Following a bearish day of price action amongst blue-chip cryptocurrencies, traders looking to turn a quick profit are flocking in droves to the on-chain micro-cap markets as they hunt for top crypto gainers today.
Bitcoin (BTC) fell back from Monday’s highs near $73,000 to under $69,000 as of late Tuesday trade.
Profit-taking as Bitcoin tested the upper bounds of its recent multi-week range appeared to be at play.
With CPI coming up later this week and the halving in 11 days, traders appear to lack the conviction to chase the BTC price higher above $70,000.
Other major altcoins also fell alongside BTC on Tuesday. Ether was last down 5.5% in 24 hours, while Solana (SOL) was down 4.6%.
With major cryptos trading bearishly, traders have instead been turning to the highly illiquid on-chain micro-cap markets.
Web3 projects and protocols frequently launch tokens at a steep discount, allowing an opportunity for investors to get in early.
Thanks to their low liquidity and market caps, new coins can often see 10x or more gains in 24 hours.
Of course, on-chain markets are replete with scam tokens and rug pulls – anyone can launch a token, meaning there is little to no barrier for scammers to create tokens.
It’s crucial that investors always do their due diligence before investing in any tokens or project.
That being said, here are some of the top crypto gainers today that traders will be watching, as per DEXScreener.
Top Crypto Gainers Today
Brick Block (BRIDGEBLOCK)
Real Estate tokenization token Brick Block (BRIDGEBLOCK) is up 150,000% in the past 24 hours.
That according to DEXScreener, which puts its market cap at $8 million. The token has seen $2.8 million in 24-hour trading volumes and has $425,000 in liquidity.
But traders must be cautious. Go+ Security has identified three issues with the token’s smart contract.
RunesBridge (RB)
Just launched inter-blockchain bridging protocol RunesBridge (RB) has pumped hard since its Tuesday launch.
Its market cap was last $7.5 million, as per DEXScreener, which puts its liquidity at $650,000.
The token has five concerning issues, as per Go+ Security. That includes that the token’s ownership is yet to be renounced, and transfers remain pausable.
RB could easily be a scam, so traders need to be careful.
LANDWOLF (LANDWOLF)
A new meme coin launched last week called LANDWOLF (LANDWOLF) is up over 1,150% in the past 24 hours.
As per DEXScreener, its market cap was last around $4.3 million, with $282,000 in locked liquidity.
Crypto Alternatives to Consider
Investing in low-cap shitcoins is a very risky strategy.
An innocent-looking project could easily be a scam, and a few big sell orders could easily drive the price 80% lower.
A strategy that is still risky, but arguably has a better risk reward is getting involved in crypto presales.
The idea is that investors secure tokens of up-and-coming, high-potential crypto projects/protocols at a discounted early price.
These projects then put those funds to work, paying for protocol development and marketing.
While lots can go wrong when investing in crypto presales—unforeseen circumstances can prevent a project from delivering on its vision—savvy presale investors routinely secure gains of 10x or more.
With hundreds of presale projects vying for investor funds, analysts at Cryptonews have been combing the market.
Here are 14 of the presale projects with the highest potential.
See the 14 Cryptocurrencies
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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