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