2100NEWS WEEKLY CRYPTO REPORT Jan-3

weeklyRep1


The NWST1100 index soared 7.58% from the previous week. Movement (MOVE), a large-cap Ethereum-based Token, has biweekly made the most significant leap in rank within the NWSL100 crypto index.

*Below, we present a standardized weekly report and next week’s outlook, prepared based on the Theory Swingtum 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 complex to read initially, but the chart shows essential price information, crucial decisive price levels, momentum, trading volumes, and crypto market breadth. Monitoring Market Sentiment and Breadth is necessary to detect early signs of trend reversals or continued strength.

Our detailed analysis of the NWST1100 chart and related market indicators reveals essential insights into the current market conditions:

The analysis of the NWST1100 has seen a robust four-day rally, mirroring the broader optimism in cryptocurrency markets as the new year begins.

  1. Market sentiment: The Price Oscillator (PPO) lines and the histogram have risen, signaling an increase in upward momentum. The RSI (Relative Strength Index) has trended upward, reflecting increasing buying pressure and optimism.
  2. We are now focusing on the breadth indicators at the bottom of the NWST1100 chart. The Advance-Decline Line (ADVL), which measures the number of advancing versus declining assets, has risen, suggesting a growing ratio of growing assets to declining ones. Similarly, the falling McClellan Summation Index, a long-term version of the McClellan Oscillator that measures market breadth, has shifted upward, signaling broader market participation in the rally.

These indicators collectively reveal a broad rebound in the cryptocurrency market, driven by bullish momentum at the start of the year.

This is the first weekly report of 2024, and we briefly evaluate crypto markets in 2024, a period of optimism and advancement in the crypto industry. We wrap up 2024 with Bitcoin exceeding the psychological milestone of $100,000, BTC and ETH ETFs being approved, the Fourth Bitcoin Halving taking place, and the U.S. elected its first pro-crypto president. Here are the summarized insights:

  1. The average index price of the NWST1100 over the last twelve months stood at 5610 points, signifying the general price level at which the market traded most frequently.
  2. The volume profile, a sophisticated charting tool, indicates that most trading activities occurred between 4,550 and 5,800 points, identifying these as dominant and significant price levels.
  3. The cryptocurrency markets were exceedingly profitable for investors in 2024, showcasing the high returns of the market.
  4. The year was characterized by a phase of recovery and transformation within the industry, with significant developments that shaped the market’s trajectory.

According to the chart on the right, two A50R lines were oversold, with over 70% of cryptocurrencies below their 50-day moving averages. This breadth indicator measures the percentage of digital assets trading above a 50-day moving average. 

*This breadth indicator is essential in measuring the internal strength or weakness of the underlying index. Looking at the chart on the right side, we can see the A50R lines for four different categories of digital assets:

  1. The top box shows the A50R lines for 100 Large-cap members of NWSL100.
  2. The middle box displays the A50R lines for 1100 members of NWST1100, which is the Total Index measuring the performance of significant crypto assets based on market capitalization.
  3. The third box shows the A50R lines for 100 Ethereum Tokens members of NWSET100.
  4. The bottom box represents the A50R lines for 100 Coins members of NWSCo100., tako

Outlook for this week

This report aims to provide insights into the cryptocurrency market’s near-term outlook. While complete predictability remains challenging, the market waves show some degree of predictability with discernible patterns in market behavior. By examining momentum indicators, several signals emerge that offer insights into the potential direction of the market in the short term.

  1. The RSI (Relative Strength Index), with a current reading of 59, lies within the neutral zone and shows dominant buying pressure and a bullish sentiment in the market. However, such levels indicate limited downside potential, with the market nearing a turnaround point for correction.
  2. The PPO lines measure the market’s momentum and may shift direction later in the week. If this shift aligns with other indicators signaling a reversal, the market may experience a downward change, profit-taking could drive a temporary downward correction.
  3. The Breadth indicators at the bottom of the first chart (NWST1100), which reflect the participation of assets in the market movement, may suggest that the rise in involvement is slowing. This could indicate stabilization or early signs of a pause in the recent bullish momentum.

In conclusion, the market is poised for potential short-term volatility. The correction phase reflects cautious sentiment and selling pressure,

 

Investors and traders often rely on historical performance data to make informed decisions about their cryptocurrency holdings. After analyzing the data in the table, the overall index has soared 7.58% over the last week. The chart above highlights the performance of various cryptocurrencies, such as Bitcoin and Ether, and the 2100NEWS Indices, which represent the performance of Ethereum-based tokens (NWSET100), large caps (NWSL100), and Coins (NWSCo100).
Bitcoin has outperformed other segments, with a gain of 6.62% in the previous thirty days.

While the broader market has experienced a correction, different segments, and individual cryptocurrencies exhibit almost the same performance dynamics. Bitcoin, NWSCo100, NWS30, NWSBE were leading, NWSET100 was weakening, and Ether, NWSL100 NWSCo100 lagged. Investors and traders might use this information to adjust their portfolios, possibly shifting focus toward assets with stronger relative momentum while being cautious about those in the Weakening quadrant.

*RRG® charts show the relative strength and momentum of groups of digital assets. Those with strong relative strength and momentum appear in the green Leading quadrant. As relative momentum fades, they typically move into the yellow Weakening quadrant. If relative strength then fades, they move into the red Lagging quadrant. Finally, when momentum picks up again, they shift into the blue Improving quadrant.

Crypto (Digital Assets) compared with global equity

This report offers a comprehensive analysis comparing the performance of digital assets, as signified by the NWST1100 index, to shares on global capital markets, embodied by the Dow Jones Global W1Dow index. We draw insights into historical achievements and potential future trends by examining their performances over various timeframes.

Let’s break down the key observations and implications:

  • Historical Performance Comparison:
    • 38 Months Ago: Digital assets showcased a notable outperformance against shares in global capital markets, reaching a record high in the comparative quotient between the NWST1100 and W1Dow indexes. At this juncture, digital assets displayed a notably superior performance trajectory compared to shares on global capital markets.
    • Twelve months ago, the advantage for digital assets became even more pronounced, surpassing shares by a margin of 66.4%. This difference highlights the substantial returns that digital assets have offered over traditional shares within this timeframe.
  • Mean Reversion Opportunity:
    • Over the past 143 working days, the average quotient price, represented by a blue dashed curve, stands at 9.87, while the current spot price is 12.74. This is higher than the long-term mean of 7.09, which has increased since October.
    • The mean reversion theory suggests that asset prices, over time, tend to revert to their historical average returns. The current average quotient price above the long-run mean could imply that digital assets are currently highly valued compared to historical trends.
  • Returns Comparison:
    • The chart also presents the returns achieved with the stock generated by buying one point of the respective index daily over the past twelve months.
    • The NWST1100 Crypto Index enjoyed a 95.67% appreciation relative to last year’s period. With daily index investments, an investor’s stock would have seen a 43.6% uplift compared to the index’s current price. Digital assets purchased over the preceding 12 months at an average price of 5,646 points were purchased at relatively elevated levels, as they were bought during a period when markets were yielding returns of several tens of percent compared to the previous year, and prices remained above the 143-day moving average for an extended period. The strong rally in November has made these relatively expensive purchases profitable. However, for more substantial investment potential, acquisitions should ideally be made when the market is below the 143-day moving average, as it was this past summer and continued until two months ago.
    • Contrasting with the crypto index, the DJW, representing global capital market shares, grew by 17.70% over the past twelve months. However, a strategy involving daily purchases would have resulted in a gain of 5.7%.

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

Indices Revision 1-3-2025

Based on the latest biweekly revision, Pudgy Penguins and Movement have improved their ranking and were added to the NWSL100 index. On the other hand, Helium, EigenLayer, and Pendle were removed from the NWSL100 index. Several new mid-cap assets, including Fartcoin, Vana, ZEREBRO, etc., have been added to the NWSM200 index. More information about the additions and deletions for other indices in the family is available in each index’s presentation.

 

Winning member

Congratulations to Movement (MOVE) on achieving a significant milestone: being recognized as the winning member of the NWSL100 crypto index, which represents the most crucial leap in rank within the index.

*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. 

 

MOVE

Movement (MOVE) Website://www.movementnetwork.xyz/

MOVE Large-cap Ethereum-based Token is 80th in the 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWSTo100, and NEWSET100

2100NEWS DA Orderbook Quality Evaluation Grade:  Poor, 12.8 (Average for Large-caps: 18)

 

Over the last week, the average market cap was $2,137.4 million, and the average daily volume was $331.08 million.

Movement Network is a pioneering ecosystem of Modular Move-Based Blockchains designed to enable the development of secure, high-performance, and interoperable blockchain applications. By bridging the gap between the Move programming language and the Ethereum Virtual Machine (EVM) ecosystems, Movement Network introduces the first Move-EVM Layer 2 (L2) for Ethereum. This innovative platform allows developers to launch Move VM rollups efficiently, enhancing scalability and interoperability across blockchain networks. Supported by leading investors such as Polychain Capital, Binance Labs, Hack VC, Placeholder, and Archetype, Movement Network provides open-source tooling and protocols to facilitate the adoption of the Move language in Web3. By advancing Move-based technologies and promoting seamless integration with EVM chains, Movement Labs is set to revolutionize blockchain interoperability and empower developers to build the next generation of decentralized applications (dApps).


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) $ 2,677.38 2.8%
    • litecoinLitecoin (LTC) $ 123.61 2.92%