Top Performers and Notable Moves

Since the previous day, the coin whose price performed the best out of the 131 coins we are observing was Nano, which gave its holders a 14.12% day-over-day return. Other notable currencies were Chainlink, iExec RLC, and CyberMiles, which experienced daily returns of 13.1%, 11.95%, and 10.95% respectively. The moves in all these coins were a bit surprising, in that they were well outside of the trading range normally associated with each of the currencies in question.

Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

The Crypto Big Picture

In the past day, the average percent change in price for the coins in our index was a move up 2.4192%. On a more granular level, 79% of the coins we’re tracking were up while 21% of the coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. 7 coins have crossed their 20 day moving average over the past 24 hours; these currencies may be of interest to traders interested in strategies involving trading around the 20 day moving average.

Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Which Currencies Had Major Price Moves?

Those 7 coins are: district0x, Komodo, Tierion, Litecoin, AppCoins, Insolar, Nano. Likewise, volatility has continued to trend lower and contract for 12 of the 131 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. Below is a chart that zooms in a bit more, showing 4 coins trading below their 20 day moving average and exhibiting contracting volatility. Are these coins ready for a rally?

Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Article by SixJupiter

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