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