Top Crypto Gainers Today on DEXScreener – KRAZY, KOCHI, LLD
On a day of red for major cryptocurrencies, which struggled amid a strengthening US dollar and amid concerns about elevated post-halving sell pressure from Bitcoin miners, traders turned to the highly illiquid and volatile on-chain markets as they hunted for top crypto gainers today.
Bitcoin (BTC) slid below its 50DMA and to new one-month lows on Friday in the $65,000s.
Bears have been in control since BTC failed to break above $70,000 earlier this week following soft US CPI data.
Hawkish interest rate guidance from the Fed plus concerns about elevated miner sales have dampened the mood.
#Bitcoin miners are under pressure and they've begun selling.
Let's explore the recent uptick in mining pool transfers, the surge in OTC desk sales, and why even major publicly traded mining companies are reducing their holdings. 🧵👇
— CryptoQuant.com (@cryptoquant_com) June 13, 2024
A drop back to the $60,000s looks likely in the days and weeks ahead. Other major cryptos are also likely to experience declines.
This could be a great dip buying opportunity, for those who remain long-term bullish.
But for traders hunting quick gains, the allure of the micro-cap on-chain markets is strong.
New cryptos are issued on-chain every single day. Most are either scams or pump-and-dumps.
But in these treacherous markets, whilst it’s easy to lose everything, huge gains are also possible.
Here are some of the top crypto gainers today on Ethereum according to DEX analytics tool DEXScreener.
Top Crypto Gainers Today
Krazy n.d. (KRAZY)
A new shitcoin called Krazy n.d. (KRAZY), which is based on a Matt Furie Boy’ Club character, is pumping hard.
The just-launched token has already clinched a market cap of $2.9 million amid 24-hour volumes of $3.7 million.
Krazy Volume 👀 👅 pic.twitter.com/p2ksKMQ20m
— Krazy N.D. Eth (@_krazyndeth) June 14, 2024
That’s according to DEXScreener, who put the token’s liquidity at just over $200,000.
The shitcoin only has two concerning aspects to its smart contract. But that doesn’t mean it isn’t a scam. Traders must always do their due diligence.
Kochi Ken (KOCHI)
A new meme coin called Kochi Ken (KOCHI) is up a stunning 47,000% in the past 24 hours, per DEXScreener.
The new shitcoin has a market cap of $2 million, with just over $180,000 in liquidity.
While the token’s X account is getting modest engagement, there is no reason to think this token will go viral. Traders must be prepared to lose everything they invest into this coin.
Liberland Dollar (LLD)
Just launched shitcoin Liberland Dollar (LLD), which aims to become the go-to crypto for use in Liberland, is pumping hard.
Liberland is a stretch of unclaimed land between Croatia and Serbia that has caught the imagination of libertarians.
LLD was last up 500% in 24 hours, as per DEXScreener, with a $800,000 market cap.
Traders should be very cautious about this token. DEXScreener’s smart contract audit reveals that ownership hasn’t yet been renounced.
Moreover, the token is mintable, therefore it could easily be a scam.
Better Alternative to Consider
Investing on newly launched meme coins is fraught with risk.
Yes, some of these coins might 100x. But the vast majority will fall flat, and investors might never be able to find the liquidity to sell.
Their fast price action tends to trigger FOMO in traders, who neglect to do the required due diligence.
A potentially better alternative to investing in just-launched meme coins is to invest in presales.
Here, traders have more time to research a project and see if it is a good fit for them.
Indeed, if a trader can reliably identify projects that end up gaining tract, they can make big gains.
Analysts at Cryptonews keep a close eye on the presale market. Here are some of their top presales for 2024.
16 Best Crypto Presales to Invest In Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
