Top Cryptocurrency Performers Today on DEXScreener – KEK, EBULL, VANGOCH

As Bitcoin (BTC) stabilizes around $59,000, traders are processing the recent Nvidia earnings report, which has led to volatile after-market trading conditions. In the on-chain DEX markets, leading cryptocurrencies are experiencing significant fluctuations today.

A new meme coin on Solana, Kek (KEK), has surged by an impressive 300% over the last 24 hours, according to DEXScreener.

Despite this rise, its market capitalization remains modest at $150,000, with locked liquidity of approximately $40,000.

$KEK Official Links
Website: https://t.co/3LlYzLEExj
TG: https://t.co/I3NFncP3iw
Contract: 6P7xxdfAZzY4AYZuZCwcfgQLaXpDnkxYjPjrBN3Zpump
Chart: https://t.co/3jOphpwWH0 pic.twitter.com/3YVZDyv9a1

— Kek Token | $KEK (@KekSolLOL) August 26, 2024

However, traders should exercise caution with this coin. DEXScreener users seem skeptical, as indicated by 75 red flag emoji votes compared to 64 rocket ship emoji votes.

KEK has the potential to be a rug pull, and traders are advised to invest only what they can afford to lose.

In addition, a meme coin on Base named EBULL (EBULL) is also among today’s top crypto gainers.

According to DEXScreener, it has increased by 212% in the last 24 hours.

However, this growth has only brought its market cap to around $40,000, with just over $13,000 in locked liquidity.

This indicates that even a small amount of buying or selling pressure could lead to significant price fluctuations for EBULL.

Such conditions could easily catch traders off guard. It is important to note that due to low liquidity, on-chain DEX markets can be extremely volatile.

The last notable name among today’s top crypto gainers is a Tron-based meme coin called VanGogh (VANGOCH).

As reported by DEXScreener, VANGOCH has risen by just over 150% in the past 24 hours.

This has resulted in a market cap of $4.4 million, with nearly $500,000 in locked liquidity.

Trading volumes over the last 24 hours are also substantial, nearing $15 million.

VANGOCH appears to be a credible meme coin, having received endorsements from Tron founder Justin Sun.

Guess when he will change his profile pic? #VanGogh @justinsuntron
You are still early.
Telegram Chat: https://t.co/bCeMK8fG3h
Twitter (X): https://t.co/vdNLCiwNQn
Memes Channel: https://t.co/dSGD9XEXnC
Contract Address: TV2Snx4VCkjiCGpstd8MxZA73hHfrZhC7m https://t.co/ySInvdNTfa

— VanGogh Tron (@vangoghtron) August 28, 2024

It also enjoys a favorable vote ratio on DEXScreener, with 728 rocket emoji upvotes against just 37 red flag emoji votes.

Better Alternative to Top Crypto Gainers Today

While a meme coin like VanGoch may appear to be a promising investment, traders should remain aware of the inherent risks associated with on-chain DEX markets.

In fact, nearly all tokens are either fraudulent or subject to pump-and-dump schemes.

The creators of the token, their supporters, and others involved are often looking to profit in some manner.

Therefore, investors should never risk more than they can afford to lose in these markets.

Although still risky, an alternative investment strategy to consider is crypto presale investing.

The volatility of on-chain DEX markets can leave traders vulnerable to FOMO, increasing the likelihood of making poor investment choices.

In contrast, a presale typically involves a private sale of a token prior to its market introduction.

Presales usually last a few weeks, providing investors ample time to thoroughly research a project before participating. The risks of FOMO are significantly reduced.

While presales carry their own risks—such as a project potentially failing to meet its commitments—they can offer an excellent opportunity to enter a high-potential cryptocurrency early and at a discounted rate.

Cryptonews.com closely monitors the presale market. Here are some of their top recommendations.

20 Best Crypto Presales to Invest In Now – Upcoming Token Sales

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