The Big Winners From Yesterday
Over the past day, the top performing coin out of the 133 coins we are tracking was Tierion, which offered a day-over-day return 13.19%. The next three best performing currencies were Golem, Loom Network, and 0x, which gave holders daily returns of 12.78%, 12.35%, and 11.18%. 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?
Since yesterday, the average change in the price of coins in our index was a move up 1.3738%. Drilling down, we see that 81 coins we’re tracking were up while 52 coins were down. The chart below shows the average daily change for all the coins in our index over time. Since yesterday, 18 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.
Which Currencies Had Major Price Moves?
The coins that crossed their moving average are: Crypto.com, 0x, Power Ledger, Storj, Raiden Network Token, Ambrosus, Blox, AdEx, Populous, Tael, Eidoo, VIBE, Nucleus Vision, Storm, Groestlcoin, Golem, Civic, Streamr DATAcoin. Likewise, volatility has continued to trend lower and contract for NA of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. 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