2100NEWS WEEKLY CRYPTO REPORT
Written by Indira on November 1, 2018
In the world of crypto, information is power. In a market driven by volatility, news and mass psychology, any tool that provides insights into what drives token’s and coin’s prices up and down is a welcome addition to every investor’s arsenal. With the 2100News weekly crypto report, we launch articles which analyze and gauge the entire crypto market. Our analyzing tools are a family of cryptocurrency indexes, 2100NEWS DA (Digital Assets) Indexes which will serve for general insight into crypto markets and measure for their current and past movements.
As you can see at the chart 2100NEWS Digital Assets Total Index (NWST1100) which measures the performance of top 1100 crypto assets by market cap, there is a resistance testing for last week. Technically, from 21st of September, the markets continue to weaken, as October draws to close. Markets continued to trend sideways. So we will keep our eyes on support levels at 720 points at which it is thought that the price will tend to stop and reverse.
Performance of different groups of Digital Assets (Coins and Tokens)
On the table, you can see that medium-sized digital assets by market capitalization were the best performing group last week. The market cap of each asset spans from $12 million to $70 million USD. NWSM200 gained 5.20% last week. Our total (NWST1100) and overall (NWSOI) indexes are slightly higher than they were before one 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 average global equity represented by Dow Jones global index W1Dow. As you can see crypto has performed better than equity since 12th September.
Indexes Revision 10-26-2018
The weekly revision update both, the amount of each asset publicly available and any additions and deletions from the indexes. On the table below are additions and deletions from NWSL100. Other weekly additions and deletions this week for the other indexes from the family are available here.
Winner new member
We select the new member in NWSL100 with the biggest jump in our ranking. We can see from the chart that in October RVN performed better than average coin or token which is a member of NWSL100 index.
Ravencoin is a blockchain and platform optimized for transferring assets, such as tokens, from one holder to another. Based on the extensive development and testing of the UTXO model of the Bitcoin protocol, Ravencoin is built on a fork of the Bitcoin code. Key changes include a block reward time of one minute, a change in the number of coins issued, but not the weighted distribution schedule and the addition of asset creation and messaging capabilities. Ravencoin is free and open source. All Ravencoin (RVN) are fairly issued and mined publicly and transparently using Proof of Work (POW) using the x16r algorithm which was created for Ravencoin.
The mainnet for the protocol asset layer will be released on October 31, 2018. This is the one year anniversary of the Ravencoin founding and the 10 year anniversary of Bitcoin.
The network has been live since January 3 which is the anniversary of the Bitcoin network launch.
— Ravencoin (@Ravencoin) October 21, 2018