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It was a relatively quiet day for major cryptocurrencies, with the exception of a significant surge in the XRP (XRP) price due to a favorable decision in the Ripple vs SEC lawsuit. Traders shifted their focus to the more speculative on-chain micro-cap markets in search of leading crypto gainers today.
IT’S OVER! The SEC v Ripple case has been quite a journey – thanks for sharing it with me.
$125 Million penalty and a GENERIC injunction Order.
This is a BIG win for Ripple, no doubt about it. Have a Wonderful Day! https://t.co/hCZZYsMl7E pic.twitter.com/7uuuwsx0Dw
— Jeremy Hogan (@attorneyjeremy1) August 7, 2024
Bitcoin (BTC) traded just below $56,000, fluctuating between the $55,000 and $58,000 ranges.
XRP, on the other hand, surged 18.5% during the session, returning to the $0.60 mark.
However, this increase was not sufficient to position it among the top crypto gainers today.
In fact, newly launched tokens on decentralized exchanges (DEX) on platforms like Solana often experience price increases of 50-100x within just a few hours.
As a result, traders utilize DEX monitoring tools such as DEXScreener in their search for leading crypto gainers today.
Here are some of the top-performing cryptocurrencies that traders will be observing.
Top Crypto Gainers Today
Noki (NOKI)
A relatively new meme coin on Solana, Noki (NOKI), has seen an impressive increase of 866,000% in the last 24 hours according to DEXScreener.
This charming dog-themed meme coin had a market capitalization of $3.8 million.
However, it only possesses liquidity of approximately $86,000, meaning that even a minor amount of selling pressure could lead to a significant price decline.
Be Defiant (BeDeFi)
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As the markets prepare for a significant crypto announcement from Donald Trump Junior, a Trump-themed meme coin named Be Defiant (BeDeFi) is attempting to climb higher.
BeDeFi, an Ethereum-based token, was last reported to be up 147,000% in the past 24 hours, reaching a market cap of $7.2 million, according to DEXScreener.
Its liquidity was nearly $400,000, but it is not locked, which indicates that the risks of a liquidity rug pull remain high.
According to DEXScreener’s smart contract audit, the token has several troubling aspects that could suggest it is a scam.
World Liberty (WL)
Another Trump-themed token, World Liberty (WL), is among the top crypto gainers today.
WL was last noted to be up 90,000%, giving it a market cap of approximately $2.3 million. It also has around $200,000 in locked liquidity.
However, this does not guarantee that the token is not a scam. In fact, it has three concerning issues, as noted by DEXScreener.
Crypto Alternatives to Consider – Presales
Investing in potentially dubious micro-cap meme coins carries significant risks. Investors might want to consider meme coin presale investments instead, which allow them more time to evaluate the project before making a purchase.
Analysts at Cryptonews.com closely monitor the presale market.
Here is a list of meme coin presales that they believe have the highest potential for strong performance this summer.
15 Best Meme Coins to Buy in August 2024
The post Top Crypto Gainers Today – NOKI, BeDeFi, WL appeared first on Cryptonews.
