Top Gainers Of 17th August: OMG Gains 50%, WAVES 32%, LEND 12%. What Next?

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 17, 2020

Article Highlights
  • OMG is the top gainer today with 50%

  • WAVES gains 34% in one day

  • LEND continues gains with 14%

The crypto markets stabilized a lot over the weekend. Apart from LINK and a few other Defi tokens that are still pushing on hard, many others seem to have taken a break out of the ongoing bull run.

Although analysis point to further gains in many altcoins, bitcoin seems to be keeping 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. OMG Network (OMG 50.4% Up):

After its popular rebranding from OmiseGo, OMG is taking a top spot in the free markets. The coin is up by 8% since the last day.


Over 94% of market respondents are positive on OMG and it looks like the top coin is liable to submitting gains to cancel out its year loss.

Within the last one year, OMG gained 148% and has listed gains in all other time frames since last year. It lists 93% gains since last month and 70% since last week. Approximately 1.4% gain has also been recorded in the last hour.

The current price is $2.91 with an average market cap of $404.5 million. Also, more than $495 million of volumes was recordedgainer’s past 24 hours.

Technical Points

  • Prices set support at the $.275 level
  • The next level of major resistance lies at $3.0
  • Resistance Strength Index (RSI) is flat at 10.0 oversold condition.

#2. Waves (WAVES 32.2% Up):

Waves have repeatedly made the headlines previously. The coin gained considerably to secure the top gainer’s list today. Waves made roughly 33% profit within the last 24 hours.


The market opinion is bullish for Waves. 80% of traders chose for a buy, stipulating additional upward profit potential for this cryptocurrency.

WAVES is in earnings since last year. The coin is up by almost 277% in a year and by 211% within the last 30 days. 134% gain was recorded within the last seven days and roughly 5.8% in the last hour.

Technical Indicators

  • Next major resistance at $4.50
  • Next major support level at $4.25
  • Resistance Strength Index rose through the 30.0 oversold condition

Bullish ride trends on top of Bollinger indicator.

WAVES is changing hands at $3.34 and its market cap is stable around $456 million.

#3. Aave (LEND 12.0% Gain):

Having accomplished gaily within the last year with around 16,000% profit, the coin gathered earnings last month with 89.9%. At the same time, last week, LEND gained around 40%. The cryptocurrency is down 0.1% in the last hour.


Now changing hands at $0.54, it seems the market understanding is bullish in the short term. 85% of market respondents are bullish while 15% remain bearish on LEND.

Technical Indicators

LEND/USD glares bullish with prices soaring above the lid of the Bollinger Band. There’s an evident price increase above the Bollinger top where prices may head to the $0.65 level.

  • Next major resistance lies at $0.65
  • Next key support level at $0.52
  • RSI penetrated the 70.0 level and further move upwards seems highly possible.

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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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