Top Crypto Gainers Today on DEXScreener – TSUJI, FROSTY, FWOG
As crypto markets struggle amid fears that the Biden administration might dump Bitcoin ahead of November’s election, traders hunting for top crypto gainers today are turning to more speculative markets.
Bitcoin (BTC) retreated briefly below $66,000 on Tuesday as traders wait for Wednesday’s Fed meeting.
The Fed could bolster crypto market sentiment, assuming it tees up a rate cut for September.
However, impatient traders looking for quick gains continue to turn to micro-cap altcoins markets.
They use tools such as DEXScreener to monitor the market for newly launched meme coins and shitcoins.
Such assets are exceedingly risky. Most of these newly launched tokens are either scams and/or pump-and-dump schemes.
But these coins sometimes post rapid exponential gains, netting early investors huge profits.
Here are some of the top crypto gainers today on DEXScreener that traders will be watching.
Top Crypto Gainers Today
Tsutsuji (TSUJI)
A newly launched cat-themed Ethereum meme coin called Tsutsuji (TSUJI) is pumping hard on Tuesday.
It was last up over 110,000% since its launch, per DEXScreener .
That’s taken its market cap above $5 million and its liquidity to around $300,000.
The token appears to have a decent community standing, with over 780 rocket ship emoji votes in DEXScreener to 191 red flag emoji votes.
That doesn’t mean the token isn’t a scam of some sorts. And a few big sell orders could see the Tuesday pump quickly reverse.
Traders must do their own due diligence before getting involved and never risk more than they can afford to lose.
Frosty the Polar Bear (FROSTY)
Another just launched meme coin, this one on Solana, called Frosty the Polar Bear (FROSTY) is up 85,000% so far.
That’s taken its market cap to $4.2 million. But with just $250,000 in liquidity, a few big sell orders could see the FROSTY price plummet.
The token seems to be popular in the community. It has over 300 rocket emojis on DEXScreener to just 19 red flag votes.
Of course, as noted above, that doesn’t mean that FROSTY isn’t a scam.
FWOG (FWOG)
Another just launched Solana meme coin called FWOG (FWOG) has pumped a stunning 20,000% to attain a $13.2 million market cap. That makes it a top crypto gainer today.
That’s according to DEXScreener , who last put FWOG’s liquidity at over $600,000.
FWOG has been a very active token so far. It has seen around $90 million in trading volumes so far.
This community-issued meme coin could be on the path to success.
But, as noted, meme coin markets are exceedingly. And just as a coin might be able to 100x, it could also quickly implode by 99%.
Crypto Alternatives to Consider – Presales
Investors may want to consider meme coin presale investing rather than investing in highly risky micro-cap meme coins .
Analysts at Cryptonews.com keep a close eye on the presale market . They have compiled a list of meme coin presales that they think have a lot of potential.
15 Best Meme Coins to Buy
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
From $15K to $94M: A Miami Truck Driver’s Journey with Solana, with Eyes Now on Altcoin
Cardano’s Hydra Launches Gamified Test Campaign as ADA Price Responds
Shiba Inu’s Potential for Growth: Kusama Highlights Market Position and Future Utility Strategies