Investors in the cryptocurrency market are turning to the highly illiquid and volatile on-chain markets for quick returns as blue-chip cryptocurrencies are experiencing losses due to a hawkish repricing of Fed rate cut expectations. The latest US jobs report was strong, leading to Fed policymakers stating that it is too soon for rate cuts. Bitcoin and other major cryptos like Solana and Dogecoin have seen losses. On-chain markets refer to digital assets issued directly on an existing blockchain, such as Ethereum, and can be traded on decentralized exchanges. Despite the high risk of scams and pump-and-dump schemes, these markets offer opportunities for significant gains.
One of the top crypto gainers today is MUFFIN (MUFFIN), a newly launched token that has surged by 17,000% in 24 hours. Despite its significant gains, the token still has a small market cap and liquidity pool. Another gainer is PRIVAGO (PVGO), a decentralized VPN protocol that has increased by 4,583% in 24 hours. This token has seen high trading volumes and liquidity but has a substantial sell tax that investors should be cautious of. Graphitect Token (GPT) is also a top gainer, with a 2,600% increase in value. This token has trading volumes and locked liquidity, along with a buy and sell tax and a whitelist, making it a risky investment.
Investing in low-cap shitcoins, while risky, can potentially yield significant returns. However, these projects may also be scams, and price fluctuations can be drastic. An alternative strategy is participating in crypto presales, where investors can secure tokens of high-potential projects at discounted early prices. While there are risks involved in presales, savvy investors can often achieve gains of 10x or more. Analysts at Cryptonews have identified 14 presale projects with high potential that investors may consider. It is important to note that investing in cryptocurrencies is a high-risk asset class and does not constitute investment advice.
Overall, the cryptocurrency market is experiencing volatility and losses in blue-chip assets, leading investors to seek opportunities in on-chain markets for potential gains. Despite the risks of scams and pump-and-dump schemes, tokens like MUFFIN, PRIVAGO, and Graphitect Token have seen significant increases in value, attracting traders. Investing in low-cap shitcoins and participating in crypto presales are two strategies that investors may consider, each with its own risks and potential rewards. It is essential for investors to conduct thorough research and due diligence before investing in any cryptocurrency project to mitigate risks and protect their capital.
