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