The Big Winners From Yesterday
Since yesterday, the coin that fared the best out of the 133 coins in our index was SONM, whose price is up 10.19%. Other notable currencies were Wanchain, AirSwap, and Streamr DATAcoin, which experienced daily returns of 1.73%, 1.21%, and 0.24% respectively. 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.
The Crypto Big Picture
Overall, the average change in coin price for the coins we’re tracking was down -4.7389%. Drilling down, we see that 4 coins we’re tracking were up while 129 coins were down. Below we can see the average daily change for the coins we are tracking our index over time. Since yesterday, 40 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in.
Currencies With Significant Price Moves
The coins that crossed their moving average are: Lunyr, Bluzelle, WePower, Bancor, Ontology, IoTeX, Decentraland, Nexus, BitShares, Nano, Loopring, Golem, FunFair, Neblio, Tael, QLC Chain, Waves, BQX, Stratis, Stellar, DigixDAO, Power Ledger, Nebulas, Request, Lisk, Steem, Dock, Enigma, Zcoin, Ark, VeChain, Storj, Verge, Bread, IOST, Kyber Network, Po.et, GXS, OAX, 0x. Volatility traders may also wish to note that 80 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