🚀 Bitcoin Hits Fresh ATHs But Traders Turn to On-Chain Shitcoin Markets for Gains 💰

After a volatile day in the blue-chip cryptocurrency markets, traders are now looking towards on-chain markets for less established coins in search of the top crypto performers of today.

Today’s top crypto gainers on the decentralized exchange (DEX) screener are LICK, SPACEX, and PEPES.

By Joel Frank | Last updated: March 12, 2024 22:22 EDT | Estimated Reading Time: 3 mins

📸 Joel Frank

After a wild day in the blue-chip crypto markets, with Bitcoin (BTC) blasting past $73,000 only to drop back down, traders are now focusing on on-chain shitcoin markets to find the hottest crypto gainers today. 😱

BTC made a strong comeback towards $72,000, currently up 13% in just seven days according to CoinMarketCap. 📈 The cryptocurrency has seen an astonishing 47% increase in the past 30 days, driven by the growing demand for ETFs. Bulls are in control, and it’s even possible that Bitcoin could challenge the $100,000 mark soon. 🐂💪

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With the halving scheduled for April, which will cut BTC’s inflation rate, the hype is yet to reach its fever pitch. The potential for quick gains of up to 40% makes Bitcoin an attractive crypto for near-term investments. 😎

However, for those who have a high tolerance for risk, there are opportunities for even greater returns. In some corners of the altcoin market, lucky investors have the chance to make 10-20x gains. But if you want to dive into the wild west of crypto, look no further than the on-chain shitcoin markets. 🤠

Image Source: Joel Frank

On-chain markets refer to smart-contract-based tokens built on platforms like Ethereum and Solana, which are traded on decentralized exchanges. Anyone can create a new shitcoin at any time, which makes these markets highly illiquid and volatile. 💥

Newly launched tokens can skyrocket 10x or even 100x in a single day, but they can also crash just as quickly. It’s important to note that most shitcoins are either scams or pump-and-dump schemes, so thorough due diligence is necessary before investing. 🕵️‍♂️

Now, let’s take a look at some of the top crypto gainers today on DEXTools:

🚀 Animax AI ($ANAI) – 6,000% Pump 😱

Animax AI ($ANAI), a newly launched “AI” use case shitcoin, has skyrocketed by an astonishing 6,000% on Tuesday, as reported by DEXTools. The token’s market cap has surged to just over $900,000, with 115 holders. While it has $250,000 in locked liquidity, indicating reduced rug pull risk, it could still be a potential scam based on a smart contract audit by Honeypot.io. Be cautious! 🚨

🚀 HubAI ($HUBAI) – 2,800% Surge 😲

HubAI ($HUBAI), another recently launched “AI” shitcoin, has pumped 2,800% in the past 24 hours. With a market cap of around $600,000 and locked liquidity of approximately $220,000, this shitcoin has also raised concerns among smart contract auditors regarding its legitimacy. Conduct your due diligence before considering any investment. ⚠️

🚀 Pigeon Park ($PGENZ) – Up 550% 🐦

Pigeon Park ($PGENZ), a recently launched play-to-earn gaming token, has seen a surge of 550% in the past 24 hours, according to DEXTools. With a market cap of $2.27 million and around $1.2 million in locked liquidity, this token seems to be attracting attention. Keep an eye on it! 👀

Alternatives to Consider – Smog (SMOG)

While shitcoins can be highly risky and are often associated with scams, there are more established meme coins that could offer potential gains without the extreme volatility. One such example is Smog (SMOG), a Solana-based coin that has already experienced significant growth, with its price surging nearly 6x since late February. With a market cap of $170 million, Smog has positioned itself as Solana’s greatest airdrop of all time. It has also gained a strong community, boasting nearly 100,000 holders. As excitement around Solana airdrops continues to grow, Smog could be a valuable investment opportunity offering substantial returns. 🐉

📹 Check out this video to learn more about Smog!

Remember, investing in crypto is highly risky, and this article does not constitute investment advice. Always do your own research and never invest more than you can afford to lose. That being said, keep an eye on these top gainers and potential alternatives. The crypto market is full of surprises! 🚀💰

Reference Links:

1. Bitcoin Needs to Address Scaling Before ETFs Drive Momentum
2. Bitcoin Miners Reduce BTC Holdings as Miner Price Nears $65k
3. Matty Taylor, Co-founder of Colosseum: Solana Hackathons and the Growing Solana Ecosystem – Ep. 314
4. Binance and Coinbase Crashes Caused by Algorithmic Trading Firms – dydx Exec
5. DEXTools
6. Solana Airdrops
7. Google News

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