Top Crypto Gainers Today on DEXScreener – MF, SRC, $OCCER
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
On a day where major cryptos remained subdued close to weekly lows, traders instead turned to on-chain DEX markets in their hunt for top crypto gainers today.
Even on a good day for the broader crypto market, the top crypto gainers on any given day are normally to be found in the DEX markets.
That’s because the cryptos trading on DEXs on blockchains like Ethereum and Solana are usually very illiquid.
And that means that a relatively small amount of buy or sell pressure can result in big price swings.
On-chain DEX markets have a strong appeal to traders, given stories of traders posting 100x or more gains and getting rich from a small investment.
But readers must remember that these occurrences are exceedingly rare.
More likely, a trader will get caught on the wrong side of extreme volatility. Or, worse yet, the coin they are trading may end up being some sort of scam/pump-and-dump scheme.
With that being said, here are some top crypto gainers today on DEXScreener that traders will be monitoring.
MakeFrens (MF) is the first notable name on the top crypto gainers today list.
It was last up over 85,000% in the past 24 hours, per DEXScreener, its market cap at $4.9 million.
The new Ethereum meme coin launched earlier in the day, but has already amassed $800,000 in trading volumes, not bad.
But its liquidity is less than 10% of its market cap at $440,000.
A small amount of sell pressure could trigger a big reversal. MF also has a 5% buy-and-sell tax.
The top crypto gainer today worth mentioning is Screaming Rubber Chicken (SRC), which has
Read more on cryptonews.com
