SHUFFLUP Crypto Market Sentiment Index

SCMSIndex:

24 Hour Change:

*Index value and chart get auto updated every 5 minutes!

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Weighting method: Price-weighted

Following is the calculation method:

For this example we are taking number of constituents to be : 3.

Suppose Price of 

Coin A = $10

 

Coin B = $20

 

Coin C = $30

 

So initially the index would be = (10+20+30)/3 = 20(correct index).

After 6 hours the price of B becomes $5. 

Now our index is = (10+5+30)/3 = 15(correct index).

It reflects the market health correctly as it shows the market is down.

 

Now after 6 more hours, Coin B loses it’s MarketCap and as a result it is out of the top 3 list and is replaced by coin D with $40 price.

 

So now the index is = (10+40+30)/3 =26.67(wrong index).

Our index should not increase just because a new constituent(coin) got added to the list as it does not reflect the correct market health. 

So, we would adjust the divisor. Now the new divisor would be (New price summation/last known correct index) = (10+40+30)/15=5.34 

The adjusted divisor = 5.34. 

Hence the new correct index would be = (10+40+30)/5.34 = 15(see just the inclusion of new coin didn’t change our index which means our index value is correct). 

Our algorithm automatically adjusts the divisor whenever there occurs a change in the top 100 coin list!

Number of Constituents: 100( Based on highest marketcap)

Current Constituents:

Coin Rank Coin Name
1 Bitcoin
2 Ethereum
3 XRP
4 Litecoin
5 EOS
6 Bitcoin Cash
7 Binance Coin
8 Stellar
9 Tether
10 TRON
11 Cardano
12 Bitcoin SV
13 Monero
14 IOTA
15 Dash
16 Maker
17 Ontology
18 NEO
19 Ethereum Classic
20 Tezos
21 NEM
22 Zcash
23 VeChain
24 Crypto.com Chain
25 Waves
26 USD Coin
27 Dogecoin
28 Basic Attention Token
29 Bitcoin Gold
30 Qtum
31 OmiseGO
32 TrueUSD
33 Decred
34 Lisk
35 Augur
36 Chainlink
37 Zilliqa
38 Holo
39 0x
40 ICON
41 Ravencoin
42 Enjin Coin
43 DigiByte
44 Steem
45 Bytecoin
46 BitShares
47 BitTorrent
48 Bitcoin Diamond
49 Nano
50 Huobi Token
51 Paxos Standard Token
52 Aeternity
53 Komodo
54 Bytom
55 Verge
56 Pundi X
57 IOST
58 Siacoin
59 ABBC Coin
60 THETA
61 KuCoin Shares
62 Maximine Coin
63 Aurora
64 Dai
65 Stratis
66 Status
67 Golem
68 Project Pai
69 Populous
70 Insight Chain
71 REPO
72 Ardor
73 GXChain
74 Revain
75 Ark
76 Cryptonex
77 Gemini Dollar
78 Mixin
79 Factom
80 MaidSafeCoin
81 WAX
82 HyperCash
83 Electroneum
84 Loom Network
85 Digitex Futures
86 QASH
87 Decentraland
88 Waltonchain
89 Crypto.com
90 Loopring
91 Qubitica
92 ThoreCoin
93 aelf
94 Zcoin
95 PIVX
96 Nexo
97 Kyber Network
98 Power Ledger
99 Aion
100 Wanchain