Monero Is Big Mover On Block Tribune Volatility Index

Investing, News | January 9, 2018 By:

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

A notable high volatility outlier was Monero, which traded between $381.48 and $706.82 today, with an average price of $578.11.

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.

Currency Volatility Index Today’s Average Price Today’s Volume
Monero 89.2 $578.11 $541,084,000
NEO 79.2 $116.98 $453,971,000
Neblio 59.0 $50.88 $330,535,000
Ethereum 56.4 $1,271.62 $7,097,160,000
Ethereum Classic 51.3 $43.64 $604,595,000
Qtum 50.5 $75.37 $937,479,000
Ripple 50.5 $2.99 $3,491,590,000
OmiseGO 48.4 $24.40 $194,583,000
EOS 47.8 $12.81 $606,380,000
IOTA 47.4 $4.60 $205,651,000
Verge 47.2 $0.21 $810,460,000
Litecoin 44.2 $265.61 $988,623,000
Bitcoin Cash 43.4 $2,406.49 $1,136,740,000
TRON 43.4 $0.15 $1,114,100,000
Bitcoin 42.9 $15,018.02 $16,516,500,000