With major cryptocurrencies flat over the past 24 hours following a choppy day of trade, traders hunting for top crypto gainers today that might deliver them quick gains continue to flock to the highly volatile and illiquid on-chain micro-cap markets.
Bitcoin (BTC) was last trading in the upper $63,000s, having held above recent lows in the $61,000s.
The world’s largest cryptocurrency remains down by around 12% versus last week’s peaks near $73,000.
Concerns about Israel/Iran tensions and a fading likelihood of near-term Fed rate cuts continue to weigh on sentiment.
There wasn’t much by way of fresh geopolitical news on Tuesday. But Fed Chair Jerome Powell sounded hawkish, suggesting the Fed needs to wait longer before cutting.
Macro/geopolitical headwinds come as spot Bitcoin ETF flows moderate, and just days ahead of the halving.
Spot #Bitcoin ETF inflows have been slowing down significantly.
Should we be worried? pic.twitter.com/nB1PIIdfln
— Mister Crypto (@misterrcrypto) April 16, 2024
Some think the halving could trigger a sell-the-fact reaction in the BTC market.
Either way, Bitcoin isn’t likely to deliver quick gains right now. Nor are many other altcoins.
Its no surprise then that investors are flocking to the on-chain shitcoin markets, where coins are always pumping and dumping.
Indeed, on-chain markets are one of the only places where traders can turn 10x or more gains in one day.
Of course, with great potential for reward comes great risk. On-chain markets are highly volatile, highly illiquid, and replete with scams and pump-and-dump schemes.
Traders must always do their own research before investing and never risk more than they can afford to lose.
That being said, here are some top crypto gainers today on DEXScreener that
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