Top Crypto Gainers Today on DEXScreener – CATALORIAN, NEIRO, GINNAN
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Major cryptos are trading in bearish fashion as political and economic uncertainty in the US ramps up, with traders looking for quick gains turning to on-chain DEX markets in their hunt for top crypto gainers today.
Republican Presidential nominee Donald Trump was the target of another assassination attempt over the weekend, and macro investors are uncertain as to the size of the rate cut the US Federal Reserve will go for on Wednesday.
As a result, Bitcoin (BTC) slipped 2% on Monday to trade near the $58,000 level.
That marks a rejection of its 50DMA, which might be a bad sign for its near-term outlook.
Amid a lot of uncertainty in major crypto and traditional markets, impatient traders are looking for ways to make quick gains.
They are often tempted by the on-chain DEX markets, which are exceedingly volatile due to their low liquidity.
Indeed, new crypto tokens routinely enjoy 10x+ intra-day pumps if they can catch the attention of degenerate traders.
Here are some top crypto gainers today, as per DEXScreener.
Top Crypto Gainers Today – Which Are They?
A new Ethereum meme coin called Catalorian (CATALORIAN) that launched last week exploded higher on Monday.
Per DEXScreener, the token has gone up 1,160% in the past 24 hours to a market cap of $3.7 million.
The new cat-themed meme coin still has a small market cap, suggesting plenty of room for growth.
But traders must remember that nearly all newly launched meme coins are either scams or pump-and-dump schemes of some sort.
Traders must do their own due diligence and never risk more than they can afford to lose.
Another name among the top crypto gainers today is Neiro (NEIRO), which has pumped 800% on a Binance listing.
Per DEXScreener, its market cap was last a whopping $146 million.
That’s a huge achievement for a community-run meme coin like Neiro.
Meme coins that reach a market cap in the $100s of millions often find they have hit a critical mass to survive for the long term.
Of course, there is no guarantee that NEIRO is here to stay.
Traders must remember that most new meme coins do not hold any long-term value.
The final name on the top crypto gainers today list is another Ethereum meme coin called Ginnan Doge’s Brother (GINNAN).
GINNAN is up close to 600% on Monday, per DEXScreener, reaching a market cap of $1.7 million.
GINNAN first popped up in early August and saw a decent pump.
Monday’s pump might just be a dead-cat bounce, so traders should be cautious about buying into this coin.
Coins like this normally don’t recover following their first major pump and dump.
Alternative to Consider
A better alternative to the above-noted top crypto gainers today might be crypto presales.
Upstart crypto projects often sell their token at a discount to fund early development.
If investors can identify high-potential projects, presales can be a great way to make big returns.
Analysts at Cryptonews.com monitor the crypto presale market closely. Here are some of their favorite projects right now.
17 Best Crypto Presales to Invest In Now
Alternatively, check out the video below by Cryptonews.com’s in-house presale analyst, Chester, who discusses some of the highest potential presales right now.
