{"id":89996,"date":"2024-02-29T22:31:28","date_gmt":"2024-03-01T03:31:28","guid":{"rendered":"https:\/\/ifintechworld.com\/?p=89996"},"modified":"2024-02-29T22:31:29","modified_gmt":"2024-03-01T03:31:29","slug":"top-crypto-gainers-today-on-dextools-memeai-fr33-gpubot","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=89996","title":{"rendered":"Top Crypto Gainers Today on DEXTools \u2013 MEMEAI, FR33, GPUBot"},"content":{"rendered":"
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Top Crypto Gainers Today on DEXTools<\/figcaption><\/figure>\n

As blue-chip cryptocurrencies like Bitcoin (BTC) and Ether (ETH) consolidate close to recent highs as investors digest surging spot Bitcoin ETF demand, highly risk-tolerant traders, often referred to as \u201cdegens\u201d, continue to pile into the on-chain shitcoin markets in the hunt for top crypto gainers today.<\/p>\n

Trading volumes in BlackRock\u2019s Bitcoin ETF IBIT were above $1 billion for a fourth successive session, TheBlock data shows.<\/p>\n

Last week\u2019s daily volume average was under $500 million.<\/p>\n

Wednesday, meanwhile, saw net inflows into spot Bitcoin ETFs of more than 11,000 BTC.<\/p>\n

That\u2019s more than 10x the increase in BTC supply via token issuance to miners.<\/p>\n

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Oh my goodness<\/p>\n

Two days ago $BTC<\/a> Bitcoin ETFs were buying 9000 Bitcoin a day<\/p>\n

Yesterday they bought 11,000<\/p>\n

Miners $CLSK<\/a> $MARA<\/a> only produced 900<\/p>\n

More than 10x demand vs new supply created<\/p>\n

Post halving, the miners will only produce 450 a day pic.twitter.com\/lvEerHBE5g<\/a><\/p>\n

\u2014 amit (@amitisinvesting) February 29, 2024<\/a><\/p>\n<\/blockquote>\n

Huge demand for BTC from spot ETF investors comes ahead of the Bitcoin halving in April.<\/p>\n

This is when the rate at which BTC is issued to miners will drop in half, reducing long-term sell pressure.<\/p>\n

Amid a demand surge and ahead of a supply shock, it\u2019s no wonder that Bitcoin is up around 20% this week.<\/p>\n

Monthly gains currently stand at around 44%, the most in three years.<\/p>\n

Whilst those gains are certainly impressive for an asset of Bitcoin\u2019s size, that\u2019s nothing compared to the price moves witnessed in shitcoin markets on a daily basis.<\/p>\n

Here are three top crypto gainers today in the shitcoin market that degens will be monitoring, as per Decentralized Exchange (DEX) analytics tool DEXTools.<\/p>\n

Top Crypto Gainers Today<\/strong><\/h2>\n

MEMEAICoin ($MEMEAI)<\/strong><\/h3>\n

A new shitcoin called MEMEAICoin ($MEMEAI) is up 5,500% after launching today, as per DEXTools.<\/p>\n

Its market cap was last around $2.4 million, with just under $300,000 in liquidity and nearly 300 holders.<\/p>\n

The token might be a scam though, so investors are best advised to stay away.<\/p>\n

As per DEXTools\u2019 smart contract audit, Honeypot.is thinks the token is a honeypot scam.<\/p>\n

Honeypot tokens may be impossible to sell or may contain malicious code.<\/p>\n

FR22 GPT ($FR33)<\/strong><\/h3>\n

Telegram-based AI tool FR33 GPT is up 800% on Thursday, as per DEXTools.<\/p>\n

Its market cap was last around $1.17 million, with just over $200,000 in liquidity.<\/p>\n

The token has 350 holders and has seen just under $1 million in trading volumes in 24 hours.<\/p>\n

It has a 3% buy and sell tax, plus two other smart contract alerts.<\/p>\n

GPUBot ($GPUBot)<\/strong><\/h3>\n

Another AI shitcoin called GPUBot ($GPUBot), which claims to be a decentralized infrastructure with blockchain-powered and AI-enabled node services, is pumping.<\/p>\n

As per DEXTools, it is one of the top crypto gainers today, having gained 360% in 24 hours.<\/p>\n

Its market cap was last around $2 million, with locked liquidity of around $300,000.<\/p>\n

It has two smart contract alerts, so investors should be very cautious.<\/p>\n

Even with innocent-looking coins, investors still risk losing everything in the shitcoin market.<\/p>\n

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

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Investing in low-cap shitcoins is a very risky strategy.<\/p>\n

An innocent-looking project could easily turn out to be a scam, and a few big sell orders could easily drive the price 80% lower.<\/p>\n

A strategy that is still risky, but arguably has a better risk reward is\u00a0getting involved in crypto presales.<\/p>\n

The idea is that investors secure tokens of up-and-coming, high-potential crypto projects\/protocols at a discounted early price.<\/p>\n

These projects then put those funds to work, paying for protocol development and marketing.<\/p>\n

While lots can go wrong when investing in crypto presales\u2014unforeseen circumstances can prevent a project from delivering on its vision\u2014savvy presale investors routinely secure gains of 10x or more.<\/p>\n

With hundreds of presale projects vying for investor funds, analysts at Cryptonews have been combing the market.<\/p>\n

Here are 14 of the presale projects with the highest potential.<\/p>\n

See the 14 Cryptocurrencies<\/strong><\/p>\n<\/p><\/div>\n