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
4 BNB
5 USD Coin
6 XRP
7 Binance USD
8 Cardano
9 Dogecoin
10 Polygon
11 Solana
12 Polkadot
13 Litecoin
14 Shiba Inu
15 Avalanche
16 Dai
17 TRON
18 Uniswap
19 Wrapped Bitcoin
20 Cosmos
21 Chainlink
22 UNUS SED LEO
23 Monero
24 Ethereum Classic
25 Toncoin
26 Aptos
27 Bitcoin Cash
28 Stellar
29 OKB
30 ApeCoin
31 Cronos
32 Filecoin
33 NEAR Protocol
34 Lido DAO
35 Algorand
36 Quant
37 Internet Computer
38 VeChain
39 Hedera
40 Fantom
41 Decentraland
42 Aave
43 EOS
44 Flow
45 Axie Infinity
46 The Sandbox
47 BitDAO
48 MultiversX
49 Terra Classic
50 Theta Network
51 Tezos
52 TrueUSD
53 Chiliz
54 Pax Dollar
55 Huobi Token
56 Bitcoin SV
57 KuCoin Token
58 The Graph
59 Frax Share
60 Zcash
61 Trust Wallet Token
62 Curve DAO Token
63 USDD
64 Mina
65 eCash
66 BitTorrent-New
67 Dash
68 PancakeSwap
69 Klaytn
70 Maker
71 IOTA
72 Gemini Dollar
73 ImmutableX
74 THORChain
75 Neo
76 Synthetix
77 Optimism
78 PAX Gold
79 dYdX
80 GMX
81 Osmosis
82 GateToken
83 Loopring
84 Nexo
85 Enjin Coin
86 Convex Finance
87 Threshold
88 Terra
89 Zilliqa
90 Fei USD
91 EthereumPoW
92 1inch Network
93 Render Token
94 Rocket Pool
95 Casper
96 Compound
97 Kava
98 Basic Attention Token
99 Gala
100 Stacks