Top Cryptocurrency Performers Today on DEXScreener – TSUJI, FROSTY, FWOG

As cryptocurrency markets face challenges due to concerns that the Biden administration may sell off Bitcoin prior to November’s election, traders seeking top crypto gainers today are shifting their focus to more speculative sectors.

Bitcoin (BTC) briefly dipped below $66,000 on Tuesday as traders await the Federal Reserve’s meeting on Wednesday.

“The prevailing expectation is for three Fed rate cuts starting in September – I don’t disagree with that; I would be satisfied with two from my perspective.” @Citi Research Head of U.S. Equity Research Scott Chronert anticipates this week’s FOMC meeting, suggesting that stocks could still rise in 2024. pic.twitter.com/aDDF7M1VeF

— Money Movers (@moneymoverscnbc) July 30, 2024

The Fed could enhance crypto market sentiment if it signals a rate cut for September.

Nevertheless, traders eager for swift profits are increasingly turning to micro-cap altcoin markets.

They utilize platforms like DEXScreener to track the market for newly introduced meme coins and shitcoins.

These assets carry significant risk. Many of these newly launched tokens are either fraudulent or part of pump-and-dump schemes.

However, these coins can sometimes yield rapid exponential gains, providing substantial returns for early investors.

Here are some of the leading crypto gainers today on DEXScreener that traders are monitoring.

Top Crypto Gainers Today

Tsutsuji (TSUJI)

A recently launched cat-themed Ethereum meme coin named Tsutsuji (TSUJI) is experiencing a significant surge on Tuesday.

It has reportedly increased over 110,000% since its inception, according to DEXScreener.

This has pushed its market capitalization above $5 million, with liquidity around $300,000.

The token seems to have a solid community backing, with over 780 rocket ship emoji votes on DEXScreener compared to 191 red flag emoji votes.

However, this does not guarantee that the token is not a scam. A few large sell orders could quickly reverse Tuesday’s gains.

Traders should conduct their own research before participating and should never invest more than they can afford to lose.

Frosty the Polar Bear (FROSTY)

Another newly launched meme coin, this one on Solana, called Frosty the Polar Bear (FROSTY) has risen 85,000% thus far.

This has brought its market cap to $4.2 million. However, with only $250,000 in liquidity, a few significant sell orders could lead to a sharp decline in the FROSTY price.

The token appears to be well-received within the community, boasting over 300 rocket emojis on DEXScreener against just 19 red flag votes.

As previously mentioned, this does not imply that FROSTY is free from potential scams.

FWOG (FWOG)

Another newly launched Solana meme coin, FWOG (FWOG), has surged an impressive 20,000%, achieving a market cap of $13.2 million. This positions it as a top crypto gainer today.

According to DEXScreener, FWOG’s liquidity is currently over $600,000.

FWOG has been quite active, with approximately $90 million in trading volume to date.

This community-issued meme coin may be on a successful trajectory.

However, as noted, meme coin markets are highly volatile. Just as a coin could potentially increase by 100 times, it could also rapidly decrease by 99%.

Crypto Alternatives to Consider – Presales

Investors might want to explore meme coin presale opportunities instead of investing in highly speculative micro-cap meme coins.

Analysts at Cryptonews.com are closely monitoring the presale market and have compiled a list of meme coin presales they believe hold significant potential.

15 Best Meme Coins to Buy

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