Though traders searching for today’s top gainers in the cryptocurrency space will still need tools like DEXTools to uncover low-cap jewels, the markets are booming on Thursday with Bitcoin (BTC) and Ether (ETH) both at multi-week highs.
With several favorable factors supporting cryptocurrencies, Bitcoin is back in the $45,000s and Ether is in the $2,400s.
The Federal Reserve is talking about cutting rates later this year, while US stocks are reaching new all-time highs.
In addition to Bitcoin’s benefiting from diminishing GBTC sell pressure, this is providing macro tailwinds for the market.
Cryptocurrency may also be benefiting from demand for safe havens as worries about the state of US regional banks intensify.
Meanwhile, hopes for a near-term mainnet improvement and the announcement that spot ETF candidates have updated their applications are helping Ether.
On March 13, Ethereum developers plan to roll out the Dencun upgrade on the mainnet following successful testnet upgrades.
In order to make their spot Ethereum ETF more like their recently approved Bitcoin ETF, ARK 21Shares modified it to use a cash creation approach.
That implies possible cooperation with SEC representatives, which may be taken to mean that there is a good chance their ETF will be approved.
Even if ETH and BTC have increased by 3-5% over the last day, they are not quite as much as the top cryptocurrency gainers on DEXTools, the most well-known decentralized exchange (DEX) program on web3.
The largest daily cryptocurrency gainers are virtually usually small-cap coins, which are also almost always pumping.
This is due to the fact that their low liquidity makes it possible for very little buy pressure to
yield quick exponential gains.
Even while blue-chip cryptocurrencies have strong potential for growth, traders who want to profit quickly tend to focus on low-cap marketplaces.
Thus, these are a few of the leading cryptocurrency gainers at the moment.
Today’s TopCrypto Gainers
Loong ($LOONG)
Chinese dragon-themed coin Just now, Loong ($LOONG) had an abrupt surge to all-time highs.
One of the biggest cryptocurrency gainers of the day, according to DEXTools, with gains of nearly 5,600% in a single day.
At the last time, $LOONG has a $1.75 million market value and around $100,000 in liquidity.
On the other hand, considering the nine smart-contract warnings found by
DEXTools.
InfantDoge ($BABYDOGE)
BabyDoge ($BabyDoge), a ripoff of the well-known meme coin, has recently debuted on Ethereum.
Its market cap reached over $600,000, according to DEXTools, after it recently increased by over 1,700%.
At last, it had roughly 350 holders and just over $200,000 in liquidity.
Its 96/99 DEXTscore and lack of smart contract alerts indicate that it is not likely to be a scam.
However, no matter how innocent-looking a low-cap coin appears, investors should always exercise caution.
$MOROS NET MOROS
Recently, MOROS NET ($MOROS), a token, has been gaining popularity.
It was up almost 130% in the last 24 hours, according to DEXTools.
With a market capitalization of almost $1.15 million, that places it among the top cryptocurrency gainers of today.
The token has slightly over 1,800 holders and $130,000 in locked liquidity.
Investors should exercise caution as it has nine smart contract alarms, suggesting that it might be a scam.
Alternatives to Cryptocurrency to Take Into Account
Low-cap coins carry a great deal of risk but can yield enormous potential rewards.
Investing in cryptocurrency presales is an alternate high-risk, high-reward method to think about if you’re searching for a better chance of short-term gains.
Investors purchase the tokens of nascent cryptocurrency projects here in order to contribute to their development.
These coins are almost always offered at a low cost, and early investors have historically reaped enormous exponential gains from presales.
Numerous of these projects are driven by outstanding teams with a clear ambition to create a groundbreaking cryptocurrency application or platform.
An investor’s presale investment has excellent risk/reward if they can find such projects.
To assist investors, the Cryptonews crew takes a great deal of time to go through presale schemes.
The project has compiled a list of 15 of the top cryptocurrency presales for 2023.
View the Presale List of 15 Cryptocurrencies