Best Crypto Gainers Today, December 11 – Tezos, MYX Finance, Zcash

Highlights:

• Top crypto gainers today include Tezos, MYX Finance, and Zcash, all showing resilience despite a market dip.
• Tezos is on a 6% rise, supported by a potential price reversal, with targets of up to $6-$8.
• MYX Finance shows positive momentum, with RSI and MACD signals hinting at a new rally.

Bitcoin price dropped to lows of $89K today, dragging the rest of the crypto market down. The global crypto market cap plummeted to $3.06 trillion, erasing $160 billion, while the trading volume declined to $150 billion. Despite this broader decline, some tokens displayed resilience by recording massive gains over the last 24 hours. In the section below, let’s discuss the top crypto gainers today, such as Tezos, MYX Finance, and Zcash.

Top Cryptocurrency Gainers Today

1. Tezos (XTZ)

Tezos has emerged as the best crypto gainer today after recording a surge of 6% over the last 24 hours. This latest bullish momentum follows the uptrend observed on the weekly chart, whereby the altcoin gained 4%. As of this writing, XTZ is exchanging hands at around $0.5165, with a market capitalization of $550 million.

Crypto analyst Altcoin Pioneers has shared insight regarding Tezos price movement, with a focus on a falling channel formation in the 3-week chart. This is the fourth time since 2020 that the price has hit the lower boundary of about $0.40-$0.45. The recent bullish engulfing candle is an indication of a possible reversal, as supported by a volume spike, an RSI of 42, and a positive MACD histogram.

Looking ahead, breaking above the midline of the channel at $0.85 may result in short-term targets of $1.20-$1.50. The analyst predicts a mid-2026 price range of between $3.00 and $3.50 and a longer term of up to $6-$8.

2. MYX Finance (MYX)

After declining by 10% over the past week, MYX is reversing upwards again with a surge of 5% on the daily chart. Currently, the price is hovering around $3.04 with a market cap and trading volume of $765 million and $33 million, respectively. 

MYX is poised for a new upward rally as several indicators turn positive. The relative strength index (RSI), which had dropped toward the oversold region, is reverting back and has reached 52 levels in the neutral zone. 

Meanwhile, the moving average convergence divergence (MACD) also shows a buying pressure in the market. The MACD line is on the verge of crossing above the signal line, indicating a shift from the downturn as bulls take the lead.

3. Zcash (ZEC)

Zcash is recovering as the price retraced the $450 mark today following the deeper correction from highs of $700. Over the past week, ZEC’s price has surged by over 25% despite the broad market volatility. Its market cap and trading volume are standing at around $7.30 billion and $1.20 billion, respectively.

Zcash developers recently suggested a dynamic fee system to deal with the increased transaction costs. The existing fixed fee model created some issues, particularly as the value of ZEC rose, and transactions became even more costly. The new strategy computes base charges using the median of the past 50 blocks, which makes the costs fairer. 

Moreover, it adds privacy controls, rounds charges to blur user movements, and has a priority queue of high-demand transactions. This suggestion, as outlined in ZIP-317, will be implemented in stages. It will initially run in data collection mode, and additional analysis will inform the ultimate consensus modification.