Yesterday’s Movers and Shakers
Since yesterday, the coin that fared the best out of the 133 coins in our index was Tierion, whose price is up 53.08%. Rounding out the top four currencies for the day were YOYO, Raiden Network Token, and AirSwap, which provided holders with returns of 15.07%, 12.6%, and 10.47% for the day. 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 -1.2079%. Specifically, 41 coins in our index were up while 92 were down. The chart below shows the average daily change for all the coins in our index over time. Since yesterday, 25 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: Status, district0x, Loopring, Stratis, SONM, Ethereum Classic, Viberate, Storj, Agrello, Genesis Vision, Quantstamp, Etherparty, AdEx, Cardano, ETHLend, OST, AppCoins, VIBE, Steem, Aeternity, NEM, WePower, Groestlcoin, Skycoin, Pundi X. 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. 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