Top Crypto Gainers Today on DEXTools – SNAPCAT, SATS, PEPEGO
Blue-chip cryptocurrencies like Bitcoin (BTC), Ether (ETH), XRP (XRP) and BNB (BNB) are consolidating on Tuesday as traders take stocks of gains in recent weeks and eye commentary from Fed policymakers later in the week.
But with US stocks pushing up and US government bond yields looking like they want to continue the recent reversal lower from multi-decade highs, macro looks set to remain a tailwind.
Bitcoin was last trading just above $35,000, flat on the day, whilst Ether was last just under $1,900, though looks on the verge of a pump higher to test year-to-date highs in the $2,100s given the cryptocurrency is threatening a breakout above a key downtrend.
The fact that a recent surge in Ethereum network activity has turned the Ether supply deflationary once again could further aid the cryptocurrency’s near-term upside potential.
Elsewhere, Solana (SOL) and Toncoin (TON) are pumping and are the best two-performing coins in the top 20 by market capitalization, as per CoinMarketCap.
But the biggest movers in the crypto space remain highly illiquid shitcoins/meme coins.
Here are some of the biggest movers according to DEXTools.
GameFi token Snapcat ($SNAPCAT) continues to pump, rising nearly 250% in the past 24 hours to hit a market cap of over $5 million, as per DEXTools.
The token, which launched last week, has seen 24-hour trading volumes of close to $500,000, has accumulated nearly 300 holders and currently had over $2.5 million in liquidity.
The token has only one concerning aspect to its smart contract, according to DEXTools’ security audit, but traders should be careful that it could be a rug pull thanks to the fact that liquidity isn’t locked.
A shitcoin that was launched earlier in the year called Satoshis Vision ($SATS)
