Top Crypto Gainers Today on DEXTools – ASTX, JOE, ASEA
In the wake of Tuesday’s unexpected surge in U.S. CPI data, the cryptocurrency market saw a downturn, leading to decreased optimism regarding potential Federal Reserve rate cuts. This shift has prompted investors, particularly those in pursuit of rapid gains, to delve into lesser-known coins, often referred to colloquially as meme coins or lesser-valued cryptocurrencies, in search of today’s top crypto gainers.
Bitcoin saw its price decrease to approximately $48,700, marking a decline of about 3% from its two-year peak earlier in the day, which was close to $50,400.
Ether also experienced a downturn, dropping nearly 2% yet managing to stay above the $2,600 threshold.
Other major cryptocurrencies, including Solana, XRP, Cardano, Avalanche, and Dogecoin, showed minimal changes, with fluctuations ranging from a slight increase to a 4% decrease over the last day, according to data from CoinMarketCap.
Despite the recent dip, the outlook for Bitcoin and similar major cryptocurrencies is optimistic, largely due to the sustained interest in spot Bitcoin ETF products. Remarkably, inflows into these products have exceeded $400 million for three consecutive days, based on information from Farside.
Given these dynamics, while Bitcoin’s recent price reduction might be short-lived, investing in micro-cap cryptocurrencies, often known as meme coins, could potentially yield quicker returns.
Small-cap cryptocurrencies are almost always pumping and nearly always also take the mantle for the biggest crypto gainers each day.
That’s because their low level of liquidity means that relatively small buy pressure can easily result in fast exponential gains.
While blue-chip cryptocurrencies can offer good upside prospects, traders looking to make quick profits usually turn to low-cap markets.
That being said, here are some of the top crypto gainers today on web3’s best-known decentralized exchange (DEX) tool DEXTools.
Top Crypto Gainers Today
Asterix ($ASTX)
A shitcoin called Asterix ($ASTX) which appears to be riding hype surrounding the new type of ERC-404 is pumping today.
Up over 80,000% in 24 hours, $ASTX is DEXTools’ top crypto gainer today.
The token’s market cap was last $17.5 million with locked liquidity of over $900,000.
Investors should be very cautious with this token, however.
It has four smart-contract alerts as per DEXTools’ smart-contract audit.
It’s also worth noting that shitcoins that post 24-hour gains as strong as $ATRX are normally scams of some sort.
Joe Coin ($JOE)
A shitcoin called Joe Coin ($JOE) is up around 250% on Tuesday making it one of today’s top crypto gainers.
As per DEXTools, its market cap was last around $3.2 million.
It last had liquidity of just under $600,000 and over 5,400 holders.
It has a high DEXTscore of 99/99 but has three smart contract alerts.
Investors should remember always to be cautious with low-cap coins, regardless of how innocent they look.
Alea ($ALEA)
A token called Alea ($ALEA) has been pumping lately.
As per DEXTools, it was last up around 180% in 24 hours.
That makes it one of the top crypto gainers today, with its market cap lasting around $3.4 million.
The token has $260,000 in locked liquidity and just over 450 holders.
It also has six smart contract alerts, so investors should be cautious that it could be a scam.
Crypto Alternatives to Consider
Investing in low-cap cryptocurrencies can be a double-edged sword, promising substantial returns but also posing significant risks.
For investors eager to explore avenues with a potentially quick payoff, despite the stakes, diving into crypto presales can be a thrilling option. In these early stages, backers purchase tokens from budding crypto ventures, providing crucial support for their initial phases.
Typically, these tokens are priced attractively low, and history is replete with instances where early believers reaped massive rewards from their presale ventures.
Behind many of these ventures stand exceptional teams, driven by the ambition to develop unique applications or platforms in the crypto market.
For those adept at spotting these promising projects early on, the balance between risk and potential gains from presale investments appears highly favorable.
Dedicated to guiding investors through this labyrinth, the Cryptonews team invests considerable effort in scrutinizing presale opportunities.
Here’s a curated compilation of 15 presales that, in their view, represent the best crypto presales of 2023:
See the 15 Cryptocurrencies in Presale
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.
