Top 3 Crypto Gainers on August 11th – Theta, XTZ, And MIOTA. Is it Worth Investing?

Written by: Dare Shonubi

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Dare Shonubi

Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.

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Aug 11, 2020


Amid the ongoing bull markets, BTC seems to compare lesser in gains to major altcoins like Chainlink which have caught the markets by surprise. Tezos [XTZ] is making the headlines for the first time this week.

The top cryptocurrency, alongside other altcoins like MIOTA and Theta, is making rounds of gains. Within the last 24 hours, Tezos spots the limelight with a 13.29% profit as prices wave towards the $4.3 level.

On our list of top gainers today, we feature some of the usual suspects which have recorded significant traction within the past 24 hours. Altogether accumulating around 50% uptrend, XTZ, MIOTA, and Theta have left investors in gains and increased their optimism.

#1. Theta Network (THETA 15.77% Gain):

THETA leads the top gainers today with an incredible 15.77%. The coin crosses key points to make the spot light today.

theta network

Theta maintains an excellent market performance with 230% yearly gain. Also, in the one-month time frame, THETA is up 50% and 31% in the past week. 

Technical Points

After breaking the $0.36 resistance level, the immediate level of key resistance lies at $0.38. THETA experienced difficulties in breaking the $0.38 level properly and therefore swings into a ranging pattern between. $0.38 and $0.4.

*  The next major resistance lies at $0.38

* Next Key support exists at $0.36

* RSI penetrates the overbought condition and may fall slightly soon.

#2. Tezos (XTZ 13.29% Gain):

Tezos is currently trading at $4.2 with further uptrend possible in the short term. The coin maintains a good market sentiment as traders swing bullish, driving its price towards higher heights.


Tezos is up 13.29% in the past 24 hours. In the 2-week timeline, however, the coin has gained about 50% while it also recorded around 200% in the one-year timeframe.

Technical points

XTZ/USD 24-hour graph shows three major resistance levels. The initial exists at $3.8 while the next lies immediately upwards at $4.0. As prices struggled out of those two zones, the next resistance at $4.4 proved a bit difficult as prices failed to break the level.

* Next major resistance lies at $4.4

* Next major support lies at $4.2

* The Resistance Strength Index has penetrated the 80.0 RSI level and may cause a retracement shortly.

#3. IOTA (MIOTA 12.59% Gain):

MIOTA is next on today’s list. The coin is up around 13% in the past 24 hours.

iota miota

Today is, just like we saw in Tezos, the first time this week that MIOTA appears on the top gainers’ list. The top cryptocurrency has been a bit out of place without any gains for a while now.

MIOTA sees gains in many timelines including the yearly and monthly, both of which are 52.1% and 59.1% respectively. The gains extend till the last hour with a 1.9% profit.

Technical Points

MIOTA increased progressively and broke key resistances effortlessly to touch $0.41. At the apex, however, MIOTA bounced off the $0.41 level and retraced a bit downwards towards $0.4.

* Next major resistance level at $0.42

* Next key support at $0.40

* RSI is parallel at the 20.0 level with the upside being imminent.

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Dare Shonubi

Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.

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