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.
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.
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?
Article by SixJupiter