Top Performers and Notable Moves
Over the past day, the top performing coin out of the 133 coins we are tracking was Time New Bank, which offered a day-over-day return 43.38%. Rounding out the top four currencies for the day were Stratis, ETHLend, and Po.et, which provided holders with returns of 20.78%, 17.27%, and 16.31% for the day. 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 up 1.9375%. Drilling down, we see that 89 coins we’re tracking were up while 44 coins were down. The chart below shows the average daily change for all the coins in our index over time. 26 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: EOS, Loopring, Stratis, SingularDTV, FunFair, SONM, IOTA, Moeda Loyalty Points, AirSwap, Dash, Viberate, XRP, Blox, BitShares, Lisk, Etherparty, Stellar, ETHLend, Time New Bank, aelf, Bread, Bluzelle, Nucleus Vision, POA Network, Groestlcoin, Nexus. 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. Going further, below is a chart showing 4 currencies with contracting volatility that are trading below their 20 day moving average. Is this a technical sign the sellers are exhausted and the market for these coins is ready for a rally?
Article by SixJupiter