As major cryptocurrencies edge higher at the start of a week packed with major macro risk events that include a major US Presidential nominee debate and US Consumer Price Index (CPI) inflation data, traders are turning to on-chain DEX markets and using tools like DEXScreener to find top crypto gainers today.
While Bitcoin (BTC) was last up over 4% in the past 24 hours and trading above $56,000, per CoinMarketCap.
But those gains pale in comparison to the gains seen by top crypto gainers today in the DEXmarkets.
Indeed, thanks to their low liquidity, micro-cap altcoins trading on DEXs can experience rapid exponential price rises in very short periods of time.
While its possible for traders to go quickly from rags to riches in the DEX markets, traders must also remember the risks.
DEX markets are replete with scam tokens and pump-and-dump schemes.
Traders must never invest more than they can afford to lose, and must always do their due diligence.
Here are some trending top crypto gainers today on DEXScreener that traders will be watching.
Top Crypto Gainers Today on DEXScreener
A recently launched Ethereum meme coin called Department of Government Efficiency (DOGE) is one of the most notable top crypto gainers today.
Per DEXScreener, DOGE last had a market cap of more than $12 million, with around $12.7 million in 24 hour trading volumes.
DOGE was created in response to a meme created/Tweeted by Twitter owner and Tesla CEO Elon Musk.
Musk may head a future Department of Government Efficiency agency under a potential Trump return to the White House.
With many twists and turns in the US Presidential election potentially laying ahead, DOGE could yet see a lot of price growth.
But it is a highly speculative token, with no real utility or value. Hence, traders must be exceedingly cautious.
Elsewhere, other top crypto gainers today worth noting are RetardedAPY (RAPR) and Moth (MOTH).
Both are newly launched Solana meme coins, with market caps of $8.8 million and $5 million respectively.
While RAPR is in a sharp uptrend, gaining 180% in 24 hours, traders need to be very careful with this coin.
DEXScreener warns that it is mintable, meaning the creator can inflate the supply at any moment.
Moth, meanwhile, only has licked liquidity of around $166,000, tiny compared to its market cap.
That means a very small amount of sell pressure could trigger a huge price crash.
Again, traders need to be exceedingly careful when investing in these highly risky on-chain DEX markets.
Perhaps a better option for those looking for big gains would be to check out crypto presales.
Presales offer investors the opportunity to get in early on high potential crypto projects.
Presales, of course, carry their own set of risks, and investors must still do their own research.
Here are some of analysts at Cryptonews.com’s top picks right now.
19 Best Crypto Presales to Invest In Now
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