Written by on March 4, 2019

In the 2100News weekly crypto report, we analyze and gauge the entire crypto market to understand why the crypto universe is as it is in order to understand where we go. In the last week, the trend was sideways and bullish flag formations were found. The best performing were tokens based on Ethereum. We analyze the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represent top 1100 Digital Assets. 

In the last week, markets moved in a sideways trend. Looking at the (NWST1100) chart, we can see consolidation as we predicted in the previous Weekly Crypto Report. Crypto market failed to extend its bullish momentum. Bullish flag formations were found.  The pole was the result of vertical rise and the flag resulted from a period of consolidation.

Looking ahead to next week. The indicators give us the following signals: Report On the PPO and PPO histogram, we can see that they continued declining and they support the downward movement. Their waves could be negative in the next few days. RSI is in the neutral zone between 40 and 60. Breadth indicator McClellan summation index is still rising. This set up means that we expect consolidation (declining) and a short term sideways trend.  Breaking below the 410 points will open the road to the support 1 at 380 level and it will break the bullish structure. It won’t be good for all crypto enthusiasts who expect for a new bullish period.

Performance of different groups of Digital Assets (Coins and Tokens)

On the Chart and the table below, you can see that Tokens based on Ethereum represented by 2100NEWS DA Ethereum Tokens Index (NWSET100), has been the best performing index last week, last two weeks… In the last 30 days, it surged by more than 25%. At the same time the Total market (NWST1100), Bitcoin, and Ether (NWSBE) jumped about 13%. Total (NWST1100) index declined by 3.02% last 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 since November 13th crypto has lost the ground vs. global equity. This year crypto vs. W1Dow lost about 7%. 


Indexes Revision 3-1-2019

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 NWS30, NWSL100, and NWSM200. As we can see on the tables that ten DA changed their membership. Enjin Coin, Hdac, Bread, Moss Coin, and Moeda Loyalty Points have improved their rankings they were added to NWSL100 and deleted from NWSM200. ReddCoin, DigixDAO, Polymath, REPO, and Tenx were deleted from NWSL100. They are new members of NWSM200. New mid-caps are Ripio Credit Network, Paragon, LTO Network … Other weekly additions and deletions this week for the other indexes from the family are available here.


Winner member

We select the member in the NWSL100 crypto index with the biggest jump in our ranking. We can see from the chart that Moeda Loyalty Points (MDA) has performed better than average coin or token which is a member of NWSL100 index, in last three weeks its price performance is about 14% better than NWSL100.

Moeda Loyalty Points Moeda Loyalty Points (MDA)

2100NEWS ranking: 83, Large cap Ethereum based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100

Moeda Tokens are backed by a social contract in loyal support of Green Cross Brazil to achieve the United Nations Sustainable Development Goals (SDGs). Capital appreciation of tokens will correlate to usage, investment, and projects’ sustainable profitability subject to market supply and demand dynamics. The tokens will be transferable once the sale has concluded. MDA is issued based on smart contract rules and as a loyalty benefit for a donation to Green Cross Brazil during the Initial Contribution Offering (ICO) period. After ICO, loyalty tokens are a freely floating asset that will be priced according to market supply and demand. There is a maximum supply of 20 million MDA tokens that will be created with this contract.


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