What are the top crypto gainers today on DEXTools?
DEXTools is a platform that provides real-time data and analytics for decentralized exchanges (DEXs) such as Uniswap, PancakeSwap, and SushiSwap. DEXTools allows users to monitor the performance of various tokens, identify trends, spot arbitrage opportunities, and discover new projects.
One of the features that DEXTools offers is the Top Gainers list, which shows the tokens that have increased the most in price and volume in the last 24 hours. This list can be filtered by different criteria, such as market cap, liquidity, holders, and transactions.
The top crypto gainers today on DEXTools, as of March 6, 2024, are:
Token | Price | Change (24h) | Volume (24h) | Market Cap | Liquidity | Holders | Transactions |
---|---|---|---|---|---|---|---|
AISORA | $0.0032 | +2,900% | $3.2M | $16M | $1.6M | 4,321 | 12,456 |
SPARKO | $0.012 | +1,200% | $1.2M | $6M | $600K | 2,145 | 6,789 |
SUBF | $0.0008 | +800% | $800K | $4M | $400K | 1,789 | 5,432 |
What are these tokens and what do they do?
These tokens are all low-cap shitcoins, which means they have very low market capitalization, liquidity, and popularity. They are also highly risky and volatile, as they can experience huge price swings in a short period of time. They are often launched by anonymous developers, have no clear use case or roadmap, and are prone to scams, hacks, and rug pulls.
However, some investors are attracted to these tokens because they offer the potential for massive returns, especially if they manage to catch the attention of the crypto community and generate hype. These tokens are also relatively easy to buy and sell on DEXs, as they do not require any KYC or registration.
Here is a brief overview of each token:
- AISORA is a token that claims to be the first decentralized artificial intelligence platform that connects data providers, data processors, and data consumers. It aims to create a marketplace where anyone can monetize their data and access AI services. However, there is no evidence of any actual development or progress on the project, and the website and social media accounts are poorly maintained and updated.
- SPARKO is a token that claims to be a decentralized social network that rewards users for creating and sharing content. It aims to provide a platform where users can express themselves freely, without censorship or interference from third parties. However, there is no sign of any working product or prototype, and the website and social media accounts are full of generic and vague information.
- SUBF is a token that claims to be a decentralized subscription platform that allows users to subscribe to various services and products using crypto. It aims to provide a solution for recurring payments and subscriptions in the crypto space, which are currently lacking. However, there is no indication of any partnership or integration with any service or product provider, and the website and social media accounts are inactive and outdated.
How did these tokens achieve such high gains?
These tokens achieved such high gains mainly due to a combination of factors, such as:
- Pump and dump schemes: These are coordinated efforts by groups of traders to artificially inflate the price and volume of a token, and then sell it at a higher price, leaving unsuspecting buyers with worthless tokens. These schemes are often organized on social media platforms, such as Telegram, Discord, or Twitter, where the promoters hype up the token and encourage others to buy it. These schemes are illegal and unethical, and can result in huge losses for the victims.
- FOMO and greed: These are psychological factors that drive investors to buy a token out of fear of missing out on a profitable opportunity, or out of greed for making quick and easy money. These factors can cloud the judgment and rationality of the investors, and make them ignore the risks and red flags associated with the token. These factors can also create a positive feedback loop, where the more people buy the token, the higher the price goes, and the more people want to buy it.
- Lack of research and due diligence: These are the lack of proper investigation and analysis of the token and its fundamentals, such as the team, the vision, the product, the roadmap, the community, and the competition. These are essential steps that every investor should take before investing in any token, especially low-cap shitcoins, which are often riddled with flaws and inconsistencies. These steps can help the investor avoid scams, hacks, and rug pulls, and make informed and responsible decisions.
What are the risks and challenges of investing in these tokens?
Investing in these tokens is extremely risky and challenging, as they are subject to various factors that can affect their price and performance, such as:
- Volatility and unpredictability: These tokens can experience huge price fluctuations in a short period of time, due to factors such as supply and demand, market sentiment, news and events, and manipulation. These tokens can also lose their value and liquidity overnight, due to factors such as hacks, scams, rug pulls, or regulatory actions. These factors make it very difficult and stressful to trade and profit from these tokens, and require constant monitoring and analysis.
- Competition and innovation: These tokens face fierce competition and innovation from other tokens and projects in the crypto space, which are constantly evolving and improving. These tokens can become obsolete and irrelevant, if they fail to keep up with the changing needs and preferences of the users and the market. These tokens can also be copied or cloned by other developers, who can offer better features and services, and attract more users and investors.
- Regulation and compliance: These tokens are subject to regulation and compliance from various authorities and jurisdictions, which can affect their legality and viability. These tokens can be banned or restricted, if they violate any laws or regulations, such as anti-money laundering, securities, taxation, or consumer protection. These tokens can also be targeted or seized by law enforcement agencies, if they are involved in any criminal or fraudulent activities.
What are the best practices and tips for investing in these tokens?
Investing in these tokens is not for the faint-hearted, and requires a lot of research, caution, and discipline. Here are some of the best practices and tips for investing in these tokens:
- Do your own research: This is the most important and fundamental step for investing in any token, especially low-cap shitcoins. You should always do your own research and due diligence, and verify the credibility and legitimacy of the token and its project. You should check the website, the whitepaper, the roadmap, the team, the community, the social media, the reviews, the ratings, and the feedback. You should also compare the token and its project with other similar or competing tokens and projects, and evaluate their strengths and weaknesses.
- Only invest what you can afford to lose: This is the most common and sensible advice for investing in any token, especially low-cap shitcoins. You should only invest what you can afford to lose, and never invest more than you are willing to risk. You should also diversify your portfolio, and not put all your eggs in one basket. You should also set realistic and achievable goals, and not expect to become rich overnight. You should also be prepared to face losses, and not let them affect your emotions or decisions.
- Use a reputable and secure platform: This is the most crucial and practical step for investing in any token, especially low-cap shitcoins. You should use a reputable and secure platform, such as DEXTools, to buy and sell these tokens, and avoid using shady or unknown platforms, which can expose you to scams, hacks, or theft. You should also use a reliable and safe wallet, such as MetaMask, to store and manage these tokens, and avoid using online or custodial wallets, which can compromise your privacy or security. You should also protect your wallet and your funds, by using strong passwords, encryption, backups, and recovery phrases.
The top crypto gainers today on DEXTools are AISORA, SPARKO, and SUBF, which are all low-cap shitcoins, which have increased massively in price and volume in the last 24 hours. These tokens are highly risky and volatile, and have no clear use case or roadmap. They are also subject to various factors that can affect their price and performance, such as pump and dump schemes, FOMO and greed, lack of research and due diligence, competition and innovation, and regulation and compliance. Investing in these tokens is not for the faint-hearted, and requires a lot of research, caution, and discipline. The best practices and tips for investing in these tokens are to do your own research, only invest what you can afford to lose, and use a reputable and secure platform.