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 Tether USDt
4 BNB
5 Solana
6 XRP
7 USDC
8 Dogecoin
9 Cardano
10 Avalanche
11 Shiba Inu
12 Toncoin
13 Polkadot
14 Bitcoin Cash
15 Chainlink
16 TRON
17 Polygon
18 Internet Computer
19 Uniswap
20 Litecoin
21 NEAR Protocol
22 Aptos
23 UNUS SED LEO
24 Dai
25 Stacks
26 Filecoin
27 Ethereum Classic
28 Cosmos
29 Arbitrum
30 Immutable
31 Render
32 Stellar
33 Cronos
34 Hedera
35 OKB
36 Mantle
37 The Graph
38 Optimism
39 dogwifhat
40 Bittensor
41 Injective
42 VeChain
43 Pepe
44 Maker
45 Kaspa
46 THORChain
47 Theta Network
48 Fantom
49 Fetch.ai
50 Arweave
51 Celestia
52 First Digital USD
53 Lido DAO
54 Sui
55 Monero
56 FLOKI
57 Sei
58 Algorand
59 Flow
60 Gala
61 Bitcoin SV
62 Aave
63 Beam
64 Conflux
65 Bonk
66 SingularityNET
67 Jupiter
68 Quant
69 dYdX (Native)
70 MultiversX
71 BitTorrent (New)
72 Starknet
73 Synthetix
74 The Sandbox
75 Axie Infinity
76 Bitget Token
77 eCash
78 Tezos
79 ORDI
80 Worldcoin
81 Pyth Network
82 Mina
83 Chiliz
84 Decentraland
85 Axelar
86 Flare
87 Ronin
88 Ondo
89 EOS
90 Akash Network
91 ApeCoin
92 PancakeSwap
93 KuCoin Token
94 Neo
95 IOTA
96 Kava
97 SATS
98 JasmyCoin
99 Helium
100 dYdX (ethDYDX)