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Biggest Crypto Gainers Today on DEXTools – BOBA, SHIBA, GAMER

today 10/18/2023
The biggest gainers in the cryptocurrency market today on DEXTools are BOBA, SHIBA, and GAMER. Bitcoin (BTC) is currently trading at a flat level in the mid-$28,000s after reaching its highest point since early August. This increase was initially fueled by fake rumors of the SEC approving BlackRock's spot Bitcoin ETF application. However, despite the rumors being debunked, there is still optimism that spot Bitcoin ETF applications will be approved in the future after the SEC's decision not to appeal a legal loss against Grayscale. This could explain why Bitcoin has maintained its value despite a spike in US yields due to positive retail sales data. Ether (ETH) continues to underperform compared to Bitcoin, and other major altcoins like XRP, Dogecoin, and Cardano are experiencing mixed results. In the absence of significant activity in the blue-chip crypto markets, traders are turning to the highly volatile shitcoin/meme coin markets for potential gains. Among the top-performing low-cap shitcoins on DEXTools are BOBA, SHIBA, and GAMER. However, it's important to exercise caution when investing in these coins as they have concerning aspects to their contracts, according to DEXTools' security audit. Additionally, for those seeking higher probabilities of near-term gains, participating in crypto presales can be considered as a high-risk, high-reward investment strategy. These presales involve buying tokens from new crypto projects to support their development, and they have a history of delivering exponential gains. However, investing in crypto is a high-risk endeavor, and this article is provided for informational purposes and should not be considered investment advice.
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