2100NEWS WEEKLY CRYPTO REPORT

Written by on June 25, 2019

In the past week, digital assets experienced a rapid surge, total (NWST1100) index by 12.43%. CyberMiles (CMT) 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. 

However, we are now seeing more evidence that this market may be stronger than anticipated in the near term. The hot topic of the week was the reveal of Facebook’s Libra project.  We can see on the (NWST1100) chart, that index was headed to 1040 points region near the first resistance line.
Looking ahead to the next week, the indicators give us the following signals: we can see that RSI is near 80 and oversold, the PPO wave could continue direction, PPO histogram could stay positive in the next few days. Breadth indicator McClellan summation index and ADVP a breadth statistic based on Net Advancing Volume are rising. This set up means that is likely expected that a move up will continue. 

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

Looking at the table, you can see that Total (NWST1100) index soared by 12.43% in the past 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. This year average crypto vs. W1Dow soared about 100% and with this growth, it replaced all the losses that arose last November. 

 

Indexes Revision 6-21-2019

The two 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 Thunder Token, ZCoin, CyberMiles and … have improved their rankings they were added to NWSL100 and deleted from NWSM200. Insight Chain, Cryptonex, MixMarvel and … were deleted from NWSL100. They are new members of NWSM200. New mid-caps are  LTO NEtwork, BEAM, Bolt Token … Other 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 CyberMiles (CMT) price performance has soared vs. average coin or token which is a member of NWSL100 index in the past two weeks.

CyberMiles CyberMiles (CMT)    

2100NEWS ranking: 85, Large cap, Index member: NWST1100, NWSL100, NWSCo100

CyberMiles is the blockchain technology developed by 5xlab, a blockchain development laboratory. 5xlab is working closely with 5miles, a leading c2c marketplace operator with more than 12 million users in the US. 5miles is expected to be the first platform to utilize CyberMiles’ blockchain protocol, and will also assist 5xlab to develop the technology. Over the last three years of leading innovation in online & local marketplaces, 5miles has accumulated the necessary technical and commercial know-how to tailor blockchain technology & smart-contracts for real-world applications. 5xlab seeks to use this expertise to develop CyberMiles, with a focus on trust and compliance, thus enabling it to be a mainstream blockchain technology for real-world businesses.

 


Continue reading

[There are no radio stations in the database]