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On a day when major cryptocurrencies remained relatively flat near weekly lows, traders shifted their focus to on-chain DEX markets in search of today’s leading crypto gainers.
Even during favorable market conditions for the broader cryptocurrency landscape, the top gainers are typically found within DEX markets.
This is due to the fact that cryptocurrencies traded on DEXs on blockchains such as Ethereum and Solana often exhibit low liquidity.
Consequently, a modest amount of buying or selling pressure can lead to significant price fluctuations.
On-chain DEX markets attract traders, fueled by tales of individuals achieving 100x or greater returns and amassing wealth from minimal investments.
However, it is important for readers to keep in mind that such instances are exceedingly uncommon.
More often, a trader may find themselves on the losing end of extreme volatility. In worse scenarios, the coin being traded could turn out to be part of a scam or a pump-and-dump scheme.
With that noted, here are some of the top crypto gainers today on DEXScreener that traders will be observing.
Top Crypto Gainers Today on DEXScreener
MakeFrens (MF) is the first significant entry on today’s list of top crypto gainers.
It was last reported to be up over 85,000% in the last 24 hours, according to DEXScreener, with a market cap of $4.9 million.
This new Ethereum meme coin launched earlier today and has already generated $800,000 in trading volumes, which is notable.
However, its liquidity is less than 10% of its market cap, standing at $440,000.
A slight amount of selling pressure could lead to a significant price reversal. Additionally, MF has a 5% tax on both buying and selling.
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Another noteworthy crypto gainer today is Screaming Rubber Chicken (SRC), which has been experiencing robust price movements.
According to DEXScreener, this Solana meme coin was last up nearly 2,000% in the past 24 hours.
Its market cap remains a modest $1.2 million, with $2.2 million in trading volumes over the last 24 hours.
A security audit by DEXScreener reveals no alarming issues with its smart contract.
The token also seems to be well-received within the trading community, boasting 427 rocket ship emoji upvotes compared to just 41 red flag votes on DEXScreener.
Lastly, the $OCCER token has surged 1,277% on DEXScreener, with its market cap exceeding $800,000.
However, this particular token has only about $80,000 in liquidity.
Traders should be aware of the high risks associated with trading these types of cryptocurrencies.
Almost none are likely to maintain any long-term value.
Alternative to Top Crypto Gainers Today
Instead of investing in these high-risk top crypto gainers today, a more prudent choice might be to explore presale investments.
Cryptonews.com’s in-house presale analyst Chester discusses three of his current favorite presale projects in the video below.
Alternatively, take a look at our carefully selected list of the 20 best presales available right now.
20 Best Crypto Presales to Invest In Now
The post Top Crypto Gainers Today on DEXScreener – MF, SRC, $OCCER appeared first on Cryptonews.
