Bad news — for the bears, that is, as crypto majors are up 3.07% in aggregate since yesterday. But the outcome was a bit mixed, in the sense that EOS was down -2.22% while Bitcoin Cash was up 14.67% (nice! 🙂 ). Momentum is a bit mixed across the majors, with 2 cryptocurrencies below their 20 day moving average and 5 above. EOS has the most bullish momentum, as it is currently 18.09% above its 20 day moving average, while Stellar is at the opposite end; it’s 3.1% below its 20 day SMA. For momentum and technical traders, we should note that Bitcoin Cash and Stellar are very close to their 20 SMA. Below are charts of EOS and Bitcoin Cash, the best and worst performers since yesterday.
In the world of Ethereum tokens, the best perfomers over the past day were ordocoin, digipulse, rialto, xceltoken. Their returns, going from the best of the bunch, ordocoin to the fourth in the group, xceltoken, are 2548.21%, 691.92%, 616.18%, 395.49% Here’s a chart of the top four performers since yesterday, and their performance over time.
In terms of the up/down ratio, out of the 912 Ethereum tokens in our index, 737 were up and 175 were down for the day. Here’s a chart showing the advance/decline ratio of our Ethereum token index over time.