Top Performers and Notable Moves

Over the past day, the top performing coin out of the 133 coins we are tracking was Nebulas, which offered a day-over-day return 47.66%. Rounding out the top four currencies for the day were GXS, NULS, and Neblio, which provided holders with returns of 31.34%, 20.99%, and 17.65% for the day. 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.

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A Macro View of the Crypto Market

Since yesterday, the average change in the price of coins in our index was a move down -0.5396%. On a more granular level, 28% of the coins we’re tracking were up while 72% of the coins were down. The chart below shows the average daily change for all the coins in our index over time. 24 coins have crossed their 20 day moving average over the past 24 hours; these currencies may be of interest to traders interested in strategies involving trading around the 20 day moving average.

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Which Currencies Had Major Price Moves?

The coins that crossed their moving average are: Qtum, Storj, Raiden Network Token, SONM, Lisk, Agrello, Storm, Eidoo, Power Ledger, SingularityNET, Ontology, Groestlcoin, Chainlink, Loopring, Augur, VIBE, NavCoin, Mainframe, Bitcoin Diamond, VeChain, Streamr DATAcoin, Quantstamp, Zcash, NEO. 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?


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Article by SixJupiter

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