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Top Crypto Gainers Today on DEXTools
As Bitcoin (BTC) and Ether (ETH) experience volatility on Tuesday following their recent multi-year highs earlier in the day, crypto enthusiasts seeking significant profits are actively exploring on-chain markets through platforms like DEXTools to identify today’s leading crypto gainers.
Bitcoin briefly exceeded $53,000 on Tuesday, while Ether was trading close to the $3,000 mark.
Both cryptocurrencies have since retraced approximately 3%, with BTC now hovering in the low $51,000s and ETH returning to around $2,900.
With Ether unable to surpass $3,000 and BTC appearing to remain within the recent $51,000-$53,000 range, alternative coins and meme tokens in the on-chain markets present a more promising opportunity for rapid gains.
Below are some of the top crypto gainers today on Ethereum, according to DEXTools.
Top Crypto Gainers Today
BABYSORA ($BABYSORA)
A derivative of the Sora memecoin, BABYSORA ($BABYSORA) has experienced a remarkable 3,900% increase since its launch on Tuesday.
According to DEXTools, its market capitalization stands at $580,000.
$BABYSORA has approximately $130,000 in liquidity and around 370 holders.
Its DEXTscore is relatively low at 81/99, and there are five concerning elements regarding its smart contract.
Notably, code auditors disagree on whether the token could be a honeypot scam.
Investors are advised to steer clear of this token.
Spider Man ($Spider)
A newly launched meme coin themed around Spider Man, known as Spider Man ($Spider), has surged by 230% on Wednesday.
Its market cap was approximately $385,000, with around $382,000 in liquidity, according to DEXTools.
The token has been in existence since last June and has only one alert related to its smart contract.
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This suggests that the token is likely not a scam.
However, investors should still conduct their own research.
Veil ($VEIL)
The privacy bridge protocol Veil ($VEIL) has seen significant gains recently, rising 140% in the last 24 hours as reported by DEXTools.
Its market cap has reached an impressive $2.76 million, with over $430,000 in locked liquidity.
It boasts a DEXTscore of 99/99 and only two concerning aspects related to its smart contract.
While this implies that the token is unlikely to be a scam, it does impose a 5% buy-and-sell tax.
Again, investors should always perform their due diligence, as there is no such thing as zero risk.
Crypto Alternatives to Consider
Investing in low-cap tokens carries a high level of risk.
A seemingly harmless project could easily prove to be fraudulent, and a few large sell orders could drastically reduce the price by 80%.
A strategy that remains risky but may offer a better risk-reward balance is participating in crypto presales.
This approach allows investors to acquire tokens from emerging, high-potential crypto projects/protocols at a discounted early price.
These projects utilize the funds for protocol development and marketing.
While numerous issues can arise when investing in crypto presales—unforeseen events may hinder a project from achieving its goals—astute presale investors often realize gains 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 the highest potential.
See the 14 Cryptocurrencies
The post Top Crypto Gainers Today on DEXTools – BABYSORA, Spider, VEIL appeared first on Cryptonews.
