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 Litecoin
5 Bitcoin Cash
6 Tether
7 EOS
8 Binance Coin
9 Bitcoin SV
10 Stellar
11 TRON
12 UNUS SED LEO
13 Cardano
14 Monero
15 Dash
16 Chainlink
17 IOTA
18 NEO
19 Cosmos
20 Ethereum Classic
21 Tezos
22 NEM
23 Maker
24 Zcash
25 Crypto.com Chain
26 Bitcoin Gold
27 Ontology
28 USD Coin
29 V Systems
30 Dogecoin
31 Egretia
32 VeChain
33 Basic Attention Token
34 Decred
35 Qtum
36 TrueUSD
37 Huobi Token
38 BitTorrent
39 OmiseGO
40 Paxos Standard Token
41 HedgeTrade
42 Holo
43 Ravencoin
44 Waves
45 Komodo
46 Bitcoin Diamond
47 ICON
48 Lisk
49 ThoreCoin
50 0x
51 Pundi X
52 DigiByte
53 Aurora
54 Bytecoin
55 Nano
56 HyperCash
57 Qubitica
58 Augur
59 MonaCoin
60 Quant
61 KuCoin Shares
62 ABBC Coin
63 BitShares
64 Lambda
65 Siacoin
66 Energi
67 Metaverse ETP
68 Bytom
69 Insight Chain
70 EDUCare
71 Zilliqa
72 Verge
73 THETA
74 IOST
75 Mixin
76 Dai
77 GXChain
78 Steem
79 Aeternity
80 Clipper Coin
81 NEXT
82 SOLVE
83 Waltonchain
84 Nash Exchange
85 Crypto.com
86 Enjin Coin
87 MaidSafeCoin
88 Zcoin
89 VestChain
90 Maximine Coin
91 Status
92 Santiment Network Token
93 Ardor
94 XMax
95 aelf
96 Golem
97 U Network
98 Stratis
99 Electroneum
100 RIF Token