Major cryptocurrency markets remain on tenterhooks as macro traders monitor geopolitical risks, but crypto degenerates continue to flock to the highly volatile and highly risky on-chain shitcoin markets as they hunt top crypto gainers today.
Bitcoin (BTC) will likely fall under $60,000 in the very near future, Standard Chartered argued on Thursday, although they recommended investors buy the dip.
JUST IN: $800 billion Standard Chartered bank says a #Bitcoin dip under $60,000 “should be bought into.”
Bullishpic.twitter.com/XLkV7g2ztK
— Bitcoin Magazine (@BitcoinMagazine) October 3, 2024
That means impatient traders hunting quick gains will have to look towards riskier markets.
The on-chain DEX markets, though exceedingly risky, are often the first places they go to.
Micro-cap coins often post 10, 20 or even 50x gains within 24 hours in the micro-cap markets.
That’s because liquidity levels are so low that a relatively small influx of buy pressure can trigger aggressive moves higher.
By the same token, a small amount of sell pressure can trigger major price crashes.
And traders must remember, nearly all newly launched tokens on DEXs are either scams or pump-and-dump liquidity exit schemes of some sort.
That said, here are some of the top crypto gainers today on DEXScreener that traders will be watching.
Top Crypto Gainers Today on DEXScreener – Which Are They?
Izzy (IZZY)
A new Ethereum meme coin called Izzy (IZZY), based on the golden retriever of Matt Furie, is pumping hard on Thursday.
IZZY was last up just under 55,000% since launching, making it one of the top crypto gainers today.
Per DEXScreener, its market cap was last around $1.7 million, with around $200,000 in locked liquidity, and over $7.8 million in trading volumes so far.
While IZZY appears to be getting good engagement on social media pages like X, that doesn’t mean it’s without risks.
Go+ Security finds two concerning aspects to its smart contract, per an audit.
LABUBU (LABUBU)
A new Solana meme coin called LABUBU (LABUBU) is up an impressive 5,800% since its launch.
Per DEXScreener, LABUBU’s market cap was last around $3.3 million, with nearly $13 million in trading volumes thus far and $224,000 in liquidity.
At under 10% of its market cap, LABUBU’s low liquidity means that a big seller could cause a rapid price crash.
LABUBU’s community page on X last had 440 members.
Genki (GENKI)
Another Solana shitcoin called GENKI (GENKI) also ranks in the top crypto gainers today.
GENKI last had a market cap of around $1 million, having gains over 7,500% in the past 24 hours per DEXScreener.
Despite not seemingly offering much, GENKI has been able to secure a BitMart listing.
Upcoming New Listing
#BitMart will list $GENKI @GenkiOnSolana soon!
Keep an eye on our socials for further announcements.
Share in the comments what you like about this projectpic.twitter.com/EfhFmyexEb
— BitMart (@BitMartExchange) October 3, 2024
But that doesn’t mean this meme coin will have any longevity.
Alternative to Top Crypto Gainers Today
Rather than investing in the aforementioned risky top crypto gainers today, a better option might be to check out presale investing.
Cryptonews.com’s in-house presale analyst Chester discusses in the below video some of his favorite presale projects right now.
Alternatively, check out our carefully curated list of the 20 best presales right now.
16 Best Crypto Presales to Invest In Now
The post Top Crypto Gainers Today on DEXScreener – IZZY, LABUBU, GENKI appeared first on Cryptonews.