Cryptocurrency Volatility Calm on Block Tribune Index

Blockchain, Investing, News | December 28, 2017 By:

The digital currency markets have seen an average day, as the biggest digital currencies have seen relatively small price fluctuations over the past 24 hours.

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.

Currency Volatility Index Today’s Average Price Today’s Volume
Binance Coin 59.2 $8.95 $98,319,300
Bitcoin Cash 52.6 $2,523.55 $2,401,300,000
Bitcoin 55.4 $14,513.48 $12,145,800,000
Dash 53.9 $1,080.66 $173,162,000
EOS 56.1 $10.43 $505,226,000
Ethereum Classic 54.0 $32.42 $310,212,000
Ethereum 49.8 $745.72 $2,309,270,000
Hshare 68.9 $32.39 $233,254,000
IOTA 47.0 $3.58 $216,038,000
Litecoin 50.7 $257.64 $1,730,370,000
Monero 52.3 $425.10 $163,404,000
Nxt 71.6 $1.09 $508,459,000
Qtum 51.7 $55.03 $797,647,000
Ripple 55.0 $1.39 $3,470,790,000
Verge 46.5 $0.13 $399,351,000