Yesterday’s Movers and Shakers
Over the past day, the top performing coin out of the 133 coins we are tracking was Chainlink, which offered a day-over-day return 17.53%. The next three best performing currencies were GXS, Lunyr, and Populous, which gave holders daily returns of 15.21%, 7.84%, and 6.91%. 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.
The Crypto Big Picture
In the past day, the average percent change in price for the coins in our index was a move up 0.5243%. Drilling down, we see that 74 coins we’re tracking were up while 59 coins were down. The chart below shows the average daily change for all the coins in our index over time. 16 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
The coins that crossed their moving average are: Zcash, Insolar, GXS, VIBE, Litecoin, SingularityNET, BlockMason Credit Protocol, THETA, Raiden Network Token, AppCoins, Streamr DATAcoin, Eidoo, NULS, Aeron, Pundi X, Loom Network. Likewise, volatility has continued to trend lower and contract for NA 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