As Bitcoin (BTC) hovers near recent highs in the $60,000s and major coins like Ether (ETH) and Solana (SOL) take a pause from their upward momentum, traders seeking quick gains are turning their attention to the top-performing cryptocurrencies today in the altcoin market.
The demand for ETFs ahead of the upcoming halving event has driven Bitcoin up by 20% in the past week. However, the rapid ascent has raised concerns among traders about a potential short-term correction.
In response, traders seeking rapid returns are exploring the more volatile segments of the crypto market, particularly the on-chain meme coin and altcoin sectors.
The ability to create new crypto tokens with minimal barriers on blockchains like Ethereum or Solana has led to the continuous emergence of speculative coins. While many fail to gain traction, some experience significant price pumps, offering investors substantial returns.
However, the liquidity of these coins is often extremely low, leading to sharp price fluctuations and potential risks for investors.
Let’s examine some of the top-performing cryptocurrencies today on DEXTools that traders in the altcoin market are monitoring closely.
Top Cryptocurrency Gainers Today on DEXTools:
- OrangePEPE ($ORANGEPEPE): This alternative version of Pepe Coin (PEPE) has surged by 33,000% since its launch today, with a market cap of approximately $13.2 million and $445,000 in liquidity. Investors should exercise caution due to potential scam risks.
- Super Trump ($STRUMP): A Trump-themed token, Super Trump ($STRUMP), has soared by over 27,000% since its launch today, reaching a market cap of $1.5 million. While no concerning aspects have been flagged in the token’s smart contract audit, investors should conduct thorough due diligence.
- NodeSynapse ($NS): Another newly launched token, NodeSynapse ($NS), has experienced a significant surge of over 9,500% today, with a market cap of $1.3 million and locked liquidity of around $210,000. Despite potential risks associated with its smart contract, $NS claims to facilitate decentralized renting/lending of Node or GPU power.
While these “shitcoins” may present opportunities for quick gains, they often carry high risks, including pump-and-dump schemes and scams. Investors should consider alternative strategies, such as participating in crypto presales, which offer early access to tokens at discounted prices. However, thorough research and evaluation of projects are essential to mitigate risks and maximize potential rewards.
For investors seeking guidance on promising presale projects, Cryptonews has curated a list of 14 favorite projects to consider.