Top Crypto Gainers Today on DEXScreener – RBOT, BRUNES, ALK
As Bitcoin (BTC) hovers just above the $64,000 level with the issuance rate halving just hours away and most other major altcoins trade with little by way of impetus, traders are turning to on-chain crypto market monitoring tools like DEXScreener as they hunt for top crypto gainers today.
On-chain markets refer to crypto assets issued and traded directly on the blockchain.
Ethereum, Solana, and BNB are the most commonly used chains by those issuing or trading on-chain tokens.
These on-chain markets are highly illiquid compared to centralized spot cryptocurrency exchanges or traditional financial markets.
The Halving is Coming. #Bitcoin pic.twitter.com/JCD677j4Md
— Michael Saylor⚡️ (@saylor) April 19, 2024
That makes them highly volatile. A newly launched coin can easily see gains of 100x in days as its market cap surges from the tens of thousands to millions.
Equally, a small amount of sell pressure can trigger huge price drops. And that’s not the only risk.
There is virtually no barrier to entry for someone to issue their own token. That means scammers flock to the on-chain crypto markets to attempt to scam unaware investors.
They can do this by inserting malicious code into the token’s smart contract that someone creates unfair trading conditions.
Alternatively, the token might be a pump-and-dump scheme. This is where the team behind a token builds up artificial hype to create demand, cashes in, and abandons ship.
One popular technique is for a token’s issuer to watch the ETH in the token’s liquidity pool rise as the token’s price pumps, only to withdraw and make off with this ETH abruptly.
That’s why many on-chain investors look for “locked liquidity,” which prevents such rug pull attempts.
All that being said, let’s take a look
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