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 Bitcoin SV
7 Litecoin
8 EOS
9 Binance Coin
10 Tezos
11 Chainlink
12 Stellar
13 Monero
14 UNUS SED LEO
15 Cardano
16 TRON
17 Huobi Token
18 Dash
19 Crypto.com Coin
20 USD Coin
21 Ethereum Classic
22 Neo
23 HedgeTrade
24 Cosmos
25 IOTA
26 Zcash
27 NEM
28 Maker
29 OKB
30 Ontology
31 FTX Token
32 Basic Attention Token
33 Dogecoin
34 Paxos Standard
35 VeChain
36 Binance USD
37 Bitcoin Gold
38 Qtum
39 Decred
40 TrueUSD
41 ICON
42 Algorand
43 Hedera Hashgraph
44 Lisk
45 Synthetix Network Token
46 0x
47 Augur
48 ZB Token
49 Ravencoin
50 Bitcoin Diamond
51 Waves
52 Kyber Network
53 MCO
54 DigiByte
55 OmiseGO
56 MonaCoin
57 Nervos Network
58 KuCoin Shares
59 Multi-collateral DAI
60 Enjin Coin
61 Nano
62 THETA
63 DxChain Token
64 Nexo
65 DigixDAO
66 Energi
67 Steem
68 Bytom
69 Holo
70 Siacoin
71 Status
72 Quant
73 ABBC Coin
74 v.systems
75 Horizen
76 BitTorrent
77 Komodo
78 Bytecoin
79 BitShares
80 Terra
81 Seele
82 HyperCash
83 Zilliqa
84 Verge
85 Ren
86 Swipe
87 Digitex Futures
88 IOST
89 Numeraire
90 Insolar
91 Zcoin
92 Matic Network
93 Blockstack
94 Golem
95 aelf
96 Ardor
97 STASIS EURO
98 Aeternity
99 WAX
100 Aave