2100NEWS WEEKLY CRYPTO REPORT

In the last week, the trend was sideways, in optimistic opinion markets slightly rose. The best performing were tokens based on Ethereum. The biggest jump in our ranking made Groestlcoin (GRS). In the 2100News weekly crypto report, we try 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. Maybe we can imagine that NWST1100 rose slightly last week.  

Looking ahead to next week. The indicators give us the following signals: we can see that RSI is bullish. PPO and PPO histogram waves could be positive in the next few days. Breadth indicator McClellan summation index is still rising. This set up means that we expect markets to move to the target near 500 points.  

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

On 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 two weeks, YTD … In the last 30 days, it soared by more than 38%, fueled by the momentum demonstrated by the most important member of NWSET100 is Binance (BNB), a blockchain network developed by the world’s largest cryptocurrency exchange. 

Total (NWST1100) index declined by 3.57% 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 13^th crypto has lost the ground vs. global equity. This year crypto vs. W1Dow lost about 5%. 

Indexes Revision 3-15-2019

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 9 DA changed their membership. Bancor, iExec RLC, Project Pai, SingularityNET … have improved their rankings they were added to NWSL100 and deleted from NWSM200. Revain, EDEM, Linkey, Zcoin… were deleted from NWSL100. They are new members of NWSM200. New mid-caps are Veritaseum, Ankr Network, Stem Cell Coin … 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 Groestlcoin (GRS) has performed better than average coin or token which is a member of NWSL100 index, after the announcement of the first debit card for Groestlcoin its price performance has soared by about 50% vs. NWSL100.

 Groestlcoin (GRS)

2100NEWS ranking: 76, Large cap, Index member: NWST1100, NWSL100, NWSCo100, NWSDM100

Launched in Mar 2014, Groestlcoin (GRS) is an ASIC-resistant peer-to-peer (p2p) cryptocurrency that claims to offer very low fees. GRS was reportedly one of the first few coins to implement Segregated Witness (SegWit) and perform a Lightning Network transaction on its network. GRS utilizes two rounds of Grøstl-512 for its mining algorithm, and rose to prominence during the Bitcoin fork in late 2017 as CPU/GPU miners sought to move away from coins dominated by ASIC miners.

First Debit Card for Groestlcoin $GRS is here! And is backed by MasterCard®!https://t.co/nin6n1qSIh
» Use it in any retail/online shop that accepts MasterCard debit cards.
» Withdraw cash at any MasterCard-compatible ATM.

We want to thank @PolisPayApp for making this possible! pic.twitter.com/cTGGcPn9hR

— Groestlcoin (GRS) (@GroestlcoinTeam) March 11, 2019