Top Crypto Gainers Today on DEXScreener – PEDRO, VGREEN, CROCO
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
On a bearish day in major cryptocurrency markets that saw the likes of Bitcoin (BTC) and Ethereum (ETH) fall back towards recent lows amid ongoing concerns that the US economy might be about to tilt into recession ahead of the release of key US jobs data for August, traders turned to on-chain DEX markets in their hunt for top crypto gainers today that might be able to deliver fast gains.
Bitcoin vibe right now.. pic.twitter.com/yiS1QGQJSF
That’s because, even on a bad day for the broader crypto market, there are always top crypto gainers in the DEX markets posting big gains.
The crypto tokens trading on DEXs on blockchains like Ethereum and Solana are generally very illiquid, unless they have been around a very long time and become very well established (like Shiba Inu).
And that means that a relatively small amount of buy or sell pressure can result in big price swings.
On-chain DEX markets have a strong appeal to traders, given stories of traders posting 100x or more gains and getting rich from a small investment.
But readers must remember that these occurrences are exceedingly rare.
More likely, a trader will get caught on the wrong side of extreme volatility. Or, worse yet, the coin they are trading may end up being some sort of scam/pump-and-dump scheme.
With that being said, here are some top crypto gainers today on DEXScreener that traders will be monitoring.
A new Ethereum meme coin called VOTE FOR PEDRO (PEDRO) is up over 25,000% in 24 hours perDEXScreener, making it one of the top crypto gainers today.
The shitcoin last
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