Top Crypto Gainers Today on DEXScreener – Nailong, FLOOS, CHOW
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...
As major cryptocurrencies nervously await Israel’s response to Iran’s missile attack on Tuesday and important US economic data coming up later this week, crypto degenerates are flocking to the always volatile on-chain DEX markets on the hunt for top crypto gainers today.
Bitcoin (BTC) was roughly flat in the $61,000 area over the past 24 hours, per CoinMarketCap.
Most other major meme coins, meanwhile, were trading in the red.
Solana (SOL) was down 3%, Ethereum (ETH) was down 3.6% and XRP (XRP) was down 11.5% over the same time period.
Regarding the geopolitical situation, things are likely to get worse before they get better.
“Iran’s attack is a severe and dangerous escalation. There will be consequences…We will respond wherever, whenever and however we choose, in accordance with the directive of the government of Israel.”
Watch IDF Spokesperson RAdm. Daniel Hagari regarding Iran’s large-scale… pic.twitter.com/A8pyC7eawI
Indeed, risks seem tilted strongly towards a major Israel/Iran war breaking out – Israel is expected to respond powerfully, prompting a new response from Iran.
And the tit-for-tat blows could quickly escalate into full-blown conflict.
So even if US economic data is strong this week, pushing back against US recession fears, major crypto prices could well decline further.
That could reflect the growing risk that a major Middle Eastern war disrupts global oil and gas flows, which could itself cause a global recession.
With hopes for a strong “uptober” seemingly up in smoke, its no wonder that traders are flocking to
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