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