$CHECKS, $VV and $BIDEN2024 are the biggest crypto gainers today on Uniswap, as the broader market downturn worsens.
Small-cap cryptocurrencies almost always take the mantle for the top 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.
Speaking of blue-chip markets, most major coins continue to stabilize on Thursday.
Bitcoin (BTC) was last moving sideways near $40,000, unphased by stronger-than-expected US GDP growth figures for Q4 2023 that may push back Fed rate cut expectations, and unphased by another 12.2K BTC tokens moved to exchanges by Grayscale, which indicates continued selling from the firm’s spot Bitcoin ETF.
Today’s movements from Grayscale:
Total BTC moved by Grayscale: 12.2K BTC | $487.4M
Total BTC deposited to Coinbase Prime: 10.0K BTC | $400.2M (-34.4% from yesterday)https://t.co/K7P3NmHxvf pic.twitter.com/4wjlvXcGAN
— Arkham (@ArkhamIntel) January 25, 2024
Ether (ETH), meanwhile, was slightly in the red in the past 24 hours near $2,200.
With major crypto prices struggling, here are some of the biggest small-cap crypto gainers today as per Uniswap.
Uniswap is the largest decentralized cryptocurrency exchange (DEX) and operates across multiple blockchains.
Biggest Crypto Gainers Today on Uniswap
Checks Token ($CHECKS)
Meme-focused shitcoin called Checks Token ($CHECKS) has exploded higher on Thursday.
Up over 300% in 24 hours, as per Uniswap, it’s one of the biggest crypto gainers today.
As per DEXTools, its market cap is still mini at just $133,000 and with under $70,000 in liquidity.
It does have an impressive more than 1,450 holders, however.
As per DEXTools’ security audit, it has no concerning aspects to its token contract.
Virtual Versions ($VV)
Decentralized AI data and social identity protocol coin Virtual Versions ($VV) has pumped in recent days.
It was up over 100% in the past 24 hours, making it one of the biggest crypto gainers today.
$VV’s market cap was last just over $5.75 million but with low liquidity of only around $64,000, as per DEXTools.
It doesn’t have too many smart contract alerts, as per DEXTools’ smart contract.
BIDEN2024 ($BIDEN2024)
In fitting with the theme of meme coins named after US political figures pumping, BIDEN2024 is having a go.
The shitcoin is up 60% on Thursday, as per Uniswap, making it one of the biggest crypto gainers today.
Its market cap was last around $1.38 million, with around $120,000 in liquidity and 1,500 holders.
The token has no concerning aspects to its smart contract, as per DEXTools’ security audit.
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
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