Biggest Crypto Gainers Today on DEXTools – DEE, KINGDOM, LOONG
Major blue-chip cryptocurrencies continue to slide, with Bitcoin (BTC) last trading in the $27,300s, down close to 1%, and Ether (ETH) last trading just to the north of $1,550 and down a little over 1%.
Bitcoin remains in a short-term uptrend, but is threatening a downside break, which would be confirmed if the cryptocurrency broke under $27,000 once again.
Ether, meanwhile, continues to face headwinds following the recent underwhelming launch of ETH futures ETFs in the US, which saw week demand, and following a surprise sale of around $2.7 million ETH tokens by the Ethereum Foundation earlier in the week.
Elsewhere, sentiment is downbeat across most other major cryptos, with the likes of XRP (XRP), Solana (SOL), Cardano (ADA) and Dogecoin (DOGE) all down 1-4% in the past 24 hours, as per CoinGecko.
Traders will be monitoring the ongoing war between Israel/Gaza and its impact on oil prices this week, as well as moves in the US bond and currency markets this week.
However, the main event is likely to be the release of US PPI and CPI inflation figures on Wednesday and Thursday.
Ahead of this data, traders will likely continue to turn to the highly illiquid shitcoin/meme coin markets for better trading opportunities.
Here are some of the top-performing low-cap coins as per DEXTools.
A shitcoin called Dee Jay ($DEE) that was launched on Tuesday has seen an almighty 400% pump from its decentralized exchange launch price, making it the best-performing shitcoin, as per DEXTools.
$DEE last had a market cap of just under $300,000, with 24-hour trading volumes of around $530,000, over 200 holders and a little over $240,000 in liquidity.
The token’s smart contract has two alerts, as per the DEXTools security audit, including an anti-whale
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