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 Loopring, which gave its holders a 25.23% day-over-day return. The next three best performing currencies were Lunyr, POA Network, and BlockMason Credit Protocol, which gave holders daily returns of 20.85%, 12.97%, and 11.39%. 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
Overall, the average change in coin price for the coins we’re tracking was up 1.1489%. Specifically, 82 coins in our index were up while 50 were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 3 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
The coins that crossed their moving average are: Chainlink, THETA, Loopring. Volatility traders may also wish to note that 22 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