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 XRP
3 Ethereum
4 Bitcoin Cash
5 EOS
6 Tether
7 Stellar
8 Litecoin
9 TRON
10 Bitcoin SV
11 Cardano
12 Binance Coin
13 IOTA
14 Monero
15 Dash
16 NEM
17 NEO
18 Ethereum Classic
19 USD Coin
20 Maker
21 Waves
22 Zcash
23 Tezos
24 VeChain
25 Dogecoin
26 TrueUSD
27 Bitcoin Gold
28 Ontology
29 Chainlink
30 Qtum
31 Zilliqa
32 OmiseGO
33 0x
34 Augur
35 Decred
36 Basic Attention Token
37 Lisk
38 Paxos Standard Token
39 Nano
40 Steem
41 Bitcoin Diamond
42 Bytecoin
43 DigiByte
44 ICON
45 Revain
46 Verge
47 BitShares
48 Stratis
49 Holo
50 Siacoin
51 Aeternity
52 Gemini Dollar
53 Bytom
54 IOST
55 Pundi X
56 Status
57 Komodo
58 Dai
59 Populous
60 Loopring
61 Factom
62 ODEM
63 Golem
64 Aurora
65 REPO
66 Electroneum
67 PayPie
68 Cryptonex
69 Ardor
70 MaidSafeCoin
71 Huobi Token
72 Insight Chain
73 HyperCash
74 Waltonchain
75 Project Pai
76 ReddCoin
77 Mixin
78 Buggyra Coin Zero
79 Ark
80 PIVX
81 Decentraland
82 Power Ledger
83 KuCoin Shares
84 TenX
85 Ravencoin
86 THETA
87 DigixDAO
88 Aion
89 Dentacoin
90 Polymath
91 Crypto.com
92 MonaCoin
93 GXChain
94 Zcoin
95 WAX
96 STASIS EURS
97 Linkey
98 Wanchain
99 Bancor
100 Nexo