Top Crypto Gainers Today on DEXScreener – FARM, VISTA, NEIRO
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 cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) continue to trade with a bearish bias during Wednesday Asia Pacific trade, traders are turning to the on-chain DEX markets in their hunt for top crypto gainers today that might be able to deliver quick gains.
Bitcoin ebbed lower towards $57,000 while Ethereum bears eyed another push under $2,400, as US recession fears lingered ahead of key upcoming US economic data releases.
ISM Manufacturing PMI data released on Tuesday and JOLTs Job Openings data released on Wednesday were weak, weighing on sentiment.
But the most important data releases this week are yet to arrive.
If Thursday ISM Services PMI report and Friday’s August jobs data also underwhelm, risk assets could continue to drop.
That’s despite the likelihood that expectations for Fed rate cuts would also rise.
We are 15 days away from the first Fed rate cut of this cycle.
Using that same time frame, I overlayed the following past rate cut cycles: 1981, 1990, 2000, and 2007.
These four cutting cycles matched the same data that we're seeing currently (unemployment rate curving up,… pic.twitter.com/MYNUtYueNq
Amid the bearish conditions in blue-chip crypto markets, its no wonder traders are looking elsewhere for top crypto gainers today.
On-chain DEX markets are always alive with activity.
Regardless of broader market conditions, newly launched coins can pump and dump based on their own specific hype cycles.
Traders often turn to tools like DEXScreener to find trending coins.
Here are a few of the top crypto gainers
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