Biggest Crypto Gainers Today on DEXTools – XDOGE, EMOTI, MOONY
The bullish momentum in the crypto market has stalled somewhat on Friday as major coins like Bitcoin (BTC) and Ether (ETH) run into important short-term resistance levels.
Bitcoin was last in the $26,400s, still up nicely for the week, but slightly lower on Friday after the cryptocurrency failed to get above a downtrend from the early August highs.
Ether, meanwhile, was last near $1,620 having failed to break above its 21DMA.
A further dump of generally strong US economic data on Friday (the Empire State Manufacturing Index and Industrial Production reports both exceeded expectations), which comes after Thursday’s strong Retail Sales figures and hotter-than-expected inflation numbers from earlier in the week, have pushed US yields back towards multi-decade highs.
That’s triggering downside in the US stock market, with traders betting on higher interest rates for longer from the US Federal Reserve, which is also likely weighing somewhat on crypto sentiment on Friday.
With major coins stuck below key resistance levels amid macro headwinds, traders continue to turn to the shitcoin/meme coin markets for better trading opportunities.
Here are some of the best-performing low-cap coins on Friday, as per DEXTools.
A new Dogecoin copycat called XDOGE ($XDOGE) is pumping on Friday after a strong start to life on Thursday.
As per DEXTools, the shitcoin is up more than 400% in the last 24 hours, making it a top performer.
$XDOGE’s market cap was last just over $300,000, with liquidity of around $240,000 and impressive 24-hour trading volumes of around $1.7 million.
The token has now been able to accumulate nearly 450 holders.
While DEXTool’s security audit hasn’t identified any problematic aspects to the token’s contract, the fact that
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