As Bitcoin (BTC) leads a sharp decline in the broader cryptocurrency market on Friday, traders looking to make quick gains are hunting for the biggest small-cap crypto gainers today on Uniswap.
Small-cap cryptocurrencies almost always 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.
As the broader crypto market succumbs to a post-Bitcoin ETF approval “sell-the-fact” market reaction, traders are turning to these low-cap markets for opportunities.
Here are some of the biggest crypto gainers today on decentralized exchange (DEX) Uniswap.
Biggest Crypto Gainers Today on Uniswap
Troll ($TROLL)
A shitcoin called Troll ($TROLL) is one of the biggest gainers today on Uniswap, up over 100% in 24 hours.
As per DEXTools, the token’s latest pump has seen it achieve a market cap of $6.7 million.
The token also has close to 4,000 holders and just over $500,000 in liquidity.
Given it’s been around a while and has no smart contract issues, as per DEXTools’ security audit, $TROLL probably isn’t a scam.
TROLL Chart / Source: Uniswap
TokenFi ($TOKEN)
The native token of TokenFi’s tokenization protocol of the same name $TOKEN is up an impressive 15% on Friday.
That makes it one of the biggest gainers today on Uniswap.
Its latest rally has seen it reach a market cap of just under $15.5 million.
The token also has over $3 million in locked liquidity and close to 6,000 holders.
However, DEXTools identifies three concerning aspects to its smart contract, including a potentially modifiable tax.
TOKEN Chart / Source: Uniswap
Coldstack ($CLS)
Decentralized cloud aggregator Coldstack ($CLS) saw an impressive 10% pump on Friday, pushing its market cap to $5.3 million.
That means it’s one of the biggest crypto gainers today on Uniswap.
The token has just under 3,900 holders and $1.39 million in liquidity, as per DEXTools.
Having been around since early 2021, investors can be confident that $CLS isn’t a rug-pull scam token.
CLS Chart / Source: Uniswap
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.
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilize affiliate links within our content, and receive commission.
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