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 HyperCash, which gave its holders a 18.12% day-over-day return. The next three best performing currencies were Qtum, Aion, and EOS, which gave holders daily returns of 18%, 15.06%, and 13.37%. 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.
Was the Crypto Market as a Whole Up or Down?
Overall, the average change in coin price for the coins we’re tracking was up 4.2902%. Specifically, 126 coins in our index were up while 7 were down. Below we can see the average daily change for the coins we are tracking our index over time. 32 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
Here’s a list of the specific coins that crossed their key moving average level: Bancor, Waltonchain, Kyber Network, FunFair, Moeda Loyalty Points, Metal, Storj, Ambrosus, GXS, Lisk, Decentraland, DigixDAO, Cardano, CyberMiles, Stellar, ETHLend, aelf, Aion, Lunyr, IOST, Steem, Bluzelle, Syscoin, Groestlcoin, Civic, SingularityNET, Nexus, Siacoin, Mainframe, Ardor, VeChain, Dock. Likewise, volatility has continued to trend lower and contract for 67 of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. The chart below drills down a bit more, featuring 4 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom?
Article by SixJupiter