2100NEWS WEEKLY CRYPTO REPORT

Written by on March 11, 2019

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

 

Looking at the (NWST1100) chart, in the last week, markets moved in a sideways trend as we predicted in the previous Weekly Crypto Report. 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: we can see that PPO continued slightly declining, PPO histogram is near 0. 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. 

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 30%, fueled by the momentum demonstrated by BNB. Reason for excellent gain is that the most important member of NWSET100 is Binance (BNB) the native crypto asset of Binance Chain, a blockchain network developed by the world’s largest cryptocurrency exchange which has soared by 134% YTD. It became the 7th most valuable digital asset in the marketEthereum tokens are surging because, in terms of development, institutionalization, and adoption, the cryptocurrency sector has seen more progress in the past 3 months than in 2018. Similarity amongst tokens like BNB, they have showcased product launches, integrated scalability and privacy solutions, and an overall increase in adoption.

Total (NWST1100) index declined by 0.35% 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 6%. 

Indexes Revision 3-8-2019

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 NWSL100, and NWSM200. As we can see on the tables that 13 DA changed their membership. Maximine Coin, Kyber Network, Metqadium, Digitex Futures … have improved their rankings they were added to NWSL100 and deleted from NWSM200. STASIS EURS, Aion, Bancor, Wanchain … were deleted from NWSL100. They are new members of NWSM200. New mid-caps are Spendcoin, AppCoins, FLO … 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 Cosmochain (MDA) has performed better than average coin or token which is a member of NWSL100 index, in last four weeks its price performance is about 130% better than NWSL100.

Cosmo Coin Cosmo Coin (COSM)

2100NEWS ranking: 90, Large cap Ethereum based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100

Cosmochain is a complementary Company-to-Consumer platform that connects cosmetics product users and content creators to cosmetics product suppliers, including cosmetics companies, OEM/ODM manufacturers, R&D centers, and distributors. Through this platform, the Cosmochain Team aims to solve the aforementioned unmet needs of both companies and customers. All data collected from platform participants are kept confidential in this customer-centered ecosystem. Those who contribute their scarce time and attention toward producing and curating contents for others are compensated with tokens and receive pro-rata ownership of the contents they create. On the other hand, cosmetics product suppliers are able to actualize a wide variety of “on-demand” services on the platform by utilizing API that Cosmochain provides.

 


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