{"id":50178,"date":"2023-08-18T15:45:10","date_gmt":"2023-08-18T19:45:10","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/biggest-crypto-gainers-today-on-dextools-tele-sbonk-xrp\/"},"modified":"2023-08-18T15:45:13","modified_gmt":"2023-08-18T19:45:13","slug":"biggest-crypto-gainers-today-on-dextools-tele-sbonk-xrp","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=50178","title":{"rendered":"Biggest Crypto Gainers Today on DEXTools \u2013 TELE, SBONK, XRP"},"content":{"rendered":"
\n

Major cryptocurrencies have been in free fall on Friday, with Bitcoin (BTC) last down around 8% in the last 24 hours and Ether (ETH) last down around 5.0% in the $25,700s and $1,650 areas respectively.<\/p>\n

That takes losses on the week for Bitcoin and Ether to over 11% and 9% respectively, marking one of the worst weeks so far this year.<\/p>\n

The broader crypto market\u2019s total capitalization has dropped around $110 billion this week to only slightly above $1 trillion.<\/p>\n

In terms of what\u2019s causing the crash, a combination of factors have been weighing on broad crypto sentiment.<\/p>\n

Firstly, macro is a headwind\u2013 US long-dated bond yields are back near multi-year highs as traders bet the strong US economy means higher interest rates for longer, while US stocks (correlated to crypto in recent years) have been pulling back.<\/p>\n

Thinner than usual August liquidity conditions, which mean the month is often volatile and bearish (in the stock market, at least), have also been cited.<\/p>\n

Finally, the fact that Bitcoin and Ether both broke below major support levels, calling their 2023 uptrends into question, has also weighed heavily on sentiment.<\/p>\n

News that the SEC is poised to approve a raft of new Ethereum Futures ETFs has failed to lift the mood.<\/p>\n

With major cryptocurrencies under pressure, traders looking for a better possibility of near-term gains continue to turn to the shitcoin\/meme coin markets.<\/p>\n

Here are some of the best-performing low cap coins on Friday.<\/p>\n

Tele (TELE)<\/strong><\/h2>\n

TELE, the token that powers a web3 protocol that claims to be able to allow its users to send crypto with just their phone numbers.<\/p>\n

Last trading around $0.26, Tele is up an incredible more than 24,000% in the last 24 hours and last had a market cap of around $2.5 million, as per DEXTools. \u00a0<\/p>\n

24-hour trading volumes was last around $4.1 million, with TELE having now accumulated over 1,400 holders.<\/p>\n

$220,000 worth of liquidity is locked for at least six months, reducing rug pull risk.<\/p>\n

Its worth noting, however, that DEXTools\u2019 GoPlus security audit identified 4 alerts regarding the token\u2019s smart contract \u2013 a 3% buy and sell tax, plus an anti-whale mechanism and the potential to implement a trading cooldown.<\/p>\n

Shib Bonk (SBONK)<\/strong><\/h2>\n

A newly launched shitcoin called Shib Bonk (SBONK) is surging higher on Friday.<\/p>\n

SBONK just hit all-time highs around $0.0000066, giving it a market cap of around $280,000.<\/p>\n

SBONK has seen 24 hour trading volumes of around $590,000 and has nearly $230,000 in liquidity, though this isn\u2019t locked, meaning the chance of a rug pull remains.<\/p>\n

DEXTools\u2019 GoPlus security audit has not identified any concerning aspects to the token contract, however, which should ease fears about the token being a scam.<\/p>\n

XRP HarryPotterObamaPacMan9Inu (XRP)<\/strong><\/h2>\n

A shitcoin called XRP HarryPotterObamaPacMan9Inu (XRP) that was launched a few days ago just hit fresh all-time highs and, as per DEXTools, was last up around 70% in the last 24 hours, making it one of the best performers.<\/p>\n

XRP last had an impressive market cap of around $65 million, with over $850,000 in locked liquidity and over 2,600 holders.<\/p>\n

The shitcoin has clocked up nearly $4 million in trading volumes in just the last 24 hours.<\/p>\n

The DEXTools\u2019 GoPlus security audit highlights two concerning aspects of the token\u2019s contract, an anti-whale mechanism and a possible trading cooldown, as well as a 2% buy and sell tax.<\/p>\n

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

For crypto investors looking to diversify, 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":"

Major cryptocurrencies have been in free fall on Friday, with Bitcoin (BTC) last down around 8% in the last 24 hours and Ether (ETH) last down around 5.0% in the $25,700s and $1,650 areas respectively. That takes losses on the week for Bitcoin and Ether to over 11% and 9% respectively, marking one of the […]<\/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-50178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\nBiggest Crypto Gainers Today on DEXTools \u2013 TELE, SBONK, XRP | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Major cryptocurrencies have been in free fall on Friday, with Bitcoin (BTC) last down around 8% in the last 24 hours and Ether (ETH) last down around 5.0%\" \/>\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=50178\" \/>\n<meta property=\"og:locale\" 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