As major cryptocurrencies take a breather during early Wednesday Asia Pacific trade in wake of a bullish start to the week, risk-tolerant crypto traders are turning to the on-chain DEX markets to hunt for top crypto gainers today.
Bitcoin (BTC) could post 60% gains before the year’s end, while other major altcoins might do even better.
But some crypto traders are chasing much larger and faster gains.
That’s why they flock to the on-chain DEX markets, where promising new tokens frequently post rapid 20-50x gains.
Of course, DEX markets are exceedingly risky. Many new tokens are scams, or pump-and-dump schemes.
But the promise of getting rich quick is a strong draw for traders, who often use tools like DEXScreener to find trending coins.
Here are some top crypto gainers today they will be watching.
Top Crypto Gainers Today – Which Are They?
Sendr (SENDR)
A promising new smart-payment protocol called Sendr (SENDR) just launched and has already clocked gains of over 8,000% in under 24 hours.
Per DEXScreener, its market cap was still last around $500,000, with around $100,000 in locked liquidity.
The token already has the backing of a few well-known callers.
$SENDR ranging beautifully around 300k market cap
Cheap right now, but not for long!
Don’t fade $SENDR, don’t fade drae
Their branding and tech is immaculate @sendrcoin https://t.co/vRKf3vCF0e pic.twitter.com/fCmtcVRsaT— Drae
(@drae_drae22) October 15, 2024
The protocol looks very promising and could have 20-50x potential.
That said, investors must do their own research before getting involved, as DEX markets are very risky. New DEX tokens can crash just as easily as they can pump.
Those interested in an alternative way to make big returns on new Ethereum coins should check out Cryptonews.com’s list of the best new Ethereum meme coins right now.
IZZY (IZZY)
The next name on the top crypto gainers today list worth mentioning is a new Solana meme coin called Izzy (IZZY).
Themed after Matt Furie’s dog, Izzy was last up 8,000% in 24 hours, reaching a market cap of $15 million per DEXScreener.
But this crypto is an example of a coin that might be a pump-and-dump.
It already rallied to a market cap near $30 million before crashing 90%. The current rally could be merely a dead-cat bounce.
Megs_io (MEGS)
Finally, another Solana token called megs_io (MEGS) is up just under 300% in 24 hours, reaching a market cap of $3.7 million per DEXScreener.
The allegedly community-owned coin isn’t particularly popular with DEXScreener users.
Its has over 300 red flag emoji votes, suggesting there is a lot of suspicion it could be a rug pull.
The post Top Crypto Gainers Today on DEXScreener – SENDR, IZZY, MEGS appeared first on Cryptonews.