Price Analysis

Top Crypto Gainers on September 8th – EGLD 25%, ZEC 12%, RUNE 7%

Elrond is presently riding a strong bull market, leading on with around 25% gain on our 24-hour top gainer’s list. Amid this diminishing alt season occurrence, Bitcoin slumped to unexpected lows, just before the end of last week.

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While trying to hold the $10,000 support level, the top cryptocurrency has now gained about 2% in the last 24 hours, jumping towards $10,250. Ethereum on the other hand is seen to mirror the effect also with around 3% within the same time frame. Ethereum has now settled around the $235 level as more upside is expected.

Below is the list of the crypto markets top performers of the last 24 hours. Some more than others, all featured cryptocurrencies sure left investors with loads of surprises and expectations.

#1. Elrond (EGLD 25% Gain):

elrond-charts

Elrond takes the top spot on today’s list with an impressive 25% gain in the last 24 hours. 

The coin’s market attitude is altogether bullish with 90% of market respondents voting for a bullish run as the trading day stretches into maturity.

EGLD’s price history comprises majority of the lower time frames. On the 24 hours metric, as we already know, the coin gained over 25% and is also positive in the 1-hour timeframe with around 3% gain.

EGLD is currently trading at $14.98 amid a 24-hour market capitalization of $204 million. Within several exchanges, more than $15.2 million EGLD was exchanged in the last 24 hours. 

Technical Points

  • Next key resistance level at $15.0
  • Immediate level of major support lies at $13.0
  • Market bias is generally an uptrend.

#2. Zcash (ZEC 13% Gain):

zcash-charts

For the first time this week, Zcash joins our list of top gainers. The top cryptocurrency is second on this list having gained around 13% within the last 24 hours. 

The coin’s market position is quite positive as traders tend to create long positions in the hope of future gains. 81% of traders are bullish on ZEC. 

Zcash is undergoing some community disruption and has advised node operators to perform a version upgrade to the latest available. This may be part of the reasons for a short term bullish sentiment. 

Within the last year, ZEC is up 33% but also lost 32% in the last one month. The coin is currently trading at $62.64 with market cap stabilizing at $624 million. 

Technical Points

  • General market bias is an uptrend
  • Next support level at $60.0
  • Next key resistance level at $64.0

#3. ThorChain (RUNE 7% Gain):

thorchain-charts

Rune is third on this list with a minor gain of around 7% within the last day.

The top gainer has a reasonable market sentiment as around 80% of traders are going long on RUNE.

In the one year timeline, RUNE gained 3,839% and has gained throughout many other timeframes. In the last month, the coin records 11.2% gain and counting to date.

RUNE is currently changing hands at $0.73 as its market capitalization hovers around $154 million.

Technical Points

  • The next level of major resistance fibs at $0.76
  • Immediate support level at $0.72
  • The general market bias is an uptrend

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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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