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 major cryptos pushed higher on Thursday, with Bitcoin (BTC) surpassing $65,000 to hit new multi-month highs, top crypto gainers today in the DEX markets also saw big moves.
Bitcoin and other major cryptocurrencies continue to rally amid anticipation that a coordinated global easing of monetary policy will improve liquidity conditions, benefitting riskier assets.
"I thought that what the Fed did last week would lead to China easing, and I didn't know that they were going to bring out the big guns like they did," says investor David Tepper. "I think there's a whole shift." pic.twitter.com/fYBWcs0Lzy
The likes of Ethereum (ETH) and Solana (SOL) rose 2.5-5% in the past 24 hours, per CoinMarketCap.
But, in a sign that risk appetite in crypto is jumping, meme coins outperformed.
The likes of Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) and Dogwifhat (WIF) all spiked up at least 8%, with SHIB rallying 22%.
But the top crypto gainers today were all smaller, newer meme coins trading in the DEX markets.
Here are some of the top crypto gainers today according to DEX analytics tool DEXScreener.
A newish dog themed Ethereum meme coin called Doggo (DOGGO) is making a comeback on Thursday.
Per DEXScreener, it gained 109% in the past 24 hours, its market cap recovering to $15 million.
Doggo is now a fully community owned token – when a meme coin has a vibrant, active community, it tends to have much more longevity.
The $DOGGO CTO community is starting a movement! @BillyM2k
We’re inviting everyone to help support dog shelters.
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