Top Cryptocurrency Performers Today – Terminus, EDOGE, CONAN

With Bitcoin (BTC) showing strength above $64,000 and potentially poised for a breakout above its 200DMA, which could pave the way for a rise to $70,000, traders are positioning themselves in leading crypto gainers today within the DEX markets that may yield rapid returns.

Risk appetite in the cryptocurrency markets has been increasing in recent sessions as traders expect a global central bank easing cycle led by the Fed.

On Tuesday, China reduced its bank reserve requirements by 50 basis points, injecting 1 trillion yuan into its financial markets.

#PBOC to cut RRR by 50 bp in near future to provide 1 tn yuan liquidity marking , PBOC said Tue#Rates on existing home #mortgage loans will be reduced, likely by about 0.5 ppt;
Down payment requirement for 2nd #home buyers to be lowered to 15% from 25%, in line with that…

— LondonCryptoClub (@LDNCryptoClub) September 24, 2024

The US Core PCE inflation data set to be released on Friday could provide additional momentum to the ongoing market rally if it indicates that US inflation is declining more rapidly than the Fed had expected.

A new season for altcoins and meme coins may be approaching.

While many significant altcoins could be positioned for 3-5x returns if Bitcoin moves towards $100,000, the most substantial gains are anticipated in the DEX markets.

In DEX markets, new tokens frequently achieve 10-20x gains within a single day.

Traders often utilize tools like DEXScreener to identify trading tokens.

Here are some notable crypto gainers they will be observing today.

Top Crypto Gainers Today – Which Are They?

An Ethereum meme coin named Terminus (TERMINUS) has surged 438% in the last 24 hours, according to DEXScreener, reaching a market capitalization of $6.8 million.

The token’s DEXScreener page does not link to any official social media accounts or websites.

Thus, the purpose and concept of the token remain unclear.

Additionally, it has two issues related to its smart contract, according to a Go+ Security audit.

The coin also possesses only $330,000 in locked liquidity, indicating it could experience a rapid decline if a whale opts to sell off their holdings.

Its modest market cap offers significant potential for growth if altcoin markets continue to gain traction.

However, traders should exercise caution with this token, as conducting thorough due diligence is challenging.

In another instance, another Ethereum meme coin, Ethereum Doge (EDOGE), is experiencing a strong upward movement, increasing by 170% in 24 hours, making it another of the top crypto gainers today.

According to DEXScreener, its market cap was approximately $5.8 million, with around $350,000 in locked liquidity.

In contrast to Terminus, Ethereum Doge seems to have a solid community, boasting nearly 2,000 followers on Twitter and just under 2,000 in its Telegram group.

The apparent strength of EDOGE’s community is reflected on DEXScreener’s platform, where the token has received 862 rocket ship emoji upvotes compared to just 58 red flag emoji upvotes.

Community engagement is crucial for any meme coin seeking longevity.

Therefore, if Ethereum Doge possesses this, it may represent a more favorable option than Terminus.

Nonetheless, traders must always conduct their own due diligence and refrain from risking more than they can afford to lose.

The last token worth mentioning is a Solana meme coin called Conan (CONAN), themed after Donald Trump’s dog.

According to DEXScreener, CONAN has risen 80% in 24 hours, with its market cap reaching $8.5 million and the token accumulating $220,000 in locked liquidity.

While the token seems to be well-received among DEXScreener users, with 444 rocket ship emoji votes against just 50 red flag votes, traders should remain vigilant.

Almost all newly launched tokens are either scams or some form of pump-and-dump schemes.

Better Alternative?

Engaging in the DEX markets carries significant risks.

The likelihood of purchasing a token that turns out to be a rug pull is considerable.

Traders also face the risk of making poor buy or sell decisions driven by FOMO or fear.

A potentially safer approach to entering low market cap tokens early is to invest in crypto presales.

Presales typically last several weeks, providing investors with ample time to perform due diligence before committing their funds.

A good starting point for interested readers would be Cryptonews.com’s carefully curated list of the top crypto presales currently available.

17 Best Crypto Presales to Invest In Now

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