Bitcoin is currently trading just above $64,000 as the issuance rate is halving, leading traders to turn to on-chain crypto market monitoring tools like DEXScreener. On-chain markets refer to crypto assets issued and traded directly on the blockchain, with Ethereum, Solana, and BNB being the most commonly used chains for these transactions. These markets are highly illiquid compared to centralized exchanges, making them volatile and prone to scams. Scammers often insert malicious code into token smart contracts to create unfair trading conditions or engage in pump-and-dump schemes, causing unsuspecting investors to suffer losses. Investors commonly look for “locked liquidity” to protect themselves from rug pull attempts.
Some of the top crypto gainers in the on-chain markets include RunesBot (RBOT), BitRunes (BRUNES), and Alien King (ALK). RunesBot, an Ethereum token designed for a Telegram trading bot within the Runes ecosystem, has seen a 26,000% increase in value in the past 24 hours, with a market cap of $1.8 million and $200,000 in locked liquidity. BitRunes, a token that allows users to bridge their funds from Ethereum to the Bitcoin network through the Rune Launchpad, has surged by 150,000% with a market cap of $9.5 million. Alien King, a meme coin launched on Base, has increased by 11,500% with a market cap of $1 million and $244,000 in locked liquidity.
Investing in low-cap cryptocurrencies carries a high risk, as projects may turn out to be scams or experience significant price drops due to large sell orders. An alternative strategy that involves less risk but potentially higher rewards is participating in crypto presales. In crypto presales, investors can secure tokens of promising projects at a discounted price, allowing them to benefit from future price appreciation as the project develops and gains traction. While there are risks involved in presales, investors have the potential to earn significant returns, with some achieving gains of 10x or more. Analysts at Cryptonews have identified 19 presale projects with high potential for investors to consider.
It is important to exercise caution when engaging in on-chain markets or investing in low-cap cryptocurrencies or presales. Scammers often target these markets due to their lack of regulations and high volatility, making it easy for them to manipulate prices and deceive investors. By conducting thorough research, looking for locked liquidity, and being aware of the risks involved, investors can protect themselves from potential scams and make informed decisions when trading in these markets. It is essential to remember that cryptocurrency investments carry high risks and can result in the loss of capital, so it is crucial to approach these investments with caution and a thorough understanding of the market.
