Top Crypto Gainers in Micro Cap On-Chain Markets – April 11, 2024
Today in the world of cryptocurrency, the top gainers are not the usual suspects like Bitcoin or Ethereum, but rather some lesser-known tokens in the micro-cap on-chain markets. RWA, PoP, and PARO are making waves with their impressive gains, but traders beware, these markets are not for the faint of heart.
In the highly volatile and illiquid micro-cap on-chain markets, traders are seeing gains of 20-100x in just one day. However, these markets also come with extreme risks, as many tokens launched each day are scams or pump-and-dumps.
One of the top gainers today is RWA-AI (RWA), a token that claims to combine real-world assets and AI. Since its launch, it has seen a 6,000% increase in value, but traders should be cautious as there are concerns about its smart contract.
Another token on the rise is PondPay (PoP), which promises secure payments among anonymous Web3 users. While it has seen a 567% increase in the past 24 hours, there are red flags surrounding its utility and smart contract.
Lastly, Parobot (PARO) is up 356% one day after launch, with $260,000 in locked liquidity and $1.9 million in 24-hour volumes. However, traders should be aware of the pausable token transfers and buy/sell tax associated with this token.
While these gains may be tempting, it’s important for traders to do their own research and never invest more than they can afford to lose. The world of on-chain markets is full of risks, but for those willing to take the chance, the rewards can be substantial.
