2100NEWS WEEKLY CRYPTO REPORT
Written by Branko on May 22, 2019
In the last week, digital assets soared, total (NWST1100) index by 18.94%. Since 13th May Large Caps (NWSL100) and Coins (NWSCo100) have gained vs Bitcoin and Ether. That has started a normal second step in index rotation. Horizen (ZEN) 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.
We can see on the (NWST1100) chart, that digital assets soared 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 Coins and Large Caps (index NWSL100) gained vs NWSBE in the past week. That has been a normal second step in index rotation.
Looking ahead to the next week. The indicators give us the following signals: we can see that RSI is bullish and oversold, the PPO wave could go down, PPO histogram could be negative in the next few days. Breadth indicator McClellan summation index is raising, ADVP a breadth statistic based on Net Advancing Volume is declining. This set up means that is likely expected markets to trend sideways. The target down is near 730 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 soared by 18.94% 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). Since 13th May Large Caps (NWSL100) has experienced move up. This is a normal index rotation because tokens and coins vs Bitcoin and Ether are now cheaper than they were 6 weeks ago.
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 60%, last quarter crypto had much better performance than global equity.
Indexes Revision 5-17-2019
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 luna, BitcoinHD, Factom, … have improved their rankings they were added to NWSL100 and deleted from NWSM200. Nexo, Bitmax, Digitex Futures, … were deleted from NWSL100. They are new members of NWSM200. New mid-caps are Thunder Token, Matic Network, BTU Protocol… 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 Horizen (ZEN) price performance has soared vs. average coin or token which is a member of NWSL100 index in May.
2100NEWS ranking: 88, Large cap, Index member: NWST1100, NWSL100, NWSCo100
Horizen (formerly ZenCash) is an incentive-driven application platform with optional zk-SNARK based privacy features that aims to provide everyone with complete control of their digital footprint. Launched in May 2017 (no ICO and no pre-mine), the platform is said to enable real-life use cases beyond the ZEN currency, including the ability to privately chat with others, publish information and go anywhere on the web with complete privacy. The team is reportedly working towards releasing the Horizen SDK which would allow developers and enterprises to build what they call “an unbounded set of applications, products, and services on top of the Horizen technology platform which is a truly decentralized side-chain based system powered by Horizen’s globally distributed multi-tier node network.”
Horizen Arizen v1.2.3 is now available. The latest upgrade enhances stability and performance for wallets containing many transactions. Download the release here https://t.co/nJ2PirZgIb pic.twitter.com/MMfwUe2snv
— Horizen (@horizenglobal) May 10, 2019