Top Cryptocurrency Performers Today on DEXScreener – MOJO, ZUES, TUZKI

As leading cryptocurrencies face significant price drops due to increased Bitcoin selling by prominent market participants, traders are shifting their focus to micro-cap on-chain markets in search of today’s top crypto gainers.

Bitcoin reached lows in the mid-$53,000 range on Friday, coinciding with the German government’s liquidation of coins.

Movements from Mt Gox wallets further intensified the selling pressure.

BREAKING

Mt Gox transfers 47,228 BTC ($2.71 billion) from cold storage to a new wallet. pic.twitter.com/3ZdSlC1IX2

— Arkham (@ArkhamIntel) July 5, 2024

Repayments to creditors of the failed exchange commence this month, raising concerns that a significant portion of this supply could flood the market.

Additionally, struggling Bitcoin miners are believed to be liquidating their holdings as they adapt to reduced post-halving rewards.

Despite positive US jobs data, which bolstered expectations for Fed rate cuts later this year, the overall sentiment remained subdued.

US Jobs Report (June)

NFP: 206k (exp. 190k, prev. 272k, revised 218k)

Unemployment rate: 4.1% (exp. 4.0%, prev. 4.0%)

Earnings M/M: 0.3% (exp. 0.3%, prev. 0.4%)

Earnings Y/Y: 3.9% (exp. 3.9%, prev. 4.1%)

— Newsquawk (@Newsquawk) July 5, 2024

Bitcoin was last seen trading in the mid-$55,000s, reflecting a 3% decline for the day.

Most other significant altcoins experienced losses ranging from 5-10% over the past 24 hours.

Given the bearish market environment, it is not surprising that traders are exploring other avenues in their quest for today’s top crypto gainers.

Micro-cap on-chain markets present the potential for rapid exponential gains, making them an ongoing attraction for impatient traders.

However, on-chain markets can be highly risky. Many coins are either scams or subject to pump-and-dump schemes.

Traders risk losing their entire investment quickly, so they should only invest what they can afford to lose.

That said, here are some of the top crypto gainers today on Ethereum, according to the popular DEX monitoring tool DEXScreener.

Top Crypto Gainers Today on DEXScreener

Mojo (MOJO)

A new meme coin, Mojo (MOJO), inspired by Matt Furie’s first documented drawing, is surging, having increased over 46,000% in the last 24 hours according to DEXScreener.

History in the making,

Welcome $MOJO back to the family.@Matt_Furie pic.twitter.com/dJoy3rTkAH

— $MOJO (@MojoByMattFurie) July 5, 2024

This surge has propelled the meme coin to a market capitalization of $1.6 million, with trading volumes reaching $3.4 million in 24 hours. This positions it among today’s top crypto gainers.

However, the meme coin has very low liquidity, approximately $150,000.

This means that a single large sell order could lead to a significant price drop.

Additionally, MOJO has some concerning features in its smart contract, according to a Go+ Security audit.

While it may appear harmless, MOJO could potentially be a scam coin. Traders should exercise caution and conduct their own research.

Zues (ZUES)

Another meme coin based on a character by Matt Furie, Zues (ZUES), has risen by an impressive 50% in the past 24 hours, making it one of today’s top crypto gainers.

According to DEXScreener, its market cap stands at $1.1 million.

ZUES has been in circulation for a while and remains significantly below its peak values from June.

Whether it can achieve a notable recovery is yet to be determined.

Tuzki (TUZKI)

A relatively older meme coin, Tuzki (TUZKI), is experiencing a surge on Friday.

https://twitter.com/Tuzkiclub/status/1808136649253310981

According to DEXScreener, it has increased by around 35%, with its market cap bouncing back to $1.3 million.

However, this still leaves the token over 90% down from its highs reached in June.

This could simply be a temporary rebound.

Alternatives to Consider – Crypto Presales

Investing in on-chain markets carries significant risks, even if it is a viable method to identify today’s top crypto gainers.

An often overlooked but potentially lucrative investment strategy is participating in presales.

Emerging web3 projects frequently conduct ICOs to secure funding for development.

To generate early interest from investors, they typically offer these tokens at a very low market cap.

This provides presale investors with the opportunity for substantial gains.

With numerous projects competing for investor capital, it can be challenging to determine where to begin.

Fortunately, analysts at Cryptonews.com dedicate considerable time to exploring the altcoin market for high-potential projects.

Here are some of their top selections in the current market.

12 Best Presales to Invest in Right Now

The post Top Crypto Gainers Today on DEXScreener – MOJO, ZUES, TUZKI appeared first on Cryptonews.