Top Crypto Gainers Today on DEXScreener – ARKY, PEEPO, THREE
With blue-chip cryptocurrency markets recovering on Friday as macro traders price back in multiple rate cuts for 2024 following the latest US jobs report, traders looking for top crypto gainers today continue to turn to the highly illiquid and volatile on-chain markets for opportunities.
On-chain markets refer to the market for crypto tokens and assets issued directly on the blockchain.
For example, Shiba Inu (SHIB), crypto’s second-largest meme coin, was issued as an ERC-20 token on Ethereum.
It can be traded off-chain on centralized exchanges, but the “real” SHIB trade all occurs on Ethereum.
Wallets can send these tokens between themselves, or SHIB can be traded on decentralized exchanges (DEX).
There is virtually no barrier to anyone launching their own token on a blockchain like Ethereum.
That’s why new meme coins and shitcoins are popping up all the time. New coins often post fast exponential gains – this is why traders flock to the on-chain market. To try to hit the jackpot.
But in these highly illiquid markets, a token can lose virtually all of its value in next to no time.
And that’s not the only risk. Most newly launched tokens are either scams or pump and dump schemes and have no long-term value.
Traders must always do their due diligence before investing. And traders must never risk more than they can afford to lose.
That being said, here are some top crypto gainers today on Ethereum, according to DEX analytics tool DEXScreener.
Top Crypto Gainers Today
Arky (ARKY)
A new dog meme coin called Arky (ARKY), which claims to be named after the Bitcoin founder’s dog, is pumping.
Last up 15,300% as per DEXScreener, it’s one of the top crypto gainers today.
https://twitter.com/Arky_Coin/status/1786257974639661389
The token last had a market cap of around $630,000 with around $100,000 in locked liquidity.
The token has two issues with its smart contract, so traders should be careful. That being said, the community appears to like this coin.
ARKY has 82 rock emoji votes on DEXScreener versus only 3 shitcoin votes and 7 red flag votes.
PEEPO (PEEPO)
A shitcoin called PEEPO (PEEPO) that has been around for over a year has suddenly sprung into life.
Join our Telegram : https://t.co/ySsx5WIIVL
Buy the real $peepo easy on Bitget (CEX) :https://t.co/QYdXcE8MOD
==> You can do staking – 2%
Easy – faster – 100% safe
Buy on DEX :
0xaada04204e9e1099daf67cf3d5d137e84e41cf41 pic.twitter.com/NPsaEXCYzK
— $PEEPO – OFFICIAL ARMY
(@PEEPOCOIN_ARMY) April 23, 2024
As per DEXScreener, it just hit new yearly highs after pumping 320%.
The token’s market cap was last around $5.6 million, with around $930,000 in locked liquidity.
Having been around over a year, PEEPO probably isn’t a scam at this point. More of just a failed meme coin trying to make a comeback.
Three Protocol Token (THREE)
Three Protocol Token (THREE) is pumping on Friday, having gained 100% in 24 hours as per DEXScreener.
The decentralized marketplace-focused protocol’s token was last at a market cap of around $28 million.
The Three Protocol expansive roadmap has just been released:
Numerous AMAs
Rust on chain smart contracts
Jobs3 portal
Decentralised platforms rivaling Fiverr, Ebay, Uber, Autotrader and JustEat$THREE Launch date 29th of April
Roadmap link:… pic.twitter.com/FtP9a0AAUj
— Three Protocol – Jobs3 (@ThreeProtocol) April 22, 2024
The token has amassed an impressive $800,000 in locked liquidity and only has one smart contract issue.
Alternative Investment Strategy to Consider – Presales
If traders can reliably identify micro-cap gems, they can make a great return.
But an often over-looked strategy can potentially net even higher gains if executed correctly. Investing in crypto presales/ICOs.
Web3 projects/protocols often sell their native tokens at a discount to early investors to fund development.
If investors can reliably identify projects that, thanks to their strong vision, use case and competent team, end up gaining traction in the market, they can make big profits.
Knowing where to start is one of the biggest barriers to entry in the daunting presale market.
That’s why Cryptonews put together a list of their top picks.
20 Best Crypto Presales to Invest In
The post Top Crypto Gainers Today on DEXScreener – ARKY, PEEPO, THREE appeared first on Cryptonews.
Read More
CEX & DEX Funding Rates Agree: Crypto Market Lacks Bullish Conviction
Dogecoin Rival Shiba Inu (SHIB) Completes Highly Anticipated Shibarium Hard Fork
Dogecoin (DOGE) competitor Shiba Inu (SHIB) is announcing the completion of its highly anticipated Shibarium hard fork.
In a new thread on the social media platform X, the team behind the dog-themed meme asset says they have officially completed the Shibarium hard fork, a move traders have been expecting since last year.
“Shibarium has successfully completed its hard fork at block height 4504576! Get ready for: blazing-fast transactions and predictable gas fees!”
Shibarium, a layer-2 scaling solution, initially released a beta bridge for public use in July 2023. It utilized both plasma and proof-of-stake (PoS) technology to allow investors to shift tokens between Shibarium and the leading smart contract platform Ethereum (ETH).
In June 2023, Lucie, a content market specialist for Shiba Inu, detailed the benefits of Shibarium, including lower gas fees, faster transactions, more use cases for the Bone ShibaSwap (BONE) digital asset, as well as enhanced security features.
“Shibarium empowers projects by offering scalability, cost-effectiveness, and enhanced security. The reduced gas fees on Shibarium can have a significant impact on Bone, increasing its demand and potential value.
With Shibarium, projects have the opportunity to innovate, expand, and create a more accessible and thriving decentralized ecosystem.”
In September 2023, it was reported that Shibarium was growing rapidly, surpassing 2.5 million transactions overall, reaching 200,000 daily transactions on average. Furthermore, it was revealed that the protocol had over 1.2 million unique wallet addresses using its service while the amount of BONE reached 27.1 million.
SHIB is trading for $0.000024 at time of writing, a 5.2% increase during the last 24 hours.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Dogecoin Rival Shiba Inu (SHIB) Completes Highly Anticipated Shibarium Hard Fork appeared first on The Daily Hodl.
Read More
