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...
Most major crypto prices fell on Wednesday, despite US Consumer Price Index (CPI) data that supported the case for Fed rate cuts, with traders instead turning to tools like DEXScreener as they hunt for top crypto gainers today.
Today‘s US CPI inflation is essentially a non-event.
Just confirms what real-time data from @truflation & money supply data have been signaling for a while now.
Most importantly:
US inflation will continue to decelerate, further strengthening the case for Fed rate cuts. pic.twitter.com/CwowuR0D9N
Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) were all down between 1-3% in the past 24 hours, per CoinMarketCap.
All remain locked within recent ranges, with neither the bulls or bears decisively in control of the market right now.
Subdued trading conditions in major crypto markets often result in traders looking up the crypto risk curve for volatility.
And, if one thing is for sure, it’s that highly illiquid on-chain micro-cap markets will always deliver volatility.
Indeed, traders often turn to DEX monitoring tools like DEXScreener as they search for trending coins and top crypto gainers today.
Here are some big movers they will be watching.
A new Ethereum meme coin called Atsuko Sato (SATO) is one of the top crypto gainers today, up 2,000,000% since its launch, per DEXScreener.
We are on our journey to new heights! $SATO is exploring!
Chart: https://t.co/zmZykTtE0S
TG: https://t.co/ocJfsutdxD
Website: https://t.co/1CqNZGy4ZD pic.twitter.com/q4uj8IXpjF
SATO has been able to amass and impressive market cap of over $34
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