Top Crypto Gainers Today on DEXTools – ANALOS, JUNO, VAB
Blue chip cryptocurrencies are mixed on Thursday, with Bitcoin (BTC) down 1.5% and back below $42,500, while Ether (ETH) is flat in the upper $2,300s, BNB is up 6.6% in the past 24 hours and Solana (SOL) and Avalanche (AVAX) are both down over 6% over the same time period, as per CoinMarketCap.
Downside in cryptocurrencies that have outperformed in recent months, like in BTC, SOL and AVAX, could be explained by profit-taking ahead of the year’s end.
BNB’s upside, an underperformer as of late, could be explained by a potential catch up trade as investors take profit on strong performers and mover into weaker performers.
Macro remains a tailwind for crypto right now as US equities hold close to yearly highs, and as the US Dollar Index (DXY) and US yields press lower, which should cap any short-term downside, in Bitcoin at least.
That being said, jitters are growing that spot Bitcoin ETF approvals in the US, expected before January 10th, could trigger a sell the news event and a flush out of leverage longs.
In a note to crypto media, CryptoQuant are warning that BTC could dip back as low as $32,000 next month.
While conditions are choppy and somewhat disjointed in the broader crypto market on Thursday, low-cap shitcoins/meme coins continue to pump.
Here are some of the top performers as per decentralized exchange (DEX) analytics website DEXTools.
Analos ($ANALOS)
A newly launched shitcoin called Analos ($ANALOS) has pumped an impressive near 1000% in the past 24 hours, as per DEXTools.
The token’s market cap was last around $470,000, with liquidity of just over $320,000, 350 holders and high 24-hour trading volumes of more than $4 million.
The token claims to be for Ethereum users who love Solana but can’t migrate there, and so appears to be tapping into the growing Solana hype train.
$ANALOS only has one concerning aspect to its smart contract, as per the DEXTools security audit, but unlocked liquidity could still be rug pulled.
Juno Moneta ($JUNO)
A just-launched shitcoin called Juno Moneta has pumped up more than 500% in the past 24 hours, making it one of the top-performing low-cap coins as per DEXTools.
It last had a market cap of around $1.3 million, locked liquidity of close to $200,000, over 1,250 holders and impressive 24-hour trading volumes of more than $2.6 million.
Potential investors should be cautious of the token’s five smart contract issues highlighted by DEXTools’ security audit, as well as the token’s 3.35% buy and sell taxes.
Vabble ($VAB)
Film industry web3 token Vabble ($VAB) has seen an almighty pump in the last few weeks, posting gains in the region of 10x in the last nine days.
$VAB last had a market cap of around $10 million, having gained around 300% in the past 24 hours to make it one of the top-performing low-cap coins as per DEXTools.
The token last had just over 5,400 holders, 24-hour trading volumes at a respectable $1.6 million and over $250,000 in partially locked liquidity.
$VAB has been around a long time (since mid-2021), so is highly unlikely to be a scam coin, as many low-cap new coins are.
DEXTools’ security audit also reveals no concerning aspect to $VAB’s token contract.
Crypto Alternatives to Consider
Low-cap coins can offer huge potential returns but also come with a lot of risk.
For those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.
This is where investors buy the tokens of upstart crypto projects to help fund their development.
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
Here is a list of 15 of what the project deems as the best crypto presales of 2023.
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilize affiliate links within our content, and receive commission.
