Top Crypto Gainers Today on DEXTools
Blue chip cryptocurrency markets are mostly lower on Wednesday amid a fresh flushing out of leverage that may have been triggered by FUD relating to the imminent expected approval of spot Bitcoin ETFs in the US, as well as potentially by macro headwinds as US stocks pull lower and US yields/the US Dollar rise at the start of 2024.
Bitcoin (BTC) dipped back under $43,000, down close to 5% in the past 24 hours after hitting fresh 21-month highs near $46,000 on Tuesday.
Ether (ETH), meanwhile, was down closer to 6% over the past 24 hours and back in the low $2,200s, while Solana (SOL) was down around 7%, XRP (XRP) down about 6% and Cardano (ADA) down about 9%.
Binance Coin (BNB) was a rare gainer, up just over 2% in the past 24 hours.
With major cryptos pulling back from multi-quarter highs at the start of 2024, traders looking to turn a quick profit will continue to turn to the highly volatile and illiquid low-cap shitcoin/meme coin markets.
Here are some of the biggest gainers on the Ethereum blockchain, according to Decentralized Exchange (DEX) analytics and surveillance platform DEXTools.
OpSec ($OPSEC)
A newly launched shitcoin called OpSec is up over 74,000% in the past 24 hours, according to DEXTools, making it the best performer on the day.
It last had a market cap of just under $4 million, with over $2 million in volumes having changed hands in the past 24 hours, with around $260,000 in locked liquidity and with 532 holder, impressive stats given it only launched on Wednesday.
Investors should still exercise caution, with DEXTools’ security audit revealing the token has a 5% buy and sell tax, plus a few other concerning aspects to its smart contract.
AlphaNova ($ANVA)
Another just-launched shitcoin called AlphaNova ($ANVA) is up over 1,700% in the past 24 hours, as per DEXTools.
Its market cap was last around $460,000, with just over $200,000 in locked liquidity and more than 260 holders, with over $1.58 million having changed hands since the token’s launch.
But investors should be warned that DEXTools’ security audit has identified that the token is mintable, meaning it could be a scam.
Orbitt Pro ($ORBT)
A shitcoin called Orbitt Pro ($ORBT) that launched just under a week ago is pumping on Wednesday after a quiet few days.
As per DEXTools, the token was last up around 560% in the last 24 hours, with more than $600,000 having changed hands.
$ORBT last had a market cap of around $1.36 million, with locked liquidity of around $140,000 and over 450 holders.
DEXTools’ security audit identifies a few concerning aspects about the token’s smart contract, meaning investors should be cautious, include a 3% buy and sell tax.
Crypto Alternatives to Consider
Low-cap coins can offer huge potential returns but also come with a lot of risk.
For those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.
This is where investors buy the tokens of upstart crypto projects to help fund their development.
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
Here is a list of 15 of what the project deems as the best crypto presales of 2023.
See the 15 Cryptocurrencies
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilize affiliate links within our content, and receive commission.
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