PepeFork, LarryCoin and DeepSouth AI are the top crypto gainers today on DEXTools as the broader crypto market drops on Wednesday.
Bitcoin (BTC) was last down around 1.6% under $43,000 after Fed Chair Powell pushed back against a March rate cut.
After the Fed left interest rates unchanged at 5.25-5.5% on Wednesday, Powell said a rate cut in March was unlikely.
That forced traders to pare bets on a rate cut this quarter, weighing on liquidity-sensitive assets like Bitcoin.
This may have triggered concerns the Fed might not lower interest rates as quickly as the economy needs.
That could explain why US stocks and US bond yields fell in unison on Wednesday.
Either way, major crypto markets are mostly in the red on Wednesday.
But small-cap cryptocurrencies almost always pumping and nearly always also take the mantle for the top crypto gainers each day.
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 top small-cap crypto gainers on Thursday as per DEXTools.
Top Crypto Gainers Today on DEXTools
PepeFork (PORK)
A newly launched Pepe Coin alternative called PepeFork (PORK) is pumping on Wednesday.
$PORK was last up around 200% in the past 24 hours, as per DEXTools.
Its market cap is an impressive $213 million, though liquidity is a tiny $170,000.
Its DEXTscore is 99/99, and it has three concerning aspects to its token contract, as per DEXTools’ security audit.
LarryCoin ($LARRY)
A shitcoin called LarryCoin ($LARRY) is one of the top crypto gainers today.
$LARRY is up 250% in the past 24 hours, as per DEXTools.
But the latest pump has seen it hit a market cap of only $500,000, and it has limited liquidity of just $400,000.
As per DEXTools’ smart contract audit, it has no concerning aspects to its contract.
Given how long it’s been around, it’s unlikely to be a scam.
DeepSouth AI ($SOUTH)
AI shitcoin DeepSouth AI ($SOUTH) pumped to fresh record highs on Wednesday.
As per DEXTools, it was last up 113% on the day, making it one of the top crypto gainers today.
$SOUTH’s market cap was a solid $4.75 million, with locked liquidity of around $325,000.
The token has a solid DEXTscore of 99/99, while six smart contract issues has been identified.
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.
See the 15 Cryptocurrencies
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