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 XRP
6 USD Coin
7 Cardano
8 Dogecoin
9 Toncoin
10 Solana
11 TRON
12 Dai
13 Polkadot
14 Polygon
15 Litecoin
16 Wrapped Bitcoin
17 Shiba Inu
18 Bitcoin Cash
19 Chainlink
20 UNUS SED LEO
21 TrueUSD
22 Stellar
23 Avalanche
24 Monero
25 Cosmos
26 OKB
27 Uniswap
28 BUSD
29 Ethereum Classic
30 Hedera
31 Filecoin
32 Lido DAO
33 Internet Computer
34 Maker
35 Cronos
36 Mantle
37 VeChain
38 Aptos
39 Quant
40 NEAR Protocol
41 Arbitrum
42 Optimism
43 Aave
44 The Graph
45 Immutable
46 Algorand
47 USDD
48 XDC Network
49 MultiversX
50 Stacks
51 Bitget Token
52 EOS
53 Tezos
54 Axie Infinity
55 The Sandbox
56 Bitcoin SV
57 Injective
58 Render
59 THORChain
60 Theta Network
61 Decentraland
62 Synthetix
63 Fantom
64 Neo
65 Pax Dollar
66 Kava
67 Tether Gold
68 PAX Gold
69 eCash
70 Flow
71 KuCoin Token
72 Chiliz
73 Zcash
74 IOTA
75 Rocket Pool
76 ApeCoin
77 Conflux
78 Frax Share
79 Curve DAO Token
80 Huobi Token
81 Casper
82 GateToken
83 Mina
84 BitTorrent(New)
85 Terra Classic
86 Sui
87 Klaytn
88 Trust Wallet Token
89 Nexo
90 Gala
91 GMX
92 APENFT
93 dYdX
94 Gemini Dollar
95 Compound
96 Dash
97 WOO Network
98 Astar
99 Oasis Network
100 Arweave