Top Crypto Gainers Today on DEXTools – BABYSTRK, HUSKY, DRAI
With the bulls clearly still in control of the broader crypto market, traders hunting for top crypto gainers today continue to flock to on-chain shitcoin markets in the hope of turning quick exponential profits.
Bitcoin (BTC) has been pumping hard in the weeks since the launch of US spot Bitcoin ETFs.
BlackRock’s IBIT ETF has been leading the charge, and set a new volume record on Thursday.
$IBIT had almost $4 billion in volume today.
Some crazy numbers.
Today was one of the highest volume days since #Bitcoin ETFs were launched. pic.twitter.com/nWjWMEW2RH
— Rajat Soni, CFA (@rajatsonifnance) March 14, 2024
Indeed, volumes have been swelling exponentially in the past few weeks. March volumes have already crushed January and February volumes, Bloomberg ETF analyst Eric Balchunas reported.
Here's monthly volume for the ten btc ETFs. March is only half over but has already smashed the numbers from Feb and Jan w/ $65b. pic.twitter.com/UpZ6pFgQgt
— Eric Balchunas (@EricBalchunas) March 14, 2024
As institutional money continues to poor in, Bitcoin could yet hit $100,000 before the April halving.
That means it could easily see gains of 50% from here.
But that’s nowhere near enough for many traders, who are looking to secure gains in the 50-100x region.
And the only place where a trader has any real shot of making such gains is by finding a diamond in the rough in the on-chain shitcoin markets.
On-chain markets refer to the market for digital assets that have been issued directly on top an existing blockchain.
For example, the Shiba Inu (SHIB) token is issued on Ethereum as an ERC-20 token.
These tokens can then be traded on decentralized exchanges, and also perhaps on centralized exchanges if they get big enough.
They are often referred to as
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