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