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