YFI Keeps Up Great Momentum At 18% Daily Gain As RUNE, MIOTA Make Good Profits

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 21, 2020


    YFI continues to push towards $15,000

    RUNE joins top gainers for the first time this week

    MIOTA moves again, aims $0.5

The crypto markets are stabilizing a lot ahead of the weekend. Apart from YFI and limited other Defi tokens that are however pushing on hard, many others appear to have taken a pause out of the continuous bull run.

Although analysis makes further profits in many altcoins, bitcoin seems to be maintaining up the pace in its quest for the $12,000.

In today’s list of top gainers, the usual players are seen making decent gains into higher highs. Meanwhile, relatively less popular tokens are also struggling to draw some attention.

#1. (YFI tokens 17.7% Gain):

YFI had a neat market grasp within the last 24 hours. In the timeframe described, the coin earned around 17.7% to maintain a week-long market gain which accumulated to around 121.8%. (YFI tokens 17.7% Gain)

At the time of writing this piece, YFI is trading at $14,800 while pacing ahead the $15,000 mark. This is about a 195% change in the biweekly time frame.

The coin overcame the $14,000 resistance level and went past the next opposition at $14,500. Before midday, FYI tested the price level at $15,000 but failed to break the level properly. It later fell below to build key support at $14,800.

Within the last 30 days, FYI gained around 1,000% to register a substantial profit amid the top gainer’s cryptocurrencies of the ongoing bull season.

  • Next level of major resistance at $15,000
  • Next level of major support at $14,500
  • RSI has leveled out at the 90.0 level and seems to need a slight retracement.

Also Read : Yearn Finance: A 3 Minutes Guide to YFI Token

#2. ThorChain (RUNE 16.18% Gain):

Rune earns a top position with around 17% gain within the last day. This percentage gain adds to a list of accumulating profits the coin has made within the week.

ThorChain chart

The top gainer has a very bullish market opinion as nearly 80% of traders are going long on RUNE.

In the one year timeline, RUNE earned $4,319% and has also gained through other timeframes. In the last week, the coin listed 48% gain and counting till date.

RUNE/USD occurs to have begun a slight price retreat. In the short bearish action, prices may likely fall to $0.90 where the major support level exists. Beneath the point, strong support exists at the $0.90 area.

Technical Indicators

  • Next level of major support at $0.9
  • Next resistance level at $0.98
  • RSI has penetrated the overbought condition at 80.0

RUNE is directly changing hands at $0.90 as its market capitalization rides around $179 million.

#3. IOTA (MIOTA 10.73 Gain):

MIOTA is the last coin in this classification on our top gainer’s roster of the day. The top gainer is up by almost 11% in the last 24 hours. The coin’s market sentiment is almost entirely bullish with 90% positivity.

Iota chart

MIOTA is still up by nearly 71% since last year and up by 1.0% since the last hour. However, the coin improved by 61.6% within the last month and is up by around 14.2% in the last seven days.

MIOTA is currently trading at $0.42 with its 24-hour market cap stable at $1 billion. In addition, the coin’s exchange volumes within the last day are $30 million.

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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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