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 Bitcoin SV
6 Tether
7 Litecoin
8 EOS
9 Binance Coin
10 Stellar
11 Cardano
12 TRON
13 Monero
14 Tezos
15 Ethereum Classic
16 Dash
17 Chainlink
18 UNUS SED LEO
19 Cosmos
20 Neo
21 Huobi Token
22 HedgeTrade
23 IOTA
24 Crypto.com Coin
25 MINDOL
26 Maker
27 Zcash
28 USD Coin
29 Ontology
30 NEM
31 VeChain
32 Basic Attention Token
33 INO COIN
34 Dogecoin
35 FTX Token
36 Paxos Standard
37 Decred
38 TAGZ5
39 Bitcoin Gold
40 Qtum
41 Synthetix Network Token
42 Insight Chain
43 Augur
44 0x
45 ThoreCoin
46 Ravencoin
47 TrueUSD
48 ThoreNext
49 Algorand
50 PRIZM
51 Cryptonex
52 OKB
53 OmiseGO
54 Bitcoin Diamond
55 Holo
56 ZB Token
57 Mixin
58 Folgory Coin
59 THETA
60 Multi-collateral DAI
61 Swipe
62 ETERNAL TOKEN
63 Nano
64 Tap
65 Lisk
66 Horizen
67 Waves
68 Komodo
69 KuCoin Shares
70 DigiByte
71 GlitzKoin
72 Flexacoin
73 Seele
74 MonaCoin
75 ICON
76 BitTorrent
77 Bytom
78 MCO
79 Molecular Future
80 Dimension Chain
81 Counos Coin
82 Nervos Network
83 FABRK
84 Beldex
85 Siacoin
86 IOST
87 HyperCash
88 DxChain Token
89 GAPS
90 Steem
91 Enjin Coin
92 Verge
93 DigixDAO
94 Centrality
95 Bytecoin
96 V Systems
97 Noah Coin
98 Nexo
99 ABBC Coin
100 1irstcoin