Biggest Crypto Gainers Today on DEXTools – BEAR, CAL, MANE
Bitcoin (BTC) is consolidating in the $26,600s on Friday, roughly in line with where it started the week as traders digest recent macro developments, like a further push higher in US yields to new multi-year/decade highs in wake of this week’s hawkish leaning Fed policy announcement.
The world’s largest cryptocurrency by market capitalization remains wedged close to the middle of a multi-week $24,750-$28,500ish range as markets assess the evolving macro backdrop (financial conditions remain tight) and themes such as institutional adoption and US crypto regulatory policy.
Ether (ETH), meanwhile, hasn’t been holding up so well and was last trading just under $1,600, over 2% down on the week, following this week’s failure to push back above the 21DMA, which has been acting as strong resistance in recent months.
Ether bears continue to eye a potential retest of summer lows underneath $1,550.
Subdued trading conditions in major blue chip crypto markets mean that traders continue turning to shitcoin and meme coin markets in the hunt for volatility.
Here are some of the best-performing low-cap coins, as per DEXTools.
A new shitcoin called The Bear ($BEAR) that only launched a few hours ago has seen an explosive start to life.
As per DEXTools, $BEAR is already up around 300% versus its DEX launch price and has already been able to attain a market cap of over $330,000 amid $1.6 million in trading volumes.
The token has over $300,000 in locked liquidity and no concerning aspects to its token contract, as per DEXTools’ security audit, suggesting the token probably isn’t a scam.
A shitcoin that launched on Thursday called Calcium ($CAL) has seen a big pullback from yesterday’s highs.
$CAL was last trading around $0.0045 per token, down from
Read more on cryptonews.com
