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 Populous, which gave its holders a 19.8% day-over-day return. Other notable currencies were BQX, Chainlink, and CyberMiles, which experienced daily returns of 17.64%, 16.76%, and 14.08% respectively. 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?
Since yesterday, the average change in the price of coins in our index was a move up 2.3662%. Drilling down, we see that 88 coins we’re tracking were up while 45 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. 4 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.
Which Currencies Had Major Price Moves?
The coins that crossed their moving average are: Chainlink, Populous, IoTeX, Bitcoin. Likewise, volatility has continued to trend lower and contract for NA of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. 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