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 Bitcoin Cash
5 EOS
6 Litecoin
7 Stellar
8 Cardano
9 IOTA
10 Tether
11 TRON
12 NEO
13 Monero
14 Dash
15 Ethereum Classic
16 NEM
17 Binance Coin
18 Tezos
19 VeChain
20 OmiseGO
21 Zcash
22 Qtum
23 0x
24 Bytecoin
25 ICON
26 Decred
27 Zilliqa
28 Lisk
29 Ontology
30 BitShares
31 Bitcoin Gold
32 Aeternity
33 DigiByte
34 Maker
35 Siacoin
36 Steem
37 Verge
38 Nano
39 Dogecoin
40 Basic Attention Token
41 Bytom
42 Augur
43 Pundi X
44 Bitcoin Diamond
45 Waves
46 Golem
47 Stratis
48 Waltonchain
49 KuCoin Shares
50 Wanchain
51 Status
52 Populous
53 RChain
54 Hshare
55 Mixin
56 Mithril
57 IOST
58 DigixDAO
59 Aion
60 GXChain
61 MaidSafeCoin
62 Huobi Token
63 aelf
64 Loopring
65 Komodo
66 Nebulas
67 Bitcoin Private
68 Ardor
69 Ark
70 MOAC
71 Loom Network
72 WAX
73 FunFair
74 MonaCoin
75 Power Ledger
76 ReddCoin
77 TenX
78 Kyber Network
79 Decentraland
80 MCO
81 Dentacoin
82 Emercoin
83 Gas
84 Kin
85 Bancor
86 CyberMiles
87 Dropil
88 Cryptonex
89 PIVX
90 Polymath
91 Nuls
92 Ethos
93 Enigma
94 Elastos
95 ZenCash
96 Paypex
97 Veritaseum
98 Gifto
99 Factom
100 Theta Token