On a relatively tame day for major cryptocurrencies that saw Bitcoin (BTC) nudge a little higher to the $68,000s but remain locked within recent range ahead of US Core PCE inflation data set for release on Friday, traders hunting for top crypto gainers today flocked to the volatile on-chain crypto markets.
Upside momentum regathered in USD
The underlying fundamentals cannot be denied
All eyes are on US Core PCE tomorrow! pic.twitter.com/chSGdV6OSi
— Ken Chigbo (@realkenchigbo) February 28, 2024
Last at $68,400, Bitcoin remains wedged well within its weekly ranges. Ethereum (ETH), meanwhile, fell back to the $3,700s as traders assessed when spot Ethereum ETFs might be launched.
Most other major altcoins also saw subdued trading conditions. The likes of Solana (SOL), Toncoin (TON) and Dogecoin (DOGE) were flat to 3% lower in the past 24 hours.
Flat trading conditions tend to encourage volatility-hunting investors to seek out riskier markets.
The riskiest markets in crypto are the markets for on-chain tokens, which trade on decentralized exchanges.
New meme coins and shitcoins are launched every single day. Most are either pump and dumps or scams, so traders need to be very careful.
Hardly any newly launched tokens will retain any long-term value. That said, some newly launched coins can post gains of 20, 50 or even 100x.
Here are some top crypto gainers today that traders will be monitoring using tools like DEXScreener.
Top Crypto Gainers Today
Trumpy (PRESIDENT)
A cat/Trump-themed meme coin called Trumpy (PRESIDENT) has pumped up hard since its launch this week.
PRESIDENT was last up 62,000% in the past 24 hours, per DEXScreener, pushing its market cap up to $1.1 million.
The new Solana meme coin is doing a decent job of drumming up social media support.
As per X, a supply burn is scheduled for when the token hits a market cap of $15 million.
https://twitter.com/Trumpy_on_Sol/status/1796271926916301191
There is no reason to believe that this meme coin is anything special though. Traders must do their own research before investing.
MARV (MARV)
A new Pepe-styled Ethereum-based shitcoin called MARV (MARV) is up over 800% in the past 24 hours.
https://twitter.com/MarvErc20/status/1795929485759451618
As per DEXScreener, its market cap is $2.1 million, with $7.2 million in 24-hour trade volumes.
Potential buyers should beware. As per a Go+ Security audit, token transfers are pausable. This coin could easily be a scam.
BonkWifCatShark (BITCOIN)
A new Solana shitcoin called BonkWifCatShark (BITCOIN) is attempting to gain some traction.
Its token was last up 11,000%, but that has only taken its market cap to $180,000, as per DEXScreener.
https://twitter.com/BWCSCTO/status/1796257118477328762
BITCOIN has a decent standing amongst the community of DEXScreener users. It has 468 rocket ship emoji votes and 37 fire votes, to just 11 poop emojis and 54 red flags.
Alternative Investment Strategy – Crypto Presales
Shitcoins like those noted above are highly risky. Meme coin presales could potentially result in significantly larger gains.
One new meme coin that analysts at Cryptonews.com think has a lot of potential is PlayDoge (PLAY).
PlayDoge isn’t just a meme coin. It powers a fun, mobile-based game and is thus packed with play-to-earn (P2E) utility.
The crypto presale has already raised close to $500,000 despite only just launching.
At $0.005, PLAY is launching with a modest market cap of under $50 million.
Depending on how its game gains traction, PLAY could be one of the best meme coin plays this cycle.
The post Top Crypto Gainers Today on DEXScreener – PRESIDENT, MARV, BITCOIN appeared first on Cryptonews.