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 Selfkey, which gave its holders a 29.28% day-over-day return. Other notable currencies were Komodo, Viacoin, and Decentraland, which experienced daily returns of 28.22%, 11.13%, and 9.54% 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.
A Macro View of the Crypto Market
Overall, the average change in coin price for the coins we’re tracking was down -1.0217%. Specifically, 45 coins in our index were up while 88 were down. Below we can see the average daily change for the coins we are tracking our index over time. 9 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.
Currencies With Significant Price Moves
Those 9 coins are: OmiseGO, YOYO, Komodo, NULS, BlockMason Credit Protocol, Viacoin, Nucleus Vision, Selfkey, Ardor. 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. 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?
Article by SixJupiter