As the crypto markets soar following a more dovish than expected Fed policy announcement, traders looking for the top crypto gainers are turning to on-chain markets. On-chain markets are digital assets that have been issued directly on top of an existing blockchain, such as Ethereum. These tokens can be traded on decentralized exchanges (DEX) and potentially on centralized exchanges as well. However, on-chain markets are often referred to as „meme coin“ or „shitcoin“ markets because anyone can issue a token at any time, making them filled with scams and pump-and-dump schemes.
Despite the risks, on-chain markets are the only place where tokens can experience rallies in the 50-100x range. Traders are currently monitoring the top crypto gainers on Solana, as reported by DEXScreener.
Top Crypto Gainers Today
PIPI ($PIPI)
A Solana-based alternative to Pepe, called PIPI ($PIPI), is currently leading the top crypto gainers. In the past 24 hours, PIPI has surged by over 65,000%, with a market cap of approximately $4.0 million and trading volumes of nearly $2.9 million. The token also has over $220,000 in locked liquidity, indicating a lower risk of rug pulls.
PNUT ($PNUT)
Another meme coin named PNUT ($PNUT), based on Solana, is experiencing a surge on Wednesday. PNUT claims to be a Pepe-looking squirrel and has seen an 88,000% increase in the past 24 hours, reaching a market cap of $7.6 million. The token has impressive 24-hour trading volumes of $3.2 million and locked liquidity of around $330,000.
FAP ($FAP)
FAP ($FAP), another Solana-based meme coin related to male sexual pleasure, is also surging. According to DEXScreener, FAP has risen by 500% in the past 24 hours, with a market cap of $4.1 million. The token has seen around $20 million in trading volume, five times its market cap, and has $1.6 million in locked liquidity.
While investing in low-cap shitcoins like these carries significant risks, an alternative strategy is getting involved in crypto presales. This involves investors securing tokens of promising crypto projects at a discounted early price, with the funds being used for development and marketing. While there are still risks associated with presales, savvy investors often secure gains of 10x or more.
For more information on 14 pre-sale projects with high potential, read the full article.
Conclusion
The recent surge in the crypto market has attracted trader attention to on-chain markets, where meme coins can experience significant rallies. However, caution must be exercised when investing in such low-cap coins due to the high risk of scams and pump-and-dump schemes. An alternative strategy is to consider getting involved in crypto presales, which can offer higher potential rewards. Overall, thorough research and risk assessment are crucial when navigating the volatile world of cryptocurrencies.
| Token | 24-Hour Price Increase | Market Cap | Trading Volume | Locked Liquidity |
|---|---|---|---|---|
| PIPI | 65,000% | $4.0 million | $2.9 million | $220,000 |
| PNUT | 88,000% | $7.6 million | $3.2 million | $330,000 |
| FAP | 500% | $4.1 million | $20 million | $1.6 million |
Please note that these figures are accurate as of the time of writing and are subject to change.
Sources:
– DEXScreener.com
– Cryptonews.com (for 14 pre-sale projects with high potential)
