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Here are the top crypto gainers today on DEXScreener
Last updated: May 20, 2024 10:29 pm EDT | 3 minutes reading
As crypto markets rose on Monday on optimism that Ethereum ETFs could soon gain approval, renewed appetite for risk caused traders hunting for today’s top crypto gainers to flock to online markets. chain.
Ether (ETH) rose an impressive 19% on Monday and last traded around $3,600.
If Spot Ethereum ETFs getting US approval, that would be a huge stamp of approval from regulators for the asset.
And it would open the door to a flood of institutional investments, as was seen later Spot Bitcoin ETF approvals.
To update: @JSeyff and I’m increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing talk this afternoon that the SEC could be doing a 180 on this (increasingly political issue), so now everyone is scrambling (as we , everyone assumed they would be denied). To see… https://t.co/gcxgYHz3om
-Éric Balchunas (@EricBalchunas) May 20, 2024
Bitcoin (BTC) also rose, gaining 8% on Monday and last trading around $71,000.
And the altcoin markets were a sea of green. The tastes of Pepê (PEPE), Arbitrum (ARB), Optimism (OP), and Uniswap (UNI) gained around 20% along with ETH.
There is room for the rally to continue. Macroeconomic headwinds have eased this month as Fed rate cut bets rise after less heat than expected Jobs in USA It is CPI inflation data.
And Ethereum ETF optimism could be just the catalyst needed to keep the rally going.
Top cryptocurrencies like BitcoinEther and Solana are above key short-term resistance levels and could retest yearly highs.
While the outlook is good, some cryptocurrency traders are looking for greater volatility.
Highly illiquid on-chain markets are the perfect place for these highly risk-tolerant traders.
New shit It is meme coins are launched every day on blockchains like Solana and Ethereum.
Most are scams or pump-and-dumps, and almost none have long-term value. But in the short term, some are posting impressive gains.
Here are some of the top crypto gainers today in on-chain markets, according to analytics tool DEX DEX Screener.
Top Crypto Earners Today
Dogwifmaga (WIFMAGA)
A newly released MAGA-themed version of dogwifhat, dogwifmaga (WIFMAGA) is hot in early Tuesday trading.
WIFMAGA last had a market value of US$1.7 million, as per DEX Screenerwith just over $100,000 in locked liquidity.
https://twitter.com/DogwifmagaCTO/status/1792735559036891324
The Trump-supporting spin on the original dogwifhat meme coin has just applied to be listed on CoinMarketCap.
https://twitter.com/DogwifmagaCTO/status/1792732911789048098
The token already has 1,389 followers on X and more than 1,000 followers on Telegram.
Signs of early community traction do not mean the token is not highly risky. Remember that almost every newly released coin is either a pump and dump or a scam.
Traders must always do due diligence.
MEGA (MEGA)
Another Trump-themed coin, this one called MEGA for “Make Ethereum Great Again,” is booming.
https://twitter.com/MegaEthHat/status/1792647354731962562
Since its launch on Monday, it has increased by 57,000% in 24 hours as per DEX Screener.
The token’s market capitalization was $3.7 million, with over $400,000 in liquidity partially locked.
The ERC-20 token has two issues with its smart contract, according to a smart contract audit by Go+ Security.
Monkey.lol (APE)
Ape.lol (APE), the token of a supposedly soon-to-be-launched token launch platform, is trending hard on Monday.
The token has risen nearly 40,000% since its launch, its market cap lasts around $2.2 million, according to DEX Screener.
APE also has $135,000 in locked liquidity and has already recorded $1.7 million in trading volumes.
Although it may seem like a legitimate project, it can still easily be a scam. Traders should always do their own research.
Cryptographic Alternatives to Consider
Altcoins are a great way to make quick gains in crypto. However, most of the coins mentioned above are already very well established to provide traders with gains of more than 10x.
To make bigger gains, traders will need to get into the newer coins very early.
For risk-tolerant investors looking to add positive exposure to their portfolios, pre-sale investment is potentially a good strategy.
Web3 Startups often sell their tokens at an early discount in pre-sales to fund development and generate excitement.
With so many pre-sales on the market, it can be difficult to know where to start. Here are some of Cryptonews’ top picks.
21 Best Crypto Presales to Invest in Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You can lose all your capital.