Yesterday’s Movers and Shakers

Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was Insolar, which gave its holders a 32.54% day-over-day return. Other notable currencies were Golem, Stratis, and ICON, which experienced daily returns of 11.73%, 2.06%, and -1.22% 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.

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Was the Crypto Market as a Whole Up or Down?

Overall, the average change in coin price for the coins we’re tracking was down -11.2838%. On a more granular level, 2% of the coins we’re tracking were up while 98% of the coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 51 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.

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Currencies With Significant Price Moves

The coins that crossed their moving average are: Everex, Ardor, Holo, Kyber Network, Dent, AdEx, Bread, Bluzelle, NavCoin, Genesis Vision, Civic, Gifto, Nexus, Quantstamp, NULS, Viacoin, OST, Nebulas, Cindicator, Insolar, IOTA, OAX, Aion, Tael, Lunyr, WePower, SONM, AppCoins, Neblio, SingularityNET, Stratis, SingularDTV, Moeda Loyalty Points, Ethereum Classic, BlockMason Credit Protocol, Etherparty, Enjin Coin, Time New Bank, AirSwap, Syscoin, VIBE, THETA, QLC Chain, Request, BQX, YOYO, district0x, Ripio Credit Network, POA Network, Streamr DATAcoin, Basic Attention Token. Also of note is that 84 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. 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?

READ  Chainlink, GXS, Lunyr and Populous Top All Cryptos; Coins in Total Up 0.52% Overall, 16 Coins Cross Key Moving Average

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Article by SixJupiter

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