Biggest Crypto Gainers Today on DEXTools – PEPE, 0XOS, ITX
Blue chip cryptocurrency markets are recovering on Thursday following Wednesday spot Bitcoin ETF approval FUD/leverage flush out-fuelled pullback, with Bitcoin (BTC) last up more than 3% on the day and back above $44,000 and Ether (ETH) up around 3.5% and eyeing a retest of $2,300.
Most other major altcoins, like Solana (SOL), XRP (XRP), Cardano (ADA), Avalanche (AVAX) and Dogecoin (DOGE) are up between 2-7% in the past 24 hours, as per CoinMarketCap.
Traders continue to monitor newsflow relating to and the debated surrounding the potential near-term approval of spot Bitcoin ETFs in the US, which will undoubtedly be the biggest market mover in the coming days.
Price action suggests most investors remain optimistic that approvals are coming, and the latest bought of dip buying suggests that sentiment remains generally bullish.
Whilst macro has been taking a back seat as a driver of crypto price action as of late, traders will nonetheless also be monitoring the release of US jobs data on Friday, which could impact (i.e. support or push back against) the recent rise in anticipation for Fed rate cuts this year.
For the most part, blue chip cryptocurrencies are still trading below recent highs and as the market waits for news about spot Bitcoin ETFs, conditions are likely to remain rangebound.
That means traders hunting for quick exponential gains will continue to turn to the highly illiquid and volatile shitcoin/meme coin markets.
Here are some of the biggest low-cap gainers being traded on the Ethereum blockchain, as per Decentralized Exchange (DEX) analytics and surveillance website DEXTools.
A copycat version of Pepe Coin, also called Pepe (PEPE), has been pumping recently and was last up around 180% in the past 24 hours, as per
