Trading conditions will remain steady ahead of Wednesday's key Fed meeting, with traders looking to the SHITCOIN/MEM market for opportunities for volatility.
Here are some of the best results according to DEXTools.
PogeX ($POGEX)
According to DEXTools, a new shitcoin called PogeX ($POGEX) has grown nearly 500% to a market cap of over $2 million, making it one of the top micro-coins.
The token has already managed to gather around 500 owners and partially closed more than $300,000 in liquidity.
Its token deal appears to be fine except for the 3% purchase and sale tax discovered during the GoPlus security audit.
PogeX claims to be the first centralized exchange that focuses primarily on meme coins through mockups and derivatives, calling itself the next big meme project.
XMoon ($XMoon)
Another new shitcoin called XMoon surged nearly 300% from its DEX launch price on Tuesday, according to DEXTools, another strong performance in the small coin market.
However, the token has reached a paltry market capitalization of $110,000 despite having over $200,000 in liquidity, even though this liquidity is not locked in, meaning the token may be a scam.
According to a partial security audit conducted by DEXTools, with a trading volume of less than $100,000 in the last 24 hours, $XMoon has managed to gather more than 200 holders and its token does not appear to have any problematic aspects.
Dark Forest ($DARK)
An old shit coin (standard meme coin) called Dark Forest ($DARK) is trying to make a comeback.
According to DEXTools, $DARK has gained nearly 150% in price over the past 24 hours, making it one of the best performing low-cost coins.
$DARK last traded at $0.07 per token after hitting $0.03 on Monday.
But the token is still below its mid-August high of $1.17.
The company's last market capitalization was approximately $350,000, with more than $70,000 in liquidity and more than 1,200 owners.
A security audit conducted by DEXTools uncovered several critical aspects of the token contract, including features that allow token issuers to interfere with trading and change the token tax, which is already 5% for purchases and 5.5% for sales.
There are eight warnings in total.
Dark Forest describes itself as a "modern" platform designed to provide users with an intuitive interface and tools to navigate the Ethereum Mempool.
Crypto alternatives are worth considering
Shitcoins are extremely dangerous because most of them have no real value.
Those seeking greater opportunities for short-term gains should consider an alternative high-risk, high-reward investment strategy: engaging in cryptocurrency trading.
Here, investors buy tokens from initial crypto projects to finance their development.
These tokens are almost always sold very cheaply, and have a long history of pre-sales that generate huge exponential returns for early investors.
Many of these projects have great teams and a great vision to build a revolutionary cryptographic application/platform.
If an investor identifies such projects, the risk/reward of pre-sale investment is very high.
The Cryptonews team spends a lot of time reviewing pre-sale projects to help investors.
Here is a list of the 15 best crypto sales of 2023 by project.
Check out 15 cryptocurrencies
Note. Cryptocurrency is a high-risk asset class. This article is for informational purposes only and does not constitute investment advice. You can lose all your capital.