pic.twitter.com/UxTfQBCYkU
— Fantoumi (@Fantoumi) October 29, 2024
The final name on the top crypto gainers today list worth mentioning is a strange meme coin called Fridge (FRIDGE), which is allegedly being entirely run off of a Samsung 636L AI Family Hub Fridge in a mall.
Manager interaction pic.twitter.com/kWyYnb96d4
— FRIDGE (@FRIDGE1661142) October 29, 2024
Its market cap was last around $2 million, up around 2,400% in the past 24 hours, per DEXScreener.
The meme coin community loves originality, and this meme coin is certainly original. That said, this doesn’t mean it going to drastically increase in market cap, or remain relevant for long.
Perhaps a better way to secure gains with micro-cap coins is to get into projects with utility at an early stage.
Investing in getting involved in high-potential crypto presales. If a project offers some real utility/solves a real web3 problem, then its got a much better chance of maintaining long-term value compared to the top crypto gainers today noted above.
Analysts at cryptonews.com keep a close eye on the presale market in their hunt for the next 20x project. Here are some of their top picks.
17 Best Crypto Presales to Invest In Now
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