As bearish sentiment continues to loom over the cryptocurrency market, the global market capitalization has declined, settling at $2.23 trillion at the time of writing.
This figure, according to CoinMarketCap, represents a 2.61% decrease over the past 24 hours, signaling a cautious mood among investors.
Despite the dip in overall value, trading activity keeps hope alive as the total trading volume reached $65.6 billion, marking a substantial 19.28% increase during the same period.
Market analysts continue to highlight the current Bitcoin (BTC) market cycle as a standout one compared to previous bullish runs, citing new developments like spot Bitcoin ETFs and the spot Ethereum ETFs as collective contributors to the complex and nuanced state of the market. Read more from our Bitcoin price prediction.
#Bitcoin Retesting the Descending channel!
A bullish pattern could be playing out on the 4H chart. pic.twitter.com/H0NimrlF51
— Titan of Crypto (@Washigorira) July 3, 2024
While the broader market faces challenges, on-chain markets attract traders seeking high-return opportunities.
These markets come with major risks, including high volatility and the potential for scams, however.
Tools like DEXScreener have become essential for identifying and monitoring top crypto gainers in the decentralized market.
Let’s examine three of the top crypto gainers today on DEXScreener:
Kamala Horris ($KAMA)
Kamala Horris ($KAMA) is a new politically themed meme coin inspired by the current U.S. Vice President, Kamala Harris. It’s gaining popularity in the crypto community ahead of the November US elections, particularly as President Joe Biden’s second-term candidacy sparks controversy.
The $KAMA token currently trades at $0.01992, a big 407% increase in the last 24 hours. The token has a market cap of $19.2 million, $346,000 in liquidity, and approximately 3,000 holders.
$KAMA has record 407% growth in 24 hoursSocial media activity around $KAMA has been growing, with political memes and debates driving engagement.
“Kamala Harris has officially overtaken Biden in prediction markets for Democratic nominee, But her meme coin $KAMA still needs another 100% gain to flip $BODEN market cap,” crypto influencer VentureCoinist tweeted.
Kamala Harris has officially overtaken Biden in prediction markets for Democratic nominee.
But her memecoin $KAMA still needs another 100% gain to flip $BODEN market cap.
This is either the dumbest trade or the easiest 2x in crypto.
Or both. pic.twitter.com/Eu6bjhJ0YK
— Luke Martin (@VentureCoinist) July 3, 2024
While $KAMA’s performance is impressive, it should be noted that politically-themed tokens can be particularly volatile and subject to rapid shifts based on real-world events.
$DILLY
$DILLY, an animal meme coin named after a hot dog, has gained traction among on-chain traders. Currently trading at $0.0032, it has seen a 134% surge in the past 24 hours. With a market capitalization of $3.1 million, $176,000 in liquidity, and 3,757 holders, $DILLY shows promising growth potential as one of the top crypto gainers today.
$DILLY’s rapid growth has been remarkable compared to other established meme coins.
$DILLY to $10m in the next few hours ?
NOT EVEN JOKING pic.twitter.com/nAe9dppov4
— Nos (@nos_eth) July 3, 2024
Investors should be cautious of these investments’ high volatility and speculative nature as they are similar to all meme coins.
Andrew Tate ($DADDY)
Daddy Tate Coin ($DADDY), inspired by Andrew Tate, continues to attract attention in the crypto market. Launched 23 days ago on Solana, it emerged as a rival to Iggy Azalea’s meme coin, Mother Iggy ($MOTHER). In a surprising turnaround, $DADDY’s market capitalization has increased to $97.5M, surpassing $MOTHER’s current value after once trailing behind its $250M market cap in early June.
$DADDY currently trades at $0.16 per token. It has $2.3 million in liquidity, 44,706 holders, and recorded a 34.44% increase in the last 24 hours.
$DADDY reclaims $100M Market CapJUST IN: @Cobratate memecoin $DADDY (@DaddyTateCTO) defies bearish market trend, surpasses $100M market cap. pic.twitter.com/UH2RG5L9ET
— Whale Insider (@WhaleInsider) July 3, 2024
The token’s popularity is largely driven by Andrew Tate’s massive social media following, which has made it more explosive than some other meme coins. Recall the $DADDY token surged to $300 million as Andrew Tate pledged to burn $100 million of the tokens on June 13.
The token’s link to a personality as colorful as Tate’s provides both opportunities and risks. Therefore, investors buying $DADDY should exercise caution and thoroughly evaluate the project before trading.
Crypto Alternatives to Consider
During market downturns, investors may struggle to generate returns from major cryptocurrencies like Bitcoin and Ethereum.
In such times, alternative assets like meme coins can be worth exploring. While they come with risks, some meme coins have shown potential for significant growth.
To help investors make informed decisions, Cryptonews analysts have compiled a list of promising presale meme coins, carefully evaluated for their potential for growth and returns post-sale.
14 Best Crypto Presales to Invest In Now
The post Top Crypto Gainers Today on DEXScreener appeared first on Cryptonews.
