Last week, NWST1100 soared 14.63%; non-Ethereum Tokens continued to be the best performing digital assets this year. Chiliz (CHZ) is a member of the NWSL100 crypto index that made the most significant jump in our ranking over the last two weeks.
*Below, we present a standardized weekly report and next week’s outlook. 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 consolidation and move upward in a more significant sideways trend was more likely; index price could test the resistance R1 (+10%). Crypto markets would be volatile, with up to 10 percent falls. The NWST1100 chart shows that the assumption proved to be correct. At the top, we see momentum indicators: PPO and PPO histogram changed direction. The Breadth indicators at the bottom of the chart have flattened out.
The chart on the right shows: All four A50R lines were overbought. The Total market A50R breadth indicator changed direction.
* 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:
- 100 Large-caps members of NWSL100 (top box)
- 1100 members of NWST1100
- 100 Ethereum Tokens members of NWSET100
- 100 Coins members of NWSCo100 (bottom box)
Outlook for this week
Looking ahead, the Momentum indicators give us the following signals: the RSI is 54; PPO histogram bars and PPO lines may continued direction (down) in the coming days. The Breadth indicators at the bottom of the chart may continue falling. My opinion is based on this constellation: a move downward in a more significant sideways trend is more likely, index price may test 10-Days EMA or even 25-Days EMA (13 percent fall).
Performance of different groups of Digital Assets (Coins and Tokens)
The table shows that the total (NWST1100) index rose 14.63% during the last week and that non-Ethereum Tokens continued to be the best performing digital assets this year.
Crypto (Digital Assets) compared with global equity
Crypto investments are still a superior 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. The Percentage Change Marks on the chart show that this year NWST1100 outperformed W1Dow by 126.2%, while over the last 12 months, NWST1100 was 658% 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 229% 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 229% 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 3-12-2021
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: Chiliz, Flow, and Bancor have improved their rankings; they were added to NWSL100, they were deleted from NWSM200. Bitcoin St.HAshrate, Gala, and Hathor were deleted from NWSL100. New mid-caps are Mask Network, Chromia, TrueFi… Other additions and deletions this week for the other indexes from the family are available in each index presentation.
We gauged the Chiliz (CHZ) with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100) to make an appropriate peer comparison. On average (violet area chart), the relationship between CHZ and NWSL100 has shown that it was more potent over the last two weeks. NWSL100 has outperformed CHZ by 545% during the previous three months. However, let’s compare the CHZ green area graph with the orange index area graph while observing the correlation graph. The correlation graph explains that the correlation is semi-strong (Pearson’s correlation coefficient = 0.59). However, 80% of the time, 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.
Chiliz (CHZ) Website: https://www.chiliz.com/
CHZ Large-Cap Ethereum based Token is 80th in the 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWSTO100, NWSET100, NWSDM100
2100NEWS DA Orderbook Quality Evaluation Grade: Poor, 12.6 (Average for Tokens: 15.9)
Over the last week, the average market cap was 2,456.6 million $, and the average daily volume was 1,395.4 million $.
Chiliz is a digital currency that fuels sports and entertainment platforms and is also the official, exclusive cryptocurrency that fuels the Socios.com fan voting platform. Socios.com allows sports and esports fans to crowd-manage their favorite teams, games, leagues, and events.
*The chart below shows the CHZ compared to NWSL100 at the top, the box in the middle of the chart shows the original CHZ price, and at the bottom of the chart, we see NWSL100 and the correlation between CHZ and NWSL100.