{"id":48868,"date":"2023-08-15T20:31:37","date_gmt":"2023-08-16T00:31:37","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/biggest-crypto-gainers-today-on-dextools-shibarium-snake-cbot\/"},"modified":"2023-08-15T20:31:39","modified_gmt":"2023-08-16T00:31:39","slug":"biggest-crypto-gainers-today-on-dextools-shibarium-snake-cbot","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=48868","title":{"rendered":"Biggest Crypto Gainers Today on DEXTools \u2013 SHIBARIUM, SNAKE, CBot"},"content":{"rendered":"
\n

Altcoins have been selling off on Tuesday, with the likes of XRP, Dogecoin (DOGE), Cardano (ADA), Solana (SOL), Polkadot (DOT) and Polygon (MATIC) falling between 4-7% over the course of the last 24 hours.<\/p>\n

The combination of a continued steady crawl higher in long-dated US government bond yields to fresh yearly highs, plus continued poor risk appetite in the US stock market with the S&P 500 now at more than one-month lows, is probably weighing on sentiment.<\/p>\n

Bitcoin (BTC) was last trading around three-quarters of a percent lower on the day in the $29,100s, while Ether (ETH) was last trading down close to 1% on the day near $1,830.<\/p>\n

Earlier US Retail Sales data for July was stronger-than-expected, doing little to alter narratives that the US economy remains a long way from falling into recession, which is arguably crypto-positive, as long as it doesn\u2019t lead to expectations for more Fed rate hikes.<\/p>\n

Broadly, while altcoins have been falling, the big blue-chip names remain stuck within recent ranges and trading conditions remain somewhat boring as traders await catalysts like Wednesday\u2019s FOMC Meeting Minutes release and a possible judge ruling on Grayscale\u2019s lawsuit versus the SEC over their rejection of the former\u2019s spot Bitcoin ETF application last June.<\/p>\n

Traders looking for the prospect of quick gains thus continue to turn to the shitcoin\/meme coin markets in droves in the hunt for the next 10 or 100x token.<\/p>\n

Here are some of the best-performing coins on Tuesday, as per DEXTools.<\/p>\n

Shibarium Token (SHIBARIUM)<\/strong><\/h2>\n

As hype surrounding the upcoming launch of the alpha version of the Shiba Inu ecosystem\u2019s Ethereum layer-2 scaling blockchain Shibarium grows in light of the success of its beta testnet, various shitcoins are trying to piggyback off of the Shiba Inu project\u2019s success.<\/p>\n

One such shitcoin is Shibarium Token, which appears to be trying to pass itself off as having something to do with Shiba Inu\u2019s Shibarium (it doesn\u2019t).<\/p>\n

Meme coin degens have nonetheless been pumping the coin.<\/p>\n

Launched on Tuesday, SHIBARIUM is the best-performing meme coin of the day as per DEXTools, up over 350%.<\/p>\n

Its total market cap was last around $300,000, with over $1 million in trading volumes in the past 24 hours and now more than 400 holders.<\/p>\n

DEXTools\u2019 GoPlus security audit reveals one concerning aspect of the token\u2019s contract \u2013 the ability for the issuer to implement a trading pause.<\/p>\n

Traders should be highly careful buying coins that falsely make it appear as though they are related to a successful crypto project when they aren\u2019t, like with Shibarium Token, as they are probably just scam coins.<\/p>\n

Snake Eyes (SNAKE)<\/strong><\/h2>\n

A new shitcoin called Snake Eyes (SNAKE) has been pumping on Tuesday and was last up nearly 250% in the past 24 hours, as per DEXTools.<\/p>\n

SNAKE\u2019s market cap was last around $260,000, with over $280,000 in liquidity and more than 100 holders.<\/p>\n

DEXTools\u2019 GoPlus security audit doesn\u2019t reveal any concerning aspects to the token contract, although liquidity isn\u2019t locked, so the token could still end up as a rug pull.<\/p>\n

Companion Bot (CBot)<\/strong><\/h2>\n

Companion Bot CBot token, which claims to \u201cenhance the crypto experience within the Telegram platform\u201d, has been pumping on Tuesday and was last up around 320% on Tuesday as per DEXTools, making it one of the day\u2019s best performers.<\/p>\n

It\u2019s market cap was last around $1.78 million, with over $660,000 in liquidity which DEXTools says has been locked for at least 10 months.<\/p>\n

While that\u2019s a good sign that the token isn\u2019t a rug pull, the 5% buy and sell tax is somewhat concerning.<\/p>\n

Crypto Alternatives to Consider<\/strong><\/h2>\n

Shitcoins are very risky, given most have no real value proposition.<\/p>\n

For those looking for an even better probability of near-term gains, an alternative high-risk-high-reward investment strategy to consider is getting involved in crypto presales.<\/p>\n

This is where investors buy the tokens of up-start crypto projects to help fund their development.<\/p>\n

These tokens are nearly always sold very cheap and there is a long history of presales delivering huge exponential gains to early investors.<\/p>\n

Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application\/platform.<\/p>\n

If an investor can identify such projects, the risk\/reward of their presale investment is very good.<\/p>\n

The team at Cryptonews spends a lot of time combing through presale projects to help investors out.<\/p>\n

Here is a list of 15 of what the project deems as the best crypto presales of 2023.<\/p>\n

See the 15 Cryptocurrencies<\/p>\n

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Altcoins have been selling off on Tuesday, with the likes of XRP, Dogecoin (DOGE), Cardano (ADA), Solana (SOL), Polkadot (DOT) and Polygon (MATIC) falling between 4-7% over the course of the last 24 hours. The combination of a continued steady crawl higher in long-dated US government bond yields to fresh yearly highs, plus continued poor […]<\/p>\n","protected":false},"author":1,"featured_media":43382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-48868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\nBiggest Crypto Gainers Today on DEXTools \u2013 SHIBARIUM, SNAKE, CBot | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Altcoins have been selling off on Tuesday, with the likes of XRP, Dogecoin (DOGE), Cardano (ADA), Solana (SOL), Polkadot (DOT) and Polygon (MATIC) falling\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=48868\" 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