Top Crypto Gainers Today on DEXTools – XETH, TWEET, KABO
$XETH, $TWEET and $KABO are the top crypto gainers today on DEXTools, as the broader market downturn worsens.
Small-cap cryptocurrencies almost always take the mantle for the top crypto gainers each day.
That’s because their low level of liquidity means that relatively small buy pressure can easily result in fast exponential gains.
While blue-chip cryptocurrencies can offer good upside prospects, traders looking to make quick profits usually turn to low cap markets.
Speaking of blue-chip markets, the downtrend in prices has continued on Tuesday.
Traders continue to fret about elevated Grayscale sales, while reports that Mt. Gox victims may soon get repaid their BTC tokens may also be dampening sentiment.
Bitcoin (BTC) hit fresh yearly lows at $38,500 earlier in the day before bouncing to $39,400s.
Ether (ETH), meanwhile, is struggling just above $2,200.
Most major altcoins like Solana (SOL), XRP (XRP) and Cardano (ADA) were down around 4-6% in the past 24 hours.
With major crypto prices struggling, here are some of the top small-cap crypto gainers on Thursday as per DEXTools.
A newly launched shitcoin called XETH ($XETH) has exploded and is one of the top crypto gainers on Thursday.
$XETH is up 2,100% in the past 24 hours, as per DEXTools.
The latest pump has seen it hit a market cap of $1 million and reach liquidity of $220,000.
Despite launching less than 24 hours ago, it already has just under 900 holders.
But Investors should be cautious of the token’s a few concerning aspects to its smart contract.
Honeypot.is reckons the token might be a honeypot scam.
A shitcoin called TWEETY ($TWEETY) is has been pumping in the past week.
As per DEXTools, it was last up 160% on the day, making it one of the top crypto gainers today.
$TWEETY’s
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