On a subdued day for major cryptos, as investors took a breather following Thursday’s staggering rally, investors instead turned to on-chain shitcoin markets on the hunt for top crypto gainers today.
Bitcoin (BTC) went sideways in the $61,000 area. Other major cryptos like Ethereum (ETH) and Solana (SOL) slid around 3% in the past 24 hours, per CoinMarketCap.
Traders are awaiting fresh US economic data next week that the bulls will be hoping reduces recession risks.
They will also be monitoring US politics, with ex-President Trump and VP Harris neck-and-neck in the polls, and geopolitics as tensions between Iran and Israel simmer.
However, those hunting for volatility may look to on-chain markets instead of blue-chip markets.
That’s because new crypto coins are launched every day, and some go on to post rapid exponential gains.
For those looking to turn a small initial investment into a fortune, on-chain meme coin markets are the place.
Traders often use tools like DEXScreener to monitor trending coins.
Here are some of the top crypto gainers today that they might be watching.
Top Crypto Gainers Today
KarateCat (KCAT)
The success of Solana meme coin Popcat (POPCAT) has spawned a number of similar cat meme coins.
Karate Cat (KCAT) is amongst the top crypto gainers today, up 116,000% in the past 24 hours per DEXScreener.
That said, the token is down 75% from its earlier session highs.
A pump-and-dump may have already largely taken place.
For what its worth, the token has a market cap of $2.4 million, with $130,000 in liquidity and $1.5 million in trading volumes.
Thin liquidity means a very small amount of sell pressure could trigger a huge price drop.
Oracle Cat (ORACLE)
Another just-launched cat shitcoin called Oracle Cat (ORACLE) has pumped up over 57,000% since its launch. That makes it a top crypto gainer today.
Per DEXScreener, that has seen its market cap rise to $1.9 million, and locked liquidity to $130,000.
$2M
pic.twitter.com/vFtVl6gVtb
— Oracle Cat (@OracleCatSol) August 10, 2024
The meme coin claims to power a “Solana native prediction market powered”, per its official X account.
But traders should always be very cautious that a token could just be a rug-pull scam.
That means a fake project that suck in investor money, only to then disappear.
CamGirl NIA (NIA)
A Matt Fury-themed shitcoin called CamGirl NIA (NIA) is up nearly 16,000% on Friday. That makes it another top crypto gainer today.
The token last had a market cap of $1.2 million, with just over $200,000 in locked liquidity, per DEXScreener.
While DEXScreener’s smart contract audit found no issues with the token, that doesn’t mean it’s not a scam.
Traders must bear in mind that nearly all newly launched tokens will not hold value in the long term.
Most are just scams or pump-and-dumps of some sort.
Crypto Alternatives to Consider – Presales
Investors may want to consider meme coin presale investing rather than investing in highly risky micro-cap meme coins.
Analysts at Cryptonews.com keep a close eye on the presale market. They have compiled a list of meme coin presales that they think have a lot of potential.
15 Best Meme Coins to Buy
The post Top Crypto Gainers Today on DEXScreener – KCAT, ORACLE, NIA appeared first on Cryptonews.
