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