Bitcoin

Baby Grok

DEXTools

DEXTools Logo / Source: DEXTools X Account 
Blue-chip cryptocurrency markets are pumping on Monday led by Bitcoin (BTC), which just surpassed $42,000 for the first time since April 2022, taking its four-day run of gains to move than 10%. 
A cocktail of bullish catalysts are being cited as supporting the BTC rally, including; 1) ongoing optimism for near-term <a href="https://cryptonews.com/news/bitcoin-etf-decision-dates-approach-what-to-expect-in-january.htm">spot Bitcoin ETF approvals</a> which is pumping optimism about institutional adoption, 2) an improving macro outlook as <a href="https://www.reuters.com/markets/us/feds-waller-increasingly-confident-policy-is-right-spot-2023-11-28/">investors bet a Fed rate cutting cycle is near</a>, 3) chatter about <a href="https://cryptonews.com/news/qatars-sovereign-wealth-fund-dives-into-bitcoin-with-potential-500b-investment-confirmed-news-or-just-rumors.htm">Qatar’s sovereign wealth fund stepping in to buy BTC</a>, and other factors such as bullish technicals and the upcoming BTC halving. 
Bitcoin bulls will be expecting a near-term test of the next major resistance level just under $43,000 within days, and possibly a retest of 2022 highs around $48,000 before the end of the year. 
Ether (ETH), meanwhile, was last up 3% in the past 24 hours and at fresh yearly highs above $2,200. 
While the near-term outlook for major cryptocurrencies is strong, investors looking to secure quick exponential gains 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. 
Here are some of the biggest gainers as per decentralized exchange analytics website <a href="https://www.dextools.io/app/en/ether/gainers">DEXTools</a>. 
<h2 id="10000x-10000x">10000X ($10000X)</h2> 
 A shitcoin called 10000X ($10000X) that was launched last week has seen an impressive 800% pump in the past 24 hours according to <a href="https://www.dextools.io/app/en/ether/pair-explorer/0x830590df97b5a181ecc665f94e5287b75692606c">DEXTools</a>, making it one of the best-performing shitcoins of the day. 
$10000X last had a market cap of around $250,000, with over $175,000 having changed hands in the past 24 hours and the token having accumulated over 300 holders and nearly $300,000 in liquidity. 
As per DEXTools’ security audit, the token has three smart contract alerts, so investors should exerice caution that the token might be a scam. 
<h2 id="baby-grok-babygrok">Baby Grok ($BABYGROK)</h2> 
 A shitcoin called Baby Grok has pumped up an impressive 500% in the past 24 hours, as per <a href="https://www.dextools.io/app/en/ether/pair-explorer/0xf77c0c6d0484a7be578f5b7619bce92698e30dc3">DEXTools</a>. 
$BABYGROK last had a market cap of around $4.4 million, with the token having accumulated over 900 holders. 
Bulls should be aware that the latest price pump has been driven by just $265,000 in 24 hour trading volumes and liquidity is thin at just $110,000, so a few big sell orders could quickly see all recent gains reversed. 
<h2 id="safefloki-saflok">Safefloki ($SaFLok)</h2> 
 A new shitcoin called Safefloki ($SaFLok) has exploded up more than 300% in the past 24 hours, as per <a href="https://www.dextools.io/app/en/ether/pair-explorer/0x5436e99b04cffd08fb20b2841c0485ee826a1c2a">DEXTools</a>. 
The token last had a market cap of around $165,000, locked liquidity of around $156,000, just under 250 holders and an impressive $670,000 in 24-hour trading volumes. 
But investors should be wary of three concerning aspects to its smart contract, as identified in DEXTools’ security audit, including the potential that the token is a so-called “honeypot” scam. 
<h2 id="crypto-alternatives-to-consider">Crypto Alternatives to Consider</h2> 
 Shitcoins can offer huge potential returns but also come with a lot of risk. 
Those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in&nbsp;<a href="https://cryptonews.com/news/new-cryptocurrency.htm">crypto presales</a>. 
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. 
<a href="https://cryptonews.com/news/new-cryptocurrency.htm">See the 15 Cryptocurrencies</a> 
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&nbsp;<a href="https://cryptonews.com/terms-and-conditions.htm">terms and conditions</a>. We may utilise affiliate links within our content, and receive commission.

Top Crypto Gainers Today on DEXTools – 10000X, BabyGrok, SaFLok

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