Top Crypto Gainers Today on DEXTools
While blue-chip cryptocurrencies are attempting a recovery in wake of broadly bearish price action since last Friday, $BIAO, $HEMULE and $XFER are the top crypto gainers today on DEXTools.
Bitcoin (BTC) was last trading hand around $43,000, up around 3% on the day.
Meanwhile, Ether (ETH) was last up just over 2.5% and the major altcoin picture was mixed.
With most US market participants away for MLK Day celebrations, trading volumes were low.
As per Yahoo Finance, major exchanges saw around $25 billion in spot trading volumes on Monday.
That’s well below last Monday’s $42.7 billion in volumes.
Trading conditions are thus likely to remain subdued until markets in the world’s largest economy come properly back online.
With blue-chip cryptocurrencies marooned within recent ranges, traders looking for quick gains will continue to turn to low-cap markets.
The market for shitcoins/meme coins is highly illiquid and thus can be very volatile.
Shitcoins routinely post 5-10x gains in a single day, something blue-chip markets cannot offer.
That means, on any given day, the top crypto gainers are likely to be low-cap shitcoins.
Here are some of the top crypto gainers today, as per the Decentralized Exchange (DEX) analytics tool DEXTools.
Top Crypto Gainers Today
Biaocoin ($BIAO)
A shitcoin that was launched last May called Biaocoin ($BIAO) which looked to have died has gained a new lease of life in the past two days.
As per DEXTools, $BIAO is up nearly 300% in the past 24 hours.
Its market cap was last above $500,000, with liquidity of $440,000 and nearly 400 holders.
The shitcoin has been around a while so it probably isn’t a scam.
That being said, it has four smart contract alerts, as per DEXTools’ security audit, so investors should be cautious.
Hemule ($HEMULE)
A meme coin based after Ethereum creator Vitalik Buterin’s cat Hemule ($HEMULE) is up 130% on Monday.
That’s according to DEXTools, which puts the shitcoin’s market cap at $2.56 million.
$HEMULE has over 3,000 holders and around $360,000 in liquidity.
The token has three smart contract security alerts, as per DEXTools’ security audit.
X BRIDGE BOT ($XFER)
Telegram crypto bridge X BRIDGE BOT ($XFER) is pumping on Monday.
It’s up 150% in the past 24 hours as per DEXTools.
Its total market cap was last around $240,000 with around $88,000 in locked liquidity.
It also has close to 900 holders.
Bulls are assessing whether it can get back to its 2023 highs above $0.12.
That would be a roughly 5x rally from current levels.
The token has three smart security alerts as per DEXTools.
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.
The post Top Crypto Gainers Today on DEXTools – BIAO, HEMULE, XFER appeared first on Cryptonews.
