The Big Winners From Yesterday
Since yesterday, the coin that fared the best out of the 134 coins in our index was Holo, whose price is up 20.49%. The next three best performing currencies were Syscoin, Ambrosus, and Pundi X, which gave holders daily returns of 19%, 13.51%, and 12.68%. 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
Since yesterday, the average change in the price of coins in our index was a move up 3.6478%. On a more granular level, 89% of the coins we’re tracking were up while 11% of the coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 27 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
Here’s a list of the specific coins that crossed their key moving average level: district0x, Waltonchain, Loopring, BQX, SONM, Moeda Loyalty Points, Everex, NULS, Basic Attention Token, BlockMason Credit Protocol, Blox, GXS, Quantstamp, Etherparty, Cindicator, Time New Bank, OST, iExec RLC, Insolar, IOST, POA Network, Zilliqa, WePower, IoTeX, Streamr DATAcoin, Pundi X, Red Pulse Phoenix. Also of note is that 27 of the 134 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