Top Crypto Gainers Today on DEXScreener – RWA, PoP, PARO
On a boring day in the blue-chip cryptocurrency markets where Bitcoin (BTC) went sideways in the $70,000-$71,000 area and Ether (ETH) was rangebound in the $3,500 area, traders instead turned to the highly volatile and illiquid micro-cap on-chain markets to hunt for top crypto gainers today.
While substantially riskier than the spot markets for major cryptos, on-chain markets offer the possibility of quick gains.
Newly launched micro-cap cryptos trading in the on-chain markets routinely post 20-100x gains in as little as one day.
That being said, it’s not uncommon for these cryptos to drop 90% or more in one day.
In such illiquid markets, a few big buy or sell orders can trigger huge price moves.
But on-chain markets carry many more risks beyond their low liquidity and volatility.
Indeed, given there is virtually no barrier to a blockchain user launching their own coin, the vast majority of tokens launched each day are scams, pump-and-dumps or rug pulls.
In other words, they are a means for scammers to unload their worthless tokens on unsuspecting victims.
On-chain micro-cap markets are thus exceedingly risky. It is crucial that traders do their own research before buying any tokens.
And even if they feel they understand a token/project well, traders should never invest more than they can afford to lose. Even the most legitimate-looking new projects and tokens can turn out to be scams.
Let’s take a look at some of the top crypto gainers today in the Ethereum on-chain markets.
A just-launched token that claims to sit at the intersection of two major themes in crypto, the tokenization of real-world assets and AI, called RWA-AI (RWA) has pumped hard on Thursday.
https://twitter.com/RWA4AI/status/1778405387126865985
Since its launch
Read more on cryptonews.com
