The Big Winners From Yesterday
Over the past day, the top performing coin out of the 133 coins we are tracking was Dent, which offered a day-over-day return 22.59%. Rounding out the top four currencies for the day were Litecoin, aelf, and AppCoins, which provided holders with returns of 19.2%, 18.47%, and 16.97% for the day. 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?
Since yesterday, the average change in the price of coins in our index was a move up 2.3986%. Specifically, 94 coins in our index were up while 39 were down. The chart below shows the average daily change for all the coins in our index over time. 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.
Which Currencies Had Major Price Moves?
Here’s a list of the specific coins that crossed their key moving average level: Komodo, Lisk, Neblio, Nano, Mainframe. Volatility traders may also wish to note that 14 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. The chart below drills down a bit more, featuring 4 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom?
Article by SixJupiter