Ripple XRP Leads Block Tribune Volatility Index

Investing, News | December 21, 2017 By:

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

A notable high volatility outlier was Ripple, which traded between $0.69 and $1.45 today, with an average price of $1.03. On the other end, TRON saw unusually low volatility today. Its range was $0.03 – $0.07 with an average of $0.05.

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.

Volatility is a measure of the relative variations in price over a period of time, not an indicator of net price change. Large price increases that are linear produce a volatility index of 0.

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.

Currency Volatility Index Today’s Average Price Today’s Volume
Ripple 83.7 $1.03 $4,042,720,000
Nxt 76.8 $1.26 $365,156,000
Bitcoin Gold 73.3 $452.17 $360,474,000
Dash 69.3 $1,679.64 $490,489,000
Monero 65.5 $447.82 $322,482,000
Bitcoin Cash 65.3 $3,480.78 $4,831,530,000
EOS 59.8 $11.04 $338,754,000
Ethereum 59.3 $848.13 $3,562,840,000
Ethereum Classic 59.0 $46.40 $849,503,000
Qtum 56.2 $67.81 $841,197,000
Bitcoin 55.2 $16,492.54 $17,258,000,000
Litecoin 51.6 $323.99 $1,568,970,000
Verge 50.8 $0.15 $521,328,000
IOTA 47.5 $5.19 $458,828,000
TRON 45.0 $0.05 $427,685,000