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Digital Currency Markets Active On Block Tribune Volatility Index

Investing, News | January 11, 2018 By:

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

A notable high volatility outlier was VIBE, which traded between $1.55 and $2.66 today, with an average price of $2.02. On the other end, Verge saw unusually low volatility today. Its range was $0.13 – $0.17 with an average of $0.16.

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 indicies 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
VIBE80.3$2.02$499,592,000
Ethereum Classic65.9$41.89$648,417,000
Ethereum63.7$1,326.14$8,440,930,000
VeChain61.3$6.44$348,652,000
NEO61.0$117.77$287,178,000
EOS58.7$12.16$1,454,290,000
Stellar57.1$0.57$324,213,000
Ripple56.7$2.22$5,702,250,000
Qtum56.2$61.98$754,064,000
Monero55.8$471.73$199,371,000
Bitcoin54.3$14,029.14$17,350,100,000
Bitcoin Cash53.7$2,613.82$2,423,840,000
Litecoin50.1$248.26$1,074,050,000
TRON42.6$0.12$1,267,500,000
Verge38.3$0.16$199,719,000