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 Everex, which gave its holders a 42.1% day-over-day return. Other notable currencies were Agrello, Nexus, and OAX, which experienced daily returns of 17.98%, 15.41%, and 14.81% 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.
A Macro View of the Crypto Market
In the past day, the average percent change in price for the coins in our index was a move up 2.0853%. On a more granular level, 66% of the coins we’re tracking were up while 32% of the coins were down. The chart below shows the average daily change for all the coins in our index over time. 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.
Currencies With Significant Price Moves
The coins that crossed their moving average are: OAX, Loopring, Kyber Network, Everex, Ripio Credit Network, Agrello, Lisk, Populous, AppCoins, iExec RLC, Bluzelle, Wanchain, SingularityNET. Also of note is that 115 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. 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