Identifying Top Crypto Gainers Today on DEXTools
As a crypto trader, you may be looking for new opportunities to make quick profits. While Bitcoin and Ether have pulled back from their recent highs, the on-chain shitcoin markets offer the potential for massive gains. These markets can frequently see newly launched coins skyrocket by as much as 100x in a single day. However, it’s important to note that these markets are highly risky and volatile, so they’re not for the faint-hearted. In this article, we’ll explore some of the top-performing coins on Ethereum according to DEXTools, a decentralized exchange analytics tool.
PEPESimpsons ($PEPES)
A shitcoin called PEPESimpsons ($PEPES) has seen an incredible surge of around 75,000% in value on Friday. However, it’s crucial to exercise caution with this coin as it appears to be a scam. The price chart looks manipulated and honeypot.io has identified it as a honeypot scam through DEXTools’ security audit. It’s best to avoid this coin altogether and remember to approach all coins with skepticism until proven otherwise.
Landwolf ($WOLF)
Another recently launched shitcoin called Landwolf ($WOLF) has experienced a surge of over 44,000% within 24 hours. This token claims to be Pepe’s best friend and currently has a market cap of just over $3 million. With liquidity exceeding $300,000 and over 850 holders, it shows some promising signs. However, there are some concerning issues with its smart contract, including an antiwhale function and a max sell ratio. Traders should proceed with caution when considering this coin.
BVM ($BVM)
BVM ($BVM), yet another just-launched shitcoin, has seen a remarkable pump of over 1000% within 24 hours, according to DEXTools. This rally has led to a market cap of nearly $20 million for the token, with liquidity reaching $5.5 million and close to 3,000 holders. While these numbers are impressive for its first day of trade, it’s important to note that the token’s smart contract is still undergoing auditing. Traders should exercise care when dealing with this coin.
Alternatives to Consider – Smog (SMOG)
While shitcoins can be highly risky and often turn out to be scams or pump-and-dump schemes, there are alternatives worth exploring. One such option is Smog (SMOG), a recently launched Solana meme coin. Since late February, its price has surged nearly 8x, resulting in a market cap of $270 million according to DEXTools. Smog positions itself as offering Solana’s greatest airdrop of all time. To qualify for the airdrop, traders can buy and hold SMOG on Solana or stake the token on Ethereum.
Despite its modest market cap, Smog already boasts a strong community with over 60,000 holders. With the recent excitement surrounding Solana airdrops, Smog could attract significant interest in the coming weeks. Investors may potentially see at least 10x gains from this meme coin. Traders should take note that they can enjoy a 10% discount when purchasing SMOG directly through the project’s website and stake their tokens for a 42% APY.
Hot Take: Identifying Opportunities Amidst Market Volatility
While Bitcoin and Ether may have pulled back from their recent highs, there are still opportunities to be found in the crypto market. By exploring the on-chain shitcoin markets and considering alternative meme coins like Smog (SMOG), traders can potentially uncover new avenues for quick profits. However, it’s essential to exercise caution and perform thorough research before investing in any coin. Remember that these markets come with significant risks, and not all coins are genuine or worth your investment. Stay vigilant, stay informed, and make wise trading decisions.
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