Its was a day of consolidation for major cryptos on Thursday, with Bitcoin (BTC) hovering in the $67,000 region whilst top crypto gainers today in the DEX markets continued to pop.
Macro developments remain a tailwind to the market, suggesting further upside is likely.
Pro-crypto US Presidential candidate Donald Trump continues extending his lead in the polls and betting markets, and US economic data is strong but the Fed is expected to continue easing.
Uptober could be about to arrive in full force, though the top crypto gainers will remain names in the DEX markets.
Low cap coins frequently experience huge price surges owing to their low liquidity levels.
Indeed, the prospect of gong from rags to riches after finding a 100x gem the main reason why traders venture to the dangerous DEX markets.
Volatility isn’t the only danger – scams and pump-and-dump tokens are highly prevalent.
Traders must do their own research before buying any new DEX coin and must not risk more than they can afford to lose.
Tools like DEXScreener are some of the most popular used by traders looking for trending coins.
Here are some top crypto gainers today they will be monitoring.
Top Crypto Gainers Today – Which Are They?
New Solana meme coins have dominated in the past 24 hours, with Truth Terminal’s Girlfriend (SYDNEY) one of the best performers.
SYDNEY was last up 10,600%, reaching a market cap of $6.7 million and with $420 million in locked liquidity.
Its community page on X already has 686 members, and the coin appears popular amongst DEXScreener users.
The token has 693 rocket emoji votes or just 56 red flag emoji votes.
Of course, this doesn’t mean it’s a safe investment. Traders must always be exceedingly cautious in DEX markets.
Elsewhere, AI Crystal Node (AICRYNODE) and Catana (CATANA) are also top crypto gainers today.
AICRYNODE was last up around 7,000% in the past 24 hours, reaching a market cap of $4.2 million amid $27.8 million in trading volumes.
The AI token claims to be building some sort of AI network and does appear to be getting some genuine social media buzz.
CATANA, meanwhile, is up just over 5,000% in 24 hours to reach a market cap around $3.0 million.
The positive performance of major cat meme coins recently suggests that CATANA could be one to watch.
Better Alternative to Consider
But all of these top crypto gainers today are very risky – their volatility means that traders could be susceptible to FOMO, and make a bag investment decision.
Perhaps a safer way for investors to gain exposure to high-upside potential projects would be to invest in meme coin presales.
Presales have big advantages over micro-cap DEX coins.
Firstly, a presale provides funds for exciting product development to occur and for marketing.
Secondly, presales normally run for at least a few weeks, giving investors plenty of time to do their research before getting involved.
Analysts at Cryptonews.com keep a close eye on the meme coin presale market. Here are some of their top picks.
18+ Best New Meme Coins to Buy in October 2024
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