As major cryptocurrencies experience profit-taking after recent strong gains, there is an ongoing search for top crypto gainers among micro-cap shitcoins and meme coins. Bitcoin (BTC) and Ether (ETH) are both seeing losses, with BTC down over 2.5% and ETH down around 3.5%. Despite this, these major cryptos have seen impressive gains in the past 30 days, driven by optimism surrounding ETFs.
Micro-cap shitcoins and meme coins are known for their volatility, with the potential to rally 10x or plummet 90% in a single day. Investors looking for quick gains are eyeing up these market segments, hoping to capitalize on the extreme fluctuations in value.
Risky Investments in Trump-Themed Meme Coin and Others
Among the top crypto gainers today is a newly launched Trump-themed meme coin called Trump ($TRUMP), which has surged nearly 30,000% since its launch. With a market cap of around $4 million and $300,000 in liquidity, this coin has caught the attention of investors. However, caution is advised as there are five smart contract alerts identified by DEXTools.
Another notable gainer is Anonify ($ONI), a recently launched Telegram-based privacy-focused crypto exchange that has seen a 20,000% increase in 24 hours. While it has a market cap of $1.3 million and $174,000 in locked liquidity, investors should approach with caution given the 4% buy-and-sell tax.
ChainEx ($CEX), a newly launched shitcoin claiming to revolutionize DApps with account abstraction and ERC-4337, has gained 140% on Wednesday. With a market cap of $950,000 and over $200,000 in locked liquidity, it has a 99/99 score and four concerning aspects to its smart contract. Investors should be wary of the 5% buy-and-sell tax associated with this coin.
While investing in low-cap shitcoins is a risky endeavor, participating in crypto presales has the potential for high rewards. By securing tokens of promising crypto projects at a discounted early price, investors can potentially see gains of 10x or more. However, unforeseen circumstances can derail these projects, making presale investments a risky strategy as well.
Conclusion: Proceed with Caution
In the world of cryptocurrency investing, there is no such thing as zero risk. Whether it’s investing in low-cap shitcoins, meme coins, or participating in presales, investors should always do their due diligence. While the potential for significant gains exists, so does the risk of losing all invested capital. It is important to approach these investments with caution and to be aware of the volatile nature of the crypto market.