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As prominent cryptocurrencies pause during the early Wednesday trading session in the Asia Pacific region following a positive start to the week, risk-seeking crypto investors are turning their attention to the on-chain DEX markets in search of today’s leading crypto gainers.
Bitcoin (BTC) has the potential to achieve gains of 60% by the end of the year, while other significant altcoins may perform even better.
However, some crypto traders are pursuing much larger and quicker profits.
This is why they are drawn to the on-chain DEX markets, where new tokens often experience rapid gains of 20-50x.
It is important to note that DEX markets carry significant risks. Numerous new tokens are fraudulent or part of pump-and-dump schemes.
Nonetheless, the allure of quick wealth is a compelling incentive for traders, who frequently utilize tools like DEXScreener to identify trending coins.
Here are some of the leading crypto gainers today that they will be monitoring.
Top Crypto Gainers Today – Which Are They?
Sendr (SENDR)
A new smart-payment protocol named Sendr (SENDR) has just been launched and has already achieved gains exceeding 8,000% in less than 24 hours.
According to DEXScreener, its market capitalization was approximately $500,000, with around $100,000 in locked liquidity.
The token has already garnered support from several notable figures.
$SENDR ranging beautifully around 300k market cap
Cheap right now, but not for long!
Don’t fade $SENDR, don’t fade drae
Their branding and tech is immaculate @sendrcoin https://t.co/vRKf3vCF0e pic.twitter.com/fCmtcVRsaT— Drae
(@drae_drae22) October 15, 2024
(@drae_drae22) October 15, 2024
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The protocol appears to be quite promising and may have the potential for 20-50x returns.
However, investors should conduct their own research prior to participating, as DEX markets are highly speculative. New DEX tokens can decline just as swiftly as they can rise.
Those seeking an alternative method to achieve substantial returns on new Ethereum coins may want to explore Cryptonews.com’s compilation of the best new Ethereum meme coins currently available.
IZZY (IZZY)
The next notable entry on the list of top crypto gainers today is a new Solana meme coin named Izzy (IZZY).
Inspired by Matt Furie’s dog, Izzy has recently surged by 8,000% in 24 hours, reaching a market cap of $15 million according to DEXScreener.
However, this cryptocurrency serves as an example of a coin that may be involved in a pump-and-dump scheme.
It previously surged to a market cap close to $30 million before experiencing a 90% decline. The current increase could simply be a temporary rebound.
Megs_io (MEGS)
Lastly, another Solana token known as megs_io (MEGS) has risen by just under 300% in 24 hours, achieving a market cap of $3.7 million according to DEXScreener.
This purportedly community-owned coin is not particularly favored by DEXScreener users.
It has received over 300 red flag emoji votes, indicating considerable skepticism regarding its potential as a rug pull.
The post Top Crypto Gainers Today on DEXScreener – SENDR, IZZY, MEGS appeared first on Cryptonews.
