Top Cryptocurrency Performers Today on DEXScreener – USPEPE, BAR, BUG

As cryptocurrency markets rise following US inflation data that has increased confidence in Federal Reserve rate cuts and in anticipation of pro-crypto comments from US President Donald Trump at the Nashville Bitcoin Conference on Saturday, meme coins are surging and leading the crypto gainers today.

Bitcoin (BTC) has risen by 3.6% over the last 24 hours, according to CoinMarketCap, and is testing the $68,000 mark.

The largest cryptocurrency could potentially return to record highs near $74,000 if it manages to overcome the downtrend from its yearly peaks.

BTCUSD / Source: TradingView

Risks are significantly skewed to the upside in the upcoming months.

This is due to the impending Fed rate cuts and the current US political landscape, which could serve as a significant catalyst for BTC adoption, particularly through increased institutional ETF investments.

In this context, several state pension funds have been making headlines this week as they start to diversify into BTC.

Another state pension fund has incorporated Bitcoin into its portfolio.

In a filing with the SEC this morning, the State of Michigan Retirement System disclosed ownership of $6.6 million in the ARK Bitcoin ETF (110,000 shares) as of June 30.

This follows Wisconsin’s disclosure from the previous quarter.

Filing:…

— MacroScope (@MacroScope17) July 26, 2024

While Bitcoin’s upward trend may persist over the weekend, making it an appealing crypto to purchase now, it is not among the top gainers.

Instead, smaller, lesser-known, and newer meme coins trading in decentralized on-chain markets are taking the lead.

Traders frequently utilize tools like DEXScreener to pinpoint today’s top crypto gainers.

Here are some of the standout performers on the Ethereum blockchain that traders will be monitoring.

Top Crypto Gainers Today

American Pepe (USPEPE)

A patriotic US-themed variant of the Pepe meme coin known as American Pepe (USPEPE) is experiencing a surge.

According to DEXScreener, USPEPE has increased by 870% in the last 24 hours, with its market capitalization reaching $4.1 million.

This surge coincides with a trading volume of $4 million.

Previous ATH smashed! $USPEPE made America great again. And it makes it even greater day by day!#USPEPE pic.twitter.com/YlAHIIobzS

— AmericanPepe (@USPepeERC20) July 26, 2024

However, traders should be aware that USPEPE’s liquidity is relatively low at just $300,000, which is under 10% of its market cap.

A few significant sell orders could reverse all of the recent gains.

Traders must keep in mind that on-chain markets are extremely volatile and risky.

They should conduct their own due diligence and never invest more than they can afford to lose.

Gold Standard (BAR)

A new meme coin called Gold Standard (BAR) has been experiencing a rally for three consecutive days.

#4 $BAR @GOLDSTANDARDETH pic.twitter.com/le9K20FR6o

— Gr8erfool.eth (@Neali0o) July 26, 2024

According to DEXScreener, it was last reported to be up 168% in 24 hours, with trading volumes reaching $2.8 million.

This has brought its market cap to nearly $6 million, and its liquidity to over $500,000.

The token appears to have a solid reputation within the crypto degen community.

It has received 242 rocket emoji upvotes compared to just 38 red flags and 12 poo emojis.

Go+ Security, on the other hand, finds no concerning issues with its smart contract.

However, this does not guarantee that the token is free from being a scam or a pump-and-dump scheme.

Traders must exercise extreme caution in the shitcoin markets.

Bug (BUG)

Another meme coin inspired by Matt Furie (the creator of the Pepe cartoon) is gaining traction.

Bug (BUG), based on a cartoon of one of his other characters, has risen by 200% in 24 hours.

This is according to DEXScreener, which estimates BUG’s market cap at $2.5 million.

Despite its impressive recent performance, there is still ample room for further valuation growth.

Quick Intel and Token Sniffer suggest that the token’s smart contract is clean.

However, traders should remain vigilant. With only $230,000 in liquidity, a few large sell orders could quickly destabilize the market.

Crypto Alternatives to Consider – Presales

Instead of investing in highly speculative micro-cap meme coins, investors might want to explore meme coin presale opportunities.

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

15 Best Meme Coins to Buy in July 2024

The post Top Crypto Gainers Today on DEXScreener – USPEPE, BAR, BUG appeared first on Cryptonews.