Biggest Crypto Gainers Today on DEXTools – UNV, SPEPE, HAMMER
Despite much hotter-than-expected US jobs numbers released earlier on Friday, Bitcoin (BTC) is having another go at pushing back above the $28,000 level and its 100 and 200DMAs.
The world’s first and largest cryptocurrency by market capitalization initially fell following the data, but has since reversed around 3% higher versus its earlier session lows in the $27,100s as US yields and the US Dollar Index (DXY) pull back from recent highs.
Perhaps the strong jobs data has triggered fears that the Fed will become overconfident about the strength of the US economy and raise interest rates to high for too long, thus causing a recession.
The strong rebound from session lows means Bitcoin looks like its in the mood to continue moving higher within the uptrend that has been dominant since mid-September.
A break to the north of the 200DMA and then the support-turned-resistance zone at $28,500 could open the door to a swift move back above $30,000, meaning a good possibility of quick 7-8% gains.
While the short-term outlook for BTC is good, traders wanting to turn a quicker profit will continue to turn to the highly illiquid shitcoin/meme coin market, where tokens routinely see exponential intra-day moves.
Here are some of the best-performing low-cap coins according to DEXTools.
A token called Unvest ($UNV), which claims to power a multi-chain platform that helps its users securely trade their locked (or vested) tokens, has seen an explosive more than 500% move higher on Friday amid a spike in trading volumes to more than $500,000 in the last 24 hours, as per DEXTools.
The token last had a market cap of close to $4 million, over 1,400 holders and over $150,000 in liquidity.
Despite having no concerning aspects to its token contract, $UNV
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