Top Performers and Notable Moves
Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was SingularDTV, which gave its holders a 15.08% day-over-day return. The next three best performing currencies were Waltonchain, IoTeX, and Bitcoin Gold, which gave holders daily returns of 14.6%, 11.78%, and 11.56%. 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.
Was the Crypto Market as a Whole Up or Down?
Overall, the average change in coin price for the coins we’re tracking was up 0.2262%. On a more granular level, 52% of the coins we’re tracking were up while 48% of the coins were down. The chart below shows the average daily change for all the coins in our index over time. 7 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.
Currencies With Significant Price Moves
Those 7 coins are: Chainlink, Enigma, Bitcoin Gold, Komodo, Storm, IoTeX, Bitcoin. 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