2100NEWS WEEKLY CRYPTO REPORT

Written by on July 24, 2019

In the past week, after the Total index’s 28% price slump from swing-high (7-10-2019) we were observing consolidation, total (NWST1100) index plummeted by 11.27%, Crypto Market Breadth Digital Assets Indicators have shown the start of a bearish trend. U Network (UUU) 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 28% price slump from swing-high (7-10-2019) we were observing consolidation. Looking at the chart below we can see that since the beginning of the past week, four Crypto Market Breadth Digital Assets Indicators (Percent members of the index with prices above 50 Days EMA) have shown the start of a bearish trend.
Looking ahead to the next week, the indicators give us the following signals: we can see that RSI is near 40, the PPO wave could change direction to positive, PPO histogram could continue 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 at this point, there are two likelihoods of a continuing downward trend or continuation of consolidation. We are still in the area where consolidation can continue. But the trend has been falling for some time. After the last week, the dilemmas about this are getting smaller. if support at 830 points will not hold, we could most likely see the continuation and deepening of the downward trend.

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

At the table, you can see that Total (NWST1100) index plummeted by 11.27% 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 90% but this growth has stopped in the last two months.

Indexes Revision 7-19-2019

The Bi-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 U Network, Egretia, EDUCare and … have improved their rankings they were added to NWSL100 and deleted from NWSM200. Dent, Golem, Cortex and … were deleted from NWSL100. They are new members of NWSM200. New mid-caps are  FreldoCoinX, Sero, Elrond Network … 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 U Network (UUU) price performance has soared vs. average coin or token which is a member of NWSL100 index in the past two months.

U Network U Network (UUU)  

2100NEWS ranking: 61, Large-cap Ethereum based Token, Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100

U Network describes itself as a decentralized content asset storage, notarization, distribution, publishing, and valuation network. It claims to allow users to convert their own digital content into assets within the U Network ecosystem. The goal is to construct a financial market for content, leading to the redistribution and optimization of value in the token economy.

 


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