Bitcoin commenced the week by surpassing the $92,000 resistance level, continuing a recent upward trend.
The surge follows a massive investment by MicroStrategy, which purchased 51,780 Bitcoin for approximately $4.6 billion between November 12 and 18. As revealed in a regulatory filing, this brought its total holdings to an impressive 331,200 Bitcoin at an average price of $88,627.
MicroStrategy’s move further fuels the bullish sentiment surrounding the cryptocurrency market.
Cathie Wood, CEO of ARK Invest, has doubled down on her optimistic Bitcoin price prediction. In a recent CNBC interview, she projected Bitcoin reaching $650,000 by 2030 and even potentially hitting $1.5 million in a highly favorable scenario.
However, while such potential gains in Bitcoin are substantial, some altcoins and shitcoins within the decentralized finance (DeFi) sector have exhibited even more dramatic price movements.
One trader transformed a $16.20 investment in the Solana-based meme coin Peanut the Squirrel (PNUT) into $3 million within just two weeks.
This anecdote highlights the explosive potential, albeit highly speculative, of certain shitcoins, offering gains that are practically unattainable with more established cryptocurrencies like Bitcoin.
Where are investors looking for the next big win? Top crypto gainers today on DEXTools offer some clues.
DEXTools data reveals several shitcoins demonstrating substantial gains. These shitcoins, often characterized by their playful themes and community-driven hype, can experience rapid price fluctuations, offering both massive opportunities and risks for investors. Among the top crypto gainers are several Solana-based tokens.
Top Crypto Gainers on DEXTools
Inuminati
Inuminati, a Solana meme coin blending the popular dog-themed coins with the “Illuminati” conspiracy theory, surged by 3,500% in the last 24 hours.
https://twitter.com/Inuminati_ONSOL/status/1858386599932752367This surge propelled its market capitalization to $18.8 million after briefly peaking above $60 million. Despite a DEXTscore of 99/99 on DEXTools, indicating a relatively low risk of certain scams like honeypots, and a clean audit, Inuminati’s social media presence is minimal, with only 70 Twitter followers and 38 Telegram members.
This limited community engagement raises potential concerns for the long-term viability of this shitcoin. While Inuminati stands among the top crypto gainers, investors are urged to conduct thorough research before investing.
MOONMAN
Moonman, another Solana-based altcoin, also experienced a meteoric rise, recording a 5,500% increase in 24 hours, according to DEXTools.
Its market capitalization reached $3 million, having briefly touched $5.5 million earlier in the day. Although Moonman boasts a 99/99 DEXTscore, a verified smart contract, and confirmation of no honeypot scam, community sentiment appears divided, with equal measures of positive and negative feedback.
Similar to Inuminati, Moonman’s modest social media presence – 31 Telegram members and 168 Twitter followers – could be a cause for concern, given the reliance of meme coins on strong community support.
Satoshiwifhat
Satoshiwifhat (SIF), a third Solana-based token, rounds out the list of today’s top crypto gainers. SIF saw a 3,180% jump, achieving a $12 million trading volume and a $17.15 million market cap, according to DEXTools.
https://x.com/Satoshiwifhat_/status/1858388028323946903It also received a 99/99 DEXTscore, a verified smart contract, and confirmation of no honeypot activity.
Perhaps a safer bet is to get involved with meme coin presales – presales offer investors more time to research a project properly before getting involved.
They can then rest assured that they are getting into the meme coin at its earliest time, and possible lowest ever price.
A good starting point for interested readers is Cryptonews.com’s list of the best new meme coin presales.
17 Best Crypto Presales to Invest In Now
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