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 Polkadot
5 XRP
6 Cardano
7 Litecoin
8 Bitcoin Cash
9 Chainlink
10 Stellar
11 Binance Coin
12 USD Coin
13 Wrapped Bitcoin
14 Bitcoin SV
15 Monero
16 EOS
17 Uniswap
18 Aave
19 NEM
20 Tezos
21 TRON
22 THETA
23 Crypto.com Coin
24 Cosmos
25 VeChain
26 Neo
27 Synthetix
28 Maker
29 Dai
30 IOTA
31 UNUS SED LEO
32 Dash
33 Dogecoin
34 Binance USD
35 Zcash
36 Celsius
37 Huobi Token
38 yearn.finance
39 Filecoin
40 FTX Token
41 Revain
42 Solana
43 Compound
44 Ethereum Classic
45 Avalanche
46 Kusama
47 SushiSwap
48 Zilliqa
49 Waves
50 Decred
51 The Graph
52 Ren
53 Algorand
54 UMA
55 Elrond
56 Loopring
57 OMG Network
58 HedgeTrade
59 Ontology
60 renBTC
61 Hedera Hashgraph
62 Nano
63 Terra
64 Nexo
65 Basic Attention Token
66 ICON
67 0x
68 TrueUSD
69 Reserve Rights
70 DigiByte
71 Blockstack
72 BitTorrent
73 OKB
74 Enjin Coin
75 HUSD
76 THORChain
77 Qtum
78 Horizen
79 IOST
80 Energy Web Token
81 SwissBorg
82 NXM
83 Celo
84 Curve DAO Token
85 Kyber Network
86 Voyager Token
87 Ocean Protocol
88 Paxos Standard
89 Quant
90 Siacoin
91 Ampleforth
92 Augur
93 Bitcoin BEP2
94 Bitcoin Gold
95 Verge
96 Decentraland
97 Status
98 Band Protocol
99 TerraUSD
100 Gnosis