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