Top Crypto Gainers Today on DEXTools – 10000X, BabyGrok, SaFLok
Blue-chip cryptocurrency markets are pumping on Monday led by Bitcoin (BTC), which just surpassed $42,000 for the first time since April 2022, taking its four-day run of gains to move than 10%.
A cocktail of bullish catalysts are being cited as supporting the BTC rally, including; 1) ongoing optimism for near-term spot Bitcoin ETF approvals which is pumping optimism about institutional adoption, 2) an improving macro outlook as investors bet a Fed rate cutting cycle is near, 3) chatter about Qatar’s sovereign wealth fund stepping in to buy BTC, and other factors such as bullish technicals and the upcoming BTC halving.
Bitcoin bulls will be expecting a near-term test of the next major resistance level just under $43,000 within days, and possibly a retest of 2022 highs around $48,000 before the end of the year.
Ether (ETH), meanwhile, was last up 3% in the past 24 hours and at fresh yearly highs above $2,200.
While the near-term outlook for major cryptocurrencies is strong, investors looking to secure quick exponential gains will continue to turn to the highly illiquid shitcoin/meme coin markets.
Here are some of the biggest gainers as per decentralized exchange analytics website DEXTools.
A shitcoin called 10000X ($10000X) that was launched last week has seen an impressive 800% pump in the past 24 hours according to DEXTools, making it one of the best-performing shitcoins of the day.
$10000X last had a market cap of around $250,000, with over $175,000 having changed hands in the past 24 hours and the token having accumulated over 300 holders and nearly $300,000 in liquidity.
As per DEXTools’ security audit, the token has three smart contract alerts, so investors should exerice caution that the token might be a scam.
A shitcoin
