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Wednesday

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DEXTools

<![CDATA[<figure class="image"><img src="https://cimg.co/news/126268/333437/dext-media-library-origin.jpg" srcset="https://cimg.co/news/126268/333437/responsive-images/dext-media-library-origin___media_library_original_900_300.jpg 900w, https://cimg.co/news/126268/333437/responsive-images/dext-media-library-origin___media_library_original_720_240.jpg 720w, https://cimg.co/news/126268/333437/responsive-images/dext-media-library-origin___media_library_original_600_200.jpg 600w, https://cimg.co/news/126268/333437/responsive-images/dext-media-library-origin___media_library_original_300_100.jpg 300w" width="900" class="content-img" alt=""><figcaption>DEXTools Logo / Source: DEXTools Twitter</figcaption></figure>Blue chip cryptocurrency prices are lower across the board on Wednesday in wake of the latest <a href="https://www.bloomberg.com/news/videos/2023-10-11/us-ppi-rises-more-than-forecast-on-higher-energy-costs-video">US Producer Price Index (PPI) inflation numbers</a>, which came in hotter than expected.<a href="https://cryptonews.com/coins/bitcoin/">Bitcoin</a> (BTC) was down close to 2.5% on the day and back in the mid-$26,000s, its lowest level of the month so far, having also broken out of its short-term uptrend that had been in play since mid-September.<a href="https://cryptonews.com/guides/what-is-ether.htm">Ether</a> (ETH) was nursing smaller losses and trading in the $1,550 region, though is ominously threatening a break below key support that could open the door to a swift drop back towards the $1,300s.The likes of <a href="https://cryptonews.com/coins/sol-solana/">Solana</a> (SOL), <a href="https://cryptonews.com/coins/cardano/">Cardano</a> (ADA), <a href="https://cryptonews.com/coins/ripple/'">XRP</a> (XRP) and <a href="https://cryptonews.com/coins/dogecoin/">Dogecoin</a> (DOGE) were all last down 1-5% over the past 24 hours, as per <a href="https://www.coingecko.com/">CoinGecko</a>.While hot inflation data is a concern to the crypto market in so far as it may force the Fed into lifting interest rates even further, and holding them at higher levels for longer, that doesn&rsquo;t necessarily jibe with recent Fed commentary.On the contrary, on Tuesday, <a href="https://www.reuters.com/markets/us/feds-bostic-sees-no-more-us-rate-hikes-no-recession-2023-10-10/">another Fed policymaker signaled that he didn&rsquo;t think the bank needs to raise interest rates anymore</a>, after a few other Fed policymakers had argued that the recent rise in long-term US bond yields had done the Fed&rsquo;s tightening for it.&nbsp;As a result, US bond yields and the US dollar have been backing off highs in recent days, and this could help put a floor under crypto.That being said, geopolitics remains a concern as the Israel/Palestine war escalates, and this continues to weigh on crypto sentiment.With the outlook for blue-chip cryptocurrencies weak, traders will continue to turn to the highly illiquid <a href="https://cryptonews.com/news/best-shitcoins-buy.htm">shitcoin</a>/<a href="https://cryptonews.com/news/best-meme-coins.htm">meme coin</a> markets in the hunt for profitable trading opportunities.Here are some of the top performers, as per DEXTools.<h2 id="strong-godzilla-godzilla-strong">Godzilla ($GODZILLA)</h2>A new meme coin called Godzilla ($GODZILLA) that only just launched has seen an explosive start to life, surging a stunning more than 550% in the past 24 hours, as per <a href="https://www.dextools.io/app/en/ether/pair-explorer/0x6fe1a43a0f82bb3b63d89bdf5cb5be5371bf40db">DEXTools</a>.Its market cap was last around $370,000, amid 24-hour trading volumes of around $720,000, with the token having reached nearly 300 holders and with liquidity of around $220,000.As per DEXTools&rsquo; security audit, the token&rsquo;s contract doesn&rsquo;t have any concerning aspects to it, but liquidity isn&rsquo;t locked so it could still potentially end up as a rug pull.While the token has a community trust score of 85%, investors should always exercise extreme caution when investing in newly launched meme coin projects.<h2 id="strong-marine-admirals-aokiji-aokiji-strong">Marine Admirals Aokiji ($AOKIJI)</h2>A new shitcoin called Marine Admirals Aokiji ($AOKIJI) that launched on Tuesday has been pumping and is up 240% in the past 24 hours, as per <a href="https://www.dextools.io/app/en/ether/pair-explorer/0x4ec8f85ddbd00db68f6dca31af1ed9376921bff7'">DEXTools</a>.It last had a market cap of around $180,000 amid 24-hour trading volumes of a little over $500,000, with now more than 100 holders and over $160,000 in liquidity.The token only has two contract alerts, as per DEXTools&rsquo; security audit, but unlocked liquidity means that the token remains a rug pull risk.<h2 id="strong-dee-jay-dee-strong">Dee Jay ($DEE)</h2>A recently launched shitcoin called Dee Jay ($DEE) has pulled back a little from highs,&nbsp; but is still trading with solid 24-hour gains in the region of 50%, as per <a href="https://www.dextools.io/app/en/ether/pair-explorer/0x6a350d00c3384bd5f4b909d7cabf494f78bb9095">DEXTools</a>.The token&rsquo;s market cap was last around $370,000 amid nearly $1 million in 24-hour trading volumes, with the token having secured around 270 holders and with liquidity of around $280,000.$DEE only has two token contract alerts, as per DEXTools&rsquo; security audit &ndash; an antiwhale mechanism and a potential trading cooldown.<h2 id="strong-crypto-alternatives-to-consider-strong">Crypto Alternatives to Consider</h2>Shitcoins are very risky, given most have no real value proposition.For those looking for an even 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 up-start 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.<a href="https://cryptonews.com/news/new-cryptocurrency.htm">See the 15 Cryptocurrencies</a>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Biggest Crypto Gainers Today on DEXTools – Godzilla, AOKIJI, DEE

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