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 Tether
4 Binance Coin
5 Cardano
6 XRP
7 USD Coin
8 Dogecoin
9 Polkadot
10 Uniswap
11 Binance USD
12 Chainlink
13 Bitcoin Cash
14 Solana
15 Litecoin
16 Wrapped Bitcoin
17 Polygon
18 Stellar
19 Ethereum Classic
20 Dai
21 THETA
22 Terra
23 VeChain
24 Internet Computer
25 Filecoin
26 TRON
27 Monero
28 Aave
29 EOS
30 FTX Token
31 PancakeSwap
32 The Graph
33 Crypto.com Coin
34 Neo
35 UNUS SED LEO
36 Bitcoin BEP2
37 Maker
38 Cosmos
39 Bitcoin SV
40 Amp
41 Algorand
42 Tezos
43 Klaytn
44 SHIBA INU
45 IOTA
46 Axie Infinity
47 Avalanche
48 Compound
49 TerraUSD
50 Hedera Hashgraph
51 Elrond
52 BitTorrent
53 Quant
54 Decred
55 Stacks
56 Waves
57 Huobi Token
58 Kusama
59 THORChain
60 Dash
61 Theta Fuel
62 Chiliz
63 NEM
64 Zcash
65 Celsius
66 TrueUSD
67 Helium
68 Decentraland
69 yearn.finance
70 Enjin Coin
71 Flow
72 OKB
73 Holo
74 Synthetix
75 SushiSwap
76 NEAR Protocol
77 Nexo
78 Basic Attention Token
79 Bitcoin Gold
80 XinFin Network
81 Paxos Standard
82 Telcoin
83 Zilliqa
84 Bancor
85 KuCoin Token
86 Harmony
87 Qtum
88 Celo
89 Ankr
90 Perpetual Protocol
91 Voyager Token
92 Siacoin
93 DigiByte
94 Ontology
95 SwissBorg
96 0x
97 Mdex
98 ICON
99 Horizen
100 Ravencoin