2100NEWS WEEKLY CRYPTO REPORT Jul-3



The NWST1100 index has plummeted 10.49% over the previous week. Toncoin (TON) Large-cap Ethereum-based 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 last week’s assumption. “A continuation of the rebound is likely.” The NWST1100 chart shows the index price experienced a decline. Volume-by-Price is an indicator that shows the amount of volume for a particular price range based on closing prices. Volume-by-Price bars are horizontal and displayed on the left side of the chart to correspond with these price ranges. Two colors bar separate the up volume and down volume. At the current price level, long up-volume portions (marked “Volume”) reflect more demand; the buyers purchased the dip. The chart shows momentum indicators: RSI, PPO histogram, PPO lines (at the top of the chart), and the breadth indicators at the bottom of the chart. RSI and PPO histogram changed direction; the others have continued rising.

The chart on the right shows The percentage of digital assets trading above a 50-day moving average breadth indicator: All four A50R lines are extremely oversold readings (belove 10). In various measures of market breadth on the chart can be seen more clearly that crypto markets were in a downtrend.

* 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

The waves are at least partially predictable due to their quasi-periodic nature. If we look ahead, the Momentum indicators give us the following signals: RSI is 31; RSI, PPO histogram may change direction in the coming days. Based on this setup, I think: a rebound to 25-Days EMA is likely (+15%); however, a continuation of the downtrend is possible.

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

The table shows that the total (NWST1100) index has plummeted by 10.49% over the last week. On the chart below, we can see Bitcoin, Ether, and the 2100NEWS DA Indexes, which measure the performance of Ethereum-based tokens (NWSET100), Large caps (NWSL100), and Coins (NWSCo100). Ethereum-based tokens (NWSET100) have been the best-performing during the previous thirty days (-25.56%).

 

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 eight months ago; however, it is 70% lower now. The Percentage Change Marks on the chart show that NWST1100 lagged behind  W1Dow by 39.4% over the last 12 months, while this year, NWST1100 was 59.5% lower. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price is 60.7% 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 60.7% loss today.  Global equity (W1Dow) spot price is 15.7% 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 7-1-2022

The Bi-weekly revision updates the amount of each asset publicly available and any additions and deletions from the indexes. TonCoin and TITAN improved their ranking; they were added to NWSL100 and deleted from NWSM200; Convex Finance and Terra (LUNA) were deleted from NWSL100. New mid-caps are Prometeus, ARPA, Marlin, etc. Additions and deletions for the other indexes from the family are available in each index presentation.

 

Winner member

We gauged the Toncoin (TON) Large-cap 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 TON has shown that TON was more potent over the last two months, and TON has beaten NWSL100  by 40% during the previous two months. First, let’s compare the TON green area graph with the index (orange area graph) while observing the correlation graph. The correlation graph explains the strong correlation (Pearson’s correlation coefficient = 0.94). 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 examine 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. 

TON

Toncoin (TON) Website: https://ton.org/

Toncoin (TON) Large-cap Ethereum-based Token is 86th in the 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade:  Poor, 8.2 (Average for Large caps: 17.2)


Over the last week, the average market cap was $703.9 million, and the average daily volume was $4.3 million.

TON blockchain-based ecosystem is a fast, secure, and scalable blockchain and network project, capable of handling millions of transactions per second if necessary, and both user-friendly and service provider-friendly. Apart from processing millions of transactions per second, TON blockchain-based ecosystem has all the chances to give rise to a genuine Web3.0 Internet with decentralized storage, anonymous network, DNS, instant payments, and various decentralized services. The founding team aims for it to be able to host all reasonable applications currently proposed and conceived. One might think of TON as a vastly distributed supercomputer, a vast “superserver” intended to host and provide various services. The TON Blockchain’s principal cryptocurrency, particularly its masterchain and basic workchain, is the TON Coin. It is used to make deposits required to become a validator; transaction fees, gas payments (i.e., smart-contract message processing fees), and persistent storage payments are usually collected in TON coins.

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


CONTACT US

CALL US ANYTIME



Latest posts



Newsletter


  • ethereumEthereum (ETH) $ 1,985.44 5.93%
  • litecoinLitecoin (LTC) $ 64.21 5.43%