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 XRP
3 Ethereum
4 Stellar
5 Bitcoin Cash
6 EOS
7 Litecoin
8 Tether
9 Cardano
10 Monero
11 TRON
12 Dash
13 IOTA
14 Binance Coin
15 NEM
16 Ethereum Classic
17 NEO
18 Zcash
19 Tezos
20 Bitcoin Gold
21 VeChain
22 Maker
23 Ontology
24 Dogecoin
25 OmiseGO
26 Decred
27 0x
28 Qtum
29 Basic Attention Token
30 Bytecoin
31 Lisk
32 TrueUSD
33 BitShares
34 USD Coin
35 Zilliqa
36 DigiByte
37 Aeternity
38 Nano
39 Bitcoin Diamond
40 Paxos Standard Token
41 ICON
42 Chainlink
43 Aurora
44 Siacoin
45 Steem
46 Bytom
47 Pundi X
48 Waves
49 Verge
50 Populous
51 Augur
52 MaidSafeCoin
53 Golem
54 Cryptonex
55 Komodo
56 Status
57 Electroneum
58 Holo
59 Stratis
60 QASH
61 Dai
62 WAX
63 Metaverse ETP
64 KuCoin Shares
65 IOST
66 Revain
67 MonaCoin
68 Decentraland
69 MOAC
70 Huobi Token
71 Waltonchain
72 Mithril
73 Factom
74 Ardor
75 GXChain
76 ODEM
77 Insight Chain
78 Wanchain
79 Aion
80 Nexo
81 Crypto.com
82 Mixin
83 Nasdacoin
84 Bancor
85 Ravencoin
86 Dentacoin
87 Horizen
88 DigixDAO
89 Polymath
90 SIRIN LABS Token
91 PIVX
92 Dropil
93 ReddCoin
94 Theta Token
95 aelf
96 Digitex Futures
97 Zcoin
98 Ark
99 Nebulas
100 TenX