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$XTP, $DOGE-1 and $BARL are the biggest crypto gainers today on Uniswap as the broader cryptocurrency market rallies on waning pessimism about post-spot Bitcoin ETF approval sell pressure from major market players such as Grayscale.
As per Grayscale’s website, the Grayscale Bitcoin Trust (GBTC) shed just over 6,000 BTC on Monday.
That’s the lowest daily outflow since the trust converted into an ETF earlier this month and succumbed to massive profit-taking.
Bitcoin thus pushed back above $43,000 on Monday, up over 3% in the past 24 hours.
Optimism about Google giving crypto ETF ads the green light and the strong recent performance of the US stock market are likely also helping.
Other major cryptocurrencies are also mostly in the green.
Ether (ETH) was up 2% in the past 24 hours, as per CoinMarketCap.
Solana (SOL) was up 6.5%, XRP (XRP) up 2.2% and Cardano (ADA) up 7.0%.
But those daily gains are tiny compared to the gains can be witness in the low-cap crypto market.
That’s because their low level of liquidity means that relatively small buy pressure can easily result in fast exponential gains.
While blue-chip cryptocurrencies can offer good upside prospects, traders looking to make quick profits usually turn to low-cap markets.
Here are some of the biggest crypto gainers today on Uniswap.
Biggest Crypto Gainers Today on Uniswap
Satellite Doge 1 Mission ($DOGE-1)
A meme coin called Satellite Doge 1 Mission ($DOGE-1) is up 70% on Monday, as per Uniswap.
According to DEXTools, the meme coin is on the verge of breaking back to its late December all-time highs above $0.016.
Last trading at $0.01070, the token’s market cap was just over $10 million.
It has over $500,000 in locked liquidity and nearly 5,500 holders.
$DOGE-1 has been around for a while now, so is unlikely to be a rug pull or scam.
But investors should always do their due diligence.
Barley Finance ($BARL)
Volatility farming protocol Barley Finance ($BARL) pumped nearly 40% on Monday, according to Uniswap.
Its market cap was last around $2.3 million, with just over $800,000 in liquidity and over 1,000.
That’s according to DEXTools, which gives the token a DEXTscore of 99/99 and identifies no smart contract issues.
Cellframe ($CELL)
“Quantum resistant” cross-chain transfer focused layer-1 blockchain protocol Cellframe ($CELL) pumped nearly 60% on Monday.
That’s according to Uniswap, who pegs its market cap at just over $10 million.
The latest pump saw $CELL hit its highest levels since February 2023 on Monday near $0.40 per token.
As per DEXTools, the token has liquidity of around $275,000 and just over 9,000 holders.
Having been around a very long time now, $CELL is unlikely to be a scam token.
Crypto Alternatives to Consider
Low-cap coins can offer huge potential returns but also come with a lot of risk.
For those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.
This is where investors buy the tokens of upstart crypto projects to help fund their development.
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
Here is a list of 15 of what the project deems as the best crypto presales of 2023.
The post Biggest Crypto Gainers Today on Uniswap – XTP, DOGE-1, BARL appeared first on Cryptonews.
