Biggest Crypto Gainers Today on Uniswap
While blue-chip cryptocurrency markets are choppy on Tuesday as US market participants return from a long weekend, the biggest crypto gainers today on Uniswap are $BABY, $MONKEYS and $SMILEY.
Small-cap cryptocurrencies almost always take the mantle for the biggest crypto gainers each day. Thatโs because their low level of liquidity means that relatively small buy pressure can easily result in fast exponential gains. As the broader crypto market attempts to pick up following the recent bearish โsell-the-factโ reaction to spot Bitcoin ETF approval last week, traders are turning to these low-cap markets for opportunities.
Dancing Baby ($BABY)
A meme coin called Dancing Baby ($BABY) that launched last October but never really caught on has exploded into life. $BABY is up over 4,400% on Monday, making it one of the biggest crypto gainers today. According to DEXTools, the tokenโs market cap was last just over $900,000, with around $130,000 in locked liquidity. Given itโs been around a little while now, $BABY probably isnโt a scam, but investors should be cautious nonetheless.
Monkeys ($MONKEYS)
Another meme coin called Monkeys ($MONKEYS) has seen an impressive 850% pump on Tuesday, making it one of the biggest crypto gainers today on Uniswap. As per DEXTools, the token has a market cap of around $2.25 million and locked liquidity of around $275,000. It also has over 3,000 holders. But it does have three concerning aspects to its smart contract, as per DEXToolsโ security audit.
Smiley ($SMILEY)
Another shitcoin called Smiley ($SMILEY) has pumped up 800% in 24 hours as per Uniswap. The tokenโs market cap was last around $14 million, with $2.5 million in partially locked liquidity and close to 4,500 holders, as per DEXTools. $SMILEY has also been around since last August and has no smart contract alerts, as per DEXTools. That means itโs unlikely to be a scam.
Crypto Alternatives to Consider
Bitcoin can offer huge potential upside. But crypto investors should always be on the lookout to diversify their holdings. For those looking to add some beta to their portfolios, 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. 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.
Hot Take: Opportunities in Low-Cap Markets
The recent volatility in blue-chip cryptocurrency markets has led traders to seek opportunities in low-cap markets for potentially high gains. Today on Uniswap, the biggest crypto gainers are $BABY, $MONKEYS, and $SMILEY. Dancing Baby ($BABY) has seen a massive surge of over 4,400%, while Monkeys ($MONKEYS) and Smiley ($SMILEY) have experienced pumps of 850% and 800% respectively. These small-cap cryptocurrencies have low liquidity levels, making them susceptible to rapid exponential gains with relatively small buy pressure. While caution is advised, these coins present potential opportunities for traders looking to diversify their portfolios. Additionally, participating in crypto presales can be a high-risk, high-reward investment strategy to consider, providing access to upstart projects with the potential for significant returns.
Wyatt Newson emerges as a luminary seamlessly interweaving the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the dynamic canvas of digital currencies, Wyatt’s insights resonate like vibrant brushstrokes, capturing the attention of curious minds across diverse landscapes. His ability to untangle intricate threads of crypto intricacies harmonizes effortlessly with his editorial mastery, transmuting complexity into a compelling narrative of comprehension. Guiding both seasoned navigators and curious newcomers, Wyatt’s insights serve as a compass for astute decision-making amidst the ever-shifting currents of cryptocurrencies. With the artistry of a linguistic craftsman, they skillfully craft narratives that enrich the evolving tableau of the crypto landscape.
