Top Performers and Notable Moves
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 5.58% day-over-day return. Other notable currencies were Nexus, Ethereum, and Bitcoin, which experienced daily returns of 1.82%, 1.19%, and 0.23% 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.
The Crypto Big Picture
In the past day, the average percent change in price for the coins in our index was a move down -5.1944%. Drilling down, we see that 5 coins we’re tracking were up while 128 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. 10 coins are especially close to their 20 day moving average, and thus may be worth watching for technical traders who view the 20 day moving average as a key support/resistance level.
Currencies With Significant Price Moves
Those 10 coins are: EOS, Loopring, BQX, Populous, iExec RLC, Ontology, Wanchain, Horizen, Nexus, Ardor. Volatility traders may also wish to note that 91 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