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EOS Tops Block Tribune Volatility Index Action

Investing, News | January 12, 2018 By:

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

A notable high volatility outlier was EOS, which traded between $10.56 and $18.00 today, with an average price of $14.71. On the other end, Litecoin saw unusually low volatility today. Its range was $210.68 – $327.25 with an average of $235.72.

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 2:00 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
EOS83.9$14.71$2,337,780,000
NEO65.1$118.21$240,826,000
Zcash62.9$750.61$197,176,000
Ethereum61.7$1,295.00$5,571,470,000
Stellar57.0$0.65$388,275,000
VeChain56.5$6.52$141,891,000
Binance Coin52.8$22.46$512,861,000
Cardano52.8$0.74$256,510,000
Ethereum Classic49.1$39.56$441,476,000
Qtum49.0$60.88$677,145,000
Ripple47.3$2.37$3,806,230,000
Bitcoin Cash45.2$2,504.90$1,131,660,000
Bitcoin43.6$13,673.33$12,579,600,000
TRON42.6$0.11$730,787,000
Litecoin42.2$235.72$749,887,000