Among the top crypto gainers in recent times, Bitcoin has shown resilience and strength in recent days, and looks to be staging a potential comeback.
After touching a low of $56,616 on July 12, Bitcoin has surged over 20%, trading at $65,1494 at press time, reflecting a positive impact on the general crypto market.
$BTC
We gained our range high but then we flushed away the entire impulse. That’s weak. Looking for a scalp long if we can gain the red box here
$56k is also a good liquidity area to look for longs. Don’t overtrade. Wait for triggershttps://t.co/wkKSwc0aCK pic.twitter.com/Dj3YB4iHHM
— TraderJqrit (@TraderJqrit) July 12, 2024
The global cryptocurrency market capitalization has also climbed to approximately $2.39 trillion, marking a 1.68% increase over the past 24 hours. Trading volumes saw a significant boost, surging to $88.68 billion.
These figures have led to growing interest and engagement within the cryptocurrency market, with both on-chain and retail investors actively participating in the current rally.
Overall, let’s turn our attention to some of the top crypto gainers in the on-chain market as highlighted by DEXScreener
$PONKE (PONKE)
$PONKE is a newcomer to the Solana ecosystem and has quickly gained traction with its unconventional theme.
The token’s mascot illustrates impulsive gambling behavior associated with Solana on-chain traders, popularly referred to as Degen, a short term for degenerates.
The $PONKE token currently trades at $0.609, representing a 28.98% increase in the last 24 hours.
The token’s market cap is 312.2 million, with $6.7 million in liquidity and approximately 52,000 holders.
Social media buzz around $PONKE has intensified recently, particularly on crypto Twitter, where Degens markets the $PONKE meme and ticker on the timeline to get the attention of other traders.
$PONKE new ATH.
0.80$ is the next price target now.
The pump is disgustingly explosive.
I won’t stop till $PONKE reaches a 5 billion dollar market cap.
At 5 billion I will publicly buy a yellow Lamborghini and will print a $PONKE face on the wing doors.
This is the… pic.twitter.com/uNOyE7VoDN
— gamblr.sol (@gamblr_x) July 16, 2024
Nevertheless, It is important to acknowledge that memecoins like $PONKE are known for their volatility and sensitivity to social media trends and community sentiment, which can result in rapid price fluctuations.
$GME (GameStop)
$GME is an innovative meme coin on the Solana blockchain that draws inspiration from the infamous GameStop stock saga.
This token pays homage to the retail investing phenomenon that shook Wall Street, reliving the spirit of the original GameStop (GME) stock within the crypto space.
Just as the GameStop stock gained attention through the efforts of retail investors, including influential figures like “Roaring Kitty” (Keith Gill), the $GME token on Solana benefitted from similar grassroots energy in the crypto market.
The $GME token has been one of the top crypto gainers according to Dexscreener after it surged 26.38% in the past 24 hours surged 26.38% in the past 24 hours.
Its market capitalization stands at $49.9 million, with $4.2M in liquidity and 51,823 holders, indicating substantial market interest.
The project’s social media presence, including its X (formerly Twitter) account with 40,500 followers, has been active.
However, potential investors should approach $GME with caution, recognizing that while it capitalizes on the fame of the GameStop saga, its performance in the crypto market may not mirror that of the original stock.
$MUMU (Mumu the Bull)
The $MUMU token, featuring Mumu the Bull as its mascot, has recently captured attention as one of top crypto gainers in the decentralized exchange (Dex) market.
This character is portrayed as a symbol of bullish market sentiment, embodying the optimism and excitement associated with upward price trends.
Mumu the Bull has been playfully dubbed the “hero behind positive price action everywhere,” resonating with traders and investors who celebrate market upswings.
With 45,004 holders, $MUMU is currently priced at $0.00003543 per token after reaching a new all-time high of 92.5 million market cap and experiencing a 19.16% increase in the last 24 hours.
While $MUMU’s cheerful approach has fueled its growth, it is important to note that the success of such projects often depends on maintaining user engagement and adapting to changing market conditions.
$MUMU broke ATH today, few seconds shy away from 90 million Mkt cap.
When 100MM? pic.twitter.com/PseVHPZMyM
— H0DL (@hodl_CT) July 17, 2024
Investors should be aware that meme-inspired tokens like $MUMU can be subject to high volatility, especially as market sentiments shift between bullish and bearish phases
Crypto Alternatives to Consider
Our review focused on the top crypto gainers listed on DEXScreener, which have shown positive growth. However, due to their susceptibility to fraudulent activities, it is crucial to exercise caution when trading these assets.
If you’re interested in investing in low-cap tokens with meaningful use cases, consider token presales for their affordable prices and early access.
CryptoNews analysts closely monitor the presale market to identify promising projects. This month, they’ve compiled a list of the best presale tokens to consider for potential returns.
Remember, while these tokens show promising gains, the cryptocurrency market is highly volatile. Always conduct your own research and invest responsibly.
14 Best Crypto Presales to Invest In Now
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