The Big Winners From Yesterday
Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was district0x, which gave its holders a 15.42% day-over-day return. Rounding out the top four currencies for the day were QuarkChain, Everex, and Streamr DATAcoin, which provided holders with returns of 14.2%, 10.06%, and 9.78% 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.
A Macro View of the Crypto Market
Overall, the average change in coin price for the coins we’re tracking was up 2.8183%. On a more granular level, 85% of the coins we’re tracking were up while 15% of the coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. 7 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.
Key Price Technicals in the Crypto Market
The coins that crossed their moving average are: Bancor, district0x, Kyber Network, TRON, GXS, Siacoin, Bitcoin Cash. 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?
Article by SixJupiter