While blue-chip cryptocurrency markets are choppy on Tuesday as US market participants return from a long weekend, the biggest crypto gainers today on Uniswap are $BABY, $MONKEYS and $SMILEY.
Small-cap cryptocurrencies almost always take the mantle for the biggest crypto gainers each day.
That’s because their low level of liquidity means that relatively small buy pressure can easily result in fast exponential gains.
As the broader crypto market attempts to pick up following the recent bearish “sell-the-fact” reaction to spot Bitcoin ETF approval last week, traders are turning to these low-cap markets for opportunities.
Here are some of the biggest crypto gainers today on decentralized exchange (DEX) Uniswap.
Biggest Crypto Gainers Today on Uniswap
Dancing Baby ($BABY)
A meme coin called Dancing Baby ($BABY) that launched last October but never really caught on has exploded into life.
As per Uniswap, $BABY is up over 4,400% on Monday, making it one of the biggest crypto gainers today.
According to DEXTools, the token’s market cap was last just over $900,000, with around $130,000 in locked liquidity.
Given it’s been around a little while now, $BABY probably isn’t a scam, but investors should be cautious nonetheless.
Another meme coin called Monkeys ($MONKEYS) has seen an impressive 850% pump on Tuesday, making it one of the biggest crypto gainers today on Uniswap.
As per DEXTools, the token has a market cap of around $2.25 million and locked liquidity of around $275,000.
It also has over 3,000 holders.
But it does have three concerning aspects to its smart contract, as per DEXTools’ security audit.
Another shitcoin called Smiley ($SMILEY) has pumped up 800% in 24 hours as per Uniswap.
The token’s market cap was last around $14 million, with $2.5 million in partially locked liquidity and close to 4,500 holders, as per DEXTools.
$SMILEY has also been around since last August and has no smart contract alerts, as per DEXTools.
That means it’s unlikely to be a scam.
Crypto Alternatives to Consider
Bitcoin can offer huge potential upside.
But crypto investors should always be on the lookout to diversify their holdings.
For those looking to add some beta to their portfolios, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.
This is where investors buy the tokens of upstart crypto projects to help fund their development.
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
Here is a list of 15 of what the project deems as the best crypto presales of 2023.
See the 15 CryptocurrenciesDisclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilize affiliate links within our content, and receive commission.
Read the full article here