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Block Tribune Volatility Index Is Active on Boxing Day

Investing, News | December 26, 2017 By:

The digital currency markets have been active today, as the biggest digital coins have experienced, on average, relatively large fluctuations in price over the past 24 hours.

A notable low volatility outlier was Verge, which traded between $0.13 and $0.21 today, with an average price of $0.17.

Our proprietary Block Tribune Volatility Index is a measure of daily price variability compared with variability over the prior 30 days. 50 indicates an average day. Greater scores indicate a wider range of trade prices while lesser scores indicate a relatively flat trading period.

The volatility indices use their own data as a reference point. So, for example, if BCH was dramatically up and down over the past 24 hours, but for the month prior to that it was very flat, the index would be very high. The reverse is also true, if it was dramatically up and down over the prior month but flat today, the index would be extremely low.

The index values can’t be directly compared to each other because they don’t use the same baseline data.

The data below was compiled on a per-currency basis using reports from the exchanges that saw 1% or more of the total trade volume for that currency. It is as of 1:00 p.m. US Eastern Time and includes the digital currencies with the greatest trading volume, as measured in U.S. Dollars.

CurrencyVolatility IndexToday’s Average PriceToday’s Volume
Bitcoin Cash45.7$2,799.93$1,399,860,000
Bitcoin61.2$14,746.48$13,159,400,000
Dash46.7$1,155.49$223,012,000
Dogecoin42.1$0.01$145,648,000
EOS64.2$10.79$330,832,000
Ethereum Classic44.7$34.72$318,505,000
Ethereum42.0$784.17$2,235,650,000
ICON62.3$6.27$212,713,000
Litecoin46.0$280.19$819,337,000
NEO50.2$64.84$202,416,000
Nxt59.3$1.66$369,920,000
Qtum48.3$59.82$636,246,000
Ripple53.7$1.16$651,317,000
TRON43.4$0.04$263,685,000
Verge46.7$0.17$720,091,000