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 Tether USDt
4 BNB
5 Solana
6 USDC
7 XRP
8 Dogecoin
9 Toncoin
10 Cardano
11 Avalanche
12 Shiba Inu
13 Polkadot
14 Chainlink
15 TRON
16 Bitcoin Cash
17 NEAR Protocol
18 Polygon
19 Uniswap
20 Pepe
21 Litecoin
22 Internet Computer
23 UNUS SED LEO
24 Dai
25 Ethereum Classic
26 Aptos
27 Render
28 Hedera
29 Immutable
30 Kaspa
31 Mantle
32 Filecoin
33 Cosmos
34 Arbitrum
35 Cronos
36 Stellar
37 First Digital USD
38 The Graph
39 dogwifhat
40 OKB
41 Stacks
42 Bittensor
43 Optimism
44 Monero
45 Maker
46 Arweave
47 VeChain
48 Sui
49 Injective
50 Bonk
51 Theta Network
52 Fantom
53 THORChain
54 Lido DAO
55 FLOKI
56 Core
57 Fetch.ai
58 Ondo
59 Celestia
60 Pyth Network
61 Bitget Token
62 Algorand
63 Aave
64 Sei
65 Jupiter
66 Beam
67 Starknet
68 Flow
69 Ethena
70 Gala
71 Bitcoin SV
72 Akash Network
73 SingularityNET
74 Chiliz
75 BitTorrent (New)
76 dYdX (Native)
77 Axie Infinity
78 Flare
79 Quant
80 JasmyCoin
81 Neo
82 Pendle
83 Ronin
84 MultiversX
85 Worldcoin
86 The Sandbox
87 Wormhole
88 KuCoin Token
89 Gnosis
90 eCash
91 Tezos
92 Synthetix
93 Mina
94 EOS
95 AIOZ Network
96 BOOK OF MEME
97 Conflux
98 Decentraland
99 ORDI
100 Nexo