In the past week, the NWST1100 soared by 12.24%. the index had moved to R2 and started consolidation. Aelf (ELF) Token is the NWSL100 crypto index member which made the biggest jump in our ranking last two weeks.
*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represent the top 1100 Digital Assets. The chart overwhelmed with information is at first glance difficult to read but on the chart is the most important price information, important decisive price levels, momentum, volume of trading, and crypto market breadth.
In the previous report, it was said, for the past week our assumption had been: the sideways trend was more likely, the market could linger between 10-days EMA and 900 points. On the NWST1100 chart above, we can see, the index had moved to R2 and started consolidation.
Looking ahead to the next week: The indicators give us the following signals: we can see that RSI is 67 – bullish, PPO histogram bars could sloping negatively in the next few days. PPO histogram and RSI show us the most important thing – momentum rhythm. The Breadth indicators could flatten out. This set up is the basis for my opinion: the sideways trend is more likely, the market could linger between 900 and 1000 points.
Performance of different groups of Digital Assets (Coins and Tokens)
Looking at the table, you can see confirmation, by investing long in crypto you have most likely made money in the last three months. The total (NWST1100) index soared by 12.24% in the past week.
Crypto (Digital Assets) compared with global equity
On the chart below, the performance of the average Digital Aset represented by our NWST1100 index is compared with the average global equity represented by Dow Jones global index W1Dow. In the second half of the last year, crypto has fallen over 50% vs. global equity. but this year crypto is an excellent investment. Last month NWST1100 vs. W1Dow rebounded, average crypto vs. W1Dow has soared by 58% on the year.
Indexes Revision 2-14-2020
The Bi-weekly revision update both, the amount of each asset publicly available and any additions and deletions from the indexes. On the tables below there are additions and deletions from NWSL100, and NWSM200. As we can see on the tables Hedera Hashgraph, BitShares, Multi-collateral DAI… have improved their rankings they were added to NWSL100 and deleted from NWSM200. Terra SDT, BitcoinHD, Crypterium … were deleted from NWSL100. They are new members of NWSM200. New mid-caps are Vitae, High Performance Blockchain, MediBloc. Other additions and deletions this week for the other indexes from the family are available in each index presentation.
We select the member in the NWSL100 crypto index with the biggest jump in our ranking. Considering an investor’s point of view, peer comparison should be efficient and effective. To make appropriate peer comparison we gauged the aelf (ELF) with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the ELF vs. NWSL100, in the middle of the chart is the original ELF price, at the bottom of the chart are NWSL100 and correlation between ELF and NWSL100. Purple area graph shows, ELF was declining vs. NWSL100 in November, December, and January, but it has surged by 30% vs. NWSL100 in the last three weeks. However, the correlation graph gives us an explanation that the correlation is strong (Pearsons correlation coefficient = 0.87). It has been an excellent representative of the NWSL100 index in terms of price changes.
aelf (ELF) Website: https://www.aelf.io/
ELF Large-cap Ethereum based token is 88th in the 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary: 14.8 (Average for Large caps: 13.6)
Over the past week, the average market cap was 57.8 million $, average daily volume was 39.9 million $.
Aelf is an enterprise-focused blockchain platform powered by cloud computing. Leveraging cloud nodes and parallel processing, Aelf is reportedly able to achieve secure transactions at scale for commercial use cases. Aelf was developed by Ma Haobao, who is also the CEO of Hoopox. The team is backed by the likes of Michael Arrington (CEO of TechCrunch) and the founding partner of FBG Capital. Aelf is working with the Innovation Alliance to drive blockchain adoption. Aelf aims to enhance the ecosystem by providing a template and infrastructure for interaction between various sidechains.