Top Crypto Gainers Today on DEXScreener – FOUR, EGG, LABUBU
As major cryptocurrencies stabilize on Friday, but Bitcoin (BTC) remains wedged below key levels of short-term resistance and the market’s near-term outlook thus remains uncertain, impatient traders are turning to the risky on-chain markets as they hunt for top crypto gainers today.
Bitcoin remains stuck below its 200DMA and a downtrend from the June highs.
But Bitcoin could soon rally, with sell pressure from the German government now over, per on-chain data.
Germany has sold all 50,000 of its bitcoin. pic.twitter.com/5AlgBfxXXl
— Joe Consorti ⚡️ (@JoeConsorti) July 12, 2024
The German state of Saxony dumped 50,000 BTC it confiscated earlier this year in the last few weeks.
But any rally won’t be coming until Bitcoin is able to break above $60,000 on a sustained basis.
So, as they await for greater certainty in blue-chip crypto markets, traders are turning to riskier markets for quick gains.
And no market in crypto is able to deliver fast gains as easily as the on-chain markets.
New meme coins and tokens are launched on blockchains like Ethereum and Solana everyday.
The majority are scams or pump-and-dumps. But, even if they were created with dishonest intentions, some of these coins can post quick 10, 20 or even 100x gains.
That being said, here are some of the top crypto gainers today in on-chain markets, as per DEXScreener.
A Base meme coin called Four (FOUR) is up 16,000% in the past 24 hours, per DEXScreener. That makes it one of the top crypto gainers today.
That’s taken the token’s market cap to $2.4 million, with trading volumes nearing $1 million.
FOUR’s X account looks very basic, and the token has little other social information.
It also has various issues with its smart contract, as per Go+
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