{"id":90769,"date":"2024-05-03T00:36:39","date_gmt":"2024-05-03T04:36:39","guid":{"rendered":"https:\/\/ifintechworld.com\/?p=90769"},"modified":"2024-05-03T00:36:40","modified_gmt":"2024-05-03T04:36:40","slug":"and-todays-top-crypto-gainers-on-dexscreener-are","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=90769","title":{"rendered":"And Today’s Top Crypto Gainers on DEXScreener Are…"},"content":{"rendered":"
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Traders turn to tools such as DEXScreener as they hunt for top crypto gainers today in the on-chain markets \/ Source: Cryptonews<\/figcaption>

As blue-chip cryptos stabilize following a tumble earlier this week, with Bitcoin (BTC) consolidating below $60,000, traders are turning to the on-chain markets as they hunt for top crypto gainers today.<\/p>\n

Bitcoin was last trading close to $59,000 as traders digest recent macro developments.\u00a0Negative ETF flows\u00a0are also on the radar after BlackRock\u2019s IBIT saw its first outflows since its January launch.<\/p>\n

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Yesterday’s ETF flows were extremely negative.
We had $563.7 million of outflows.$GBTC<\/a> had $167.4 million, Fidelity $191.1 million, Ark $98.1 million<\/p>\n

Blackrock had its first negative day with $36.9 million.<\/p>\n

After the price went down from $61k to $56k this isn’t a surprise\u2026 pic.twitter.com\/cwBR8epxvF<\/a><\/p>\n

\u2014 WhalePanda (@WhalePanda) May 2, 2024<\/a><\/p>\n<\/blockquote>\n

Meanwhile, most major altcoins\u00a0are also consolidating in wake of recent sell pressure.<\/p>\n

Downbeat conditions in the blue-chip market is encouraging traders turn to the volatile, unpredictable on-chain markets.<\/p>\n

On-chain markets refer to the market for assets that were issued and trade directly on the blockchain.<\/p>\n

Dozens of new tokens are launched every single day. Most are pump-and-dump schemes or\u00a0scams. But there are some gems to be uncovered, that could hand an early investor quick 10 or even 100x gains.<\/p>\n

Traders often refer to tools like DEXScreener to locate trending and pumping coins.<\/p>\n

That being said, here are some of the top crypto gainers today on\u00a0Ethereum, as per\u00a0DEXScreener.<\/p>\n

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

Crypto Felon (FELON)<\/strong><\/h3>\n

A just-launched shitcoin called Crypto Felon (FELON) has seen a huge 72,000% pump since its launch.<\/p>\n

That\u2019s according to DEXScreener, which puts its market cap at $2.2 million. The token also has $170,000 in locked liquidity.<\/p>\n

Somewhat surprisingly given the token is literally called Crypto Felon, it only has one smart contract issue.<\/p>\n

But traders should assume that all newly launched tokens are scams and always tread with caution.<\/p>\n

Yield (YIELD)<\/strong><\/h3>\n

Another just launched shitcoin called Yield (YIELD) is up over 48,000% in 24 hours.<\/p>\n

DEXScreener puts its market cap at $2.2 million, with just over $200,000 in locked liquidity.<\/p>\n

Traders should be extra careful with this shitcoin. It has five smart contract issues, including a modifiable tax and unrenounced ownership.<\/p>\n

Book of Bitcoin (BOOB)<\/strong><\/p>\n

Following the success of the meme coin Book of Ethereum, a new token Book of Bitcoin (BOOB) has launched, with the added bonus of boasting a comical ticker.<\/p>\n

BOOB\u2019s market cap was last $1.1 million, having rallied 29,000% in 24 hours as per DEXScreener.<\/p>\n

The token has $120,000 in locked liquidity and only one issue with its smart contract, a whitelist.<\/p>\n

Traders should be aware of the fact that its official X account<\/a> has been suspended, never a good sign.<\/p>\n

Alternative Investment Strategy to Consider \u2013 Presales<\/strong><\/h2>\n

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If traders can reliably identify\u00a0shitcoin gems, they can make a lot of money.<\/p>\n

But the over-looked strategy of investing in\u00a0presales\u00a0can potentially net even higher gains if executed correctly.<\/p>\n

Web3\u00a0projects\/protocols often sell their native tokens at a discount to early investors to fund development.<\/p>\n

If investors can reliably identify projects that, thanks to their strong vision, use case and competent team, end up gaining traction in the market, they can make big profits.<\/p>\n

Knowing where to start is one of the biggest barriers to entry in the daunting presale market.<\/p>\n

That\u2019s why Cryptonews put together a list of their top picks.<\/p>\n

20 Best Crypto Presales to Invest In<\/p>\n

Alternatively, check out this video from Cryptonews\u2019 Crypto Arjay, who goes over his top 3 meme coins. All are currently available in presale.<\/p>\n