Top Crypto Gainers Today on DEXScreener – SLUMBO, NCAT, BABYWOLF
As blue-chip cryptocurrencies struggle, with Bitcoin (BTC) declines into the mid-$63,000s as ETF outflows ramp up, miner sell pressure continues and the German government also appears to make moves to unload its holdings, investors are turning to the highly volatile and illiquid micro-cap markets as they hunt for top crypto gainers today.
Bitcoin remains wedged well within its multi-month ranges, and a similar story can be said for most major altcoins.
Amid “boring” market conditions, volatility-seeking traders often find themselves perusing the micro-cap markets, which are always lively.
Micro-cap markets refer to the on-chain crypto markets, where anyone can issue and trade tokens with zero restrictions.
New coins are launched on blockchains like Ethereum and Solana every single day.
Most are scams or pump-and-dumps. And almost none hold any long-term value.
However, if they start to trend, tokens can sometimes post whopping gains of 100 or even 1,000x.
Of course, the reverse can also be true. Tokens can become worthless in an instant, especially if a rug-pull occurs.
That being said, here are some top crypto gainers today on DEXScreener that traders will be keeping an eye on.
Top Crypto Gainers Today
Slumbo (SLUMBO)
A just-launched Solana meme coin called Slumbo (SLUMBO) is up over 69,000% today, per DEXScreener.
The token’s market cap was last around $2.7 million, with locked liquidity of around $130,000.
https://twitter.com/Slumbo_io/status/1804159940396810266
Its small market cap means there remains plenty of room for growth. That said, like all newly launched meme coins, SLUMBO is likely also just another pump-and-dump.
Baby Landwolf (BABYWOLF)
A just-launched Base meme coin called Baby Wolf (BABYWOLF) is up 4,600%, as per DEXScreener.
That said, the token is down over 50% from session highs, and its market cap is puny at just $85,000.
This meme coin probably isn’t going anywhere. But with such a low market cap, if it did, investors who got in now would make big gains.
Ready to toast to the future? 🍾 Join the Baby Landwolf pack and be part of the next big thing in the meme coin world! 🚀🐺 pic.twitter.com/TAfRKd6IWR
— Baby LandWolf | $BABYWOLF | (@Baby_LandWolf) June 21, 2024
As always, investors must do their due diligence before getting involved in micro-cap meme coin markets.
NCAT (NCAT)
Another new Solana meme coin called NCAT (NCAT) is up 4,600% since launch, its market cap last around $17 million. That makes it one of the top crypto gainers today.
That’s according to DEXScreener, which puts its liquidity at just $90,000. That’s very low for a $17 million meme coin.
It suggests that a tiny amount of DEX sell pressure could trigger a massive price downside.
The meme coin only has a Telegram link, which is a bit of a red flag. The meme coin’s community vote score on DEXScreener is even more of a red flag.
163 DEXScreener users have voted on the red flag emoji, suggesting they don’t trust the token.
87 have voted on the poo emoji, suggesting they think it’s a shitcoin. Only 3 have voted on the rocket emoji and one on the fire emoji. This coin is very likely a scam.
Crypto Alternatives to Consider
Rather than investing in scammy micro-cap meme coins, investors should consider meme coin presale investing.
Analysts at Cryptonews.com keep a close eye on the presale market. They have compiled a list of meme coin presales which they think have a lot of potential.
15 Best Meme Coins to Buy in June 2024
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.
