Branko, Author at 2100NEWS

BrankoNovember 28, 2023

The index for NWST1100 has risen by 3.05% over the last week; Coins represented by the NWSCo100 index have shown the most favorable performance within the previous 30 days, with a gain of over 24%.

*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 graph shows essential price information, crucial decisive price levels, momentum, trading volumes, and crypto market breadth.

Continuing our track record of precise projections, the cryptocurrency market has maintained its position above the pivotal support thresholds, aligning with prior anticipations. Our scrutiny of the NWST1100 index chart, which serves as a significant benchmark index, reveals a multitude of noteworthy insights:

The NWST1100 index’s trajectory shows a consolidation phase. This phase often indicates a market taking a breather, accumulating energy before its next significant move.
Market Sentiment: The PPO lines have declined. The PPO histogram, trailing below the neutral line, has pivoted and now shows an ascending slope. Such a development is frequently viewed as an early sign of a potential trend reversal, suggesting a warming market sentiment. Adding to the optimistic signs, the Relative Strength Index (RSI) has diverted to an upward trajectory, signaling enhanced market vigor.
Crypto Market Breadth indicators at the bottom of the chart reflect an uptick in the Advance-Decline Line (ADVL), signifying more cryptocurrencies are advancing than declining. The McClellan Summation Index has leveled off, suggesting a balancing of market forces.

Consider these various technical indicators, which collectively paint a market picture at a potential inflection point. While the observed consolidation hints at a period of stability, the gradual shift in sentiment and breadth indicators could pave the way for a forthcoming positive trend reversal.

According to the chart on the right, all four A50R lines have settled in the overbought territory but spiked down on Tuesday. This breadth indicator measures the percentage of digital assets trading above a 50-day moving average. The current condition suggests that a substantial portion (over 85%) of the cryptocurrency market trades above its 50-day EMA (at relatively high levels compared to their short-term moving averages). While traditionally, the overbought designation might spell caution, in this context, it may well be an expression of the market’s enduring strength and potential for continued upward movement.

* 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:

100 Large-caps members of NWSL100 (top box)
1100 members of NWST1100
100 Ethereum Tokens members of NWSET100
100 Coins members of NWSCo100 (bottom box)

Outlook for this week

This report analyzes the cryptocurrency market’s short-term outlook and aims to provide insights into its potential direction. Although predicting the market’s behavior is challenging, discernible patterns in market waves offer some predictability. By examining momentum indicators, we can identify several signals that shed light on the market’s possible direction in the short term.

The market’s present course resonates with the same patterns discerned in the early months of the year, encapsulated by the ellipses on the accompanying chart.
A closer look at the RSI shows it retracting from the overbought threshold, now positioned at a reading of 65—an indication of easing momentum yet still reflecting a strong market.
The Percentage Price Oscillator (PPO) histogram, which measures the percentage difference between two moving averages, may soon show a shift from a descending to an ascending trajectory, which could signal the beginning of an increase in momentum.
Looking at the breadth indicators at the bottom of the NWST1100 chart. The McClellan Summation Index (as shown in the chart below) – a derivative of the McClellan Oscillator – may remain flat, underlines the possibility of range trending.

Considering the consolidation signals from the technical indicators, a cautious perspective suggests that the market may stay in a consolidation phase within a specific range. However, it’s important to note that the market’s stability will likely remain above a critical support level, a 25-day EMA. This foundational support could serve as a launchpad for an upswing, mirroring the resilience seen during the vigorous December season, which is frequently graced with a year-end Christmas rally.

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

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 NWST1100 has risen by 3.05% over the last week, indicating a modest rebound in the broader cryptocurrency market. The chart below highlights the performance of various cryptocurrencies, such as Bitcoin, Ether, and the 2100NEWS Indices, which represent the performance of Ethereum-based tokens (NWSET100), Large caps (NWSL100), and Coins (NWSCo100). A retrospective view over the last thirty days indicates that Coins represented by the NWSCo100 index have shown the most promising performance, with a gain of over 24%.

While the broader market is experiencing consolidation, different segments and individual cryptocurrencies exhibit varied performance dynamics. Certain indices like NWSC100, NWSET100, and NWSL100 are currently weakening momentum. In contrast, Bitcoin, NWSBE, and NWWS30 are improving, increasing momentum. 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 you the relative strength and momentum of groups of digital assets. That with strong relative strength and momentum appears 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, as represented by the Dow Jones Global W1Dow index. The comparison spans various timeframes, offering insights into historical and recent performances and potential future trends.

Let’s break down the key observations and implications:

Historical Performance Comparison:
- 24 Months Ago: Digital assets, represented by the NWST1100 index, were outperforming shares on capital markets, represented by the W1Dow index, with a record high quotient between the two indexes. At this juncture, digital assets displayed a notably superior performance trajectory compared to shares on global capital markets.
- 12 Months Ago: Fast-forwarding to a year back, digital assets had a clear edge, outperforming shares by 54.5%. This performance data accentuates the heightened returns digital assets offered over shares in the specified duration.
Recent Shift in Performance:
- An analysis of the present year reveals a stark enhancement in the performance of digital assets. They have surpassed shares on global capital markets by a significant 63.5% margin. This performance data accentuates the heightened returns digital assets offered over shares in the specified duration.
Mean Reversion Opportunity:
- The average quotient price over the past 143 working days is plotted as a blue dashed curve (5.59). Currently, this average sits below its long-run mean, hovering around 7.47. Such a deviation underscores a potential opportunity to invest in digital assets, leveraging the mean reversion theory.
- The mean reversion theory suggests that asset prices, over time, tend to revert to their historical average returns. The fact that the current average quotient price is below the long-run mean could imply that digital assets are currently undervalued 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 73.38% appreciation relative to last year’s period. With daily index investments, an investor’s stock would have seen a 30.1% uplift compared to the index’s current price.
- Contrasting with the crypto index, the DJW, representing global capital market shares, grew by 10.43% over the past year. However, a strategy involving daily purchases would have resulted in a gain of 5.5%.
- Expectations are rife as we stand the confirmed bullish trend between digital assets and global capital market shares. Digital assets purchased over the preceding year at an average price of 2663 points seem poised to offer magnified returns compared to shares as we traverse this bullish phase.

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

BrankoNovember 28, 2023

Tokens and coins that moved the most in the last 24 hours:

Top movers of the day are Star Atlas and Measurable Data Token which has increased by 9.09% since 7 pm. Star Atlas is 6.25% higher.

The crypto markets finished the day higher as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. The large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) ended +2.00%. Moreover, the mid caps measured by 2100NEWS 200 Mid Cap Index (NWSM200) ended +2.51%. Bitcoin ended +2.16%, Ether ended +1.42.

The criteria upon which these specific cryptocurrencies and indices have been highlighted are detailed in supplemental notes. The provided data offers a snapshot of the last 24 hours until midnight. Therefore, it may not accurately represent the current market conditions at the time of your inquiry.

Measurable Data Token (MDT)

2100NEWS ranking: 421, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 13.7 (Average for Small caps: 10)

Measurable Data Token is a crypto token for a decentralized data exchange ecosystem. MDT connects data providers, users, and buyers and denominates the data’s value when exchanged. MDT enables a more efficient, transparent, and honest market for data trading.

7:10 p.m. update: Top movers of the day are Syscoin and Sei which has surged 19.09% since 2 pm. Syscoin has increased by 5.37%.

In the afternoon the crypto markets went up significantly. Since 2 pm 2100NEWS Indices have increased up to 2.75%. 2100NEWS Total Index (NWST1100) is 2.48% higher. Bitcoin has increased by 2.65%, Ether by 2.41%.

Sei (SEI)

2100NEWS ranking: 149, Mid-cap , Index member: NWST1100, NWSM200, NWSCo100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 11.6 (Average for Coins: 15.1)

Sei is a general purpose, open-source Layer 1 blockchain specialized for the exchange of digital assets. Leveraging a novel consensus and technical breakthroughs, Sei is the fastest blockchain in the industry. Sei addresses the exchange scalability problem by building the first Layer 1 specialized for trading, optimizing every layer of the stack to offer the best infrastructure for the exchange of digital assets.

Top Movers of the Day (at 2 p.m. update):

Syscoin and Pocket Network: These two cryptocurrencies have posted significant gains over the last 24 hours.
Galxe has risen by 14.78% since the morning update, making it one of the day’s top performers.

Overview: The crypto market continues to exhibit its hallmark volatility, with price patterns showing the usual ebb and flow with the lack of a clear directional trend. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has trended sideways in the last 24 hours. 2100NEWS Indices: The collection of indices from 2100NEWS, which covers various segments of the crypto market, has seen gains ranging between 0.06% and 2.01% since midnight. These marginal increases point to a cautious optimism creeping into various market segments. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap; it has slightly increased by 0.19% in the last 24 hours. Bitcoin and Ether have shown divergent paths; Bitcoin’s price increased by 0.48%, while Ether saw a slight contraction of 0.4% over the same time.

Galxe (GAL)

2100NEWS ranking: 175, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSET100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 14.8 (Average for Ethereum-based Tokens: 16)

Galxe is the leading platform for building the Web3 community. With over 10 million unique users to date, Galxe has propelled the growth of Optimism, Polygon, Arbitrum, and more than 2100 partners with reward-based loyalty programs.

Top Movers of the Day (at 9 a.m. update):

Syscoin and Cortex: These two cryptocurrencies have posted significant gains over the last 24 hours.
SuperVerse experienced a 21.12% surge since midnight, making it one of the day’s top performers.

Overview: The crypto market has faced a downturn. A steep decline was followed by a recovery, leading to a fluctuating price pattern characterized by multiple peaks and troughs – a classic sign of volatility.

NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index fell in the last 24 hours
2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap; it fell by 1.09% in the last 24 hours.
Bitcoin and Ether: Bitcoin’s price decreased by 0.46%, and Ether’s fell by 1.52%, indicating that the bearish sentiment affects all market levels, including the most prominent cryptocurrencies.

SuperVerse (SUPER)

2100NEWS ranking: 326, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 13.6 (Average for Small caps: 10)

The SuperVerse is building and delivering Web3 products that empower crypto natives with next-generation NFT functionality and onboard Web2 users through immersive blockchain gaming experiences. The SuperVerse comprises two core verticals: NFT marketplace technology and video games. This wide array of Web3 tools and features is supported and governed by a single protocol and token: $SUPER ERC20 (formerly SuperFarm). The SuperVerse harbors two central products: GigaMart, a next-gen NFT marketplace with advanced analytics tools and unique social features, and Impostors, a social-gaming metaverse.”

Syscoin (SYS)

2100NEWS ranking: 261, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 13.2 (Average for Coins: 15.1)

As well as a cryptocurrency, Syscoin is meant to be a global network, a distributed ledger, a decentralized database, and a blockchain. Aiming to help developers create and implement decentralized applications and enable the development of custom decentralized marketplaces, Syscoin aims to cut out the middlemen of online retail.

Cortex (CTXC)

2100NEWS ranking: 402, Small cap, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 12.8 (Average for Small caps: 10.0)

In Cortex, due to the nature of the open-source and competitive mechanisms, the best model as an intelligent agent will survive to enhance the intelligence level of the Blockchain network. Cortex’s primary mission is to provide state-of-the-art machine-learning models on the blockchain in which users can infer using smart contracts on the Cortex blockchain. One of Cortex’s goals also includes implementing a machine-learning platform that allows users to post tasks on the platform and submit AI DApps (Artificial Intelligence Decentralized Applications).

TerraClassicUSD (USTC)

2100NEWS ranking: 8282 Ethereum-based Token, Index member: –

2100NEWS DA Orderbook Quality Evaluation Score: 13

Terra is an open-source blockchain hosting a vibrant ecosystem of decentralized applications (dApps) and top-tier developer tools. Using proof-of-stake consensus and ground-breaking technologies like Mantlemint, Terrain, and Terra Station, the Terra blockchain is one of the fastest chains in existence, giving users an unparalleled DeFi experience. As a permissionless, borderless economy, Terra enables next-generation financial products to be accessible to anyone with an Internet connection.

BrankoNovember 27, 2023

A comprehensive empirical analysis of the cryptocurrency ecosystem is presented, utilizing extensive data from the 2100News database over six years. The study focuses on understanding the crypto market’s intricate dynamics and investment characteristics, contrasting them with traditional financial markets. Key components of the survey include:

Bitcoin’s Role: Examining Bitcoin as a primary non-sovereign monetary asset in the crypto ecosystem, highlighting its unique value due to scarcity and decentralization.
Altcoins and Infrastructure: Analysis of alternative cryptocurrencies (Altcoins) and their varying use cases, as well as the role of infrastructure projects in the crypto landscape.
Stablecoins and Interoperability: Understanding the significance of stablecoins as bridges between crypto and fiat currencies and the importance of interoperability among different blockchain systems.
Market Structure and Dynamics: Dissecting the crypto market into various segments based on currency type, infrastructure, applications, and market capitalization. This includes a detailed examination of market movements and the probability of success for new tokens.
Comparative Analysis with Capital Markets: Offering a statistical comparison of the crypto market with traditional capital markets, highlighting market capitalization, volatility, and investment characteristics.
Crypto Asset Trading and Investment: Insights into the dynamics of crypto asset trading on centralized and decentralized exchanges and strategies for investing in crypto assets.
Portfolio Management in Crypto: Discussing the challenges and strategies in managing a crypto asset portfolio, contrasting amateur and professional management approaches, and exploring the concept of social portfolio management.
Combining Crypto with Traditional Investment: Presenting strategies for integrating crypto investments with traditional stock and cash holdings to optimize portfolio performance.
Market Breadth Indicators and Bitcoin Halving: Analyzing market breadth indicators for trend prediction and discussing the implications of the upcoming Bitcoin halving on the market.

The paper aims to demystify the crypto ecosystem, providing investors and enthusiasts with a grounded understanding of its complexities and the potential for informed investment strategies.

NavigatingWaves_1.04_231127

BrankoNovember 27, 2023

1127137065497873.hADlpG09As2HTHOTPllh_height640.png

Tokens and coins that moved the most in the last 24 hours:

Top movers of the day are Syscoin and AIOZ Network. Since 7 pm Syscoin has surged 24.20%, AIOZ Network has increased by 4.24%.

The crypto markets finished the day lower as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended between -1.86% and -4.12%. 2100NEWS Total Index (NWST1100) ended -2.41%. Bitcoin ended -1.53%, Ether ended -2.71%.

Syscoin (SYS)

2100NEWS ranking: 261, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 13.2 (Average for Coins: 15.1)

7:10 p.m. update: Top movers of the day are Cortex and Flux. Since 2 pm Cortex has surged 26.93%, Flux is 17.39% higher.

The crypto markets were still down. Since 2 pm the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have fallen by 0.65%. 2100NEWS Total Index (NWST1100) is 0.42% lower. Bitcoin has decreased by 0.25%, Ether by 0.54%.

Cortex (CTXC)

2100NEWS ranking: 402, Small cap, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 12.8 (Average for Small caps: 10.0)

In Cortex, due to the nature of the open-source and competitive mechanisms, the best model as an intelligent agent will survive to enhance the intelligence level of the Blockchain network. Cortex’s main mission is to provide state-of-the-art machine-learning models on the blockchain in which users can infer using smart contracts on the Cortex blockchain. One of Cortex’s goals also includes implementing a machine-learning platform that allows users to post tasks on the platform and submit AI DApps (Artificial Intelligence Decentralized Applications).

Top Movers of the Day (at 2 p.m. update):

TerraClassicUSD and Terra Classic: These two cryptocurrencies have posted significant gains over the last 24 hours.
Ontology Gas experienced a remarkable 24.69% surge since the morning update.

Overview: Despite the gains made by these cryptocurrencies, the crypto market has continued its bearish trend, with many assets losing value in the last 24 hours. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has been trending downwards amidst volatility, evidenced by the jagged price movements. 2100NEWS Indices: The collection of indices from 2100NEWS, which covers various segments of the crypto market, has seen declines ranging between -1.93% and -3.33% since midnight. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap; it has dropped by 2.43% in the last 24 hours. Bitcoin and Ether: Bitcoin and Ether have continued their downward trajectory. Bitcoin has decreased by 1.47% and Ether by 2.91% over the same timeframe.

Ontology Gas (ONG)

2100NEWS ranking: 278, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSOT50

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 13.8 (Average for Non-Ethereum-based Tokens: 13.9)

Ontology is a high-performance, open-source blockchain specializing in digital identity and data. Ontology’s infrastructure supports robust cross-chain collaboration and Layer 2 scalability, offering businesses the flexibility to design a blockchain that suits their needs. With a suite of decentralized identity and data sharing protocols to enhance speed, security, and trust, Ontology’s features include ONT ID, a mobile digital ID application and DID used throughout the ecosystem, and DDXF, a decentralized data exchange and collaboration framework.

Top Movers of the Day (at 9 a.m. update):

TerraClassicUSD and Terra Classic: These two cryptocurrencies have posted significant gains over the last 24 hours. Specifically, TerraClasicUSD experienced a remarkable 69.68% surge since midnight, making it one of the day’s top performers.

Overview: The crypto market has shown a downward trend in the last 24 hours.

NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index showed a downward trend with some volatility, as indicated by the jagged movements.
2100NEWS Indices: The collection of indices from 2100NEWS, which observes different crypto sectors, recorded losses from -1.09% to -3.00% since midnight.
2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap; it has dropped by 1.99% in the last 24 hours.
Bitcoin and Ether: Bitcoin and Ether have also seen downward movements. Bitcoin’s price fell by 1.34% and Ether’s by 2.15%, indicating that the bearish sentiment affects all market levels, including the most prominent cryptocurrencies.

TerraClassicUSD (USTC)

2100NEWS ranking: 8282 Ethereum-based Token, Index member: –

2100NEWS DA Orderbook Quality Evaluation Score: 13

BrankoNovember 24, 2023

Tokens and coins that moved the most in the last 24 hours:

Top movers of the day are ATOR Protocol and LooksRare. Since 7 pm ATOR Protocol has increased by 8.22% while LooksRare has stayed almost the same.

The crypto markets finished the day in green as illustrated by an adjacent chart showing the movement of the NWSBCT Index (Blue Chips) over the past 24 hours. 2100NEWS Indices ended between +0.63% and +2.99%. 2100NEWS Total Index (NWST1100) ended +1.05%. Bitcoin ended +1.16%, Ether ended +0.47%.

ATOR Protocol (ATOR)

2100NEWS ranking: 403, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Score: Extremely Weak, Score: 3.7 (Average for Small caps: 10)

ATOR empowers decentralized internet relay operators through on-chain recognition rewards, and facilitates wider provision of open and anonymous protocols through our hardware.

7:10 p.m. update: Top movers of the day are LooksRare and EthereumPoW which has surged 24.06% since 2 pm. LooksRare is 19.54% higher. Measurable Data Token has increased by 6.51%.

The crypto markets trended sideways. In the last 24 hours the large caps represented by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 1.52%. Moreover, 2100NEWS 200 Mid Cap Index (NWSM200) which measures the performance of thew mid caps is 3.73% higher. Ether has increased by 2.20%, Bitcoin only by 1.80%.

EthereumPoW (ETHW)

2100NEWS ranking: 164, Mid-cap , Index member: NWST1100, NWSM200, NWSCo100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Score: Ordinary, Score: 14.8 (Average for Coins: 15.1)

EthereumPoW is a hard fork of the Ethereum blockchain with the Ethereum Merge. The Merge saw Ethereum transition to proof-of-stake while the forked version remains on proof-of-work. EthereumPoW is supported by people worldwide who prefer PoW to PoS or who simply want to keep both options (PoW and PoS) for builders and users on Ethereum. EthereumPoW has cloned the state of Ethereum at the block height of the Merge. That allows DApp developers and stablecoin issuers to choose which Ethereum chain they support — or copy the app states too, which would double the DApps and liquidity on Ethereum to EthereumPoW.

Top Movers of the Day (at 2 p.m. update):

Looks and Lisk: They have demonstrated significant growth over the last 24 hours, with Lisk, in particular, seeing a notable increase of 15.72% since the morning update, marking it as one of the standout performers.

Overview: The crypto market has risen, with positive sentiment leading to broad gains across various indices and significant cryptocurrencies in the last 24 hours. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT has also experienced a rise since 5 p.m. the previous day. 2100NEWS Indices: The collection of indices from 2100NEWS, which observes different crypto sectors, recorded gains from 0.88% to 2.29% since midnight. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap; it has risen by 1.58% in the last 24 hours. Such a rise reflects a broader market uplift, indicating increased investor confidence. Bitcoin and Ether have made upward movements, with Ether experiencing a surge of 2.18%, surpassing Bitcoin’s rise of 1.14% during the same time frame.

Lisk (LSK)

2100NEWS ranking: 176, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100

2100NEWS DA Orderbook Quality Evaluation Score: Poor, Score: 13.5 (Average for Coins: 15.1)

Established in May 2016, Lisk is an open-source project focused on blockchain accessibility. Lisk’s ecosystem allows everyone to benefit from blockchain technology through developer tools, cryptocurrency wallets, and a vibrant community.

Top Movers of the Day (at 9 a.m. update):

Looks and Blur: These two cryptocurrencies have posted significant gains over the last 24 hours. Specifically, Blur experienced a remarkable 18.31% rise since midnight, making it one of the day’s top performers.

Overview: Despite past volatility, the crypto market has been stable, with a slight positive trend in the last 24 hours.

NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT has trended sideways.
2100NEWS Indices: The collection of indices from 2100NEWS, which observes different crypto sectors, recorded gains from 0.67% to 1.66% since midnight.
2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap; it has risen by 0.68% in the last 24 hours.
Bitcoin and Ether have experienced upward movements. With a 0.70% increase, Bitcoin has slightly outpaced Ether, which has increased by 0.47% over the same period.

Blur (BLUR)

2100NEWS ranking: 118, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 11.9 (Average for Tokens: 16.1)

Blur is a unique non-fungible token (NFT) marketplace and aggregator platform that offers advanced features such as real-time price feeds, portfolio management, and multi-marketplace NFT comparisons. It claims to have faster NFT sweeps and a more intuitive interface than comparable platforms. As a result, many professional NFT traders increasingly prefer to use Blur for their trading activities — although it may be due to incentives like the recent airdrop of 360 million BLUR tokens — worth around $355M at the time of writing. An Ethereum-based platform has raised over $14m from world-class investors and traders, including Paradigm, 6529, Cozomo Medici, dhof, Bharat Krymo, Zeneca, OSF, MoonOverlord, icebergy, Deeze, Andy8052, Keyboard Monkey and many more. BLUR became prominent after launching in October 2022, when it promised airdrops of BLUR tokens to the top platform users.

BrankoNovember 24, 2023

This snapshot provides insights into the dynamic nature of the crypto market, highlighting specific cryptocurrencies that have shown notable movements and the general trends in the market, including the performance of major indices and cryptocurrencies.

Notable Gainers:
- Lisk and SuperVerse stood out as significant performers over the last day, with SuperVerse notably increasing by 7.67% since the 7 p.m. update.
- Goldfinch surged by 18.30%, and Lisk increased by 16.79% since the 2 p.m. update.
Market Stability with Slight Negative Pressure:
- The overall crypto market showed stability, with no drastic price changes observed.
- The NWSBCT Index for Blue Chips, which focuses on more established cryptocurrencies, trended sideways, indicating a lack of significant movement among major coins.
Mixed Performance in Indices:
- The 2100NEWS Indices, covering different crypto sectors, recorded modest gains ranging from 0.25% to 1.04% since the 7 p.m. update.
- The 2100NEWS Total Index (NWST1100), tracking a broad spectrum of 1100 cryptocurrencies, slightly decreased by 0.16% over the last 24 hours.
Decrease in Major Cryptocurrencies:
- Bitcoin and Ether both experienced decreases, with Bitcoin going down by 0.45% and Ether by a marginal 0.03%.
Analysis of Specific Cryptocurrencies:
- SuperVerse is emphasized for its significant gain and involvement in Web3 product development, NFT marketplace technology, and blockchain gaming experiences.
- Goldfinch focuses on decentralized credit for crypto loans without crypto collateral, aiming at financial inclusion in emerging markets.
- GAS is highlighted for its role in the NEO system, where it powers transactions and is acquired through NEO ownership.
Market Dynamics:
- Earlier updates indicated a bullish sentiment, with a robust rebound from support levels and a subsequent consolidation phase.
- Gains in cryptocurrencies like Sei and Gas were noted in earlier updates, with Gas rising by 16.82% since the morning update.

BrankoNovember 23, 2023

Tokens and coins that moved the most in the last 24 hours:

Top Movers of the Day:

Lisk and SuperVerse: These cryptocurrencies have experienced gains, with SuperVerse increasing by 7.67% since the 7 p.m. update. They are highlighted as significant performers over the last day.

Overview: Overall, the market has shown stability with slight negative pressure, indicating that after previous volatility, there have been no drastic changes in price over the last day. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has trended sideways. 2100NEWS Indices: The collection of indices from 2100NEWS, which observes different crypto sectors, recorded gains from 0.25% to 1.04% since the 7 p.m. update. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap. It has slightly decreased by 0.16% in the last 24 hours. Bitcoin and Ether have decreased, with Bitcoin going down by 0.45% and Ether by a negligible 0.03%, which could be considered almost stable in the volatile crypto market.

SuperVerse (SUPER)

2100NEWS ranking: 326, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 13.6 (Average for Small caps: 10)

7:10 p.m. update:

Goldfinch and Lisk are the top movers of the day. Since 2 p,.m. Goldfinch has surged 18.30%, and Lisk is 16.79% higher. SuperVerse has increased by 3.05%.

The crypto markets trended sideways. Over the past 24 hours, the large caps measured by 2100NEWS 100 Large Cap Index (NWSL100) have increased by 2.01%. 2100NEWS Total Index (NWST1100) is 1.71% higher. Bitcoin hrisensed by 1.66%, and Ether by 1.25%.

Goldfinch (GFI)

2100NEWS ranking: 464, Small cap, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 7.5 (Average for Small caps: 10.0)

Goldfinch is a decentralized credit protocol for crypto loans without crypto collateral. By incorporating the principle of “trust through consensus” and using different types of off-chain collateral, the Goldfinch protocol allows borrowers to show creditworthiness based on more than just their crypto assets. Thmissing piecehat finally unlocks crypto lending in emerging markets and other places where crypto can truly empower financial inclusion. The protocol serves thousands of end borrowers across India, Mexico, Nigeria, and Southeast Asia.

Top Movers of the Day (at 2 P.m. update):

Sei and SuperVerse: These cryptocurrencies remain top movers, maintaining their significant gains over the last 24 hours.
Gas has risen by 16.82% since the morning update.

Overview: The crypto market has consolidated following a robust rebound from support levels. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index experienced a surge with momentum starting around 6 p.m., reaching a peak in the late afternoon, followed by a consolidation phase with minor price fluctuations. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap; it surged by 2.00% in the last 24 hours. Bitcoin and Ether have continued their upward trajectory, with Bitcoin increasing by 2.04% and Ether by 1.76% over the same period.

Gas (GAS)

2100NEWS ranking: 130, Mid-cap Non-Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSOT50, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 13.3 (Average for Tokens: 16.1)

GAS is a virtual currency that represents the right to use the blockchain. This coin is used to make payments for various systems on the blockchain. There are two built-in system assets, which are NEO and GAS. At the same time, NEO is described as the blockchain ownership used for electoral accounting to obtain GAS dividends; GAS powers all transactions on the NEO system, similar to what ETH does with Ethereum. However, NEO is a vital factor for mining/staking, which accrues GAS. In other words, if users own NEO, they will get GAS.

Top Movers of the Day (at 9 a.m. update):

Sei and SuperVerse: These two cryptocurrencies have posted significant gains over the last 24 hours. Specifically, SuperVerse experienced a remarkable 24.70% increase since midnight, making it one of the day’s top performers.

Overview: The overall market sentiment is bullish, with a robust rebound from support levels followed by a consolidation phase. This pattern suggests that after the initial surge, the market is stabilizing as participants evaluate their positions and consider the market’s future direction.

NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index showed a noticeable surge, with the momentum picking up around 6 p.m. and reaching a peak in the late afternoon. The price then began a consolidation phase, with minor fluctuations in the evening and early morning.
2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap; it surged by 2.96% in the last 24 hours.
Bitcoin and Ether: Bitcoin and Ether have also seen upward movements. Bitcoin recorded a 2.31% rise, while Ether outpaced it slightly with a 3.44% increase over the same period.

FTX Token (FTT)

2100NEWS ranking: 117, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 16 (Average for Tokens: 16)

FTX is owned by FTX Trading LTD, a company incorporated in Antigua and Barbuda. Alameda Research, a cryptocurrency liquidity provider, incubated FTX. On November 11, 2022, and November 14, 2022, FTX Trading Ltd. and 101 affiliated debtors (collectively, the “Debtors”) each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Exhibit(s) (Notice of Filing Hearing Presentation) Filed by FTX Trading Ltd.. (Attachments: # 1 Exhibit A)

BrankoNovember 23, 2023

The nature of the cryptocurrency market is complex and multifaceted. Broader trends may not always align with the performance of individual tokens and coins. Innovation, sector focus, and platform features can significantly influence market movements.

Here are the key takeaways from the recent cryptocurrency market movements:

Standout Performers: Blur and FTX Token have shown exceptional performance in the last 24 hours, leading the market in gains.
Rise in Helium: Helium (HNT) has registered an increase of 10.55% since the 7 p.m. update, marking its position as a strong mover in the market.
Market Rebound: The crypto market has experienced a robust rebound from key support levels, with the NWSBCT Index for Blue Chips reflecting this trend with a steady rise.
Sector-Wide Gains: The 2100NEWS Indices, which monitor various sectors within the crypto market, have all recorded gains, signaling a widespread positive sentiment.
Broad Market Upturn: The 2100NEWS Total Index (NWST1100) has soared 4.72%, indicating an extensive upturn across the crypto market.
Bitcoin and Ether Surge: Bitcoin and Ether have seen substantial gains, with Bitcoin increasing by 2.77% and Ether by 6.09%, reinforcing the bullish momentum within the market.
Resilience of the Market: After testing critical support levels, the market’s recovery suggests resilience and the possibility of turning previous resistance into new support, a bullish indicator in technical analysis.
Binance deal: The crypto community on social media has greeted the news of the agreement between Binance, Changpeng “CZ” Zhao, and the United States Department of Justice (DOJ) mostly positively.

BrankoNovember 22, 2023

Tokens and coins that moved the most in the last 24 hours:

Top Movers of the Day:

Blur and FTX Token: These cryptocurrencies have performed remarkably over the last day.
Helium has risen by 10.55% since the 7 p.m. update.

Overview: Overall, the crypto market has seen a strong rebound from the support, with a soaring trend over the last 24 hours. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has soared. The associated chart reflects this with a steady rise. 2100NEWS Indices: The collection of indices from 2100NEWS, which observes different crypto sectors, recorded gains from 1.87% to 2.79% since the 7 p.m. update. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap. It has soared 4.72% in the last 24 hours, indicating a broad market upturn. Bitcoin and Ether have shown substantial gains. Bitcoin’s 2.77% increase and Ether’s 6.09% soar further confirm the overall positive momentum within the market.

Helium (HNT)

2100NEWS ranking: 129, Mid-cap, Index member: NWST1100, NWSM200, NWSCo100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 13.7 (Average for Coins: 15.1)

Launched in July 2019, Helium is a decentralized wireless network that allows low-power smart devices to send and receive data to the internet. Miners earn HNT for providing network coverage and relaying data to the internet using Hotspot hardware.

7:10 p.m. update: The day’s top movers are LCX and Cortex. Since 2 p.m., LCX has surged by 31.22%, and Cortex has increased by 10.01%.

The crypto markets were higher. Over the past 24 hours, the tokens built on Ethereum represented by 2100NEWS Ethereum Based Index (NWSET100) have increased by 0.93%. 2100NEWS Total Index (NWST1100) is 0.12% higher. Ether has risen by 2.85%, while Bitcoin has decreased by 1.12%.

LCX (LCX)

2100NEWS ranking: 393, Small cap Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 9.1 (Average for Small caps: 10)

LCX, the Liechtenstein Cryptoassets Exchange, aims to become one of the world’s first licensed and supervised security token exchanges. The initial product is LCX Terminal, a crypto trading desk to trade on significant crypto exchanges within a single interface. In November 2018, LCX claimed to have been granted a Business License from the Liechtenstein Ministry of Economic Affairs. LCX AG was founded in April 2018 and is headquartered in the Principality of Liechtenstein.

Top Movers of the Day (at 2 p.m. update):

FTX Token and Blur have continued to outperform the market over the last 24 hours, with FTX Token registering a 12.45% increase since the morning update.

Overview: In the crypto market, a significant rebound was observed after testing a critical support level around 1 a.m., which had previously acted as a resistance level (R1), as mentioned in the 2100NEWS WEEKLY CRYPTO REPORT Nov-17. NWSBCT. This indicates that the market has shown resilience by turning a previous resistance level into a support level, a standard bullish indicator in technical analysis. NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has exhibited a pattern consistent with the broader market. It had a substantial drop until around 4 p.m., followed by a significant recovery, forming a peak, then another decline, and starting around 1 a.m., a rebound took place. 2100NEWS Indices: The collection of indices from 2100NEWS, which observes various crypto sectors, recorded gains from 1.41% to 5.83% since midnight. 2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap; it fell by 1.73% in the last 24 hours. Bitcoin and Ether: Bitcoin dropped by 1.71%, which aligns with the general market downtrend, while Ether went against the trend slightly, increasing by 0.36% in the same period.

FTX Token (FTT)

2100NEWS ranking: 117, Mid-cap Ethereum-based Token, Index member: NWST1100, NWSM200, NWSTo100, NWSET100, NWSDM100

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 16 (Average for Tokens: 16)

Top Movers of the Day (at 9 a.m. update):

FTX Token and Blur have been the standout performers, demonstrating the highest gains over the last 24 hours.
Bonk has seen a surge of 24.95% since midnight.

Overview: Over the last 24 hours, the crypto market has been through a volatile 24-hour period with two notable dips, the lowest point being around 1 a.m., after which the market has shown signs of recovery.

NWSBCT Index for Blue Chips: Focusing on the more established cryptocurrencies, colloquially known as the “Blue Chips.” The NWSBCT Index has followed a similar pattern to the broader market, with a significant drop until around 4 p.m., reaching a low. A substantial rebound formed a peak, followed by another decline and recovery around 1 a.m.
2100NEWS Indices: The collection of indices from 2100NEWS, which observes various crypto sectors, recorded gains from 0.81% to 4.70% since midnight.
2100NEWS Total Index (NWST1100): Representing a broad spectrum of the crypto market, this index tracks 1100 significant cryptocurrencies based on their market cap; it dropped by 2.30% in the last 24 hours.
Bitcoin and Ether: Bitcoin has dropped by 2.14%, which aligns with the general market downtrend. Although declining, Ether has shown a smaller decrease of 0.57% in the same timeframe.

Bonk (BONK)

2100NEWS ranking: 309, Small cap Non-Ethereum-based Token, Index member: NWST1100, NWSS300

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, Score: 7.6 (Average for Small caps: 10)

BONK is the first dog-themed coin on Solana “for the people, by the people,” with 50% of the total supply of the cryptocurrency airdropped to the Solana community. BONK is similar to Shiba Inu (SHIB) and Dogecoin (DOGE) meme coin; it was launched on December 25, 2022, and led to an increase in the price of the SOL token (a rise of 34% in 48 hours). Trading began on December 30, 2022, arousing genuine interest from the crypto community. The team’s primary goal is to bring back liquidity to Solana-based decentralized exchanges (DEXs). The idea of the developers was to create a full-fledged community coin that would be used across all the dApps built on Solana, and each user would have the opportunity to become part of the ecosystem “where everyone gets a fair shot.”

BrankoNovember 22, 2023

The NWST1100 index has fallen by 2.55% from the previous week. ORDI (ORDI), a Large-cap Non-Ethereum-based Token, is biweekly making 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.

Based on our previous analysis, where we predicted that the market would consolidate and stay above level R1, we have conducted a detailed examination of the NWST1100 chart, a vital metric for the cryptocurrency market. Our thorough review of various indicators has yielded a plethora of salient observations:

The NWST1100 index’s trajectory shows a consolidation phase following notable gains.
Market sentiment suggests caution: The PPO lines have declined. The PPO histogram crossed the zero line and has a downward slope, which can be a precursor to a potential trend reversal. The Relative Strength Index (RSI) trajectory has changed direction to downward.
We are shifting our focus to the Crypto Market Breadth indicators at the bottom of the NWST1100 chart. The Advance-Decline Line (ADVL) flattened out. The McClellan Summation Index has started declining.

Considering

I have reviewed various indicators on the NWST1100 chart, considered a vital metric for the cryptocurrency market. Based on my observation, the chart is currently in a consolidation phase after significant gains. However, market sentiment suggests caution as the PPO lines have declined, and the PPO histogram has a downward slope, indicating a potential trend reversal. Additionally, the RSI trajectory has changed direction to downward. As such, we are now focusing on the Crypto Market Breadth indicators at the bottom of the chart. The Advance-Decline Line (ADVL) has flattened out, and the McClellan Summation Index has started declining.

Considering these insights, it is crucial to note that while a significant part of the market is experiencing bullish sentiment, it raises caution that could lead to a retraction as the market seeks to balance out.

According to the chart on the right, all four A50R lines have settled in the overbought territory. This breadth indicator measures the percentage of digital assets trading above a 50-day moving average. The current condition suggests that a substantial portion (over 85%) of the cryptocurrency market trades above its 50-day EMA (at relatively high levels compared to their short-term moving averages). Yet, being in this zone doesn’t necessarily mean the market will drop, but it signals the potential for a retraction as the market attempts to find equilibrium.

*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:

The top box shows the A50R lines for 100 Large-cap members of NWSL100.
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.
The third box shows the A50R lines for 100 Ethereum Tokens members of NWSET100.
The bottom box represents the A50R lines for 100 Coins members of NWSCo100.

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.

The crypto market may follow a similar pattern to those observed in February and March, as marked by ellipses on the provided chart.
The RSI (Relative Strength Index) has exited overbought conditions, with a 64 reading suggesting a cooling market.
The PPO lines may continue on a descending trajectory, but there is a possibility that the falling histogram may change direction and move upward. This could indicate a potential reversal or slowing down of downward momentum.
The Breadth indicators at the bottom of the first chart (NWST1100) point toward market consolidation or decline. A descending McClellan Summation Index, derived from the McClellan Oscillator, underlines the possibility of range trending.
As the seasonal pattern associated with Thanksgiving diminishes this week, other indicators will influence the market’s consolidation.

Considering the consolidation signals from the technical indicators, a cautious perspective suggests that the market may enter a consolidation phase within a specific range. With the fading of Thanksgiving seasonal trends, a market downturn is possible. However, it’s important to note that the market’s stability will likely remain above a critical support level, previously a resistance level (R1). This support level may lay the groundwork for a potential rebound, as historically observed during the robust December period, often accompanied by a Christmas rally.

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

The chart below highlights the performance of various cryptocurrencies, such as Bitcoin, Ether, and the 2100NEWS Indices, which represent the performance of Ethereum-based tokens (NWSET100), Large caps (NWSL100), and Coins (NWSCo100). A retrospective view over the last thirty days indicates that Coins represented by the NWSCo100 index have shown the most promising performance, with a gain of 45.81%. While the broader market is experiencing a consolidation, different segments, and individual cryptocurrencies exhibit varied performance dynamics. Ether and certain indices like NWSC100, NWSET100, and NWSL100 are currently leading in momentum, pointing to their strong market performance. In contrast, Bitcoin, NWSBE, and NWWS30 are lagging, showing signs of decreasing momentum. 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.

Crypto (Digital Assets) compared with global equity

Let’s break down the key observations and implications:

Historical Performance Comparison:
- 24 Months Ago: Digital assets, represented by the NWST1100 index, were outperforming shares on capital markets, represented by the W1Dow index, with a record high quotient between the two indexes. At this juncture, digital assets displayed a notably superior performance trajectory compared to shares on global capital markets.
- 12 Months Ago: Fast-forwarding to a year back, digital assets had a clear edge, outperforming shares by 57.1%. This performance data accentuates the heightened returns digital assets offered over shares in the specified duration.
Recent Shift in Performance:
- An analysis of the present year reveals a stark enhancement in the performance of digital assets. They have surpassed shares on global capital markets by a significant 58.8% margin. This performance data accentuates the heightened returns digital assets offered over shares in the specified duration.
Mean Reversion Opportunity:
- The average quotient price over the past 143 working days is plotted as a blue dashed curve (5.54). Currently, this average sits below its long-run mean, hovering around 7.49. Such a deviation underscores a potential opportunity to invest in digital assets, leveraging the mean reversion theory.
- The mean reversion theory suggests that asset prices, over time, tend to revert to their historical average returns. The current average quotient price below the long-run mean could imply that digital assets are currently undervalued 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 67.86% appreciation relative to last year’s period. With daily index investments, an investor’s stock would have seen a 28.9% uplift compared to the index’s current price.
- Contrasting with the crypto index, the DJW, representing global capital market shares, grew by 11.26% over the past year. However, a strategy involving daily purchases would have resulted in a gain of 4.9%.
- Expectations are rife as we stand at the confirmed bullish trend between digital assets and global capital market shares. Digital assets purchased over the preceding year at an average price of 2635 points seem poised to offer magnified returns compared to shares as we traverse this bullish phase.

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

Indices Revision 11-17-2023

Based on the latest Bi-weekly revision, dYdX, Celestia, FTX Token, Ordinals, and 0x Protocol have improved their ranking and were added to the NWSL100 index. On the other hand, APENFT, UNUS SED LEDO, Enjin Coin, GateToken, and WhiteBIT Coin were removed from the NWSL100 index. Several new mid-cap assets have been added to the NWSM200 index, including Memecoin, Axelar, Kujira, etc. More information about the additions and deletions for other indices in the family is available in each index’s presentation.

Winning member

Congratulations to ORDI (ORDI) for achieving a significant milestone by being recognized as the winning member of the NWSL100 crypto index with the most significant leap in rank within the NWSL100 crypto index. Let’s delve into the details of its performance:

Performance in the Last Ten Weeks: ORDI (ORDI) has displayed a growth trajectory that resonated with the 2100NEWS Digital Assets 100 Large Cap Index (NWSL100) performance. However, a significant bullish surge in early November set ORDI apart, reinforcing its independent market dynamics. The violet area chart highlights ORDI’s remarkable achievement, outpacing the NWSL100 index by 366%. This difference in performance underscores ORDI’s resilience and potential in the market.
ORDI vs. NWSL100: A comparison of JST’s performance with the NWSL100 index reveals interesting insights. The green area graph represents ORDI’s performance, while the orange area graph illustrates the index’s performance. An overall strong correlation, evidenced by a Pearson’s correlation coefficient of 0.89, implies that while ORDI follows the index trends, it also has independent factors influencing its performance.
Convergence in Price Changes: Because of the tendency to move in tandem with NWSL100, ORDI has been a reliable representative of the index regarding price changes. This convergence suggests that ORDI’s price movements have followed the broader market trends represented by NWSL100.

*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.

ORDI (ORDI) Website: https://ordinals.com/

ORDI Large-cap Non-Ethereum-based Token is 79th in the 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWSTo100, NWSOT50

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, 16.2 (Average for Large-caps: 18.5)

Over the last week, the average market cap was $463.6 million, and the average daily volume was $270.8 million.

The Ordinal theory concerns itself with satoshis, giving them individual identities and allowing them to be tracked, transferred, and imbued with meaning. Satoshis, not Bitcoin, is the atomic, native currency of the Bitcoin network. One bitcoin can be subdivided into 100,000,000 satoshis, but no further. The ordinal theory does not require a sidechain or token aside from Bitcoin and can be used without any changes to the Bitcoin network. It works right now. Ordinal theory imbues satoshis with numismatic value, allowing them to be collected and traded as curios. Individual satoshis can be inscribed with arbitrary content, creating unique Bitcoin-native digital artifacts that can be held in Bitcoin wallets and transferred using Bitcoin transactions. Inscriptions are as durable, immutable, secure, and decentralized as Bitcoin.

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

Older Posts

Branko, Author at 2100NEWS

2100NEWS WEEKLY CRYPTO REPORT Nov-24

Outlook for this week

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

Movers of the Day 28-Nov-2023

Tokens and coins that moved the most in the last 24 hours:

Navigating Waves – Empirical Analysis of the Cryptocurrency Ecosystem

Movers of the Day 27-Nov-2023

Tokens and coins that moved the most in the last 24 hours:

Movers of the Day 24-Nov-2023

Tokens and coins that moved the most in the last 24 hours:

Key Takeaways from the Nov 23 in the Cryptocurrency Market:

Movers of the Day 23-Nov-2023

Tokens and coins that moved the most in the last 24 hours:

Key Takeaways from the Nov 22 in the Cryptocurrency Market:

Movers of the Day 22-Nov-2023

Tokens and coins that moved the most in the last 24 hours:

2100NEWS WEEKLY CRYPTO REPORT Nov-17

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

Crypto (Digital Assets) compared with global equity

Indices Revision 11-17-2023

Winning member

2100NEWS WEEKLY CRYPTO REPORT Nov-24

Movers of the Day 28-Nov-2023

Navigating Waves - Empirical Analysis of the Cryptocurrency Ecosystem

Movers of the Day 28-Nov-2023

Movers of the Day 27-Nov-2023

Movers of the Day 26-Nov-2023