As bullish momentum returns to the crypto market, traders are flocking to on-chain micro-cap markets in search of quick profits, with blue-chip cryptocurrencies like Bitcoin and Ether experiencing price surges. On-chain markets refer to digital assets issued on existing blockchains, such as the Shiba Inu token on Ethereum. These markets are known for scams and pump-and-dump schemes, but they offer potential for significant rallies. Traders are monitoring top gainers such as TNSR, Notifi AI, and Cloverswap, but caution is advised due to the high level of risk involved in these markets.
TNSR, a newly launched shitcoin, has seen a massive increase of over 1,000,000% since its launch, with $1.2 million in locked liquidity and a market cap of $117,000. However, the token has risks as revealed by Go+ Security’s audit, indicating the potential for a rug pull. Notifi AI, another recently launched decentralized communication protocol, has surged by 656% since its launch, with a market cap of $290,000 and $201,000 in unlocked liquidity. While there are no concerning aspects with the token’s contract, traders should conduct their own research before investing in such high-risk assets.
Cloverswap, a decentralized trading token that launched recently, has surged by 400% since its debut, with a market cap of $376,000 and $325,000 in liquidity. Go+ Security found no issues with its smart contract, suggesting it could be a low-cap gem. However, it is important to remember that there are no zero-risk investments in on-chain markets, and thorough due diligence is essential before entering these volatile markets. Investing in low-cap shitcoins is very risky, as innocent-looking projects could turn out to be scams or subject to substantial price fluctuations due to sell orders.
An alternate, albeit risky, strategy is to participate in crypto presales, where investors can secure tokens of promising projects at discounted prices. While there are risks involved, savvy investors have the potential to achieve significant gains of 10x or more. Analysts at Cryptonews have identified 14 presale projects with high potential, providing opportunities for investors to capitalize on early-stage investments in promising crypto protocols. It is important to exercise caution and conduct thorough research before participating in presales or investing in high-risk assets, as the crypto market is highly volatile and unpredictable.
