By CryptoNews - 3 months ago - Reading Time: 3 minutes
Top Crypto Gainers Today on DEXTools – NOBODY, KABO, QWIK
Top Crypto Gainers Today on DEXToolsWhile blue-chip cryptocurrency markets succumb to broad sell pressure on Wednesday as macro headwinds come in, shitcoin markets remain wild, with $NOBODY, $KABO and $QWIK the top crypto gainers today on DEXTools.
Small-cap cryptocurrencies almost always take the mantle for the top crypto gainers each day.
That’s because their low level of liquidity means that relatively small buy pressure can easily result in fast exponential gains.
As the broader crypto market succumbs to continued sell pressure as a result of the ongoing post-Bitcoin ETF approval “sell-the-fact” market reaction, and as strong US data pushes the US Dollar Index and US yields higher as traders pull back on Fed rate cut bets, crypto degenerates are turning to these low-cap markets for opportunities.
Here are some of the top crypto gainers today on decentralized exchange (DEX) analytics website DEXTools.
Top Crypto Gainers Today on DEXTools
NOBODY ($NOBODY)
A shitcoin called NOBODY ($NOBODY) that was initially launched last September has exploded into life this week.
As per DEXTools, it was last up around 4,000% in the past 24 hours.
$NOBODY’s market cap was last around $2.8 million, with around $280,000 in liquidity and over 2,500 holders.
The shitcoin has two smart-contract alerts, as per DEXTools.
But given it’s already been around for a little while, that reduces the risk that is a scam coin.
KaboChan ($KABO)
Another shitcoin that was launched a few weeks ago called KaboChan ($KABO) has also exploded into life on Wednesday.
As per DEXTools, $KABO is up around 4,300% in the past 24 hours, nearly reaching a $1 million market cap.
The token has four smart contract alerts, as per DEXTools’ security audit, so potential investors should be cautious.
QWIKMINE ($QWIK)
QWIKMINE ($QWIK), which claims to be a proof-of-work mining solution that has been tokenized as an ERC-20 token, is pumping.
As per DEXTools, its up around 800% in 24 hours, having launched on Tuesday.
The shitcoin’s market cap was still only around $600,000 as of Wednesday.
Its smart contract also has five concerning aspects, including a hefty 8% sell tax.
Crypto Alternatives to Consider
Low-cap coins can offer huge potential returns but also come with a lot of risk.
For those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.
This is where investors buy the tokens of upstart crypto projects to help fund their development.
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
Here is a list of 15 of what the project deems as the best crypto presales of 2023.
See the 15 CryptocurrenciesDisclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilize affiliate links within our content, and receive commission.
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Original source: CryptoNews