Top Crypto Gainers Today on DEXScreener – DOGE, RAPR, MOTH

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Joel Frank

Author

Joel Frank

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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…

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Last updated:

September 9, 2024 13:09 EDT

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As major cryptocurrencies edge higher at the start of a week packed with major macro risk events that include a major US Presidential nominee debate and US Consumer Price Index (CPI) inflation data, traders are turning to on-chain DEX markets and using tools like DEXScreener to find top crypto gainers today.

While Bitcoin (BTC) was last up over 4% in the past 24 hours and trading above $56,000, per CoinMarketCap.

But those gains pale in comparison to the gains seen by top crypto gainers today in the DEXmarkets.

Indeed, thanks to their low liquidity, micro-cap altcoins trading on DEXs can experience rapid exponential price rises in very short periods of time.

While it’s possible for traders to quickly go from rags to riches in the DEX markets, traders must also remember the risks.

DEX markets are replete with scam tokens and pump-and-dump schemes.

Traders must never invest more than they can afford to lose and must always do their due diligence.

Here are some trending top crypto gainers today on DEXScreener that traders will watch.

Top Crypto Gainers Today on DEXScreener

A recently launched Ethereum meme coin, Department of Government Efficiency (DOGE), is one of the top crypto gainers today.

Per DEXScreener, DOGE last had a market cap of more than $12 million, with around $12.7 million in 24-hour trading volumes.

DOGE was created in response to a meme created/Tweeted by Twitter owner and Tesla CEO Elon Musk.

Musk may head a future Department of Government Efficiency agency under a potential Trump return to the White House.

With many twists and turns in the US presidential election potentially laying ahead, DOGE could still see a lot of price growth.

However, it is a highly speculative token with no real utility or value, so traders must be exceedingly cautious.

Other top crypto gainers today worth noting are RetardedAPY (RAPR) and Moth (MOTH).

Both are newly launched Solana meme coins, with market caps of $8.8 million and $5 million, respectively.

While RAPR is in a sharp uptrend, gaining 180% in 24 hours, traders must be careful with this coin.

DEXScreener warns that it is mintable, meaning the creator can inflate the supply anytime.

Meanwhile, Moth has licked liquidity of around $166,000, which is tiny compared to its market cap.

That means a small amount of sales pressure could trigger a huge price crash.

Again, traders must be exceedingly careful when investing in these highly risky on-chain DEX markets.

Perhaps a better option for those looking for big gains would be to check out crypto presales.

Presales allow investors to get in early on high-potential crypto projects.

Of course, presales carry their own risks, and investors must still conduct their own research.

Here are some of the analysts at Cryptonews.com’s top picks right now.

19 Best Crypto Presales to Invest In Now

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.