As AI-coins take the spotlight on Thursday following blockbuster Nvidia earnings, with the likes of Worldcoin (WLD), SingularityNET (AGIX) and Render (RNDR) pumping between 25-40% in 24 hours, some of the top crypto gainers today on DEXTools are meme coins with an AI-theme.
Crypto degens use DEXTools to monitor movers and shakers in the on-chain shitcoin/meme coin market.
Micro-cap shitcoins frequently post fast exponential gains, hence why degens flock to these on-chain markets.
While broader market conditions can impact micro-cap shitcoin markets, such as on Thursday where some of the outperformers are AI-themed tokens, shitcoins are always pumping and dumping, regardless of the broader market’s conditions.
For instance, Bitcoin (BTC) has been stuck in a $51,000-53,000 range for over a week now.
But this hasn’t stopped dozens of meme coins from pumping and dumping each day.
With that being said, here are some of the top crypto gainers today on DEXTools.
Top Crypto Gainers Today
BabySora ($BABYSORA)
A just-launched meme coin themed after OpenAI’s new product Sora called BabySora ($BABYSORA) has pumped nearly 9,700% since its launch today, as per DEXTools.
Its market cap was last around $1.6 million, with around $215,000 in liquidity.
It already has over 250 holders and $150,000 in trading volumes.
That’s impressive stuff for a first day of trade.
However, investors should be very cautious of this coin given it could be a honey pot scam, as per DEXTools.
Onyx Protocol ($XCN)
Peer-to-peer lending platform Onyx Protocol ($XCN) has pumped up 800% on Thursday.
Its market cap was last around $400,000 with around $270,000 in liquidity, as per DEXTools.
It has an impressive 13,500 holders and has seen 24-hour trading volumes of $4 million.
The token has been around for nearly one year, so is unlikely to be a scam at this point.
SORAFI ($SORAFI)
Another just launched Sora-themed shitcoin called SORAFI ($SORAFI) is up 700%, making it one of the top crypto gainers today.
As per DEXTools, its market cap was last around $240,000 and liquidity around $175,000.
Newly launched coins are nearly always pump and dumps or scams.
So investors should always do their due diligence. There’s no such thing as zero risk.
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
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