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Traders utilize platforms such as DEXScreener to identify the leading crypto gainers today. Source: DEXScreener’s X Account
As bullish momentum re-emerges in the crypto market on Monday, with Bitcoin (BTC) aiming for a retest of its all-time highs, traders seeking quick profits are turning their attention to the on-chain micro-cap markets in search of today’s top crypto gainers.
Major crypto markets are experiencing upward movement on Monday, with Bitcoin rising over 2% and trading above $71,500. Ether (ETH) has increased nearly 8% in the past 24 hours, according to CoinMarketCap, reaching the mid-$3,600s.
A surge in the prices of leading cryptocurrencies can lead to an increase in risk-taking behavior within on-chain microcaps.
This is due to crypto investors holding blue-chip assets suddenly having more capital available. They may be expecting that the outperformance in blue-chip markets will translate into gains in the on-chain market.
On-chain markets refer to the trading environment for digital assets that have been directly issued on an existing blockchain.
For instance, the Shiba Inu (SHIB) token is issued on Ethereum as an ERC-20 token.
These tokens can be traded on decentralized exchanges (DEX) and potentially on centralized exchanges if they gain sufficient traction.
They are often categorized as meme coin (or shitcoin) markets, where virtually anyone can create a token at any time.
Consequently, these on-chain markets are often filled with scams and pump-and-dump schemes.
However, shitcoin markets are the only venues where tokens can experience rallies in the range of 50-100x.
Here are some of the leading crypto gainers today on Ethereum that traders will be observing, according to DEXScreener.
Top Crypto Gainers Today
TNSR (TNSR)
A newly introduced shitcoin known as TNSR (TNSR) is experiencing significant gains on Monday.
It has surged over 1,000,000% since its inception, according to DEXScreener. It also boasts $1.2 million in locked liquidity, although its market cap remains modest at $117,000.
Traders should not be misled by these striking figures, as the token could potentially be a scam.
Go+ Security’s smart contract audit indicates that the token is mintable and the issuer has the ability to alter balances. This raises the possibility of a rug pull at any moment.
Traders must conduct thorough research before entering the highly speculative on-chain markets.
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Notifi AI (NOAI)
The recently launched decentralized communication protocol Notifi AI (AI) has surged 656% since its debut on Monday.
According to DEXScreener, the token’s market cap is estimated at $290,000.
The token also has $201,000 in unlocked liquidity, which could lead to a potential rug pull.
Go+ Security finds no alarming issues with the token’s contract. However, this does not guarantee that it is safe for investment. DYOR.
Cloverswap (CLOVER)
The newly launched decentralized trading token Cloverswap (CLOVER) has risen 400% since its launch on Monday.
As reported by DEXScreener, it has a market cap of $376,000 and $325,000 in liquidity.
Go+ Security identifies no problems with its smart contract. While this could be a low-cap gem, there are no investments in the on-chain markets that are devoid of risk.
Crypto Alternatives to Consider
Investing in low-cap shitcoins is a highly speculative approach.
A seemingly harmless project could easily turn out to be a scam, and a few large sell orders could quickly reduce the price by 80%.
A strategy that remains risky but may offer a better risk-reward ratio is participating in crypto presales.
The concept is that investors acquire tokens of emerging, high-potential crypto projects/protocols at a discounted early price.
These projects then utilize those funds for protocol development and marketing.
While numerous issues can arise when investing in crypto presales—unexpected events can hinder a project from achieving its goals—astute presale investors often secure returns of 10x or more.
With hundreds of presale projects competing for investor capital, analysts at Cryptonews have been analyzing the market.
Here are 14 presale projects with significant potential.
See the 14 Cryptocurrencies
The post Top Crypto Gainers Today on DEXScreener – TNSR, NOAI, CLOVER appeared first on Cryptonews.
