{"id":67004,"date":"2023-09-29T19:51:39","date_gmt":"2023-09-29T23:51:39","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/biggest-crypto-gainers-today-on-dextools-gme-taizo-derp\/"},"modified":"2023-09-29T19:51:41","modified_gmt":"2023-09-29T23:51:41","slug":"biggest-crypto-gainers-today-on-dextools-gme-taizo-derp","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=67004","title":{"rendered":"Biggest Crypto Gainers Today on DEXTools \u2013 GME, TAIZO, DERP"},"content":{"rendered":"
\n

Bitcoin (BTC) has dipped back below $27,000, but is still trading in the green for the month and to the north of its 50-Day Moving Average (DMA).<\/p>\n

September is usually one of the worst months of the year for Bitcoin, so this is a strong sign heading into October, a month that is typically much friendlier to the BTC price.<\/p>\n

Whether Bitcoin can break back into the $28,000s and beyond its 200 and 100DMAs maybe be a key question for October.<\/p>\n

Whilst technicals and seasonality may be on BTC\u2019s side, macro remains a headwind with yields in major developed economies still close to multi-decade highs.<\/p>\n

Looking at other blue chip crypto names, Ether (ETH) was last up a little over 1% on the day and trading in the $1,660s, while XRP was last up a little over 3.5% and trading in the $0.52s.<\/p>\n

For now, blue chip crypto markets remain locked within recent ranges, so traders looking for a better prospect of near-term gains are likely to continue to turn to the highly illiquid shitcoin and meme coin markets for volatility.<\/p>\n

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

DumbMoney ($GME)<\/strong><\/h2>\n

A shitcoin called DumbMoney ($GME) has pumped nearly 8,000% in the last 24 hours, making it the top-performing shitcoin as per DEXTools.<\/p>\n

The shitcoin appears to be a mikey take of GameStop, whose NYSE ticker is $GME, and a means of calling GameStop \u201cdumb money\u201d.<\/p>\n

Its market cap was last around $2.4 million, with around $140,000 in liquidity and trading volumes of over $2.4 million in the past 24 hours.<\/p>\n

According to DEXTools\u2019 security audit, the token\u2019s contract only has two alerts, but its unlocked liquidity means it could still be a rug pull.<\/p>\n

Taizo Hori ($TAIZO)<\/strong><\/h2>\n

A newly launched shitcoin called Taizo Hori ($TAIZO) is already up 550% since its launch earlier in the day, and has already been able to achieve a market cap of $250,000, with liquidity of $190,000.<\/p>\n

The token has already seen volumes of $380,000 since its launch, and has accumulated close to 100 holders, as per DEXTools.<\/p>\n

$TAIZO\u2019s token doesn\u2019t appear to have any concerning aspects to it, but investors should exercise caution and do their own due diligence, as always.<\/p>\n

DERP Coin ($DERP)<\/strong><\/h2>\n

An AI-coin called DERP Coin ($DERP) that was first created back in early May saw a massive 170% pump on Friday, making it a top performer as per DEXTools.<\/p>\n

The token\u2019s market cap was last around $440,000, with locked liquidity of more than $110,000 and over 800 holders.<\/p>\n

Bulls should remain cautious though, as the latest price pump comes after only $46,000 in 24 hour trading volumes, which isn\u2019t very much, suggesting a lack of conviction behind the move, and that a few big sell orders could see the entire move reverse.<\/p>\n

As per DEXTools\u2019 security audit, DERP Coin doesn\u2019t have any concerning aspects to its token contract, but it does have a poor community trust score of only around 50%.<\/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 cheaply, 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":"

Bitcoin (BTC) has dipped back below $27,000, but is still trading in the green for the month and to the north of its 50-Day Moving Average (DMA). September is usually one of the worst months of the year for Bitcoin, so this is a strong sign heading into October, a month that is typically much […]<\/p>\n","protected":false},"author":1,"featured_media":60678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-67004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\nBiggest Crypto Gainers Today on DEXTools \u2013 GME, TAIZO, DERP | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) has dipped back below $27,000, but is still trading in the green for the month and to the north of its 50-Day Moving Average (DMA).September\" \/>\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=67004\" 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