With Bitcoin (BTC) and Ether (ETH) prices choppy on Tuesday in wake of hitting fresh multi-year highs earlier in the session, crypto degenerates hunting for big gains continue to scour on-chain markets using websites like DEXTools for top crypto gainers today.
Bitcoin briefly surpassed $53,000 on Tuesday, while Ether was momentarily trading with a $3,000 handle.
Both have since pulled back around 3%, with BTC now trading in the low $51,000s and ETH back at $2,900.
With Ether failing to break above $3,000 and BTC seemingly still locked within recent $51,000-$53,000 ranges, shitcoins and meme coins trading in the on-chain markets offer a much better prospect of quick gains.
Here are some of the top crypto gainers today on Ethereum, as per DEXTools.
Top Crypto Gainers Today
BABYSORA ($BABYSORA)
A copycat version of the Sora memecoin BABYSORA ($BABYSORA) has seen an impressive 3,900% pump since its launch on Tuesday.
That’s according to DEXTools, which puts its market cap at $580,000.
$BABYSORA has liquidity of around $130,000 and around 370 holders.
Its DEXTscore isn’t great at 81/99 and it has five concerning aspects to its smart contract.
Importantly, code auditors are in disagreement over whether the token might be a honeypot scam.
Investors would be best of avoiding this shitcoin.
Spider Man ($Spider)
A recently launched Spidar man-themed meme coin called Spider Man ($Spider) has pumped 230% on Wednesday.
Its market cap was last around $385,000 with around $382,000 in liquidity, as per DEXTools.
The token has been around since last June and only has once smart contract alert.
That suggests the token probably isn’t a scam.
But investors should nevertheless always still do their due diligence.
Veil ($VEIL)
Privacy bridge protocol Veil ($VEIL) has been pumping hard recently, last up 140% in 24 hours as per DEXTools.
Its market cap has now reached an impressive $2.76 million, with over $430,000 in locked liquidity.
It has a 99/99 DEXTscore and only two concerning aspect to its smart contract.
Though the implication is that the token is unlikely to be a scam, there is a 5% buy-and-sell tax.
Again, investors should always do their due diligence. There’s no such thing as zero risk.
Crypto Alternatives to Consider
Investing in low-cap shitcoins is a very risky strategy.
An innocent-looking project could easily turn out to be a scam, and a few big sell orders could easily drive the price 80% lower.
A strategy that is still risky, but arguably has a better risk reward is getting involved in crypto presales.
The idea is that investors secure tokens of up-and-coming, high-potential crypto projects/protocols at a discounted early price.
These projects then put those funds to work, paying for protocol development and marketing.
While lots can go wrong when investing in crypto presales – unforeseen circumstances can prevent a project from delivering on its vision – savvy presale investors routinely secure gains of 10x or more.
With hundreds of presale projects vying for investor funds, analysts at Cryptonews have been combing the market.
Here are 14 of the presale projects with the highest potential.
See the 14 Cryptocurrencies
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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