🚀 The Wild World of On-Chain Shitcoin Markets 🌙

Crypto bulls maintain dominance as Bitcoin (BTC) reaches new all-time high above $73,000 on Wednesday, while Ether (ETH) continues to approach $4,000.

Today’s top crypto gainers on DEXScreener are BULLFROG, ANAI, and PULSE.

Joel Frank Last updated: March 13, 2024 17:45 EDT 🕒 3 min read

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Caption: Top Crypto Gainers Today on DEXTools

Crypto bulls are charging ahead, with Bitcoin (BTC) smashing through new record highs above $73,000 and Ether (ETH) flirting with $4,000 after the successful implementation of the Dencun update. But if you’re on the hunt for massive gains, you might want to strap in for a wild ride through the on-chain shitcoin markets.

Sure, established coins with billion-dollar market caps can offer solid returns, but if you’re looking for the possibility of 10x or even 50-100x gains, it’s time to venture into a riskier, but potentially more lucrative, territory – the land of shitcoins.

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👉 What are Shitcoins?

In the world of cryptocurrencies, where blockchains like Ethereum, BNB, and Solana are easily accessible, anyone can launch a token. This has led to a constant influx of new coins being traded on decentralized exchanges (DEXs). The vast majority of these coins are either scams or pump and dumps, designed to cheat unaware investors. But amidst the chaos, a few gems rise to the surface and amass market caps of hundreds of millions of dollars.

📈 Top Crypto Gainers Today

Let’s take a look at some of the top crypto gainers today on Ethereum, according to DEXTools:

BullFrogInu ($BULLFROG)

🐸 This recently launched shitcoin has skyrocketed a jaw-dropping 28,200% in just 24 hours! With a current market cap of $2.35 million and only 50 holders, this coin seems like a hot prospect. However, it’s essential to tread cautiously since DEXTools’ smart contract audit has raised concerns about its legitimacy. 🚩

Animax AI ($ANAI)

🤖 Another “AI” use case shitcoin, ANAI has surged by 1,000% in one day, pushing its market cap to slightly over $1 million. With 125 holders and $270,000 in locked liquidity, it presents a relatively lower risk of rug pulls. Still, exercise caution as Honeypot.io’s smart contract audit suggests the possibility of a honeypot scam. 🕵️‍♂️

Pulse ($PULSE)

⚡️ This freshly minted shitcoin has experienced a staggering 5,270% surge in just 24 hours, propelling its market cap beyond $500,000. Despite having nearly 300 holders and $120,000 in liquidity, it’s crucial to note the 5% buy and sell tax and the existence of two smart contract alerts. Don’t let the lightning fool you – do your due diligence before jumping in. ⚠️

💡 Alternatives to Consider – Smog (SMOG)

While shitcoins are highly risky, there are alternative meme coins that have more established communities and potential for growth. One such coin is Smog (SMOG), a recently launched Solana token. Since late February, its price has surged nearly 6x to reach a market cap of $170 million. This dragon-themed token offers what it claims to be Solana’s greatest airdrop of all time. To participate, buy and hold SMOG on Solana or stake the token on Ethereum.

With nearly 100,000 holders already, SMOG is gaining significant attention. Considering the excitement surrounding Solana airdrops, SMOG could be the next big thing. Traders can grab a 10% discount on the project’s website and stake their tokens for a 42% APY.

🚨 Disclaimer

It’s crucial to remember that the world of cryptocurrencies is highly volatile and risky. Most shitcoins are scams or pump-and-dump schemes, designed to empty unsuspecting investors’ wallets. This article provides valuable information, but it’s vital to conduct thorough research before making any investment decisions.

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🤔 Q&A: What Else Do You Want to Know?

Q: How can I identify legitimate shitcoins? A: Identifying legitimate shitcoins can be challenging, but conducting a smart contract audit and researching the project’s team and community can provide valuable insights. However, it’s important to remember that even seemingly promising coins can turn out to be scams. 🕵️‍♀️

Q: Are there any on-chain shitcoins with long-term potential? A: While the majority of shitcoins are short-term pumps, some might have potential for long-term growth. However, investing in such coins typically comes with higher risks. It’s crucial to carefully analyze the project’s fundamentals and future prospects before considering them as long-term investments. 📈

Q: Which platforms can I use to trade shitcoins? A: Most shitcoins are traded on decentralized exchanges (DEXs) like Uniswap, PancakeSwap, or SushiSwap. These platforms provide easy access to a variety of coins, but always be cautious of potential risks. 🦄

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🌟 The Future of Shitcoins

While shitcoins are often associated with scams and pump-and-dump schemes, the reality is that some investors have earned significant profits from these risky ventures. As blockchain technology continues to evolve, regulatory frameworks and security measures are gradually improving. This could potentially weed out the majority of scams and leave the market with more legitimate shitcoins that offer exciting investment opportunities.

The key lies in conducting thorough research and never investing more than you can afford to lose. As always, the cryptocurrency market is an exciting and unpredictable world. Embrace the risks, but also stay informed and make rational decisions.

📚 References

1. The Outlook for Blue-Chip Cryptos Remains Strong
2. Bitcoin ETF Inflows Pump
3. DEXTools
4. Traders Pumped & Dumped Another: $7.00M Jupiter Airdrop
5. As per birdeye.so

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What are your thoughts on the wild world of shitcoin markets? Have you ever dabbled in risky investments or had any memorable experiences? Share your stories in the comments and let’s embrace the madness together! Don’t forget to like, share, and spread the laughter on social media. 🚀🌙💩

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