Top Crypto Gainers Today on DEXScreener –

cryptonews.com:

As bullish momentum returns to the crypto market on Monday and Bitcoin (BTC) eyes a retest of its all-time highs, traders looking to turn a quick profit are flocking to the on-chain micro-cap markets as they hunt for top crypto gainers today.

Blue-chip crypto markets are pumping on Monday, with Bitcoin up over 2% and trading above $71,500. Ether (ETH) is up close to 8% in 24 hours, as per CoinMarketCap to the mid-$3,600s.

A pump in the prices of major cryptocurrencies can trigger an uptick in risk-taking activity on on-chain microcaps.

That’s because crypto investors holding blue-chip cryptos all of a sudden have more capital to play with. And they may be anticipating that outperformance in the blue-chip markets translates into upside in the on-chain market.

For reference, on-chain markets refer to the market for digital assets that have been issued directly on top of an existing blockchain.

For example, the Shiba Inu (SHIB) token is issued on Ethereum as an ERC-20 token.

These tokens can then be traded on decentralized exchanges (DEX) and perhaps on centralized exchanges if they get big enough.

They are often referred to as meme coin (or shitcoin) markets and virtually anyone can issue a token at any time.

As a result, these on-chain markets are replete with scams and pump-and-dump schemes.

But shitcoin markets are the only place to find tokens that can rally in the 50-100x region.

Here are a few of the top crypto gainers today on Ethereum that traders will be monitoring, as per DEXScreener.

A newly launched shitcoin called TNSR (TNSR) is pumping hard on Monday.

It is up over 1,000,000% since its launch, as per DEXScreener. It also has $1.2 million in locked liquidity, though its market cap is still small at $117,000.

Traders