2100NEWS WEEKLY CRYPTO REPORT Aug-14



The NWST1100 index has surged by 6.62% over the previous week. Celsius (CEL) 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 consolidation was likely.” The NWST1100 chart shows the index price has risen in a narrow range between the Upper Keltner line and the 10-Days EMA and touched pivot R1. The chart shows momentum indicators: RSI, PPO histogram, PPO lines (at the top), and the breadth indicators at the bottom.  PPO histogram has flattened, and the others have risen.

The chart on the right shows The percentage of digital assets trading above a 50-day moving average breadth indicator: Three A50R lines are overbought, and the indicator A50R of the NWST1100 index has moved near the overbought zone. This setup tells us that the crypto markets could continue rising for a while.

* 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 67; RSI, PPO lines, PPO histogram, and the breadth indicators at the bottom of the chart may change direction in the coming days. Based on this setup, I think: Likely is a consolidation in a range between 25-day EMA and pivot R1.

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

The table shows that the total (NWST1100) index has surged by 6.62% 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 (+59.75%).

 

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 nine months ago; however, it is 63% lower now. The Percentage Change Marks on the chart show that NWST1100 lagged behind  W1Dow by 41.8% over the last 12 months, while this year, NWST1100 was 49.2% lower. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price is 44% 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 44% loss today; however, more important for the future is that this level is a bargain.  Global equity (W1Dow) spot price is 5.7% 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 8-12-2022

The Bi-weekly revision updates the amount of each asset publicly available and any additions and deletions from the indexes. Celsius and Oasis Network improved their ranking; they were added to NWSL100 and deleted from NWSM200; Moonbeam and JUST were deleted from NWSL100. New mid-caps are Alchemix, Elipsis, Hifi Finance, etc. Additions and deletions for the other indexes from the family are available in each index presentation.

 

Winner member

We gauged the Celsius (CEL) 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 CEL has shown that CEL was more potent over the last two months, and CEL has beaten NWSL100  by 361% during the previous three months. First, let’s compare the CEL green area graph with the index (orange area graph) while observing the correlation graph. The correlation graph explains the weak correlation (Pearson’s correlation coefficient = 0.37). 90% of the time, it was moving in the same direction as the NWSL100. So, it has been an ordinary 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. 

 

CEL

Celsius (CEL) Website: https://celsius.network/

Celsius (CEL) Large-cap Ethereum-based Token is 81sh in the 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100

On Jul-14, Celsius filed voluntary petitions for Chapter 11 protection and announced that the company had initiated a financial restructuring.

2100NEWS DA Orderbook Quality Evaluation Grade:  Poor, 11.5 (Average for Large caps: 17.2)


Over the last week, the average market cap was $898.5 million, and the average daily volume was $40.0 million.

Celsius Network is a democratized interest income and lending platform accessible via a mobile app. Built on the belief that financial services should only do what is in the community’s best interests, Celsius is a modern platform where membership provides access to curated financial services unavailable through traditional financial institutions. Crypto holders can earn interest by transferring their coins to their Celsius Wallet and borrowing USD against their crypto collateral at interest rates as low as 4.95% APR.

*The chart below shows the CEL 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  CEL 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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