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 Binance Coin
4 Cardano
5 Tether
6 XRP
7 Solana
8 Polkadot
9 USD Coin
10 Dogecoin
11 Uniswap
12 Terra
13 Wrapped Bitcoin
14 Binance USD
15 Chainlink
16 Avalanche
17 Litecoin
18 Bitcoin Cash
19 Algorand
20 Polygon
21 SHIBA INU
22 Stellar
23 Internet Computer
24 VeChain
25 Axie Infinity
26 Filecoin
27 Cosmos
28 TRON
29 Ethereum Classic
30 FTX Token
31 Dai
32 Bitcoin BEP2
33 THETA
34 Tezos
35 Hedera
36 Fantom
37 Flow
38 Monero
39 Crypto.com Coin
40 Elrond
41 PancakeSwap
42 EOS
43 Aave
44 NEAR Protocol
45 Klaytn
46 eCash
47 The Graph
48 IOTA
49 Quant
50 Bitcoin SV
51 Waves
52 Neo
53 Kusama
54 UNUS SED LEO
55 TerraUSD
56 Maker
57 Stacks
58 BitTorrent
59 Harmony
60 Amp
61 Helium
62 Dash
63 OMG Network
64 Chiliz
65 Celo
66 THORChain
67 Arweave
68 Compound
69 Decred
70 Zcash
71 Revain
72 Holo
73 NEM
74 Theta Fuel
75 SushiSwap
76 Enjin Coin
77 Decentraland
78 XDC Network
79 Celsius
80 ICON
81 yearn.finance
82 TrueUSD
83 Curve DAO Token
84 dYdX
85 Qtum
86 Huobi Token
87 Bitcoin Gold
88 Perpetual Protocol
89 Telcoin
90 Zilliqa
91 Synthetix
92 Mina
93 NuCypher
94 Ravencoin
95 renBTC
96 Basic Attention Token
97 KuCoin Token
98 Ren
99 Serum
100 OKB