The Big Winners From Yesterday
Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was Horizen, which gave its holders a 27.67% day-over-day return. Other notable currencies were IoTeX, Everex, and CyberMiles, which experienced daily returns of 14.98%, 11.61%, and 10.15% respectively. These moves were quite significant, in the sense that they were well outside of the volatility each of the respective coins had seen for 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 -1.548%. Drilling down, we see that 28 coins we’re tracking were up while 105 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 14 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: Qtum, EOS, Status, Stratis, SingularDTV, Enigma, Ripio Credit Network, Agrello, BitShares, Litecoin, PIVX, Ontology, Horizen, Streamr DATAcoin. Also of note is that 116 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