Top Performers and Notable Moves
Since yesterday, the coin that fared the best out of the 133 coins in our index was Zilliqa, whose price is up 13.48%. The next three best performing currencies were Enjin Coin, IoTeX, and QLC Chain, which gave holders daily returns of 10.03%, 9.86%, and 9.42%. These moves were quite significant, in the sense that they were well outside of the volatility each of the respective coins had seen for the past two weeks.
A Macro View of the Crypto Market
In the past day, the average percent change in price for the coins in our index was a move up 1.35%. Drilling down, we see that 88 coins we’re tracking were up while 45 coins were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 0 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
Those 0 coins are: NA. Volatility traders may also wish to note that 28 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