Top Crypto Gainers Today on DEXScreener – LEMON, MISHA, WAGIE
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
With major cryptos set to end the week with healthy gains in the wake of the start of a new Fed rate-cutting cycle, traders looking for top crypto gainers today are turning their focus to the volatile on-chain DEX markets.
The Fed just cut interest rates by 50 basis points.
Fire up the money printer too and we got a bull market on our hands.
Bitcoin (BTC), currently around $62,500, is currently on course to end the week at 5.7%.
Ethereum (ETH), meanwhile, is on course to post nearly 10% weekly gains.
But those gains pale compared to the gains seen by many much smaller tokens in the DEX markets.
Indeed, the top crypto gainers today or on any given day are almost always in the DEX markets.
That’s because low liquidity means a relatively small amount of buy pressure exerts huge upward pressure on prices.
Of course, the opposite is also true—DEX tokens can lose their gains just as rapidly as they gained them.
These are very risky markets, not least because most newly launched coins are almost always either scams or pump-and-dump schemes.
That being said, here are some top crypto gainers today according to the DEX analytics tool DEXScreener.
A new AI project called Lemonrocks (LEMON) has exploded higher since its launch on Thursday.
According to DEXScreener, its market cap was last around $16.8 million, and it had over $600,000 in locked liquidity.
Its 155,000% gain in the past 24 hours makes it one of the top crypto gainers today.
While LEMON looks like a legitimate project, investors must always be cautious.
The token has several
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