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