ARDR (Ardor) as Large-cap Coin is 53 in 2100NEWS ranking. ARDR has Ordinary quality of the order book. The average quality of the order book for large caps members of NWSL100 index is 9.8. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind when you create a buying list to go into the crypto world.
In 2018, Ardor was launched in production and ARDR tokens were distributed to airdrop participants. ARDR has been launched in 14 exchanges.
ARDR as Large-cap Coin is 53 in 2100NEWS ranking (after Index Review of 13th September 2019). It is an Index member: NWST1100, NWSL100, NWCo100
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 10.3, (Average for Large caps: 9.8)
Over the past week, the average market cap was $58.7 million, average daily volume was $1.3 million.
To make appropriate peers comparison we gauged the ARDR (Ardor) coin with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the original ARDR price, in the middle of the chart is ARDR vs. NWSL100, at the bottom of the chart are NWSL100 and correlation between ARDR and NWSL100. On average (EMA25 – green area graph), the relationship between ARDR and NWSL100 has remained similar from May for nearly four months, meaning it was oscillating (+36%, -17%) around the blue horizontal line. However, the correlation graph gives us an explanation that ARDR was moving in the opposite direction as the NWSL100 (negative correlation) last three weeks and three weeks in June and July. For the rest of the time, representing 60% of the time, it was moving in the same direction as the NWSL100. Despite these changes, now the ARDR/NWSL100 ratio is practically the same as in May. So, the last four months, ARDR has been a good representative of the NWSL100 index.