Top crypto gainers today: Flare, Monero, Zcash break out – What’s fueling the rally?
The post Top crypto gainers today: Flare, Monero, Zcash break out – What’s fueling the rally? appeared on BitcoinEthereumNews.com. Flare, Monero, and Zcash led daily gainers backed by rising volume and expanding real-world utility. Capital rotation favors low and mid-caps as traders chase on-chain utility over memecoin hype. Flare [FLR], Monero [XMR], and Zcash [ZEC] are stealing the spotlight today with some impressive gains. FLR is breaking out and catching plenty of eyes, while XMR is pushing higher with strong momentum. ZEC is also on the rise, showing some serious upward moves. With all this action happening at once, the big question is: What’s driving this sudden rally? Shift in risk appetite sends low and mid-caps higher Flare is leading the pack today with a strong 8.70% jump, while Monero and Zcash aren’t far behind, posting solid gains of 6.85% and 6.16%. A pretty tight race among the day’s top movers. But it’s not just the numbers that are lining up. All three coins are bouncing nicely off key support levels after cooling off from overheated RSI zones. On-chain action? Also heating up. Flare is going wild with a 255% explosion in volume. Monero and Zcash aren’t slacking either, with respectable bumps of 22.35% and 11.54%. Zooming out, the rotation into low and mid-caps is starting to look a lot more tactical than random. With large-cap altcoins bleeding against Bitcoin [BTC], capital is hunting for relative strength. Case in point: FLR/BTC ratio just ripped nearly 8% in under 48 hours, snapping a month-long downtrend that saw May close with a 10.5% loss. Source: TradingView (FLR/BTC) But it is Zcash that is arguably ahead of the curve. The ZEC/BTC pair posted a clean 10.11% breakout on the 1st of June, propelling price back above the $50 handle. All in all, with the broader market stuck in a bit of a holding pattern, investors are shifting gears toward short-term, quick-hit plays. …
The post Top crypto gainers today: Flare, Monero, Zcash break out – What’s fueling the rally? appeared on BitcoinEthereumNews.com.
Flare, Monero, and Zcash led daily gainers backed by rising volume and expanding real-world utility. Capital rotation favors low and mid-caps as traders chase on-chain utility over memecoin hype. Flare [FLR], Monero [XMR], and Zcash [ZEC] are stealing the spotlight today with some impressive gains. FLR is breaking out and catching plenty of eyes, while XMR is pushing higher with strong momentum. ZEC is also on the rise, showing some serious upward moves. With all this action happening at once, the big question is: What’s driving this sudden rally? Shift in risk appetite sends low and mid-caps higher Flare is leading the pack today with a strong 8.70% jump, while Monero and Zcash aren’t far behind, posting solid gains of 6.85% and 6.16%. A pretty tight race among the day’s top movers. But it’s not just the numbers that are lining up. All three coins are bouncing nicely off key support levels after cooling off from overheated RSI zones. On-chain action? Also heating up. Flare is going wild with a 255% explosion in volume. Monero and Zcash aren’t slacking either, with respectable bumps of 22.35% and 11.54%. Zooming out, the rotation into low and mid-caps is starting to look a lot more tactical than random. With large-cap altcoins bleeding against Bitcoin [BTC], capital is hunting for relative strength. Case in point: FLR/BTC ratio just ripped nearly 8% in under 48 hours, snapping a month-long downtrend that saw May close with a 10.5% loss. Source: TradingView (FLR/BTC) But it is Zcash that is arguably ahead of the curve. The ZEC/BTC pair posted a clean 10.11% breakout on the 1st of June, propelling price back above the $50 handle. All in all, with the broader market stuck in a bit of a holding pattern, investors are shifting gears toward short-term, quick-hit plays. …
What's Your Reaction?
