# Top Crypto Gainers Today on DEXScreener: SHIN, SPIKE, PEAR

As Bitcoin (BTC) climbs towards its highest levels since mid-May, driven by macroeconomic factors and rising demand for Bitcoin ETFs among US investors, the search for today's top crypto gainers has intensified. Investors are diving into the volatile on-chain markets, hoping to capitalize on high returns.

Bitcoin's Rise Amid Economic Data

Bitcoin surged to $71,700 on Wednesday, following disappointing ADP National Employment data. Earlier, weaker job opening statistics released on Tuesday suggested that the upcoming official jobs report might not be strong. These indicators have fueled optimism about potential Federal Reserve rate cuts in September, despite robust service sector activity.

Rate cut expectations pushed US 10-year yields below 4.30% on Tuesday, their lowest level in over a month. This sentiment has buoyed both US equity and crypto markets, contributing to Bitcoin's rally. With institutional demand growing and political support for crypto rising in the US, Bitcoin is expected to maintain an upward trajectory. A test of $100,000 within the next year appears likely, making Bitcoin a top candidate for investment, especially for beginners.

Using DEXScreener to Identify Top Crypto Gainers

High-risk tolerance traders often seek more significant short-term gains beyond Bitcoin's potential. Smaller, lesser-known altcoins can offer substantial returns, sometimes 5-10x, while those looking for 50x or more must venture into the on-chain markets.

On-chain markets involve tokens issued and traded directly on the blockchain. Dozens of new coins emerge daily, with many being scams or pump-and-dumps. The key to achieving 100x gains is to invest in a coin before it becomes widely popular. Tools like DEXScreener help traders identify top crypto gainers.

Shina Inu (SHIN)

Shina Inu (SHIN), a China-themed version of Shiba Inu, saw a dramatic rise of 87,000% in 24 hours, according to DEXScreener. With a market cap of approximately $5.4 million, SHIN has attracted attention despite a minor issue with its smart contract, as noted by Go+ Security. Traders should exercise caution with newly launched coins.

Spike (SPIKE)

Spike (SPIKE), a new token, surged by 39,700% on Wednesday, reaching a market cap of around $2.1 million. Allegedly based on an early cartoon image by Pepe creator Matt Furie, SPIKE's marketing strategy included gifting Furie 1% of the token supply. However, traders should remember that most new coins do not sustain long-term value.

Pear (PEAR)

Pear (PEAR), a Pear-shaped token inspired by Pepe, increased by nearly 32,000%, with a market cap of around $580,000. PEAR, which calls itself the most memeable fruit on Solana, last reported liquidity of about $90,000.

Conclusion

While tools like DEXScreener can help identify potential top crypto gainers, the highly speculative nature of on-chain markets requires careful consideration. Investors must be wary of scams and pump-and-dump schemes, ensuring thorough research before committing to any newly launched coins.