The Big Winners From Yesterday
Over the past day, the top performing coin out of the 133 coins we are tracking was Raiden Network Token, which offered a day-over-day return 34.99%. Other notable currencies were HyperCash, Gifto, and Aeron, which experienced daily returns of 9.97%, 3.17%, and 2.99% 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.
Was the Crypto Market as a Whole Up or Down?
In the past day, the average percent change in price for the coins in our index was a move down -8.1571%. Specifically, 4 coins in our index were up while 129 were down. The chart below shows the average daily change for all the coins in our index over time. 48 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.
Which Currencies Had Major Price Moves?
The coins that crossed their moving average are: Bancor, BQX, Kyber Network, FunFair, SONM, Chainlink, Verge, Moeda Loyalty Points, Metal, Enigma, Power Ledger, Ark, Enjin Coin, Storj, Agrello, Ambrosus, GXS, Zcoin, Lisk, Etherparty, Decentraland, DigixDAO, Cardano, Populous, CyberMiles, Stellar, Tael, Time New Bank, aelf, Aion, Bread, Lunyr, IOST, Steem, Nano, Bluzelle, Aeternity, Syscoin, Groestlcoin, Civic, QuarkChain, SingularityNET, Nexus, Siacoin, Mainframe, Ardor, VeChain, Dock. Also of note is that 64 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. 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