Biggest Crypto Gainers Today on DEXTools – POFI, HarryPotterObamaPacMan8Inu, ZKLAB
Blue chip cryptocurrency markets are slightly in the red on Tuesday, but for the most part are holding up pretty well within recent ranges, despite longer-dated US yields pushing to new multi-decade highs.
Bitcoin (BTC) was last changing hands in the low $26,000s, whilst Ether (ETH) was trading just to the south of $1,600, both below their 21-day Moving Averages, a warning sign for the near-term price outlook.
Both are at risk of further losses however as yields push higher and the US dollar remains strong thanks to bets that the US Federal Reserve will hold interest rates at higher levels for longer thanks to the outperforming US economy.
Upcoming risk events like another speech from Fed Chair Jerome Powell on Thursday and US Core PCE inflation data on Friday are the main potential sources of volatility this week.
Otherwise, traders will likely continue to turn to the shitcoin/meme coin market in the hunt for volatility.
Here are some of the best-performing coins as per DEXTools.
A shitcoin called Poleis Finance ($POFI) which claims to be an all-encompassing Decentralized Finance (DeFi) ecosystem, has been pumping in the last few days.
As per DEXTools, it was last up around 80% in the last 24 hours, making it one of the best-performing shitcoins.
At the current price of just over $0.0126, $POFI is up more than 300% since its earlier monthly lows, though would still need to more than 3x to get back to all-time highs.
It last had a market cap of just over $1.25 million, around $175,000 in locked liquidity and close to 700 holders.
It does have a 6% buy and sell tax, however, which is high by meme coin standards, as well as a function built into the token contract designed to work as an anti-whale mechanism.
A crazy-named shitcoin
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