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 Tierion, which gave its holders a 44.43% day-over-day return. Other notable currencies were AirSwap, Streamr DATAcoin, and Etherparty, which experienced daily returns of 41.23%, 19.56%, and 15.99% 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 -1.0329%. Drilling down, we see that 46 coins we’re tracking were up while 87 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. 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
Here’s a list of the specific coins that crossed their key moving average level: Komodo, Basic Attention Token, Lisk, DigixDAO, Neblio, IOST, Nano, Viacoin, Mainframe. Also of note is that 12 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. 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