On days when the crypto market consolidates, and Bitcoin (BTC) pumps following the news of favorable US economic data, it is customary for the crypto market to see major altcoins struggle. In this case, savvy traders shift their focus to the day’s top crypto gainers and surf through tools like DEXScreener to find big movers coasting through on-chain markets.
The anticipation of the US CPI and Federal Open Market Committee’s (FOMC) interest rate decisions have favorably affected the stocks and the crypto markets. According to data released, the month-on-month CPI is unchanged, while the year-on-year tally is 0.1% lower than the forecast.
At press time, Bitcoin is trading at $68,713 after recovering from $66,334, a 4% increase in 24 hours. Ethereum (ETH) is trading in the range of $3,555, while SOL, BNB, DOGE, and ADA are up by 2.04-2.8%.
With blue-chip assets not likely to excite much due to their prices, many traders are on the hunt for alternatives.
On-chain markets offer short-term profit potential but come with risks. Traders use tools like DEXScreener to identify the top crypto gainers today.
Investors must remember the risks that accompany such markets, however. Anyone can issue a coin in the on-chain market and nearly all new coins issued are potential pump-and-dump schemes.
Here are today’s top crypto gainers, according to DEXScreener.
A newly launched meme coin called $BOOTY on the Solana blockchain, which is dubbed the popular Kim Kardashian, is pumping really hard.
The new Solana meme coin is up over 23,400% since launch, as per DEXScreener.
That pump has seen its market cap hit $564.5 million, and the token also has nearly $67,000 in locked liquidity.
The token does not have any observable smart contract or Go+ Security
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