Yesterday’s Movers and Shakers
Since the previous day, the coin whose price performed the best out of the 134 coins we are observing was Etherparty, which gave its holders a 37.98% day-over-day return. The next three best performing currencies were Skycoin, Eidoo, and Dash, which gave holders daily returns of 22.13%, 14.23%, and 10.29%. 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.
Was the Crypto Market as a Whole Up or Down?
Overall, the average change in coin price for the coins we’re tracking was down -2.6821%. On a more granular level, 12% of the coins we’re tracking were up while 88% of the coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 13 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?
The coins that crossed their moving average are: district0x, Crypto.com, SingularDTV, Metal, Everex, Komodo, NULS, Quantstamp, OST, Lunyr, IOST, Mainframe, Dock. Also of note is that 19 of the 134 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. 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