In the last week, the trend was sideways, markets were slightly higher but failed to move to the target. Total (NWST1100) index increased by 1.56% last week. The biggest jump in our ranking made TrueChain (TRUE). 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 were slightly higher but failed to move to the target near 500 points as we predicted in the previous Weekly Crypto Report.
Looking ahead to the next week. The indicators give us the following signals: we can see that RSI is not bullish. PPO and PPO histogram waves could be negative in the next few days. Breadth indicator McClellan summation index could reach a local maximum. This set up means that we expect markets to pull back near 430 points (7%).
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 surged by more than 25%, 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 increased by 1.56% 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 average crypto vs. W1Dow lost about 3%.
Indexes Revision 3-22-2019
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 True Chain and Bibox Token have improved their rankings they were added to NWSL100 and deleted from NWSM200. Hdac Alibabacoin were deleted from NWSL100. They are new members of NWSM200. New mid-caps are DATA, BitKan, Mobius … Other weekly additions and deletions this week for the other indexes from the family are available here.
We select the member in the NWSL100 crypto index with the biggest jump in our ranking. We can see from the chart that TrueChain (TRUE) has performed better than average coin or token which is a member of NWSL100 index, after the announcement of The Great Discovery Plan its price performance has soared by about 70% vs. NWSL100.
2100NEWS ranking: 80, Large cap Ethereum based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100
TrueChain is a truly fast, permissionless, secure and scalable public blockchain platform which is supported by hybrid consensus technology called Minerva and a global developer community. TrueChain uses hybrid consensus combining PBFT and fPoW to solve the biggest problem confronting public blockchain: the contradiction between decentralization and efficiency. TrueChain uses PBFT as fast-chain to process transactions, and leave the oversight and election of PBFT to the hands of PoW nodes. Besides, TrueChain integrates fruitchain technology into the traditional PoW protocol to become fPoW, to make the chain even more decentralized and fair. TrueChain also creates a hybrid consensus incentive model and a stable gas fee mechanism to lower the cost for the developers and operators of DApps, and provide better infrastructure for decentralized eco-system. TrueChain has a 500+ developers from the world that is continuously growing, and a well equipped open source product grid.