2100NEWS WEEKLY CRYPTO REPORT
Written by Indira on November 12, 2018
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 analyze and gauge the entire crypto market. A family of cryptocurrency indexes, 2100NEWS DA (Digital Assets) Indexes serve for general insight into crypto markets and measure for their current and past movements.
Technically, as you can see on the chart below 2100NEWS Digital Assets Total Index (NWSL100) which measures the performance of top 100 crypto assets by market cap, two weeks ago the price was approaching a crucial support level, support zone held and reversed course on support levels near 690 points.
This past week upside run continued to the 813 points swing high and NWSL100 has started to demonstrate momentum, recording around 17 percent rise in value, also demonstrated a daily price increase of over 6 percent. Since then, NWSL100 endured a pullback. The downside move was such that price was approaching close to the 50% Fib. retracement of the recent rally. All 2100NEWS DA indexes had similar moving pattern last week.
Looking ahead to next week it is likely that rally will continue. However, NWSL100 price would have to comfortably breakout of the 813 points resistance level and test the 856 points resistance level to confirm a bullish short-term price action.
Performance of different groups of Digital Assets (Coins and Tokens)
On the table below, you can see that large-sized digital assets by market capitalization were again like the week before the best performing group last week. The market cap of each asset in this index spans from $60 million to $18 billion USD. NWSL100 gained by 4.17% last week. Almost all group of tokens and coins are higher than they were before one week. Our total (NWST1100) and overall (NWSOI) indexes have increased by 1.49% and 2.15% since November 2nd.
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 September 12th but the first part of last week crypto performed better than global equity while in the last three days global equity performed better than crypto. The drop still left the crypto in positive territory for last week.
Indexes Revision 11-09-2018
The weekly revision update both, the amount of each asset publicly available and any additions and deletions from the indexes. On the tables below are additions and deletions from NWSL100 and NWSM200. As we can see on the tables DAI which was deleted from NWSL100 and Kyber Network which is a new member changed their membership. 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 NWSM200 crypto index with the biggest jump in our ranking. We can see from the chart that in October and November Smartlands (SLT) performed much better than average coin or token which is a member of NWSM200 index. Smartlands in October and early November showed improvement in tokenization of real economy assets by issuing security tokens.
Smartlands platform is designed to create a new class of low-risk future-proof tokens, secured by real, profitable assets in agriculture and establish an appropriate infrastructure for ICOs of such tokens that protects investors from the major part of risks Smartlands Platform is a crucial element of the token market infrastructure and performs the major part of tokenization of agricultural assets in the most efficient and transparent way, creating significant value for the crypto community. Positive impact on the world economy, due to increased food security and the sustainability of agriculture. Protection of investors of agricultural asset-backed tokens ‘sated on Smartlands Platform will be based on a relevant legal structure with collateralization of assets, legal due diligence, highly automated agricultural audits, and distributed governance secured with blockchain technology.
The main topic for the @Smartlands October #newsletter is our announcement of the community vote on the pipeline of projects for tokenization on @StellarOrg. That said, we've got plenty of other exciting news for you!https://t.co/6ShDGm2gC7#Blockchain #Stellar #SecurityToken
— Smartlands (@Smartlands) November 6, 2018