2100NEWS WEEKLY CRYPTO REPORT Apr-10



The NWST1100 index has plummeted by 9.03% over the previous week; the Rally failed. Zilliqa (ZIL) token is a member of the NWSL100 crypto index, making the most significant jump in our ranking over the last two weeks.

*Below, we present a standardized weekly report and next week’s outlook, prepared based on Swingtum Theory of intelligent finance. We gauge the crypto market’s breadth and direction by showing charts 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 (by market capitalization) significant crypto assets’ performance. 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 the last week had been: “the markets might resume an uptrend, and a move near the pivot R1 was likely (+6%)”. The NWST1100 chart shows that the index had rallied to Pivot R1, but the Rally failed, and the index has fallen. The Momentum indicators at the top show: RSI, PPO lines, and the breadth indicators at the bottom of the chart. These indicators changed direction.

The chart on the right shows The percentage of digital assets trading above a 50-days moving average breadth indicator: All four A50R lines left overbought readings (above 70). In various measures of market breadth on the chart can be seen more clearly that crypto markets trended sideways.

* 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

If we look ahead, the Momentum indicators give us the following signals: RSI is 48; RSI, PPO histogram, PPO lines, the Breadth indicators at the bottom of the chart may change direction by the end of the week.  My opinion is based on this setup: the downtrend may continue, and a move to support S1 is likely; then, a rebound is possible.

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

We can see in the table that the total index (NWST1100) has plummeted by 9.03% during the previous week. The chart below shows Bitcoin, Ether, and the 2100NEWS DA Indexes, which measure the performance of Ethereum based tokens (NWSET100), Large caps (NWSL100),  Coins (NWSCo100). Ether (+17.82%) has been the best-performing during the previous thirty days.

 

 

 

 

Crypto (Digital Assets) compared with global equity

The chart compares the performance of the average Digital Asset (Coins, Tokens) represented by our NWST1100  index with the average global share represented by the Dow Jones global W1Dow index. Their quotient hit a record high five months ago; however, it is 35.8% lower now. The Percentage Change Marks on the chart show that NWST1100 beat W1Dow by 13.3% over the last 12 months, while this year, NWST1100 was 11.5% lower. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price is 10.2% lower than twelve months index’s average price. That means: If we bought one NWST1100 every day over the last twelve months, our investment is recording a 10.2% loss today.  Global equity (W1Dow) spot price is 3.1% lower than twelve months index’s average price.

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

Indexes Revision 4-8-2022

The Bi-weekly revision updates the amount of each asset publicly available and any additions and deletions from the indexes. APEcoin, STEPN, and Skale Network improved their ranking; they were added to NWSL100 and deleted from NWSM200. Ontology, Voyager Token, and  Celsius were deleted from NWSL100. New mid-caps are Decentralized Social, Balancer, Multichain … Additions and deletions for the other indexes from the family are available in each index presentation.

 

Winner member

We gauged the Zilliqa (ZIL) Ethereum based token with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100) to make an appropriate peer comparison. On average (violet area chart), the relationship between NWSL100  and ZIL has shown that ZIL was more potent over the last two months, and ZIL has beaten NWSL100  by 164% during the previous two months. First, let’s compare the ZIL green area graph with the index (orange area graph) while observing the correlation graph. The correlation graph explains that the correlation is strong (Pearson’s correlation coefficient = 0.81. It was moving in the same direction as the NWSL100. So, it has been a good representative of the NWSL100 index regarding 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 project’s progress in case of price changes. It seems important to us whether the project is out of the ordinary tide of crypto project prices. Peer comparison should be efficient and effective, considering an investor’s point of view. 

 

ZIL

Zilliqa (ZIL) Website: https://www.zilliqa.com/

 

Zilliqa (ZIL) Large-cap Ethereum based token is 46th in the 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100

2100NEWS DA Orderbook Quality Evaluation Grade:  Ordinary, 19.3 (Average for Large caps: 17)


Over the last week, the average market cap was 1,820.8 million $, and the average daily volume was 1,484.0 million $.

Zilliqa is a high-throughput public blockchain platform designed to scale to thousands of transactions per second. It is built to deliver performance, scalability, and security. Zilliqa aims to drive the blockchain industry forward by developing the highest quality technology infrastructure to create measurable and real-world impact. We have sought to establish partnerships across industry verticals that have emerged as clear beneficiaries of innovative, decentralized technologies, with participation across digital advertising, financial services, payments, gaming, and digital entertainment. With our platform, we hope users and businesses can leverage the full potential of decentralized technology.

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



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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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