Top Performers and Notable Moves
Since yesterday, the coin that fared the best out of the 133 coins in our index was AirSwap, whose price is up 21.64%. Other notable currencies were Enigma, Nexus, and Monetha, which experienced daily returns of 10.74%, 10.7%, and 10.69% respectively. These moves were notable not only for their magnitude relative to other coins, but also because they were large and surprising relative to the volatility of each of these currencies over the past two weeks.
The Crypto Big Picture
Since yesterday, the average change in the price of coins in our index was a move down -0.3895%. Drilling down, we see that 45 coins we’re tracking were up while 88 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. 20 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.
Currencies With Significant Price Moves
Here’s a list of the specific coins that crossed their key moving average level: Crypto.com, OmiseGO, Ethereum Classic, AirSwap, TRON, Komodo, Basic Attention Token, Decentraland, Cardano, OST, VIBE, Aeternity, Zilliqa, NEM, Golem, Loom Network, Civic, IoTeX, SingularityNET, Nexus. Also of note is that NA of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. 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