Top Crypto Gainers Today on DEXScreener – TNSR, NOAI, CLOVER
As bullish momentum returns to the crypto market on Monday and Bitcoin (BTC) eyes a retest of its all-time highs, traders looking to turn a quick profit are flocking to the on-chain micro-cap markets as they hunt for top crypto gainers today.
Blue-chip crypto markets are pumping on Monday, with Bitcoin up over 2% and trading above $71,500. Ether (ETH) is up close to 8% in 24 hours, as per CoinMarketCap, hitting the mid-$3,600s.
A pump in the prices of major cryptocurrencies can trigger an uptick in risk-taking activity for on-chain microcaps.
That’s because crypto investors holding blue-chip cryptos suddenly have more capital to play with. They may anticipate that outperformance in the blue-chip markets will translate into an upside in the on-chain market.
For reference, on-chain markets refer to the market for digital assets that have been issued directly on top of an existing blockchain.
For example, the Shiba Inu (SHIB) token is issued on Ethereum as an ERC-20 token.
These tokens can then be traded on decentralized exchanges (DEX) and perhaps on centralized exchanges if they get big enough.
They are often referred to as meme coin (or shitcoin) markets and virtually anyone can issue a token at any time.
As a result, these on-chain markets are replete with scams and pump-and-dump schemes.
But shitcoin markets are the only place to find tokens that can rally in the 50-100x region.
Here are a few of the top crypto gainers today on Ethereum that traders will be monitoring, as per DEXScreener.
Top Crypto Gainers Today
TNSR (TNSR)
A newly launched shitcoin called TNSR (TNSR) is pumping hard on Monday.
As per DEXScreener, it has increased by over 1,000,000% since its launch. It also has $1.2 million in locked liquidity, though its market cap is still small at $117,000.
These impressive numbers shouldn’t fool traders, as the token could well be a scam.
Go+ Security’s smart contract audit reveals the token is mintable and the issuer can change balances. That suggests that, at any moment, a rug pull is possible.
Traders must always do their due diligence before entering the highly risky on-chain markets.
Notifi AI (NOAI)
Just launched decentralized communication protocol Notifi AI (AI) has pumped 656% since its launch on Monday.
According to DEXScreener, the token’s market cap is $290,000.
The token also has $201,000 in unlocked liquidity, and so could end up being a rug pull.
Go+ Security finds no concerning aspects to the token’s contract. But that doesn’t mean it’s safe to invest in. DYOR.
Cloverswap (CLOVER)
The just-launched decentralized trading token Cloverswap (CLOVER) is up 400% since its launch on Monday.
As per DEXScreener, it has a market cap of $376,000 and $325,000 in liquidity.
Go+ Security found no issues with its smart contract. While this could be a low-cap gem, no zero-risk investments exist in the on-chain markets.
Crypto Alternatives to Consider
Investing in low-cap shitcoins is a very risky strategy.
An innocent-looking project could easily be a scam, and a few big sell orders could easily drive the price 80% lower.
A strategy that is still risky, but arguably has a better risk reward is getting involved in crypto presales.
The idea is that investors secure tokens of up-and-coming, high-potential crypto projects/protocols at a discounted early price.
These projects then put those funds to work, paying for protocol development and marketing.
While lots can go wrong when investing in crypto presales—unforeseen circumstances can prevent a project from delivering on its vision—savvy presale investors routinely secure gains of 10x or more.
With hundreds of presale projects vying for investor funds, analysts at Cryptonews have been combing the market.
Here are 14 of the presale projects with the highest potential.
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.
