Major cryptocurrencies are trading on the back foot in early Wednesday Asia trade, so crypto degens hunting for top crypto gainers today are flocking to the on-chain DEX markets as they hunt for upside volatility.
It’s not uncommon for a new token to pump 20 or even 50x in one day in the DEX markets.
The prospect of potentially going from rags to riches is thus a major draw for crypto degens.
But they must remember – DEX markets are exceedingly risky. Most newly launched coins are either scams, rug-pulls or pump-and-dump schemes of some sort.
Investors are strongly advised to do their due diligence before getting involved with a project, and not to risk more than they can afford to lose.
Traders often utilize tools such as DEXScreener to find trending coins and top crypto gainers.
Here are some big movers that they will likely be watching.
Top Crypto Gainers Today on DEXScreener
An Ethereum meme coin called Smiling Dolphin (MIHARU) is one of the top crypto gainers today, having risen nearly 7,000% in 24 hours as per DEXScreener.
The surge comes in wake of a full community takeover of the coin on Tuesday.
Investors will be hoping the cute $5.5 million meme coin can become the next Moo Deng.
But MIHURA has a long way to go to match Moo Deng. For now, its X following is just 729.
But that’s a good start. This is a meme coin to watch.
Elsewhere, a Sui meme coin called LOOPY (LOOPY) is another one of the top crypto gainers today, up over 400% in 24 hours per DEXScreener.
LOOPY last had a market cap of $9.4 million, with $5.8 million in trading volumes over the past 24 hours, and $560,000 in liquidity.
Sui meme coins have been doing well recently, so investors will be hoping LOOPY can be a market leader.
The final name on the top crypto gainers today list worth mentioning is MEME (MPX6900).
The Solana meme coin is up 2,200% in 24 hours, reaching a $1.2 million market cap amid $5.2 million in trading volumes.
The meme coin markets itself as the original memecoin index.
Better Alternative?
The above-mentioned top crypto gainers today could all post significant upside, but come with massive risk.
One of the biggest risks traders make is that, amid the fast-paced price action, they fail to do proper due diligence.
Meme coin presales might be a better way to go – high-potential meme coin projects normally run their presales for a few weeks, allowing potential investors to do their research.
The risk of FOMOing into a bad investment decision is much smaller.
Readers can check out Cryptonews.com’s list of best meme coin presales as a starting point.
19 Best New Meme Coins to Buy in October 2024
The post Top Crypto Gainers Today on DEXScreener – MIHURA, LOOPY, MPX6900 appeared first on Cryptonews.
