Biggest Crypto Gainers Today on DEXTools – BLINKY, SHIFU, BOLT
After failing on its second attempt to break convincingly to the north of the $28,000 level this week, Bitcoin (BTC) has fallen just over 1% to trade back below the $27,500 mark.
The 200DMA (at $28,000) continues to act as strong resistance, and traders are likely reluctant to push the price above this key long-term level ahead of Friday’s key US jobs data release.
US yields are pulling back sharply from earlier weekly highs, though still remain up on the week, and a stronger-than-expected jobs data release could reignite the upward pressure on yields, which would likely weighing on crypto prices.
Higher yields on risk-free assets like US government bonds reduce the incentive for investors to hold riskier and non-yielding assets, of which Bitcoin is considered to be both.
With market conditions likely to remain somewhat tame ahead of Friday’s US jobs data, traders will continue to turn to illiquid shitcoin/meme coin markets in the hunt for better trading opportunities.
Here are some of the top-performing low-cap tokens as per DEXTools.
Blinky Red Ghost ($Blinky)
A recently launched shitcoin called Blinky Red Ghost ($Blinky) has pumped on Thursday, and was last up more than 300% in the last 24 hours, as per DEXTools.
Blinky Red Ghost last had a market cap of around $260,000, liquidity of $224,000, over 200 holders and around $650,000 in 24-hour trading volumes, all fairly impressive numbers.
The token doesn’t appear to be a scam, with no concerning aspects to its contract, as per the DEXTools’ security audit.
Master Shifu ($SHIFU)
A shitcoin called Master Shifu ($SHIFU) that was launched earlier this week is looking to make it three up days in a row and was last up over 160% in the last 24 hours, as per DEXTools.
The shitcoin last had a market cap of around $700,000, around $370,000 in liquidity, close to 300 holders and 24-hour trading volumes of over $700,000.
The token’s contract only has two alerts, as per DEXTools’ security audit.
Another token called Bolt ($BOLT), which is the native token of a Telegram-based trading bot, is also looking to make it three up days in a row.
$BOLT was last up around 140% in the last 24 hours as per DEXTools, with a market cap of just under $500,00, locked liquidity of around $110,000, over 1,300 holders.
Trading volumes in the past 24 hours are meager at only around $60,000, suggesting the recent move higher lacks conviction, so investors should be careful about a possible reversal.