Top Cryptocurrency Performers Today on DEXScreener – RWA, PoP, PARO

On a dull day in the blue-chip cryptocurrency markets, where Bitcoin (BTC) remained stable in the $70,000-$71,000 range and Ether (ETH) fluctuated around the $3,500 mark, traders shifted their focus to the highly volatile and illiquid micro-cap on-chain markets in search of leading crypto gainers today.

Although significantly riskier than the spot markets for major cryptocurrencies, on-chain markets present opportunities for rapid profits.

Newly introduced micro-cap cryptocurrencies in the on-chain markets frequently exhibit gains of 20-100x within just one day.

However, it is not unusual for these cryptocurrencies to experience declines of 90% or more in a single day.

In such illiquid markets, a few substantial buy or sell orders can lead to dramatic price fluctuations.

Moreover, on-chain markets entail numerous additional risks beyond their low liquidity and volatility.

Indeed, since there are virtually no barriers for a blockchain user to create their own coin, the overwhelming majority of tokens launched daily are scams, pump-and-dump schemes, or rug pulls.

In essence, they serve as a mechanism for fraudsters to offload their worthless tokens onto unsuspecting investors.

Consequently, on-chain micro-cap markets are extremely hazardous. It is essential for traders to conduct their own research prior to purchasing any tokens.

Even if they believe they have a solid understanding of a token or project, traders should never invest more than they can afford to lose. Even the most credible-looking new projects and tokens can ultimately be fraudulent.

Let’s examine some of the leading crypto gainers today in the Ethereum on-chain markets.

Top Crypto Gainers Today

RWA-AI (RWA)

A newly launched token that claims to be at the crossroads of two significant themes in cryptocurrency, the tokenization of real-world assets and AI, known as RWA-AI (RWA), has surged significantly on Thursday.

https://twitter.com/RWA4AI/status/1778405387126865985

Since its launch earlier today, it has increased by 6,000%, with a market capitalization of $688,000.

This information comes from DEXScreener, which reports its liquidity at $170,000 and 24-hour trading volumes at $640,000.

However, Go+ Security has identified five concerning issues with its smart contract. Traders should be cautious as it may be a scam.

PondPay (PoP)

A token referred to as PondPay (PoP) is experiencing a price surge for the second consecutive day.

Today marks a monumental milestone for us.

This is the beginning of a new era in the crypto payment world. For the first time ever, you can now access a refund option and send payments with total security, even among anonymous Web3 users, thanks to PondPay. pic.twitter.com/V9TAN05vjO

— PondPay (@pondpay_ai) April 12, 2024

According to DEXScreener, it was last reported to be up 567% in the past 24 hours, with a market cap of $674,000.

The token’s liquidity was last noted at $358,000, with over $1 million in 24-hour trading volumes.

Traders should exercise caution with this coin. Go+ Security has identified two issues with its smart contract.

Additionally, there are spelling mistakes in its description on DEXScreener. Furthermore, of the 8 votes cast by DEXScreener users regarding the coin, 5 raised red flags.

Clearly, there is limited trust in the coin’s actual utility.

Parobot (PARO)

A new token known as Parobot (PARO) has risen by 356% one day after its launch, according to DEXScreener.

The token’s last market cap was $322,000, with $260,000 in locked liquidity and $1.9 million in 24-hour trading volumes.

Traders should be wary of this token. Go+ Security indicates that token transfers can be paused and that there is a 4-5% buy/sell tax.

Crypto Alternatives to Consider

Investing in low-cap tokens is a highly speculative strategy.

A seemingly harmless project could easily prove to be a scam, and a few large sell orders could swiftly reduce the price by 80%.

A strategy that remains risky but arguably offers a better risk-reward ratio is participating in crypto presales.

The concept is that investors acquire tokens of emerging, high-potential crypto projects or protocols at a discounted early price.

These projects then utilize those funds for protocol development and marketing.

While many things can go awry when investing in crypto presales—unexpected events can hinder a project from achieving its goals—astute presale investors often secure gains of 10x or more.

With numerous presale projects competing for investor capital, analysts at Cryptonews have been analyzing the market.

Here are 17 presale projects with the highest potential.

See the 17 Cryptocurrencies

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