Top Crypto Gainers Today on DEXTools
Today, the top crypto gainers on DEXTools are $XETH, $TWEET, and $KABO. These small-cap cryptocurrencies have seen significant gains while the broader market is experiencing a downturn.
Why Small-Cap Cryptocurrencies Are Top Gainers
Small-cap cryptocurrencies tend to be the top gainers because their low liquidity allows for fast exponential gains with relatively small buy pressure. While blue-chip cryptocurrencies have upside potential, traders looking for quick profits often turn to low cap markets.
Market Downtrend Continues
The market downtrend has continued, with concerns about elevated Grayscale sales and the potential repayment of BTC tokens to Mt. Gox victims dampening sentiment. Bitcoin hit yearly lows at $38,500 before bouncing back, while Ether is struggling above $2,200. Other major altcoins like Solana, XRP, and Cardano are also down.
Top Small-Cap Crypto Gainers on DEXTools
With major crypto prices struggling, here are some of the top small-cap crypto gainers on Thursday according to DEXTools.
XETH ($XETH)
XETH ($XETH) is a newly launched cryptocurrency that has seen explosive growth in the past 24 hours. It has achieved a market cap of $1 million and liquidity of $220,000 in less than 24 hours. However, investors should be cautious as there are concerns about its smart contract being a honeypot scam.
TWEETY ($TWEETY)
TWEETY ($TWEETY) is another cryptocurrency that has been pumping in the past week. It has a market cap of over $1.8 million and partially locked liquidity of around $750,000. DEXTools’ security audit has found no concerning aspects to its smart contract.
KaboChain ($KABO)
KaboChain ($KABO) is a cryptocurrency that has experienced significant gains in the past 24 hours. It has a small market cap of around $600,000 and $90,000 in liquidity. DEXTools’ security audit has identified a few concerning aspects to its smart contract.
Crypto Alternatives to Consider
While low-cap coins offer potential returns, they also come with high risk. An alternative investment strategy to consider is getting involved in crypto presales. These presales often deliver huge exponential gains to early investors. Cryptonews has compiled a list of the best crypto presales of 2023 for investors to consider.
Hot Take: Small-Cap Cryptocurrencies Outperforming in Downturn
Despite the market downturn, small-cap cryptocurrencies like XETH, TWEETY, and KaboChain have seen significant gains on DEXTools. These low liquidity coins have the potential for fast exponential growth, making them attractive to traders looking for quick profits. However, investors should be cautious and conduct thorough research before investing in these small-cap cryptocurrencies due to the risks involved.
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