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 XRP
4 Tether
5 Bitcoin Cash
6 Litecoin
7 EOS
8 Binance Coin
9 Bitcoin SV
10 Stellar
11 Tezos
12 TRON
13 Cardano
14 Monero
15 UNUS SED LEO
16 Chainlink
17 Cosmos
18 Huobi Token
19 999
20 NEO
21 IOTA
22 Maker
23 USD Coin
24 Dash
25 Ethereum Classic
26 Ontology
27 Crypto.com Coin
28 VeChain
29 HedgeTrade
30 MINDOL
31 NEM
32 INO COIN
33 Dogecoin
34 Basic Attention Token
35 Zcash
36 Paxos Standard
37 Decred
38 Synthetix Network Token
39 Insight Chain
40 Qtum
41 TrueUSD
42 PRIZM
43 Centrality
44 0x
45 Algorand
46 Ravencoin
47 ThoreNext
48 ThoreCoin
49 FTX Token
50 Augur
51 Holo
52 Karatgold Coin
53 Nano
54 Cryptonex
55 Seele
56 OmiseGO
57 Bitcoin Gold
58 Mixin
59 EDUCare
60 ABBC Coin
61 V Systems
62 ZB Token
63 DigiByte
64 Lisk
65 Dimension Chain
66 KuCoin Shares
67 Bytom
68 LUNA
69 GAPS
70 Bitcoin Diamond
71 Molecular Future
72 Swipe
73 THETA
74 1irstcoin
75 Komodo
76 MCO
77 Beldex
78 Verge
79 Clipper Coin
80 IOST
81 ICON
82 BitTorrent
83 Siacoin
84 MonaCoin
85 Enjin Coin
86 DxChain Token
87 Single Collateral DAI
88 Bytecoin
89 Zilliqa
90 Waves
91 Nexo
92 BitShares
93 Quant
94 OKB
95 Flexacoin
96 HyperCash
97 Energi
98 MaidSafeCoin
99 Bitbook Gambling
100 MineBee