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 crypto traders monitor a major debate between the two main US Presidential nominees Donald Trump and Kamala Harris having made solid gains so far this week, traders looking for top crypto gainers today in the DEX markets are turning to tools such as DEXScreener.
Bitcoin (BTC) was last trading just under $58,000, up just over 5% this week, with other major cryptos posting similar gains.
While the US Presidential debate will be the main focus on Tuesday night, focus quickly shifts to US inflation data on Wednesday.
The Consumer Price Index (CPI) report is expected to support the case for multiple interest rate cuts from the Fed in the coming quarters.
If pro-crypto US Presidential candidate Trump is deemed as having won the debate and inflation data plays ball, this could be a good combination for a continued recovery in major crypto prices this week.
But impatient traders looking for even faster gains will continue to head to the highly illiquid and volatile DEX markets.
Here are some top crypto gainers today that they will be watching, according to DEXScreener.
A Solana-based GameFi token called GNOME MINING GAME (GNME) is one of the top crypto gainers today, up over 200% in 24 hours per DEXScreener.
The GameFi coin last had a market cap of around $3.8 million, with around $150,000 in locked liquidity.
GNME looks like a pretty solid token. But its low liquidity means that if a whale wants to cash out, the price could suffer a huge crash.
Also, there is no guarantee that the token isn’t a pump-and-dump or rug-pull scheme.
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