2100NEWS WEEKLY CRYPTO REPORT
Written by Branko on May 6, 2019
In the last week, digital assets rose. Total (NWST1100) index surged by 7.28%. Cosmos (ATOM) is the NWSL100 crypto index member which made the biggest jump in our ranking. 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. The chart layout is for an experienced user the basis of the forecast about the most likely direction of the market. The chart overwhelmed with information is at first glance difficult to read but on the chart is the most important price information, important decisive price levels, momentum, volume of trading, and crypto market breadth.
We can see on the (NWST1100) chart, that digital assets surged in the last week. Crypto markets experienced a sideways trend past four weeks.
Looking ahead to the next week. The indicators give us the following signals: we can see that RSI is neutral, the PPO wave could go up, PPO histogram could be positive in the next few days. Breadth indicator McClellan summation index is falling, ADVP a breadth statistic based on Net Advancing Volume is near zero. This set up means that is likely expected markets to go up. The target up is strong, important resistance which is on the chart marked with the green dashed line.
Performance of different groups of Digital Assets (Coins and Tokens)
Looking at the table and the chart below, you can see that Total (NWST1100) index rose by 7.28% in the last week. In the last 30 days, the best performers were Bitcoin and Ether represented by 2100NEWS Digital Assets Bitcoin-Ether Index (NWSBE). They gained about 30% vs. the average Coin represented by NWSCo100 index.
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 rose about 15%, last quarter crypto had much better performance than global equity.
Indexes Revision 5-03-2019
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 and NWSM200. As we can see on the tables MEDIKEY, Zeon, ABBC coin… have improved their rankings they were added to NWSL200. Cosmo Coin, CoinEx Token, BTU Protocol… were deleted from NWSL200. 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 Cosmos (ATOM) price performance has soared by 47% vs. average coin or token which is a member of NWSL100 index in the last 10 days.
2100NEWS ranking: 22, Blue chip, Index member: NWST1100, NWSL100, NWS30, NWSCo100, NWSDM100
Cosmos is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms like Tendermint consensus. In other words, Cosmos is an ecosystem of blockchains that can scale and interoperate with each other. Before Cosmos, blockchains were siloed and unable to communicate with each other. They were hard to build and could only handle a small amount of transactions per second. Cosmos solves these problems with a new technical vision. The first Hub launched in the Cosmos Network is the Cosmos Hub. The Cosmos Hub is a public Proof-of-Stake blockchain whose native staking token is called the ATOM, and where transactions fees will be payable in multiple tokens.
…and allow them to exchange data packets w/each other. And those data packets could contain things like tokens, NFTs, programs, etc. That protocol is now what we're putting together."#IBC
— Cosmos – the Internet of Blockchains (@cosmos) April 23, 2019