2100NEWS WEEKLY CRYPTO REPORT Jul-17

The NWST1100 index fell 1.88% over the previous week. Quant (QNT) 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 NWST1100 chart shows the index price has rebounded and booked out the upper trendline. At the current price level, the Volume-by-Price indicator shows that 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), and the breadth indicators at the bottom of the chart have risen.

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 oversold, but we can see that the indicator A50R of the NWST1100 index has moved to the sideways zone. This move is a sign that the crypto markets formed a bottom.

* 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 54; RSI, PPO lines, PPO histogram, and the breadth indicators at the bottom of the chart may continue rising in the coming days. Based on this setup, I think: a continuation of the rebound and break out is likely; the target could be pivot R1 (+20%).

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

The table shows that the total (NWST1100) index fell by 1.88% 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). Ether has been the best-performing during the previous thirty days (+38.38%).

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 68% lower now. The Percentage Change Marks on the chart show that NWST1100 lagged behind  W1Dow by 28.2% over the last 12 months, while this year, NWST1100 was 55.6% lower. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price is 57.3% 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 57.3% loss today; however, this level is an opportunity to buy a dip.  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 7-15-2022

The Bi-weekly revision updates the amount of each asset publicly available and any additions and deletions from the indexes. New mid-caps are Wrapped Everscale, Burger Swap, Gensokishi Metaverse, etc. Additions and deletions for the other indexes from the family are available in each index presentation.

Winner member

We gauged the Quant (QNT) 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 QNT has shown that QNT was more potent over the last two months, and QNT has beaten NWSL100  by 128% during the previous two months. First, let’s compare the QNT 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 = 0.78). 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. 

Quant (QNT) Website: https://quant.network/

Quant (QNT) Large-cap Ethereum-based Token is 57th 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 $1,075.2 million, and the average daily volume was $63.8 million.

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