Top Crypto Gainers Today on DEXScreener – SA, HM
As major cryptos struggle with elevated price pressures on Thursday as US equity markets continue to struggle amid the hang-over of recent poor earnings, crypto traders are turning to more speculative on-chain markets as they hunt top crypto gainers today.
Bitcoin (BTC) was last in the mid-$64,000s, down over 1%. Ethereum (ETH), meanwhile, was down over 6% and threatening a break below $3,100.
The crypto appears to be suffering a sell-the-fact reaction to its ETF launch this week. Big outflows from Grayscale newly converted Ethereum ETF aren’t helping.
Second day of the Ethereum ETF –> big outflow.
Why?
Grayscale's Trust.
The outflow of $800 million is currently comparable to 8% of the actual trust.
Once this massive amount of outflow stagnates or goes sub $100 million, the markets are reversing up. pic.twitter.com/qFSpeGy7Wg
— Michaël van de Poppe (@CryptoMichNL) July 25, 2024
Markets could rebound this weekend depending on how US inflation goes on Friday, and commentary on crypto from US Presidential candidate Donald Trump on Saturday at a major Bitcoin conference.
But until then, things might remain rocky. Its no surprise then that traders continue turning to more speculative markets as they hunt for top crypto gainers today.
Crypto degens are launching new meme coins and shitcoins on blockchains like Ethereum and Solana every day.
Most never gain traction. But some can post quick 100-200x gains, enriching early investors.
That’s why there is clamour amongst traders to try and indentify and get in early on trending coins.
Traders frequently use platforms like DEXScreener to indentify top crypto gainers today.
One strong gainer is a new shitcoin called Save America (SA).
The new meme coin, which is themed on a
Read more on cryptonews.com
