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 iExec RLC, which gave its holders a 29.91% day-over-day return. The next three best performing currencies were YOYO, Neblio, and Skycoin, which gave holders daily returns of 7.95%, 6.7%, and 6.57%. The moves in all these coins were a bit surprising, in that they were well outside of the trading range normally associated with each of the currencies in question.
A Macro View of the Crypto Market
In the past day, the average percent change in price for the coins in our index was a move down -6.7826%. Drilling down, we see that 17 coins we’re tracking were up while 116 coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 33 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 33 coins are: EOS, Status, Binance Coin, Crypto.com, Stratis, Kyber Network, FunFair, IOTA, Verge, Metal, Ethereum Classic, Enigma, Monero, BlockMason Credit Protocol, GXS, Po.et, Zcoin, CyberMiles, Stellar, Litecoin, ICON, aelf, iExec RLC, Steem, Aeternity, QLC Chain, Golem, Horizen, THETA, Nexus, Pundi X, Dent, Holo. Volatility traders may also wish to note that NA 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