Yesterday’s Movers and Shakers
Since yesterday, the coin that fared the best out of the 133 coins in our index was BlockMason Credit Protocol, whose price is up 27.12%. The next three best performing currencies were Streamr DATAcoin, Gifto, and Crypto.com, which gave holders daily returns of 17.86%, 11.27%, and 10.54%. 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
Overall, the average change in coin price for the coins we’re tracking was up 0.3609%. Specifically, 58 coins in our index were up while 74 were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 5 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.
Currencies With Significant Price Moves
The coins that crossed their moving average are: Populous, Aion, Neblio, IOST, Horizen. Likewise, volatility has continued to trend lower and contract for 17 of the 133 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