Major cryptocurrencies started the weekly strongly, with Bitcoin (BTC) blasting back to $66,000 following a 5.5% rise in 24 hours, but the top crypto gainers today were all to be found in the on-chained DEX markets, which saw explosive moves as ever.
As pro-crypto US presidential nominee Donald Trump takes a commanding lead in the US election betting odds and polls, market sentiment has been ramping up.
Optimism surrounding economic stimulus in China and the ongoing Fed rate-cutting cycle, expected to boost liquidity conditions and economic growth worldwide, are likely also at play.
Uptober may have finally arrived.
But crypto degens looking to book quick exponential gains continue to flock to the on-chained DEX markets.
New tokens are launched every day, and some will experience 50x gains, or more, in as little as a few hours.
Of course, traders must remember that on-chain markets are replete with scams, rug pulls and pump-and-dump schemes.
Traders often turn to 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?
Miharu (MIHARU)
A new Solana meme coin based on a cute smiling dolphin called Miharu (MIHARU) is one of the top crypto gainers today, having gained 570% in the past 24 hours per DEXScreener.
That has taken the cryptos market cap to an impressive $4.8 million, though that rise has only been driven by around $400,000 in trading volumes.
That, plus the meme coin’s low liquidity of only just over $200,000, suggests the price could quick crash 90% or more if sell pressure ramps up.
DeepBook Token (DEEP)
A Sui liquidity protocol called DeepBook Token (DEEP) has enjoyed an impressive first day of trade.
Per DEXScreener, DEEP is up 230% in the past 24 hours, reaching an impressive market cap of $240 million.
This token appears pretty legit, with a big following on X and a lot of hype.
The rapid growth of the Sui network suggests it has a lot of upside potential.
Of course, traders must do their own due diligence before investing and not risk more than they can afford.
Klaus (KLAUS)
The final name worth mentioning on the top crypto gainers today list is an Ethereum meme coin called Klaus (KLAUS).
Per DEXScreener, KLAUS is up 255% in the past 24 hours, reaching a market cap of close to $20 million and liquidity of around $500,000.
KLAUS was launched five days ago and has maintained decent momentum.
That’s a good sign that 1) this coin isn’t a scam or pump-and-dump and 2) it has some longevity potential.
It’s certainly getting a lot of buzz on social media, and has a good emoji vote score on DEXScreener.
But again, traders must avoid FOMOing in without doing their proper research.
Indeed, FOMO is a major risk in DEX markets.
One way to avoid this but get into high-potential meme coin projects at their earliest stage is to invest in meme coin presales.
Analysts at Cryptonews.com keep a close eye on the meme coin presale market.
Here are some of their top projects for this October.
18 Best New Meme Coins to Buy in October 2024
The post Top Crypto Gainers Today on DEXScreener – MIHURA, DEEP, KLAUS appeared first on Cryptonews.
