Bitcoin (BTC) rallied past key support at $55,000 and sustained above this level today, even as the German government’s Bitcoin transfers continued to mount.
According to the latest data from crypto intelligence platform Arkham, Germany transferred 2,738.7 BTC, worth approximately $155.3 million, to exchanges, OTC services, and unlabelled addresses today.
More analysts are becoming hopeful about a possible price rebound. Others are still unsure and think it’s too early to be certain, however. Keith Alan, co-founder of Material Indicators, is one of the skeptics. He thinks Bitcoin may slide further before it hits rock bottom.
The Weekly close for Bitcoin was ugly.
There's a lot of chatter on CT about the bottom being in, but I'm not seeing any validated confirmation of that yet. A retest of support could give us the confirmation we are looking for, but I'm not confident $53.5k will hold.
I'm… pic.twitter.com/2QZDWkSdhL
— Keith Alan (@KAProductions) July 8, 2024
Ethereum (ETH) is below the $3,000 level, trading at $2,913, down 2.68% in the last hour. Meanwhile, Ripple (XRP) made a comeback above the $0.40 support, currently trading at $0.42. Pro-crypto attorney Fred Rispoli predicts a ruling in the SEC vs. Ripple lawsuit by the end of July, adding to the market’s speculative activities.
July 31, although I could see her doing July 13 to be poetic.
— Fred Rispoli (@freddyriz) July 2, 2024
Despite these market fluctuations, many traders turn to on-chain markets to invest in top crypto tokens despite the inherent market volatility. In addition, these markets come with significant risks despite their potential for high returns. Hundreds of tokens are issued daily, many of which are literally designed to scam investors.
Tools like DEXScreener are essential for identifying and monitoring top crypto gainers and navigating the risks inherent in these markets.
Here are some of the top crypto gainers today on DEXScreener that you should consider:
Billy ($BILLY)
$BILLY is one of the newest meme coins on the Solana network. It has rapidly gained attention with a remarkable performance in the last 24 hours, reflecting strong market interest and investor confidence.
Currently, $BILLY is priced at $0.016, marking an impressive 27% increase in the past day. This surge is accompanied by a substantial 24-hour trading volume of $22.5 million, positioning Billy as one of the top crypto gainers today. The token boasts a market cap of $174.1 million, $3.7 million in liquidity, and 19,568 holders, indicating a solid and growing user base.
Probably the best-looking chart rn $billy
Solid 22M volume / 24hFor sure some CEX listings are incoming for the cute puppy
Imagine what happens when the markets relieve?It's looking like the next $WIF is a smol dog pic.twitter.com/Xeb2P1MdEN
— Solid 堅固 (@SolidTradesz) July 8, 2024
The $BILLY token is outpacing similar meme cryptocurrencies, such as Dogecoin ($DOGE) and Pepe ($PEPE), which have recorded 0.20% and 2.40% losses in the last 24 hours.
This exceptional performance solidifies $BILLY’s potential and attractiveness to investors looking for high-growth opportunities.
Despite having an unknown social media page or founder, the meme coin has attracted noteworthy attention due to its consistent gains, recently recording a 31.36% increase in the past 6 hours. While project anonymity often hampers growth, it hasn’t deterred investors from flocking to $BILLY.
The other thing to mention about $BILLY – is that it is 100% organic
There was no plan in place, no supply held for KOLs, EVERY single person who has come aboard $BILLY did it out of love for the meme/ belief in its potential.
That’s part of what’s so special about it. It’s…
— Lexapro (@LexaproTrader) July 8, 2024
The $BILLY token’s performance metrics and discounted price rank as one of the best crypto gainers today, which could position the meme coin for potential continued growth.
Shrek ($SHREK)
Similar to $BILLY, $SHREK ranks as one of the most trendy meme coins on the Solana network. The coin features the iconic avatar of the popular Shrek movie character. That means it’s amongst the top crypto gainers today.
Like most meme coins, $SHREK offers no utility but capitalizes on its nostalgic appeal and fervent hype from meme community enthusiasts, short-term traders, and fans of the Shrek franchise.
$SHREK trades for $0.0062, soaring by an unbelievable 63,109% in the last 24 hours and 24% in the past five minutes. The meme coin boasts a 24-hour trading volume of $3.9 million, a market cap of $6.5 million, liquidity of $229,000, and a current holder count of 5,700.
**Jump into $SHREK with $Solana $SOL!**
**CA:** 9WYRcbftGiVorgtUJKm7pNHXXzSmdPCg1LdnJaZy5RBJ
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https://t.co/UbqDKmFVhY pic.twitter.com/TnPFFbzcRY
— CryptoPioneerX | Soso (@s0s0meme) July 8, 2024
Investors who missed out on the massive bull runs of $PEPE, $DOGE, and $SHIB can explore the $SHREK project, but investors should tread with caution as the meme coin market is filled with crypto scams and extreme volatility
Bonk ($BONK)
What a great night
And The Dog is watching it all
pic.twitter.com/8eLTuMlGFp
— BONK!!! (@bonk_inu) July 5, 2024
While $BONK features a cute dog as its mascot and logo, similar to $DOGE and $SHIB, it differs in major ways. It is built on Solana. The $BONK token was launched with a massive airdrop on December 25, 2022, as a Christmas gift to the Solana community.
At press time, $BONK trades at $0.00002466, up 14.83% in the last 24 hours and 14.96% in the previous six hours. The trading volume of $1.6 million in the past day is also noteworthy.
The token boasts a market cap of $1.63 billion, liquidity of $3 million, over 740,000 holders, and a large Twitter following of 323,000 people.
$BONK
whenever sol pumps; its ecosystem pumps too; BONK is a Grandfather of sol meme coins; currently 2490 is acting as resistance flips that area and good move above will come. pic.twitter.com/FMNuvfMgzR— Bilal Nasir Khan (@BilalNasirKhanI) July 8, 2024
Since its launch, $BONK has generated over 7,000% gains for early investors and has shown signs of a re-run due to its recent price gains.
It is important to know that $BONK is listed on many centralized exchanges, including Binance. While multiple listings remove the fear of rug-pull, the asset is still susceptible to market volatility.
Trump&Biden ($T&B)
The Trump&Biden ($T&B) cryptocurrency features an avatar of Donald Trump and is socially linked to the upcoming U.S. presidential election battle between Donald Trump and Joe Biden in November.
At press time, $T&B trades at $0.0001794, reflecting a 228% increase in the past day alone. The token’s impressive 24-hour trading volume is $347,000, indicating a high level of activity and interest from traders.
The token’s market cap of $175,000 highlights its growing popularity, while the liquidity pool of $41,000 ensures that transactions can be processed smoothly. Additionally, the token has attracted 7,336 holders, demonstrating a rapidly expanding user base.
Similar to other meme coins, $T&B lacks intrinsic utility, which means its value is driven primarily by market sentiment, speculation, and the current hype surrounding the election. This characteristic makes $T&B particularly appealing to short-term traders who are looking to capitalize on its volatility and the buzz created by the election.
Crypto Presale Alternatives to Consider
While these coins feature bullish sentiments, evident by their recent price gains in the last 24 hours, they also pose major risks, including the potential for rug pulls and extreme volatility. Such negative factors are common in the on-chain market, which makes trading these coins tricky. For investors who are unsure of these tokens, another alternative to consider is projects running their presale campaigns.
Presales provide the opportunity to purchase tokens at discounted prices before they list and potentially increase in value.
CryptoNews.com analysts monitor the presale market to identify top-performing coins. They have compiled a list of the best presale meme coins to consider for potential returns.
14 Best Crypto Presales to Invest In Now
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