Top Performers and Notable Moves
Since yesterday, the coin that fared the best out of the 133 coins in our index was GXS, whose price is up 16.55%. Other notable currencies were Bluzelle, Golem, and Enigma, which experienced daily returns of 11.57%, 10.05%, and 9.08% 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
Overall, the average change in coin price for the coins we’re tracking was up 2.015%. Drilling down, we see that 102 coins we’re tracking were up while 31 coins were down. The chart below shows the average daily change for all the coins in our index over time. 15 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.
Currencies With Significant Price Moves
Those 15 coins are: GXS, Cindicator, Cardano, Selfkey, Civic, Ark, QuarkChain, AppCoins, Ontology, Moeda Loyalty Points, Golem, Streamr DATAcoin, SingularityNET, XRP, Storj. Volatility traders may also wish to note that 122 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