2100NEWS WEEKLY CRYPTO REPORT January-31



Last week, NWST1100 rose 7.09%; like two weeks ago, Crypto markets had tested 25-Days EMA, support held, a rebound followed. Tokens soared. WaykiChain (WICC) Coin is a member of the NWSL100 crypto index that made the most significant jump in our ranking over the last two weeks.

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100), representing the top 1100 Digital Assets. The information-laden chart is difficult to read initially, but the chart shows essential price information, crucial decisive price levels, momentum, trading volumes, and crypto market breadth.

The previous report showed that our assumption for last week had been: a sideways trend and move up were more likely; bulls could propel the price above the upper Keltner line, but sentiment has changed to sell on rallies. Crypto markets would be volatile, with up to 15 percent falls. The NWST1100 chart shows that the assumption proved to be correct. Like two weeks ago, Crypto markets had tested 25-Days EMA, support held, a rebound followed. The volume profile Indicator on the left side of the chart displays trading activity and plots a histogram on the chart. It shows that volume near 3000 points has risen and is becoming comparable to that at the level of early December. That means that both times a similar number of coins and tokens changed owners. At the top, we see momentum indicators: RSI and PPO histogram changed direction.

The chart on the right shows: All four A50R lines were overbought because the broader crypto market has intensified.

* The percentage of digital assets trading above a specific moving average is a breadth indicator that measures internal strength or weakness in the underlying index. The chart on the right side compares the percentage of DA trading above 50 days EMA for:

  1. 100 Large-caps members of NWSL100 (top box)
  2. 1100 members of NWST1100
  3. 100 Ethereum Tokens members of NWSET100
  4. 100 Coins members of NWSCo100 (bottom box)

Outlook for this week

Looking ahead, the Momentum indicators give us the following signals: the RSI is 59; PPO histogram bars may continue direction up, and PPO lines may change direction (up) in the coming days.  All four A50R lines may stay overbought. My opinion is based on this constellation: a move up in the more significant sideways trend is more likely; bulls can propel the price to the previous all-time high (3330 points). Up to 15 percent fall is possible.

 

 

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

The total (NWST1100) index rose by 7.09%. The table below shows that Tokens were the best performing digital assets last week.

Crypto (Digital Assets) compared with global equity

We have already shown the superiority of crypto investments as a new investment class. The chart compares the performance of the average represented by our NWST1100 Digital Asset index with the average global share represented by the Dow Jones global W1Dow index. A month ago, a record high was hit. The Percentage Change Marks on the chart show that this year NWST1100 outperformed W1Dow by 35.7%, while over the last 12 months, NWST1100 was 229% higher. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price and W1Dow price are above average, but the NWST1100 spot price is 161.9% higher than twelve months index average price. That means: If we bought one NWST1100 every day over the last twelve months, our investment is recording 161.9% gains today.

*The box in the middle of the chart shows the original NWST1100 price; at the bottom of the chart is W1Dow. 

 

Indexes Revision 1-29-2021

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 NWS30, NWSL100, and NWSM200. As we can see on the tables: Fantom, Enjin Coin, and WaykiChain have improved their rankings; they were added to NWSL100, they were deleted from NWSM200. Holo, Augur, and Chiliz were deleted from NWSL100, and they are new members of NWSM200. New mid-caps are WhiteCoin, Badger DAO, Golem… Other additions and deletions this week for the other indexes from the family are available in each index presentation.

Winner member

We gauged the WaykiChain (WICC) with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100) to make an appropriate peer comparison. On average (violet area chart), the relationship between WICC and NWSL100  has shown that it was more potent over the last two weeks.  WICC has reported almost the same gains as NWSL100 during the previous three months. However, let’s compare the WICC green area graph with the orange index area graph while observing the correlation graph. The correlation graph explains that the correlation is strong (Pearson’s correlation coefficient = 0.73). It was moving in the same direction as the NWSL100, so it has been a good representative of the NWSL100 index in terms of price changes.

*We elect the member of the NWSL100 crypto index with the most significant jump in our ranking. We will look at how the market rates the progress of the project in case of price changes. It seems important to us whether the project is out of the ordinary tide of crypto project prices. Considering an investor’s point of view, peer comparison should be efficient and effective. 

WICC WaykiChain (WICC)  Website: https://waykichain.com/

WICC Large-Cap Ethereum based Token is 88th in the 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWSCO100

2100NEWS DA Orderbook Quality Evaluation Grade:  Good, 15.9 (Average for Largecaps: 17.1)


Over the last week, the average market cap was 78.3 million $, and the average daily volume was 26.5 million $.

WaykiChain(WICC) is a finance-centric public blockchain that provides decentralized finance infrastructure through core-layer implementation of decentralized exchanges (DEX) and crypto-asset-backed stablecoin (WUSD) technologies. It adopts the dPoS+pBFT consensus algorithm with 3-second block submission and confirmation speed. It claims to have achieved an average TPS of 3300+, with a peak of 7800+. It also supports a dual-VM environment with LuaVM and WASM VM for smart contract execution.

*The chart below shows the WICC compared to NWSL100 at the top, the box in the middle of the chart shows the original WICC price, and at the bottom of the chart, we see NWSL100 and the correlation between  WICC and NWSL100.



About us

We are the new economy news hub. 2100NEWS is the professional index, data, and tools provider in the digital asset space, offering Crypto Market Intelligence, providing the perspective you can trust and equipping you with information edge you need to stay ahead. (Real-time data of token issuers and news, analysis and commentary from community.) We are very excited to contribute to the evolution of the industry and build an ecosystem around our offering (the institutional-grade data infrastructure required to enable institutional investments in digital assets). We want our contributions (Contents and Tools on 2100NEWS.com) to be useful for helping investors.


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