Top Performers and Notable Moves
Since yesterday, the coin that fared the best out of the 134 coins in our index was Agrello, whose price is up 36.94%. Other notable currencies were Chainlink, Basic Attention Token, and Waltonchain, which experienced daily returns of 14.9%, 10.88%, and 9.7% respectively. These moves were quite significant, in the sense that they were well outside of the volatility each of the respective coins had seen for the past two weeks.
Was the Crypto Market as a Whole Up or Down?
In the past day, the average percent change in price for the coins in our index was a move down -1.3682%. Drilling down, we see that 43 coins we’re tracking were up while 91 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 6 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in.
Which Currencies Had Major Price Moves?
Those 6 coins are: Litecoin, IOST, Viberate, Insolar, Lisk, Agrello. Volatility traders may also wish to note that 86 of the 134 we are monitoring have had their volatility contract over the past two weeks. Contracting volatility often leads to a big move in price, so this may be something to monitor. 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