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 XRP
5 Bitcoin Cash
6 Bitcoin SV
7 Litecoin
8 Binance Coin
9 EOS
10 Tezos
11 Cardano
12 Crypto.com Coin
13 Chainlink
14 Stellar
15 UNUS SED LEO
16 Monero
17 TRON
18 Huobi Token
19 Ethereum Classic
20 USD Coin
21 Neo
22 Dash
23 HedgeTrade
24 IOTA
25 Cosmos
26 Zcash
27 NEM
28 Maker
29 Ontology
30 THETA
31 Dogecoin
32 Basic Attention Token
33 OKB
34 VeChain
35 FTX Token
36 Paxos Standard
37 DigiByte
38 OmiseGO
39 0x
40 Hedera Hashgraph
41 Binance USD
42 ICON
43 Enjin Coin
44 Decred
45 Algorand
46 Qtum
47 Bitcoin Gold
48 Lisk
49 Synthetix Network Token
50 TrueUSD
51 Augur
52 Hyperion
53 Ravencoin
54 HUSD
55 Zilliqa
56 Multi-collateral DAI
57 Nano
58 Kyber Network
59 Waves
60 MonaCoin
61 ZB Token
62 Bitcoin Diamond
63 Siacoin
64 Status
65 Electroneum
66 Holo
67 Flexacoin
68 MCO
69 Matic Network
70 Ren
71 KuCoin Shares
72 Hive
73 DxChain Token
74 Steem
75 Nervos Network
76 Unibright
77 Komodo
78 Bytom
79 Energi
80 Nexo
81 Aave
82 Quant
83 Seele-N
84 Verge
85 ABBC Coin
86 Numeraire
87 BitShares
88 SOLVE
89 BitTorrent
90 Blockstack
91 Terra
92 HyperCash
93 Decentraland
94 Horizen
95 MaidSafeCoin
96 WAX
97 IOST
98 Golem
99 v.systems
100 aelf