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