Biggest Crypto Gainers Today on DEXTools – HUTAO, $PAAL, HOPPY
Major blue chip cryptocurrencies for the most part remain within this week’s ranges, with bitcoin (BTC) in the low $29,000s and ether (ETH) in the mid-$1,800s, as traders continue to digest Wednesday’s Fed policy announcement.
The Fed lifted interest rates by 25 bps as expected to 5.25-5.5%, their highest level in 22 years and left the door open to further interest rate hikes, depending on incoming economic data.
The crypto market reaction was muted, with traders now assessing whether bitcoin will be able to hold above its 50-Day Moving Average at $29,200
With price action in blue chip crypto markets subdued, degens unsurprisingly continue to hunt for volatility and the prospect of short-term gains in the meme coin/shitcoin market.
Here are some of the top-gaining Ethereum-based coins of the day, as per DEXTools.
A crypto project called Hu Tao Spirit Soother that says it will feature a variety of fun and engaging content, including memes, videos, and games launched its native HUTAO token on Thursday and it has been pumping.
HUTAO was last trading just above $0.000014, up nearly 6x versus its decentralized exchange (DEX) launch price of $0.0000025.
Up 350% on the day, $HUTAO tops DEXTool’s best performers list and now has a market cap of around $650,000.
As per DEXTools, the token has amassed 129 holders and seen trading volumes of around $640,000 in the last 24 hours.
Despite having a DEXTscore of 99/99 and a 97% up vote rating on the platform, meme coin degens should be wary of $PAAL, the token of project PAAL AI.
The project claims to be an advanced AI ecosystem built to streamline tasks that require human intellect.
But its token contract involves a 4% buy and sell tax, and as per DEXTools, this can be changed at the token
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