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 13.94%. Rounding out the top four currencies for the day were Mainframe, HyperCash, and iExec RLC, which provided holders with returns of 7.5%, 4.58%, and 2.99% for the day. 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
Since yesterday, the average change in the price of coins in our index was a move down -6.295%. Specifically, 5 coins in our index were up while 128 were down. Below we can see the average daily change for the coins we are tracking our index over time. Since yesterday, 52 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?
Here’s a list of the specific coins that crossed their key moving average level: Qtum, EOS, Status, Binance Coin, district0x, OmiseGO, SingularDTV, SONM, NEO, IOTA, Moeda Loyalty Points, Metal, Monetha, AirSwap, Dash, Everex, Viberate, YOYO, XRP, Ripio Credit Network, NULS, Monero, Ambrosus, Genesis Vision, Blox, Quantstamp, Tierion, AdEx, Cardano, Litecoin, Gifto, ICON, OST, Aion, NavCoin, AppCoins, Insolar, PIVX, Nucleus Vision, POA Network, Storm, NEM, Syscoin, Loom Network, Skycoin, Civic, THETA, SingularityNET, Streamr DATAcoin, Siacoin, Ardor, Holo. Also of note is that 80 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