With blue-chip cryptocurrency markets choppy on Friday following the release of a bumper US jobs reports that saw macro traders pare back on Fed rate cut bets, $DORK, $GME and $BEBE are the biggest crypto gainers today on decentralized exchange Uniswap.
Bitcoin (BTC) swung either side of $43,000 while Ether (ETH) chopped either side of $2,300 on Friday.
Traders paring Fed rate cuts bets is a headwind for liquidity sensitive assets like crypto.
But at the same time, net flows into recently launched spot Bitcoin ETFs are turning decisively positive.
BlackRock’s iShares Bitcoin Trust (IBIT) hit $3 billion in assets under management (AUM) on Friday, indicative of strong BTC demand.
As a result, neither the bulls nor bears were able to take control of blue-chip markets on Friday.
However, some number of small-cap cryptocurrencies are almost always pumping and nearly always also take the mantle for the biggest crypto gainers each day.
That’s because their low level of liquidity means that relatively small buy pressure can easily result in fast exponential gains.
While blue-chip cryptocurrencies can offer good upside prospects, traders looking to make quick profits usually turn to low-cap markets.
That being said, here are some of the biggest crypto gainers today on web3’s best-known decentralized exchange (DEX) Uniswap.
Biggest Crypto Gainers Today on Uniswap
Dork ($DORK)
An Andrew Tate-themed shitcoin called Dork ($DORK) takes the spot of biggest crypto gainer today on Uniswap.
It was last up over 540% in the past 24 hours.
$DORK’s market cap was last around $4 million.
That’s according to DEXTools, which puts says the token currently has liquidity of around $825,000 and over 7,100 holders.
As per DEXTools’ security audit, the token has four concerning aspects to its smart contract.
DumbMoney ($GME)
A new meme coin called DumbMoney ($GME) has been pumping to fresh record highs in recent days.
As per Uniswap, it was last up around 50% in 24 hours.
That makes it one of the biggest crypto gainers today, with its market cap last around $2.2 million, as per DEXTools.
The token has nearly $150,000 in locked liquidity, reducing rug pull risk.
It also has three smart contract alerts.
BEBE ($BEBE)
Another shitcoin called BEBE ($BEBE) is enjoying an impressive 35% pump on Friday, making it one of the biggest crypto gainers today on Uniswap.
As per DEXTools, the token’s market cap was last around $590,000, with around $108,000 in locked liquidity.
$BEBE has five smart-contract alerts.
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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