In the past week, after the Total index’s 20% price slump from 2019-high, we were observing consolidation (falling flag pattern), total (NWST1100) index plummeted by 8.32%. HyperCash (HC) 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 after the Total index’s 20% price slump from 2019-high we were observing consolidation (falling flag pattern). A Pullback may be healthy. Traders are a lot more confident in the markets after a hard reset.
Looking ahead to the next week, the indicators give us the following signals: we can see that RSI is near 60, the PPO wave could change direction, PPO histogram could start a positive wave in the next few days. Breadth indicator McClellan summation index and ADVP a breadth statistic based on Net Advancing Volume are declining. This set up means that is likely expected a wave up inside a sideways trend.
Performance of different groups of Digital Assets (Coins and Tokens)
Looking at the table, you can see that Total (NWST1100) index plummeted by 8.32% 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 over 100% and with this growth. “We’ve moved from spring to summer. It’s hot out there!”
Indexes Revision 7-5-2019
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 NWS30, NWSL100, and NWSM200. As we can see on the tables HyperCash, QuarkChain, Harmony and … have improved their rankings they were added to NWSL100 and deleted from NWSM200. WAX, BitconHD, Horizen and … were deleted from NWSL100. They are new members of NWSM200. New mid-caps are Business Credit Alliance Chain, Ruff, XMax … Other 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 HyperCash (HC) price performance has soared vs. average coin or token which is a member of NWSL100 index in the past month.
2100NEWS ranking: 38, Large cap, Index member: NWST1100, NWSL100, NWSCo100
HyperCash, formerly known as Hcash, was designed to facilitate value transfers across different blockchains. It supports zero-hash proofs, DAO governance, and quantum resistance. HyperCash offers two types of wallets: white and black. White addresses are publicly viewable, while black addresses will remain private. The use of zero-knowledge proofs masks the identity of the sender and receiver while verifying transactions. Hcash uses a hybrid blockchain/DAG network and a hybrid PoW/PoS consensus model for governance.