Top Crypto Gainers Today on DEXScreener – BABYNEIRO, AGURI, SATO
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...
While major cryptos are higher on Tuesday, most have backed off from earlier session highs amid nerves ahead of Wednesday’s Fed policy announcement, with traders instead turning to on-chain DEX markets in their hunt for top crypto gainers today.
Indeed, even on a good day for major cryptos, the top crypto gainers are normally found in DEX markets.
That’s because the tokens trading in DEX markets have exceedingly low liquidity and are highly speculative.
Tokens can gain 10-20x in one day, and then all of those gains can be handed back just as quickly.
The allure of going from rags to riches with a small initial investment is a major lure for traders to DEX markets.
But traders should remember that hitting the jackpot is very unlikely.
Most coins are scams or pump-and-dump designed to prey on traders’ desire to make big returns.
That said, let’s examine some of the top crypto gainers today and consider whether they are worth investing in.
Up over 600% in the past 24 hours, Baby Neiro (BABYNEIRO), an Ethereum meme coin, is one of the top crypto gainers today.
The token’s market cap was last around $3.6 million, not bad for a spinoff of the Neiro meme coin, a successful meme project that was recently launched on Binance and hit a market cap above $150 million.
However, the token only has $250,000 in locked liquidity. That means if a whale decided to cash out, the token could swiftly crash 90% or more.
BABYNEIRO could 10x from here, sure. But its a very risky bet. Potential investors must be prepared to lose their entire initial
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