Biggest Crypto Gainers Today on Uniswap – FERC, GROK, DORK
Cryptocurrency markets are trading with a positive bias on Wednesday, with altcoins continuing to push higher as Bitcoin (BTC) consolidates just to the north of the $35,000 level as bulls eye a potential retest of recent highs in the $36,000 area.
The BTC price was last up around 1.7% in the past 24 hours, while the likes of XRP (XRP), Solana (SOL), Cardano (ADA) and Dogecoin (DOGE) were all up between 3-6% over the same time period.
Toncoin (TON), Chainlink (LINK) and Polygon (MATIC) are seeing even more impressive gains, up 8-11% each.
Observers have noted that rotation into more speculative altcoins as the Bitcoin price consolidates in wake of its October pump is a sign that risk appetite in the crypto market remains strong and, indeed, that investors are upping their exposure to risk, signaling that traders are increasingly positioning for upside.
That’s no surprise given 1) ongoing optimism that spot Bitcoin ETF approvals are near, which should open the door to substantial institutional inflows into the space and 2) increasing bets that the Fed’s interest rate hiking cycle is over and rate cuts are near as the US economic data deteriorates.
While crypto markets seem positioned for more short-term upside, traders looking to book quick exponential gains continue to turn to the highly illiquid shitcoin/meme coin markets on decentralized exchanges (DEXs) like Uniswap.
Here are some of the top-performing ERC-20 tokens on the exchange.
A shitcoin called FairERC20 ($FERC) is up around 130% in the last 24 hours, according to Uniswap.
According to DEX data analysis website DEXTools, the token’s market cap was last around $1.5 million, with $150,000 in tokens trading hands in the last 24 hours.
The token last had liquidity of around
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