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 Tether
5 Bitcoin Cash
6 Litecoin
7 Binance Coin
8 EOS
9 Bitcoin SV
10 Stellar
11 Monero
12 TRON
13 Cardano
14 UNUS SED LEO
15 Chainlink
16 Huobi Token
17 IOTA
18 Dash
19 Tezos
20 Cosmos
21 MEXC Token
22 Ethereum Classic
23 NEO
24 Maker
25 USD Coin
26 Crypto.com Coin
27 NEM
28 INO COIN
29 Dogecoin
30 Ontology
31 Basic Attention Token
32 Zcash
33 Paxos Standard
34 Insight Chain
35 HedgeTrade
36 0x
37 VeChain
38 TrueUSD
39 Qtum
40 ThoreNext
41 LUNA
42 Decred
43 Ravencoin
44 PRIZM
45 Bitcoin Gold
46 EDUCare
47 ZB
48 ThoreCoin
49 Holo
50 V Systems
51 ABBC Coin
52 Swipe
53 Nano
54 OmiseGO
55 Centrality
56 DigiByte
57 Algorand
58 KuCoin Shares
59 Lisk
60 Synthetix Network Token
61 BitTorrent
62 Augur
63 Siacoin
64 Bitcoin Diamond
65 Dai
66 Waves
67 Mixin
68 Karatgold Coin
69 ICON
70 THETA
71 Dimension Chain
72 BitShares
73 GAPS
74 Silverway
75 MonaCoin
76 Bytecoin
77 Quant
78 Bitbook Gambling
79 Komodo
80 Flexacoin
81 MaidSafeCoin
82 HyperCash
83 Beldex
84 Verge
85 Bytom
86 MCO
87 BitForex Token
88 Aeternity
89 Maximine Coin
90 Energi
91 Dynamic Trading Rights
92 IOST
93 Nexo
94 Ardor
95 FTX Token
96 Steem
97 Crypterium
98 MineBee
99 OKB
100 Zilliqa