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 Litecoin
5 Bitcoin Cash
6 EOS
7 Binance Coin
8 Bitcoin SV
9 Tether
10 Stellar
11 Cardano
12 TRON
13 Monero
14 Dash
15 Cosmos
16 IOTA
17 NEO
18 Ethereum Classic
19 Tezos
20 NEM
21 Ontology
22 Maker
23 Zcash
24 Chainlink
25 Bitcoin Gold
26 Crypto.com Chain
27 Basic Attention Token
28 VeChain
29 Dogecoin
30 Qtum
31 USD Coin
32 OmiseGO
33 BitTorrent
34 Decred
35 Bitcoin Diamond
36 Lisk
37 Waves
38 Holo
39 TrueUSD
40 Ravencoin
41 Zilliqa
42 Pundi X
43 0x
44 Nano
45 Bytom
46 Augur
47 Komodo
48 Aurora
49 Bytecoin
50 Huobi Token
51 ICON
52 BitShares
53 Paxos Standard Token
54 IOST
55 DigiByte
56 Qubitica
57 KuCoin Shares
58 Verge
59 MonaCoin
60 Aeternity
61 GXChain
62 Dent
63 Metaverse ETP
64 Steem
65 Siacoin
66 SOLVE
67 HyperCash
68 ThoreCoin
69 Enjin Coin
70 THETA
71 aelf
72 HedgeTrade
73 Ardor
74 Status
75 Stratis
76 Maximine Coin
77 Crypto.com
78 Mixin
79 VestChain
80 Golem
81 ABBC Coin
82 WAX
83 Zcoin
84 Insight Chain
85 Dai
86 TrueChain
87 Cryptonex
88 Nash Exchange
89 Waltonchain
90 Grin
91 Project Pai
92 Nebulas
93 Energi
94 MaidSafeCoin
95 NULS
96 Egretia
97 Horizen
98 Santiment Network Token
99 Loopring
100 Ark