Connect with us

Hi, what are you looking for?

Investing

Top Crypto Gainers Today on DEXScreener – VDZ, SHIV, DCI

Traders use platforms like DEXScreener to find the top crypto gainers today. Source: DEXScreener’s X Account

With major cryptos likes Bitcoin (BTC) and Ether (ETH) consolidating close to two-week highs in the $70,000 and $3,600 areas, traders are turning to the on-chain shitcoin markets to find top crypto gainers today as they hunt for quick gains.

On-chain markets refer to the market for digital assets that have been issued directly on top of 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 (DEX), and also perhaps on centralized exchanges if they get big enough.

They are often referred to as meme coin (or shitcoin) markets and virtually anyone can issue a token at any time.

As a result, these on-chain markets are replete with scams and pump-and-dump schemes.

But shitcoin markets are the only place to find tokens that can rally in the 50-100x region.

Here are a few of the top crypto gainers today on Ethereum that traders will be monitoring, as per DEXScreener.

Top Crypto Gainers Today

Voidz ($VDZ)

Voidz ($VDZ) has been pumping hard since its launch two days ago.

As per DEXScreener, it was last trading with gains of around 135,000% in the past 24 hours.

$VDZ’s market cap was last around $10.8 million, with just under $600,000 in liquidity.

Whilst those are very impressive numbers for a recently launched coin, traders should exercise extreme caution.

$VDZ has various concerning aspects to its smart contract that suggest it could be a scam.

Its tax (currently 5% buy and sell) is modifiable and Transfers are pausable.

Shiva Inu ($SHIV)

Another recently launched shitcoin called Shiva Inu ($SHIV) is also pumping hard.

As per DEXScreener, it was up 65,000% in 24 hours, reaching a market cap of $2.7 million. It also has $224,000 in locked liquidity, reducing rug pull risk.

But this token also has some concerning smart contract aspects, such as a modifiable tax.

It’s crucial that shitcoin traders always do their due diligence. These are very dangerous markets.

Decentralized Cloud Infrastructure ($DCI)

Decentralized Cloud Infrastructure ($DCI) is up 13,000% since launching on Ethereum earlier today.

Its market cap has now reached close to $3 million amid $1 million in trading volumes. The token also has $427,000 in locked liquidity.

But its issuer retains the power to change the token’s tax. This means, at any moment, they could jack up the tax to 100% and essentially steal all investors’ tokens.

Crypto Alternatives to Consider

Investing in low-cap shitcoins is a very risky strategy.

An innocent-looking project could easily turn out to be a scam, and a few big sell orders could easily drive the price 80% lower.

A strategy that is still risky, but arguably has a better risk reward is getting involved in crypto presales.

The idea is that investors secure tokens of up-and-coming, high-potential crypto projects/protocols at a discounted early price.

These projects then put those funds to work, paying for protocol development and marketing.

While lots can go wrong when investing in crypto presales—unforeseen circumstances can prevent a project from delivering on its vision—savvy presale investors routinely secure gains of 10x or more.

With hundreds of presale projects vying for investor funds, analysts at Cryptonews have been combing the market.

Here are 14 of the presale projects with the highest potential.

See the 14 Cryptocurrencies

The post Top Crypto Gainers Today on DEXScreener – VDZ, SHIV, DCI appeared first on Cryptonews.

You May Also Like

Editor's Pick

Real gross domestic product rose at a revised 3.2 percent annualized rate in the third quarter versus a 0.6 percent rate of decline in...

Editor's Pick

In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale University Press, 2023), economists Liran Einav (Stanford), Amy Finkelstein (MIT),...

Editor's Pick

For years the North Korean playbook was obvious to the world. The Democratic People’s Republic of Korea wanted to be the center of attention....

Editor's Pick

On April 23, 1985, the Coca-Cola Company made one of the biggest mistakes in American business history: it changed the formula for Coca-Cola. Outraged...



Disclaimer: impactofincome.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 impactofincome.com