Top Cryptocurrency Performers Today on DEXScreener – FOUR, EGG, LABUBU

As leading cryptocurrencies stabilize on Friday, Bitcoin (BTC) continues to remain below significant levels of short-term resistance, leaving the market’s near-term outlook uncertain. Consequently, impatient traders are exploring the high-risk on-chain markets in search of today’s top crypto gainers.

Bitcoin is currently trapped beneath its 200DMA and a downward trend stemming from the June peaks.

However, Bitcoin may soon experience a rally, as the selling pressure from the German government has now ceased, according to on-chain data.

Germany has sold all 50,000 of its bitcoin. pic.twitter.com/5AlgBfxXXl

— Joe Consorti (@JoeConsorti) July 12, 2024

The German state of Saxony recently liquidated 50,000 BTC that it had confiscated earlier this year.

Nevertheless, any potential rally will not occur until Bitcoin can consistently break above $60,000.

As traders await more clarity in established crypto markets, they are shifting their focus to riskier markets for quick profits.

No sector in crypto offers rapid gains quite like the on-chain markets.

New meme coins and tokens are introduced on blockchains such as Ethereum and Solana daily.

While most are scams or pump-and-dump schemes, some of these coins can still yield rapid returns of 10, 20, or even 100 times, even if they were created with dishonest motives.

With that in mind, here are some of the leading crypto gainers today in on-chain markets, according to DEXScreener.

Top Crypto Gainers Today

Four (FOUR)

A Base meme coin known as Four (FOUR) has surged 16,000% in the last 24 hours, according to DEXScreener, making it one of the top crypto gainers today.

This has propelled the token’s market capitalization to $2.4 million, with trading volumes approaching $1 million.

FOUR’s X account appears quite basic, and there is limited social information available about the token.

Additionally, it has several issues with its smart contract, as reported by Go+ Security.

This token is likely a scam and may be best avoided.

Egg (EGG)

An egg-themed shitcoin called Egg (EGG) is attempting to generate interest through giveaways.

According to DEXScreener, it was last reported to be up 5,500% in the past 24 hours, bringing its market cap to $1.1 million, making it one of the top crypto gainers today.

This shitcoin could potentially gain more traction, but it does appear suspicious. It has five concerning elements in its smart contract and could easily be a rug pull.

Labubu (LABUBU)

A newly launched meme coin named Labubu (LABUBU) has quickly reached a market cap of $2.9 million.

This indicates it is already up 4,500%, according to DEXScreener, which estimates its trading volume at $950,000.

While the token has $164,000 in locked liquidity, it could still potentially be a scam or rug pull.

Traders should always conduct their own due diligence before participating in crypto markets and should never risk more than they can afford to lose.

Crypto Alternatives to Consider

As mentioned, on-chain shitcoin markets are highly speculative. Token prices fluctuate rapidly and can easily catch investors off guard.

Moreover, the risk of scams is significant. Investors may want to consider an alternative approach – meme coin presales.

Meme coin presales also carry substantial risk. However, since the token has not yet launched, investors have more time to thoroughly research their involvement and devise a trading strategy.

Analysts at Cryptonews.com closely monitor the presale market and have compiled a list of their preferred meme coin presales worth exploring.

15 Best Meme Coins to Buy in July 2024

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