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Blue-chip cryptocurrencies continue to pull lower from multi-month/year highs hit earlier in the month amid profit-taking ahead of what is expected to be a somewhat calmer and lower volume run in to the end of the year, as major market participants take time off for the Christmas holidays. 
<a href="https://cryptonews.com/coins/bitcoin/">Bitcoin</a> was last trading around $41,500, down 1.3% in the past 24 hours as per CoinMarketCap, whilst Ether was last down around 3.0% in the mid-$2,100s. 
Most major altcoins are also lower, with the likes of <a href="https://cryptonews.com/coins/binance-coin/">BNB</a> (BNB), <a href="https://cryptonews.com/coins/ripple/">XRP</a> (XRP), <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/avax-avalanche/">Avalanche</a> (AVAX) and <a href="https://cryptonews.com/coins/dogecoin/">Dogecoin</a> (DOGE) all down between 2-6% over the same time period. 
Major recent developments generating discussion in the crypto space include 1) the recent <a href="https://cryptonews.com/news/blockchain-firm-ledger-confirms-library-connectkit-compromise.htm">Ledger vulnerability</a> which sparked renewed concerns about wallet safety in DeFi, 2) a spike in layer-1 blockchain transaction fees amid renewed <a href="https://cryptonews.com/news/best-meme-coins.htm">meme coin</a> mania sparking fresh concerns about scalability and 3) <a href="https://cryptonews.com/news/bitcoin-price-pressured-as-fed-official-says-premature-to-even-be-thinking-about-rate-cuts-where-next-for-btc.htm">hawkish commentary from a Fed official at the end of last week</a>, which has muddied the waters regarding when the Fed will start cutting interest rates in 2024. 
<a href="https://cryptonews.com/news/secs-dialogue-with-wall-street-behemoth-blackrock-regarding-spot-bitcoin-etf-application-continues-approvals-coming-in-january.htm">Optimism about near-term expected spot Bitcoin ETF approvals</a> remains a reason for dip-buyers to want to continue entering the market. 
But price risks remain tilted to the downside this week for major cryptos, with Bitcoin having recently dropped below a short-term uptrend and its 21DMA, a technical sign a short-term dip back to $38,000 could be on the cards. 
The release of US Core PCE inflation data on Friday will trigger volatility in the market – if it indicates that the deflation trend in the US continues, then that could be a positive catalyst. 
But ahead of that, expect conditions to remain subdued. 
As a result, traders looking to book quick exponential gains will continue to flock to the highly volatile and more illiquid low-cap markets. 
Here are some of the biggest low cap gainers on decentralized exchange (<a href="https://cryptonews.com/guides/top-10-decentralized-exchanges-dex-in-2021.htm">DEX</a>) <a href="https://app.uniswap.org/tokens/ethereum">Uniswap</a> on Monday. 
<h2 id="metis-metis">Metis ($METIS)</h2> 
 Layer-2 scaling solution Metis’ native token $METIS has enjoyed a 13% pump in the past 24 hours, as per <a href="https://app.uniswap.org/tokens/ethereum/0x9e32b13ce7f2e80a01932b42553652e053d6ed8e">Uniswap</a>, making it one of the best-performing low-cap coins. 
Its market cap was last around $127 million as per <a href="https://www.dextools.io/app/en/ether/pair-explorer/0x1c98562a2fab5af19d8fb3291a36ac3c618835d9">DEXTools</a>, with around $1.4 million having changed hands in the past 24 hours, with nearly 18,500 holders and around $2.4 million in liquidity. 
$METIS was last around $28 per token, having pumped as high as $35 per token earlier in the session, with bulls eyeing a retest of 2023 highs in the $45 area. 
<h2 id="injective-inj">Injective ($INJ)</h2> 
 Finance-focused layer-1 blockchain Injective’s native token $INJ is up around 10% on Monday, as per <a href="https://app.uniswap.org/tokens/ethereum/0xe28b3b32b6c345a34ff64674606124dd5aceca30">Uniswap</a>. 
$INJ isn’t exactly a low-cap coin, with a market cap of around $2.8 billion as per <a href="https://www.dextools.io/app/en/ether/pair-explorer/0x6c063a6e8cd45869b5eb75291e65a3de298f3aa8">DEXTools</a>. 
The token has seen 24-hour trading volumes of around $8 million, has over 25,000 holders and liquidity of around $1.8 million. 
$INJ’s latest rally saw it print a record-high price just below $34 per token on Monday. 
<h2 id="open-exchange-token-ox">Open Exchange Token ($OX)</h2> 
 Decentralized spot, derivatives and claims exchange the Open Exchange’s native token $OX is up an impressive 9% in the last 24 hours, as per <a href="https://app.uniswap.org/tokens/ethereum/0x78a0a62fba6fb21a83fe8a3433d44c73a4017a6f">Uniswap</a>, making it a top performer. 
The token last had a market cap of around $42 million, with around $1 million having changed hands in the past 24 hours, with 5,640 holders and with $2.4 million in liquidity, as per <a href="https://www.dextools.io/app/en/ether/pair-explorer/0x2cad29e9640b9bcfb1d8d25cf3e4bd05f55cce70">DEXTools</a>. 
Despite the Monday pump, $OX’s price was last at $0.0145 where it remains locked within recent trading ranges and still a long way from its summer record price highs in the $0.08 area. 
<h2 id="crypto-alternatives-to-consider">Crypto Alternatives to Consider</h2> 
 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&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 utilize affiliate links within our content, and receive commission.

Biggest Crypto Gainers Today on Uniswap – METIS, INJ, OX

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