The post 3 Top Cryptos That Can Turn Your Wallets Green: SUI, ZEC, HNT? appeared on BitcoinEthereumNews.com.

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. Fear & Greed Index | Source: alternative 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. Gainers 7.D | Source: CoinMarketCap 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, & HNT, respectively. Will Grayscale Involvement Lead to a Rally in SUI? The Grayscale news has ignited the SUI bulls, as they have created Grayscale SUI Trust (SUI).  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.  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. 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…

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Filed under: News - @ August 10, 2024 9:12 pm