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 BNB
5 USD Coin
6 Binance USD
7 XRP
8 Dogecoin
9 Cardano
10 Polygon
11 Polkadot
12 Dai
13 Litecoin
14 Shiba Inu
15 TRON
16 Solana
17 Uniswap
18 Avalanche
19 Chainlink
20 UNUS SED LEO
21 Wrapped Bitcoin
22 Cosmos
23 Ethereum Classic
24 Monero
25 Stellar
26 Toncoin
27 Bitcoin Cash
28 Algorand
29 Cronos
30 Quant
31 Filecoin
32 ApeCoin
33 NEAR Protocol
34 VeChain
35 OKB
36 Internet Computer
37 Flow
38 Hedera
39 Huobi Token
40 Terra Classic
41 MultiversX (Elrond)
42 Chiliz
43 Trust Wallet Token
44 EOS
45 Pax Dollar
46 Tezos
47 Aave
48 Theta Network
49 The Sandbox
50 Chain
51 TrueUSD
52 Bitcoin SV
53 Decentraland
54 Zcash
55 USDD
56 Axie Infinity
57 Aptos
58 BitTorrent-New
59 PancakeSwap
60 BitDAO
61 KuCoin Token
62 Maker
63 Fantom
64 Gemini Dollar
65 Neutrino USD
66 IOTA
67 PAX Gold
68 Klaytn
69 eCash
70 Dash
71 Neo
72 The Graph
73 THORChain
74 Mina
75 Synthetix
76 Fei USD
77 GMX
78 EthereumPoW
79 GateToken
80 Nexo
81 Basic Attention Token
82 Lido DAO
83 ImmutableX
84 Loopring
85 Curve DAO Token
86 Stacks
87 1inch Network
88 Casper
89 Decred
90 Zilliqa
91 Kava
92 Arweave
93 Enjin Coin
94 Helium
95 NEM
96 Holo
97 Celo
98 Ethereum Name Service
99 Convex Finance
100 Osmosis