Top Crypto Gainers Today on DEXTools – CSHIB, DADA, FERRET
Bitcoin may be stealing the headlines after crossing above $50,000 for the first time since late 2021 on Monday, but for investors looking to turn a quick profit will continue to turn to the top crypto gainers today on DEXTools.
Amid optimism about spot Bitcoin ETF inflows, the Bitcoin price was last trading just under $50,000, up 3.5% on Monday.
As per CoinShares, spot Bitcoin ETFs saw $1.1 billion in net inflows last week.
Meanwhile, AUM held by the newly launched nine spot Bitcoin ETFs (excluding Grayscale’s converted GBTC) exceeded $10 billion last week.
Ether (ETH), meanwhile, was last up just over 4% on Monday and back above $2,600.
Fellow top 10 coins Solana (SOL), Cardano (ADA), Avalanche (AVAX) and Chainlink (LINK), meanwhile, were trading with gains between 1-3% over the past 24 hours, as per CoinMarketCap.
The release of US CPI data on Tuesday could trigger crypto market volatility.
That depends on how it impacts Fed rate cut expectations.
While the pump in blue-chip cryptocurrencies could continue in the coming sessions, meme coins and shitcoins could experience much larger gains.
That’s because their lower liquidity makes it easier for a few big buy orders to raise the price.
Here are some of the top crypto gainers today on the Ethereum blockchain, as per DEXTools.
A new shitcoin called CyberShib ($CSHIB) is up over 4,700% on DEXTools, making it the top crypto gainers today.
But this shitcoin is best avoided, as its probably a scam.
As per DEXTools’ smart contract audit, there is disagreement over whether is could be a honeypot scam.
Its tax also appeared to be modifiable, meaning a 100% sell tax could instantly be implemented.
Investors in this token are likely to have all their money stolen, so beware.
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