Yesterday’s Movers and Shakers

Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was BQX, which gave its holders a 21.38% day-over-day return. Other notable currencies were Blox, Siacoin, and Bitcoin Gold, which experienced daily returns of 13.08%, 11.79%, and 7.46% 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.

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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 -3.2934%. On a more granular level, 24% of the coins we’re tracking were up while 76% of the coins were down. The chart below shows the average daily change for all the coins in our index over time. 22 coins are especially close to their 20 day moving average, and thus may be worth watching for technical traders who view the 20 day moving average as a key support/resistance level.

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Which Currencies Had Major Price Moves?

Those 22 coins are: Crypto.com, Moeda Loyalty Points, AirSwap, Bitcoin Gold, TRON, Storj, NULS, Tierion, Decentraland, AdEx, Populous, Time New Bank, Gifto, aelf, Bread, Nano, Storm, NEM, Wanchain, Golem, QuarkChain, Siacoin. Volatility traders may also wish to note that NA of the 133 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?

READ  Horizen, IoTeX, Everex and CyberMiles Fare the Best in Crypto; Coins as a Whole Down 1.55% Overall, 116 Coins Have Contracting Volatility

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Article by SixJupiter

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