Biggest Crypto Gainers Today on DEXTools – GME, TAIZO, DERP
Bitcoin (BTC) has dipped back below $27,000, but is still trading in the green for the month and to the north of its 50-Day Moving Average (DMA).
September is usually one of the worst months of the year for Bitcoin, so this is a strong sign heading into October, a month that is typically much friendlier to the BTC price.
Whether Bitcoin can break back into the $28,000s and beyond its 200 and 100DMAs maybe be a key question for October.
Whilst technicals and seasonality may be on BTC’s side, macro remains a headwind with yields in major developed economies still close to multi-decade highs.
Looking at other blue chip crypto names, Ether (ETH) was last up a little over 1% on the day and trading in the $1,660s, while XRP was last up a little over 3.5% and trading in the $0.52s.
For now, blue chip crypto markets remain locked within recent ranges, so traders looking for a better prospect of near-term gains are likely to continue to turn to the highly illiquid shitcoin and meme coin markets for volatility.
Here are some of the best-performing low-cap coins, as per DEXTools.
A shitcoin called DumbMoney ($GME) has pumped nearly 8,000% in the last 24 hours, making it the top-performing shitcoin as per DEXTools.
The shitcoin appears to be a mikey take of GameStop, whose NYSE ticker is $GME, and a means of calling GameStop “dumb money”.
Its market cap was last around $2.4 million, with around $140,000 in liquidity and trading volumes of over $2.4 million in the past 24 hours.
According to DEXTools’ security audit, the token’s contract only has two alerts, but its unlocked liquidity means it could still be a rug pull.
A newly launched shitcoin called Taizo Hori ($TAIZO) is already up 550% since its launch earlier in the day, and has already
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