Top Crypto Gainers Today on DEXScreener – BURGER, MISHA, GOU
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...
As risk appetite across traditional financial and cryptocurrency markets is heating up on Thursday in wake of the start of a new monetary policy easing cycle from the US Federal Reserve, DEX markets are pumping as traders rush to find top crypto gainers today.
Major cryptos posted decent gains on Thursday, with Bitcoin (BTC) rising 5% and Ethereum (ETH) 6.6% in the past 24 hours, per CoinMarketCap.
But those gains pale in comparison to the top crypto gainers today in the DEX markets.
That’s because newly launched micro-cap tokens often experience exponential intra-day price rises and declines thanks to their exceedingly low liquidity levels.
DEX traders frequently turn to tools such as DEXScreener to find trending coins.
Here are some top crypto gainers today they will be watching.
One day, after US Republican presidential candidate Donald Trump paid for a burger in a NYC bar with Bitcoin, meme coins were popping up to commemorate the event.
New Ethereum meme coin Crypto Burger (BURGER) is leading the charge, up 766% in the past 24 hours to a market cap of $5.4 million, per DEXScreener.
Since launching late on Wednesday, BURGER has enjoyed more than $5 million in trading volumes and raked in nearly $200,000 in liquidity.
But that is very low versus its market cap.
If a BURGER whale chose to cash out, the BURGER price could see a huge, rapid crash.
Traders must always remember that just as quickly as a new crypto’s price runs up, it could come crashing down.
Elsewhere, another Ethereum meme coin called Misha (MISHA), seemingly based on
Read more on cryptonews.com
