In the 2100News weekly crypto report, we analyze and gauge the entire crypto market with 2100NEWS DA (Digital Assets) Indexes, Factor Indexes, and Crypto Market Breadth Indicators. These tools serve for general and deep insight into crypto markets and measure for their current and past movements.
In the last Weekly Crypto Report, I was calling for a Christmas rally. Technically, as you can see on the left PF chart 2100NEWS Digital Assets Total Index (NWST1100), bulls grabbed the setup and took advantage of the wedge and the double bottom. So, last week we had a very strong rally and a good solid correction and/or consolidation of the rally on Friday. Ehtereum based tokens group is bad performing. On the table below we can see that it gained 22.04% in fiat (USD) but lost over 27% vs ETH last week.
Looking ahead to next week we are observing the first signs of a bullish market. On the chart denoted with the arrow, you can see that PPO headed to positive and RSI should be over 60 points. The whole market is at crucial levels now and the bears are no more in favor. But it could be after Christmas rally bulls will come. So nothing clear, but a very good indication would be if you see positive PPO and higher ADVL and Mc Clellan Summation Index. So, there is a likelihood that the Christmas rally will continue.
Performance of different groups of Digital Assets (Coins and Tokens)
Gains last week were extreme. On the table below, you can see that the last week and last two weeks Coins (NWSCo100) and big-sized digital assets by market capitalization were the best performing group, These two indexes have the highest volatility. NWSCo100 and NWSL100 soared by 43.87% and by 36.63%. All Groups of tokens and coins are higher than they were before one week or before two weeks. Total (NWST1100) indexes jumped by 30.03%.
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 since November 13th crypto has lost the ground, it plunged by 51% vs. global equity. Last week crypto vs. W1Dow upraised up to 40%, but crypto is still 30% lower as of November 13th.
Indexes Revision 12-21-2018
The weekly revision update both, the amount of each asset publicly available and any additions and deletions from the indexes. On the tables below there are additions and deletions from NWSL100 and NWSM200. As we can see on the tables that two groups changed their membership. Digitex Futures and Hyperion have improved their rankings they were added to NWSL100 and deleted from NWSM200. EURt and Linkey were deleted from NWSL100. They are new members of NWSM200. New mid-caps are Centercoin, Crypto.com Chain, Veros… Other weekly additions and deletions this week for the other indexes from the family are available here.
We select the new member in NWSL100 crypto index with the biggest jump in our ranking. We can see from the chart that in December Digitex Futures (DGTX) performed 60% better than average coin or token which is a member of NWSL100 index.
Digitex Futures (DGTX)
|2100NEWS ranking: 87, Large cap Ethereum based Token , Index member: NWST1100, NWSL100, NWSTo100, NWSET100
The Digitex Futures Token is a protocol token that has real-world utility and value. Its value derives directly from its utility as a vehicle for the commission-free trading of liquid futures contracts on the price of Bitcoin, Ethereum and Litecoin against the US Dollar. As more traders are attracted to the commission-free markets of the Digitex Futures Exchange, demand for DGTX tokens will increase. Increasing demand for DGTX tokens from traders who are attracted to commission-free futures markets will outweigh the inflationary cost of minting a small number of new tokens each year.