Recap of the 414 crash: Among more than 200 currencies, which ones are the most resilient and which ones rebound the most strongly?

24-04-17 14:00
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Original title: "Review of the 414 plunge: Which of the 257 currencies are the most resistant to declines, and which rebound the most violently?"
Original author: Nan Zhi, Odaily Planet Daily


At 3 a.m. on April 14, Bitcoin started a new round of sharp declines, and the entire market collapsed. In this round of decline, which coin fell the least? Which coin rebounded the most after the decline? Odaily Planet Daily collected data on 257 currencies with a market value of more than 100 million US dollars in the Binance spot market to answer these two questions.


Data of the early morning of April 14


This section is calculated according to the following criteria:


The opening price at 3:00 (UTC+ 8) on April 14 is used as the starting point;


The lowest price between 3:00 (UTC+ 8) and 8:00 (UTC+ 8) on April 14 is used as the lowest point;


The highest point of the hour at 07:00 (UTC+ 8) on April 14 is used as the highest point of the first rebound.


For example, the opening price of BTC is 67156 USDT, the lowest price is 60600 USDT, and the highest point of the rebound is 65608 USDT, corresponding to a drop of -10% and a rebound of 8%.


The top ten before and after the decline and rebound are shown in the figure below:



Among them, the "Justin Sun series" tokens showed extremely low volatility, neither falling nor rebounding sharply, and they were mainly PoW tokens. The rest appeared on both the smallest decline list and the smallest rebound list for BTC, ETH, and DCR.


FXS and TRU are the only two tokens that appear on both the largest decline list and the largest rebound list.


Readers can focus on the tokens that did not fall sharply and achieved a sharp rebound.


Data of the past three days


This section is calculated according to the following criteria:


The statistical range is from 3:00 on April 14 (UTC+ 8) to the present, starting from the opening price at 3:00, and the end price is the highest point in the past three days (the left half of the figure below), and all token prices as of 20:30 on April 16 (the right half of the figure below), which is used to examine the price repair situation.



Those that appeared on the gain list at two time points were: TIA, BEAMX, BNX;


Those that appeared on the loss list at two time points were: NFP.


Conclusion


Based on the above table, users can draw the relative strength relationship between each currency as a reference for subsequent similar market conditions.


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