Greed

bullish

Rally

Zcash

Coin

As the top cryptos with the biggest market cap drag the larger market, it creates a ripple effect. As a result, traders and investors either enjoy the gains or suffer losses in their holdings, per the market sentiment. 
Meanwhile, market sentiments shifted from the fear phase to the greed phase, from yesterday’s extreme fear of ’20’. This has needled to neutral at ’48’. Thus, it signified that fear among the many has been reduced lately. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1005" height="466" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-92.png" alt="Fear &amp; Greed Index | Source: alternative" class="wp-image-657646" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-92.png 1005w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-92-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-92-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-92-150x70.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-92-696x323.png 696w" sizes="(max-width: 1005px) 100vw, 1005px">
 <figcaption class="wp-element-caption">
 Fear &amp; Greed Index | Source: alternative
 </figcaption>
</figure> 
BTC on the daily chart had broken down earlier from an ascending wedge. It had slipped to the critical support of $51,476 by August 5th, 2024. 
However, the demand zone stopped the fall, and buyers started buying the dip. It led to impulsive buying, which created a liquidity grab wick. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="140" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-91-1024x140.png" alt="Gainers 7.D | Source: CoinMarketCap" class="wp-image-657641" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-91-1024x140.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-91-300x41.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-91-768x105.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-91-1536x210.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-91-150x21.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-91-696x95.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-91-1068x146.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-91.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 Gainers 7.D | Source: CoinMarketCap
 </figcaption>
</figure> 
BTC had grown more than 25% this week, igniting a broader market with its surge. The top 3 cryptos that manifested the most gains this week were SUI, ZEC, &amp; HNT, respectively. 
<h2 class="wp-block-heading" id="h-will-grayscale-involvement-lead-to-a-rally-in-sui">Will Grayscale Involvement Lead to a Rally in SUI?</h2> 
The Grayscale news has ignited the SUI bulls, as they have created Grayscale SUI Trust (SUI).&nbsp; In the intraday session, SUI, the 34th-ranked crypto, attained nearly 31% gains after the news. 
When writing, the bullish boost gave SUI price and market cap a thrust upwards of 6%. This amounted to $1.66 Billion.&nbsp; 
The spot volume inflow was more than 51% higher at $386 Million, and the market cap surged 31%. It reached an amount of $2.1 Billion.  
<a href="https://in.tradingview.com/chart/SUIUSD/IemndLik-Will-Grayscale-Involvement-Lead-To-A-Rally-In-SUI/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a>  
At press time, SUI has risen from a historically proven demand zone, where history has shown a multifold surge from the zone. 
The price pierced the 50-day EMA, and with continued Grayscale presence, the price could blast off for a further rally beyond the 200-day EMA, which could lead to a retest of the supply level.&nbsp; 
<h2 class="wp-block-heading" id="h-top-crypto-gainers-will-hnt-surpass-its-ath">Top Crypto Gainers: Will HNT Surpass its ATH?</h2> 
Helium (HNT), the second in the list, has gained more than 20% in price and market cap, reaching $979 Million. Meanwhile, its spot volume grew by 65%, amounting to $24.6 Million. 
At press time, its price has traded at $6.09 after breaking out from the upper border of the falling wedge. After the recent fall on August 5th, the price continued thrusting higher after forming a pullback.&nbsp;  
<a href="https://in.tradingview.com/chart/HNTUSD/jpfY0UkT-Will-HNT-Surpass-Its-ATH/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a>  
The indicators, like EMAs, have been signaling further bullish advancement and are backing the price. This week, the growth witnessed was more than 80%. 
<h2 class="wp-block-heading" id="h-how-long-can-this-breakout-rally-last-in-zcash-zec">How Long Can This Breakout Rally Last in Zcash (ZEC)?</h2> 
At press time, <a href="https://www.thecoinrepublic.com/price-prediction/zcash/">Zcash </a>ranked 3rd in the list with nearly 19% intraday gains. It witnessed massive gains of 50% this week and a spectacular surge of more than 135% growth this month. 
The price has advanced higher after deteriorating from an ATH-ever price to a registered ATL of $15.87 by July 5th. It has surpassed the YTD ATH of $35.62. 
The price structure seemed like a bullish pattern, precisely the falling wedge. ZEC pierced the 50-day and 200-day EMA bands. The recent liquidity grab highlighted the bulls’ urge for more gains.  
<a href="https://in.tradingview.com/chart/ZECUSD/MbSFcdjE-How-Long-Can-This-Breakout-Rally-Last-In-Zcash-ZEC/"></a> <a href="https://in.tradingview.com/u/Sam_TCR/"></a>&nbsp; <a href="https://in.tradingview.com/"></a>  
On continued bullish optimism, there seems to be a higher chance that the price could attain 2023’s yearly highs of $51.68. It is contingent on buyers’ activity. 
The post <a href="https://www.thecoinrepublic.com/2024/08/10/3-top-cryptos-that-can-turn-your-wallets-green-sui-zec-hnt/">3 Top Cryptos That Can Turn Your Wallets Green: SUI, ZEC, HNT?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

3 Top Cryptos That Can Turn Your Wallets Green: SUI, ZEC, HNT?

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 10, 2024

Top Altcoin Picks By Crypto Whales in the First Week of August 2024

DOGE Prediction for August 10

Gemini Fights CFTC’s Rule to Ban Crypto Prediction Markets

IRS Updates Draft Form for Reporting Crypto Transactions, Industry Reacts

Ripple Exec: US Needs ‘Crypto Reset’ After XRP Ruling

Bitcoin Faces Potential Downtrend

Join our free newsletter for daily crypto updates!