2100NEWS WEEKLY CRYPTO REPORT
Written by Branko on May 14, 2019
In the last week, digital assets rose. Total (NWST1100) index surged by 5.06%. On PF chart you can see that long term trend changed to bullish. Solve.care (SOLVE) 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 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.
Finally, we reached the target that we marked on the charts in the past weeks. We can see on the (NWST1100) chart, that digital assets surged in the last week. In May Crypto markets experienced a strong rally led by Bitcoin and Ether but on the table below we can see that most of the tokens and coins plunged in the past week. On PF chart you can see that long term trend changed to bullish.
Looking ahead to the next week. The indicators give us the following signals: we can see that RSI is bullish, the PPO wave could still 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 rising. This set up means that is likely expected markets to go up. The target up is near 900 points.
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 5.06% in the past week and we can also see indexes rotation. In the last 6 weeks, the best performers were Bitcoin and Ether represented by 2100NEWS Digital Assets Bitcoin-Ether Index (NWSBE). Ethereum tokens were the best performers in March (30% better than NWSBE), but they have been the worst in April and May (fell 40% vs NWSBE).
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 30%, last quarter crypto had much better performance than global equity.
Indexes Revision 5-10-2019
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 SOLVE, MEDIKEY, Aurora, … have improved their rankings they were added to NWSL100 and deleted from NWSM200. Celer Network, Mithril, Gemini dollar, … were deleted from NWSL100. They are new members of NWSM200. New mid-caps are LUNA, V Systems, BitcoinHD … 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 Solve.care (SOLVE) price performance has soared vs. average coin or token which is a member of NWSL100 index in the last 10 days.
2100NEWS ranking: 72, Large cap Ethereum based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100
Solve.Care is a healthcare IT company that builds blockchain platforms which the team believes may improve the way healthcare is delivered and managed. The Solve.Care platform reportedly uses blockchain technology as the underlying distributed ledger for coordinating care, benefits and payments between all parties in the chain of healthcare: patients, doctors, pharmacies, laboratories, employers, insurers, and others. SOLVE tokens may be used to secure efficient and transparent healthcare administration around the world. The token supply is fixed and the price variable, as determined by market supply and demand. SOLVE token runs natively on the Ethereum blockchain and is designed to follow the ERC20 token standard. SOLVE utility tokens are the currency used for transactions on the platform. According to the foundation, they can be utilized to pay for Care Administration Network fees, establish Care.Wallets, purchase Care.Cards, and participate in Care.Marketplace services as well as pay for associated integration fees. In addition, SOLVE is reportedly used for the emission of Care.Coins and payments requiring Care.Coins.
— Solve.Care (@Solve_Care) April 29, 2019