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Top Crypto Gainers Today: Byte, VPS and Telenode Lead on Ethereum
Find out which cryptocurrencies are the biggest winners today and discover exciting alternatives to investing. Read the article to learn more about the current developments in the meme coin markets and possible chances of winning. Please note that crypto assets are risky and this article does not constitute investment advice.
Top Crypto Gainers Today: Byte, VPS and Telenode Lead on Ethereum
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On Tuesday, blue-chip cryptocurrency prices were under pressure as profit-taking ahead of the upcoming Bitcoin halving and pessimism about the likely approval of Ethereum spot ETFs weighed on the market. Traders looking to make quick profits are flocking to the on-chain meme coin market to find the biggest winners. However, these markets are filled with scams and pump and dump schemes. Some of the top performers in Ethereum are Byte ($BYTE), IGET ($IGET), and Book of Pepe ($BOPE). However, investors should be extremely careful as these tokens carry high risks. As an alternative investment strategy, investors could enter cryptocurrency presales to invest in promising projects.
Top Crypto Gainers Today on DEXScreener
Bytes ($BYTE)
On Tuesday, the just-launched shitcoin Byte ($BYTE) saw a 12,000% increase, according to DEXScreener. The market cap is currently around $1.8 million, with liquidity of around $30,000. It is impressive that this was achieved on the first day of trading. However, investors should be extremely cautious as the token has five concerning aspects in its smart contract, including the ability to mint coins, modifiability of taxes, and a 7% purchase and sales tax.
VPS ($VPS)
Another just-launched shitcoin called IGET ($IGET) is also seeing a sharp rise. On Tuesday the increase was over 9,000% according to DEXScreener. The market capitalization is currently a modest $1.1 million, with liquidity of $225,000. Although DEXScreener does not identify any smart contract issues, investors should be extremely cautious as there is no such thing as a risk-free investment in the shitcoin markets.
Telenode ($TGPU)
A token called Book of Pepe ($BOPE) is up 80% in 24 hours, according to DEXScreener. The market cap is currently around $1.6 million, with $150,000 in locked liquidity. However, investors should not let the locked liquidity fool them into a false sense of security about this token, as the smart contract has three concerning aspects, including a potentially modifiable tax.
Crypto Alternatives to Consider
Investing in low-cap shitcoins is extremely risky. An inconspicuous project could easily turn out to be a scam, and a few large sell orders could easily push the price down by 80%. A riskier but potentially better risk-reward strategy is to engage in cryptocurrency presales. Investors secure tokens from emerging, promising crypto projects/protocols at a reduced early price. These projects then use the funds received for further development of the protocol and marketing. While a lot can go wrong when investing in cryptocurrency presales, experienced presale investors regularly make profits of 10x or more. Cryptonews analysts searched the market and identified 14 presale projects with high potential.
Note: Crypto is a high-risk asset class. This article is for informational purposes only and does not constitute investment advice. There is a possibility that you may lose all of your capital.
Table: Top Crypto Gainers Today on DEXScreener
| Tokens | Increase (%) | Market capitalization (USD) | Liquidity (USD) | Questionable aspects |
|---|---|---|---|---|
| Bytes ($BYTE) | 12,000% | 1.8 million | 30,000 | Coinage, tax modifiability, 7% purchase and sales tax |
| IGET ($IGET) | 9,000% | 1.1 million | 225,000 | No identified questionable aspects in the smart contract |
| Book of Pepe ($BOPE) | 80% | 1.6 million | 150,000 | Potentially changeable tax |
Fact-based information and context:
On Tuesday, blue-chip cryptocurrency prices showed a decline as profit-taking ahead of the upcoming Bitcoin halving and doubts about the approval of Ethereum spot ETFs weighed on the market. This has led to a flight of traders into the on-chain meme coin market, where they are looking for the best winners. On-chain markets are markets for digital assets issued directly on an existing blockchain. Such tokens can be traded on decentralized or sometimes centralized exchanges. However, since anyone can issue a token at any time, these markets are full of scams and pump-and-dump schemes. However, they also offer the opportunity for huge winnings in the range of 50-100x.
An example of such a leader on Ethereum is Byte ($BYTE), a newly launched shitcoin that saw a 12,000% increase on Tuesday. With a market cap of around $1.8 million and liquidity of around $30,000, this increase is impressive. Still, investors should be extremely cautious as the token has five concerning aspects in its smart contract, including the ability to mint coins, variable taxes, and a 7% purchase and sales tax. It's a similar story with IGET ($IGET), another shitcoin launched, which saw a surge of over 9,000% on Tuesday. Although no questionable aspects have been identified in the smart contract, investors should be extremely careful here.
To avoid overly risky investments, investors might consider alternative strategies, such as participating in cryptocurrency presales. They secure tokens from promising projects at a reduced early price. These projects use the investments for protocol development and marketing. Although there are risks here too, experienced presale investors have regularly achieved profits of 10x or more. Cryptonews analysts scanned the market for promising presale projects and identified 14 cryptocurrencies with high potential.
It is important to note that cryptocurrencies are a high-risk asset class and that this article is for informational purposes only and does not constitute investment advice. Investors should be aware that they may lose all of their capital.