{"id":91074,"date":"2024-05-29T01:07:41","date_gmt":"2024-05-29T05:07:41","guid":{"rendered":"https:\/\/ifintechworld.com\/?p=91074"},"modified":"2024-05-29T01:07:42","modified_gmt":"2024-05-29T05:07:42","slug":"top-crypto-gainers-today-according-to-dexscreener","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=91074","title":{"rendered":"Top Crypto Gainers Today – According to DEXScreener"},"content":{"rendered":"
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Top Crypto Gainers Today on DEXScreener \u2013 KING, SWAPUZ, MOJO \/ Source: Cryptonews<\/figcaption>

It\u2019s been a tame start to the week for cryptocurrency markets, with most major coins locked within recent ranges, though admittedly close to multi-week highs, and with traders hunting top crypto gainers today instead turning to the more volatile and unpredictable on-chain altcoin markets.<\/p>\n

Bitcoin (BTC) was last trading in the $68,000s, having dipped back from above $70,000 on Mt Gox wallet movement jitters.<\/p>\n

Ethereum (ETH), meanwhile, was last in the $3,800s. Traders continue to wait for word on when recently approved Ethereum ETFs will actually launch.<\/p>\n

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Day 6 after Ethereum ETFs Approval pic.twitter.com\/gLRPGJZv5X<\/a><\/p>\n

\u2014 naiive (@naiivememe) May 28, 2024<\/a><\/p>\n<\/blockquote>\n

Core PCE inflation data out later in the week could shake things up in the market.<\/p>\n

The data is expected to show that MoM core price pressures declined to 0.2% in April from 0.3% in March.<\/p>\n

That would be a relief to the market, and bolster confidence that Fed rate cuts are coming later this year.<\/p>\n

Politics\/the regulatory landscape is also a tailwind for the market right now.<\/p>\n

US Presidential candidate Donald Trump was out with more pro-crypto commentary last week.<\/p>\n

And the SEC\u2019s recent u-turn to approve Ethereum ETFs indicates the anti-crypto crowd in the US is losing power.<\/p>\n

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Some of you a month ago told me \u201cBiden is better for crypto than Trump\u201d<\/p>\n

Okay \ud83d\udc4d\ud83c\udffd \ud83d\udc4d\ud83c\udffd pic.twitter.com\/MzZlK0lBrC<\/a><\/p>\n

\u2014 Evanss6 (@Evan_ss6) May 25, 2024<\/a><\/p>\n<\/blockquote>\n

Major cryptos could soon retest recent highs. But traders looking for faster gains will be drawn to the risky on-chain markets.<\/p>\n

New meme coins and shitcoins are launched every single day. If traders can get in early on a coin that ends up gaining traction, they can make quick 10x or more gains.<\/p>\n

Of course, trader must remember that the vast majority of these newly launched coins are scams or pump-and-dump tokens.<\/p>\n

Almost none retain any long-term value. Traders must do their own research and never risk more than they can afford to lose.<\/p>\n

That being said, here are some of top crypto gainers today as per DEX analytics tool DEXScreener.<\/p>\n

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

King of Memes (KING)<\/strong><\/h3>\n

A newly launched Solana meme coin called King of Memes (KING) is up nearly 750% in the past 24 hours.<\/p>\n

DEXScreener says the token has already been able to achieve a market cap of $642 million.<\/p>\n

But something seems very fishy with this token. It only has $670,000 in locked liquidity.<\/p>\n

And it has only seen $2.4 million in trading volume since its launch.<\/p>\n

DEXScreener\u2019s community of users also appears not to trust the coin.<\/p>\n

It has only one rocket and fire emoji votes, but 12 red flag votes, suggesting trust is low.<\/p>\n

The meme coin\u2019s X account has also been restricted.<\/p>\n

This token is very likely to be a scam. Traders should probably stay away.<\/p>\n

Swapuz (SWAPUZ)<\/strong><\/h3>\n

Another fishy-looking coin called Swapuz (SWAPUZ) has also been able to attain a massive market cap shortly after launch.<\/p>\n

SWAPUZ\u2019s market cap was last around $420 million, as per DEXScreener, with the token up 640,000% since launch.<\/p>\n

But like with KING, this upside has been achieved despite relatively low trading volumes of $4.8 million.<\/p>\n

The coin\u2019s X account also hasn\u2019t seen any notable activity since last year.<\/p>\n

Things don\u2019t look right. Traders would do their best to stay away.<\/p>\n

MOJO The Gorilla (MOJO)<\/strong><\/h3>\n

A recently launched Ethereum meme coin called MOJO The Gorilla (MOJO) has pumped up nearly 80,000% since launch.<\/p>\n

https:\/\/twitter.com\/Ethereum_Mojo\/status\/1795594443124531234<\/p>\n

As per DEXScreener, that\u2019s taken its market cap to $3.1 million, with $250,000 in locked liquidity.<\/p>\n

Go+ Security identifies two concerning aspects of the token\u2019s contract.<\/p>\n

Just because this meme coin looks less scammy than the first two in this list doesn\u2019t mean it\u2019s without risk.<\/p>\n

Traders must always remember, most newly launched tokens are pump-and-dumps schemes.<\/p>\n<\/p><\/div>\n