In today's crypto market, the surge in major cryptocurrencies like Bitcoin (BTC) reaching new highs has drawn attention. As Bitcoin surpassed $65,000, the overall market witnessed significant gains. Alongside the major players, smaller meme coins in the decentralized exchanges (DEX) market also experienced remarkable spikes, indicating a growing risk appetite in the crypto space.
The rally in cryptocurrencies can be attributed to the anticipation of global monetary policy easing, which is expected to provide a liquidity boost to riskier assets. Ethereum (ETH) and Solana (SOL) were among the top gainers, showcasing gains of 2.5% to 5% according to CoinMarketCap data.
Interestingly, meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Dogwifhat (WIF) outshone the market with spikes of at least 8%, with SHIB leading the way with a 22% surge.
Exploring the Top crypto Gainers on DEXScreener
However, the real winners of the day were the lesser-known meme coins trading on decentralized exchanges. Let's delve into some of the top gainers identified by DEXScreener.
A newcomer in the Ethereum meme coin domain, Doggo (DOGGO) saw an impressive 109% surge in the past 24 hours, reclaiming a market cap of $15 million. This fully community-owned token has garnered attention, highlighting the impact of an active community on sustainability.
Another standout performer was the Solana meme coin, Moo Deng (MOODENG), which witnessed a 57% increase, propelling its market cap past $160 million. Dedicated to a baby hippo in Thailand, Moo Deng has quickly gained popularity with its unique theme and strong community support.
Lastly, the Base meme coin Tyler (TYLER) stood out with a 500% surge and a market cap of $1.5 million. Despite the token's popularity and positive audits, caution is warranted in the volatile DEX market filled with potential scams.
Exploring meme coin Presales as an investment Option
For investors seeking alternative avenues to explore meme coins, participating in meme coin presales could offer a better investment strategy. Presale periods provide investors with ample time to research projects before committing funds, potentially reducing risks associated with immediate market entry.
By engaging in meme coin presales, investors can navigate the volatile crypto market strategically and identify promising projects early on. To assist in this process, researchers at Cryptonews.com have curated a list of the best meme coin presales currently available, offering guidance for investors looking to navigate this dynamic sector.
