Here are the top crypto gainers today on DEXScreener: RWIF, DUMB, GME.

Market sentiment turned bearish on Tuesday as traders grappled with a surprisingly strong US Producer Price Index report and remarks from Federal Reserve Chair Jerome Powell. Bitcoin and Ether dipped by approximately 2% over the past 24 hours, according to CoinMarketCap. Attention in the crypto space has shifted towards Wednesday's release of US Consumer Price Index and Retail Sales figures, which could potentially influence expectations regarding future Federal Reserve rate adjustments.The decline in Bitcoin and Ether's prices is attributed to the sustained strength of the US economy throughout the year. Traders are hoping for evidence that the recent surge in inflation will abate. While a rebound is anticipated, major cryptocurrencies remain confined within their recent trading ranges, suggesting limited potential for significant price movements in the short term.Illiquid decentralized markets witnessed heightened activity this week due to the controversial return of GameStop icon Roaring Kitty. Numerous meme coins inspired by the 2021 meme stock craze have emerged in response.Among today's top gainers listed on decentralized exchanges, Roaring Kitty Wif Hat (RWIF), a combination of dogwifhat and Roaring Kitty, stands out. Since its inception, RWIF has surged by an astonishing 95,000% in the past 24 hours and boasts a market capitalization of $2.7 million. The coin has attracted 1,300 holders and over 250 Telegram members.Despite the excitement surrounding newly minted meme coins, traders should exercise caution, as many such tokens have proven to be fraudulent or pump-and-dumps. Another recently released Solana meme coin, DUMB MONEY, has experienced a remarkable 36,000% surge in value over the past day. The token's market capitalization approaches $900,000 and appears to be inspired by the perception of retail investors as "dumb money" in the meme stock phenomenon.The 2021 meme stock craze is often referenced as an example of "Dumb Money" triumphing over "smart money." While DUMB boasts $100,000 in locked liquidity, its legitimacy remains questionable. Notably, BNB traders have also ventured into the meme coin market with their own GameStop token.Investing in newly issued meme coins carries inherent risks. While some might achieve dramatic gains, the vast majority are likely to falter, leaving investors unable to recoup their investments. The rapid price fluctuations often trigger fear of missing out (FOMO), leading traders to neglect proper due diligence.As an alternative to directly investing in newly minted meme coins, traders can consider investing in presales. Such offerings provide investors with more time to assess the project's potential before committing capital. Experienced analysts at Cryptonews diligently monitor the presale market and maintain a list of promising presales for 2024.