Biggest Crypto Gainers Today on DEXTools – LYNX, DEE, HOLD
Blue chip cryptocurrency markets, with Bitcoin (BTC) flat in the $26,700s and Ether (ETH) over 1% lower in the past 24 hours after recently hitting its lowest level since March at $1,520.
Traders are monitoring a barrage of new macro information out of the US this week, including Thursday’s slightly hotter-than-forecast inflation numbers, the minutes of the last FOMC meeting that were released on Wednesday, and dovish leaning comments from various Fed policymakers this week, who seemed to favor no more rate hikes.
Ether continues to struggle from its own problems, however, which include weak demand for Ether futures ETFs that debuted in the US last week, and a surprise sale of $2.7 million ETH by the Ethereum Foundation on Sunday.
ETH is now teasing a breakout all the way back to the March lows in the $1,370s, which could mark a drop of 11% from current levels.
Other major cryptos like XRP (XRP), Solana (SOL), Cardano (ADA) and Dogecoin (DOGE) were also nursing losses over the past 24 hours, as per CoinGecko.
With crypto majors trading with a flat to negative bias, traders continue to turn to the highly illiquid and volatile shitcoin/meme coin markets in the hope of turning a faster profit.
Here are some of the top-performing low-cap coins on Thursday, as per DEXTools.
LYNX ($LYNX), the native token of a newly launched web3 trading protocol of the same name, just pumped to a new record high on Thursday, gaining over 100% in the past 24 hours, as per DEXTools, and reaching a market cap of nearly $2 million.
The token has seen a surge in 24-hour trading volumes to $130,000, has accumulated close to 250 holders and has nearly $170,000 in locked liquidity.
The token has a 5% buy and sell tax and five other security alerts, as per
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