Best-Performing Low Market Cap Coins
If you’re looking for quick exponential gains, it might be worth exploring the shitcoin/meme coin markets. Here are some of the best-performing low market cap coins on Thursday, according to DEXTools.
EmotiCoin ($EMOTI)
EmotiCoin ($EMOTI) is a shitcoin claiming to be the first “elastic supply token” that reduces its supply by 20% every 4 hours. The token’s price has been rising consistently, attracting many investors. Its market cap now stands at around $3.6 million with 1,600 holders. The token has over $225,000 in locked liquidity and only four alerts in DEXTool’s security audit. However, investors should exercise caution as the token has failed to gain much traction.
Jinbe Knight of the Sea ($JINBE)
A new shitcoin called Jinbe Knight of the Sea ($JINBE) has experienced a pump since its launch on Thursday. It has already surged nearly 400% from its DEX launch price, reaching a market cap of nearly $200,000 with over 100 holders and liquidity exceeding $150,000. While DEXTool’s security audit reveals only one token contract alert, the fact that liquidity isn’t locked raises concerns about a potential rug pull. Traders should be cautious when investing in this token.
Monkey ($MONKEY)
Monkey $MONKEY, another shitcoin that had a slow start after its launch earlier this month, saw a significant surge on Thursday. It rallied over 150%, pushing its market cap close to $400,000. The token has $80,000 in locked liquidity and has accumulated over 300 holders. However, DEXTool’s security audit has identified eight concerning aspects of the token’s contract, including a 5% buy and sell tax and unfair powers held by the token’s issuer. It is important for traders to exercise caution as this coin could potentially be a scam.
Crypto Alternatives to Consider
Shitcoins are highly risky as most lack a real value proposition. If you’re looking for a better probability of near-term gains, consider getting involved in crypto presales. In these presales, investors purchase tokens of up-and-coming crypto projects to support their development. These tokens are usually sold at low prices and have a history of delivering significant gains to early investors. Many of these projects have strong teams and visionary goals. Identifying such projects can offer a good risk/reward ratio for presale investments.
Check out this list of 15 cryptocurrencies deemed as the best crypto presales of 2023.
Hot Take: Proceed with Caution in the Shitcoin Market
The shitcoin market may seem enticing with the potential for quick exponential gains, but it is crucial to proceed with caution. While some low market cap coins like EmotiCoin, Jinbe Knight of the Sea, and Monkey have experienced price pumps, there are risks involved. These coins may lack traction, have potential security issues, or even be scams. If you’re considering investing in shitcoins, thoroughly research each token and exercise caution to protect your funds.
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