NewsPrice Analysis

Top Defi Gainers on 23rd September: OMG 12%, SNX 8%, COMP 4%

The crypto market is not without much surprises within the last 24 hours. Although bitcoin still remains static but showing signs of an inbound price revival, many alternate coins are taking alternate routes to either make massive gains or sink in the process.

The general crypto market is experiencing a second wave of alt season since the last one in 2017.

#1. OMG Network (OMG 13% Up):

OMG Network

After its popular rebranding from OmiseGo, OMG is taking a top spot in the free markets. The coin is up by 13% since the last day.

Around 90% of market respondents are bullish on OMG and it seems the top coin is en route accepting gains to cancel out its year loss.

Within the last one year, OMG gains roughly 117% and has recorded gains in some other time frames since last year. It records 53% loss since last month and 14% since last week. About 1% gain has also been recorded in the last hour.

The current price is $2.99 with an average market cap of $418 million. Also, over $326 million of volumes was recorded on the last day

Technical Points

  • OMG breaks resistance at $2.90
  • Next level of major resistance lies at $3.0
  • Major support lies at $2.75 level.

#2. Synthetic Network Token (SNX 8% Up):

SNX chart

SNX takes the second place on our list today. The crypto gained around 8% since the last day.

Almost 80% of market respondents think SNX will accrue more gains into the ripe of the trading day.

The coin is one of the top gainers in a one-year timeline with about 732% gain since last year. SNX lost around 28% since last month and 10% since last week. 

The gains accrued is in combination with Defi token rallying recently due to institutional interests in crypto expressed recently by Grayscale.

SNX currently trades at $4.04 with an average daily market cap of $492 million.

#3. Compound (COMP 4% up):

COMP chart

COMP attains the next spot on this list with approximately 4% 24-hour gain.

Although with alternate ups and downs, we see COMP thriving against its USD pair steadily. Finally, the 32nd crypto by market capitalization was able to stick the landing at $140.2 as the bulls charge upwards for further profits.

Market belief remains bullish as roughly 80% believe there is more bullish move inbound.

Technical Points

  • Prices broke major resistance at $140
  • Next key support level lies at $140.0
  • Next major resistance waits at $145
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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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