Cryptocurrencies Archives

BrankoMarch 21, 2023

The NWST1100 index has soared 27.22% over the previous week. Bitcoin has led a solid crypto rally and shone brightly; Bitcoin has been the best-performing in the last thirty days (+11.57%).

*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 difficult to read initially, but the graph shows essential price information, crucial decisive price levels, momentum, trading volumes, and crypto market breadth.

The previous report showed last week’s assumption. “A move to resistance R1 was likely.” The assumption proved to be correct. The NWST1100 chart shows a solid Rally to resistance R1. Bitcoin has led the crypto markets and shone brightly in turmoil in the global banking sector as the alternative available to the legacy banking system. Momentum indicators at the top show: the RSI, the PPO lines, the PPO histogram, and the Breadth indicators (at the bottom of the chart). They 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 have risen; two are overbought; the bullish trend in crypto markets may continue.

* 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

The waves are at least partially predictable due to their quasi-periodic nature; the area plots the McClellan Summation Index, a long-term measure of market breadth, suggesting that the bullish momentum may strengthen because of upslope McClellan Oscillator (bars above zero cause the Summation Index to rise). If we look ahead, the Momentum indicators give us the following signals in the coming days: RSI is 67 and overbought; RSI, PPO histogram, PPO lines, and Breadth indicators at the bottom of the first charts (NWST1100) may continue direction. We expect higher volatility before the FOMC meeting on 22nd March. The P&F chart on the left shows Bullish Price Objective at 3800 points (+29%). Based on this setup, A move to resistance R2 is likely because we are approaching the end of q1.

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

The table shows that the total (NWST1100) index has soared 27.22% over the last week. In the chart below, we can see Bitcoin, Ether, and the 2100NEWS Indices, which measure the performance of Ethereum-based tokens (NWSET100), Large caps (NWSL100), and Coins (NWSCo100). Bitcoin has been the best-performing during the previous thirty days (+11.57%).

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 16 months ago. The Percentage Change Marks on the chart show that NWST1100 lagged behind W1Dow by 36.1% over the last 12 months, while this year, NWST1100 has been 52.7% higher. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price is the same as twelve months index’s average price.

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

BrankoMarch 14, 2023

The NWST1100 index has plunged 10.25% over the previous week. The failure of U.S. banks (SVB and Signature) caused a bloodbath. Maker, 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 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 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. “if support (143-Day Ema – red curve) held, a rebound to Keltner upper band was likely.” The NWST1100 chart shows a bloodbath; the index tested support (143-Day Ema – red curve), and the support was broken because of the failure of U.S. banks (SVB and Signature) and the possibility of a broader “systemic” meltdown. The price had fallen below it and found new support, FIb retracement level 0.38 – representing the most likely turning point. The dip could be a “bear trap.” Momentum indicators at the top show: PPO lines, PPO histogram, RSI, and the Breadth indicators (at the bottom of the chart). They have fallen.

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. The transition from the overbought territory in two weeks was swift – a rebound is expected.

* 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

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 23 and oversold; RSI, PPO histogram, PPO lines, and the Breadth indicators at the bottom of the first chart (NWST1100) may rebound. Based on this setup, a move to resistance R1 is likely.

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

The table shows that the total (NWST1100) index has plunged 10.25% over the last week. In the chart below, we can see Bitcoin, Ether, and the 2100NEWS Indices, 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 (+5.48%).

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 16 months ago. The Percentage Change Marks on the chart show that NWST1100 lagged behind W1Dow by 47.8% over the last 12 months, while NWST1100 was 20.2% higher this year. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price is 22.3% lower than twelve months index’s average price. That means: If we bought one NWST1100 every day over the last twelve months, our investment was recording a 22.3% loss on Friday. However, if we bought one NWST1100 daily in the previous six months, purchases are a bargain and highly profitable.

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

Indices Revision 3-10-2023

The Bi-weekly revision updates the amount of each asset publicly available and any additions and deletions from the indexes. GateToken improved its ranking; it was added to NWSL100 and deleted from NWSM200; WEMIX was deleted from NWSL100. The new mid-caps are BinaryX, Core DAO, DODO, etc. Additions and deletions for the other indices from the family are available in each index presentation.

Winner member

We gauged Maker (MKR) 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 MKR has shown that MKR was more potent over the last two months. MKR has beaten NWSL100 by 13.2% during the previous ten weeks. First, compare the MKR 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 = 0.74). 86% of the time, it was moving in the same direction as the NWSL100; however, 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.

Maker (MKR) Website: https://makerdao.com/en/

MKR Large-cap Ethereum-based Token is 57th in the 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, 14 (Average for Large-caps: 18.2)

Over the last week, the average market cap was $807.7 million, and the average daily volume was $55.5 million.

Maker is a distributed autonomous organization on the Ethereum blockchain network attempting to decrease the price volatility of its durable coin — Dai — against the IMF’s international currency basket SDR.

*The chart below shows the MKR 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 MKR and NWSL100.

BrankoMarch 6, 2023

The NWST1100 index has fallen 3.79% over the previous week and the second time tested support (143-Day Ema – red curve). Bitcoin has been the best-performing in the last thirty days (-1.63%).

*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 difficult to read initially, but the graph shows essential price information, crucial decisive price levels, momentum, trading volumes, and crypto market breadth.

The previous report showed last week’s assumption. “A move to resistance R1 was likely; consolidation around pivot P was also possible.” The NWST1100 chart shows that the index second time tested support (143-Day Ema – red curve). Momentum indicators at the top show: the RSI, the PPO lines, the PPO histogram, and the Breadth indicators (at the bottom of the chart). They have fallen.

The chart on the right shows The percentage of digital assets trading above a 50-day moving average breadth indicator: All four A50R lines have been at the midpoint and signal that the bullish trend in crypto markets has been temporarily finished.

* 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

The waves are at least partially predictable due to their quasi-periodic nature; the area plots the McClellan Summation Index, a long-term measure of market breadth, suggesting that the bearish momentum may weaken because of upslope McClellan Oscillator (bars above zero cause the Summation Index to rise). If we look ahead, the Momentum indicators give us the following signals in the coming days: RSI is 39; RSI, PPO histogram, and PPO lines may change direction if support (143-Day Ema – red curve) holds. Breadth indicators at the bottom of the first charts (NWST1100) may start flattening. The P&F chart on the left shows Bullish Price Objective (Tentative) at 4450 points (+62%). Based on this setup, if support (143-Day Ema – red curve) holds, a rebound to Keltner upper band is likely.

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

The table shows that the total (NWST1100) index has fallen by 3.79% over the last week. In the chart below, we can see Bitcoin, Ether, and the 2100NEWS Indices, which measure the performance of Ethereum-based tokens (NWSET100), Large caps (NWSL100), and Coins (NWSCo100). Bitcoin has been the best-performing during the previous thirty days (-1.63%).

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 16 months ago. The Percentage Change Marks on the chart show that NWST1100 lagged behind W1Dow by 44.4% over the last 12 months, while this year, NWST1100 has been 29.3% higher. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price is 15% 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 15% loss today. However, if we bought one NWST1100 daily in the previous six months, purchases are a bargain and profitable.

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

BrankoFebruary 28, 2023

The NWST1100 index has fallen 5.68% over the previous week. WEMIX, Large-cap Non-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 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 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 move to resistance R1 was likely.” The NWST1100 chart shows that the index topped at R1 and then retraced. Momentum indicators at the top show: PPO lines, PPO histogram, RSI, and the Breadth indicators (at the bottom of the chart) have started falling.

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 overbought; however, they started falling.

* 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

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 49; RSI, PPO histogram, PPO lines, and the Breadth indicators at the bottom of the first chart (NWST1100) may rebound. The P&F chart on the left shows Bullish Price Objective (Tentative) at 4500 points. Based on this setup, a move to resistance R1 is likely; however, consolidation around pivot P is also possible.

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

The table shows that the total (NWST1100) index has fallen 5.68% over the last week. In the chart below, we can see Bitcoin, Ether, and the 2100NEWS Indices, which measure the performance of Ethereum-based tokens (NWSET100), Large caps (NWSL100), and Coins (NWSCo100). Ethereum-based Tokens represented by (NWSET100) index have been the best-performing during the previous thirty days (+9.81%).

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 15 months ago. The Percentage Change Marks on the chart show that NWST1100 lagged behind W1Dow by 38.3% over the last 12 months, while this year, NWST1100 was 37.5% higher. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price is 12.3% 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 12.7% loss today. However, if we bought one NWST1100 daily in the previous six months, purchases are a bargain and highly profitable.

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

Indices Revision 2-24-2023

The Bi-weekly revision updates the amount of each asset publicly available and any additions and deletions from the indexes. WEMIX improved its ranking; it was added to NWSL100 and deleted from NWSM200; FTX Token was deleted from NWSL100. The new mid-caps are Blur, COCOS BCX, Automata Network, etc. Additions and deletions for the other indices from the family are available in each index presentation.

Winner member

We gauged the WEMIX (WEMIX) Large-cap Non-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 WEMIX has shown that WEMIX was more potent over the last two months. WEMIX has beaten NWSL100 by 349.5% during the previous ten weeks. First, compare the WEMIX 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 = 0.76). It was moving in the same direction as the NWSL100; however, 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.

WEMIX (WEMIX) Website: https://www.wemix.com/

WEMIX Large-cap Non-Ethereum-based Token is 90th in the 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWSTo100, NWSOT50

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, 14.4 (Average for Large-caps: 18.2)

Over the last week, the average market cap was $687.3 million, and the average daily volume was $13.3 million.

Wemix is a blockchain-based Global Gaming Platform developed by Wemade Tree, a subsidiary company of WEMADE as its flagship blockchain gaming services arm. “Wemix” is a platform for gaming dApps providing users with wallets and a marketplace for digital assets (fungible tokens, non-fungible tokens). Wemix envisions nurturing a blockchain gaming ecosystem with users’ “experiential value” at the core, while existing blockchain gaming projects focus on digital asset exchange. Core competencies for Wemix setting a new standard in the blockchain gaming scene are: “Sustainability” Wemade has been serving the global gaming industry for over 20 years; “Substance” Wemade has reached more than 600 million users worldwide with global mega-hit game titles, including ChuanQi (Legend of Mir); “Support” Wemade has ten subsidiaries and 10+ investments made into gaming companies with resources accessible for Wemix; “Scalability” Wemix platform adopted a hybrid “multi-chain” infrastructure (public-bridge-private) to address inherent scalability and transaction cost issues.

*The chart below shows the WEMIX 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 WEMIX and NWSL100.

BrankoFebruary 21, 2023

The NWST1100 index has soared 12.38% over the previous week. A minor dip had shaken out the nervous longs. Ethereum-based Tokens represented by (NWSET100) index have been the best-performing in the last thirty days (+30.34%).

*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 difficult to read initially, but the graph shows essential price information, crucial decisive price levels, momentum, trading volumes, and crypto market breadth.

The NWST1100 chart shows that the index had tested support (pivot P), then NWST1100 resumed the uptrend. A minor dip had shaken out the nervous longs and provided an opportunity for long-term investors to add to their positions. Momentum indicators at the top show: RSI and the PPO lines have risen, and the Breadth indicators (at the bottom of the chart) have flattened out.

The chart on the right shows The percentage of digital assets trading above a 50-day moving average breadth indicator: All four A50R lines have been overbought for five weeks. Fifty-two percent of NWST1100 members trading above the 200-day moving average.

* 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

The waves are at least partially predictable due to their quasi-periodic nature; the area plots the McClellan Summation Index, a long-term measure of market breadth, suggesting that the bullish momentum may be weakening and upslope McClellan Oscillator (moves above zero cause the Summation Index to rise). If we look ahead, the Momentum indicators give us the following signals in the coming days: RSI is 66; RSI, PPO histogram, and PPO lines may continue rising. Breadth indicators at the bottom of the first charts (NWST1100) may start rising. The P&F chart on the left shows Bullish Price Objective (Tentative) at 4450 points (+62%). Based on this setup, a move to resistance R1 is likely.

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

The table shows that the total (NWST1100) index has surged by 12.38% over the last week. In the chart below, we can see Bitcoin, Ether, and the 2100NEWS Indices, which measure the performance of Ethereum-based tokens (NWSET100), Large caps (NWSL100), and Coins (NWSCo100). Ethereum-based Tokens represented by (NWSET100) index have been the best-performing during the previous thirty days (+30.34%).

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 15 months ago. The Percentage Change Marks on the chart show that NWST1100 lagged behind W1Dow by 40.8% over the last 12 months, while this year, NWST1100 has been 42.4% higher. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price is 8.7% 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 an 8.7% loss today. However, if we bought one NWST1100 daily in the previous six months, purchases are a bargain and highly profitable.

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

BrankoFebruary 7, 2023

The NWST1100 index has surged by 3.98% over the previous week. Ethereum-based Tokens represented by (NWSET100) index have been the best-performing in the last thirty days (+48.85%).

*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 difficult to read initially, but the graph 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 experienced consolidation, indicating profit booking by short-term traders. Momentum indicators at the top show: RSI and the PPO lines have fallen, and the Breadth indicators (at the bottom of the chart) have sloped upward.

The chart on the right shows The percentage of digital assets trading above a 50-day moving average breadth indicator: All four A50R lines have been overbought for three weeks. Signs of a comedown may be on the cards.

* 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

The waves are at least partially predictable due to their quasi-periodic nature; the area plots the upsloping McClellan Summation Index, a long-term measure of market breadth, and downsloping McClellan Oscillator (moves below zero cause the Summation Index to fall). This suggests that the bullish momentum may be weakening. If we look ahead, the Momentum indicators give us the following signals in the coming days: RSI is 73 and overbought; RSI, PPO histogram, and PPO lines may change direction. Breadth indicators at the bottom of the first charts (NWST1100) may flatten. A minor dip could shake out the nervous longs and provide an opportunity for long-term investors to add to their positions. The P&F chart on the left shows Bullish Price Objective (Tentative) at 4450 points (+62%). Based on this setup, consolidation is likely; however, a test of the strong support zone and continuation of the Rally is possible.

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

The table shows that the total (NWST1100) index has surged by 3.98% over the last week. In the chart below, we can see Bitcoin, Ether, and the 2100NEWS Indices, which measure the performance of Ethereum-based tokens (NWSET100), Large caps (NWSL100), and Coins (NWSCo100). Ethereum-based Tokens represented by (NWSET100) index have been the best-performing during the previous thirty days (+48.85%).

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 15 months ago. The Percentage Change Marks on the chart show that NWST1100 lagged behind W1Dow by 38.7% over the last 12 months, while this year, NWST1100 has been 34.8% higher. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price is 15.8% 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 15.8% loss today. However, if we bought one NWST1100 daily in the previous six months, purchases are a bargain and highly profitable.

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

BrankoJanuary 31, 2023

The NWST1100 index has risen 2.04% over the previous week. STEPN (GMT), Large-cap Non-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 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 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 Rally was possible; however, consolidation was likely.” The NWST1100 chart shows the index price crossed its 143-Day EMA (the red curve) and 143-Day EMA flipped from resistance to support. It was a technical signal that a reversal had occurred. The bearish trend is finished. Momentum indicators at the top show: PPO lines and the PPO histogram have changed direction, and the Breadth indicators (at the bottom of the chart) 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 overbought and confirm the strong bullish trend over the last twelve months.

* 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

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 79 and overbought; RSI, PPO histogram, and PPO lines may continue sloping down, and the Breadth indicators at the bottom of the first chart (NWST1100) may flatten. The P&F chart on the left shows Bullish Price Objective (Tentative) at 4300 points (+62%). Based on this setup, I think consolidation is likely.

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

The table shows that the total (NWST1100) index has risen 2.04% over the last week. In the chart below, we can see Bitcoin, Ether, and the 2100NEWS Indices, which measure the performance of Ethereum-based tokens (NWSET100), Large caps (NWSL100), and Coins (NWSCo100). Coins represented by (NWSCo100) index have been the best-performing during the previous thirty days (+49.70%).

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 15 months ago. The Percentage Change Marks on the chart show that NWST1100 lagged behind W1Dow by 40.8% over the last 12 months, while this year, NWST1100 was 30.3% higher. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price is 19.5% 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 19.5% loss today. However, if we bought one NWST1100 daily in the previous six months, purchases are a bargain and highly profitable.

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

Indices Revision 1-27-2023

The Bi-weekly revision updates the amount of each asset publicly available and any additions and deletions from the indexes. Fetch, STEPN, and Rocket Pool improved their ranking; they were added to NWSL100 and deleted from NWSM200; IoTex, MAsk Network, and eCash were deleted from NWSL100. The new mid-caps are Flare, Floki, Wootrade, etc. Additions and deletions for the other indices from the family are available in each index presentation.

Winner member

We gauged the STEPN (GMT) 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 GMT has shown that GMT was more potent over the last two months. GMT has beaten NWSL100 by 21.7% during the previous ten weeks. First, let’s compare the GMT 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 = 0.93). It was moving in the same direction as the NWSL100; however, 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.

STEPN (GMT) Website: https://www.stepn.com/

GMT Large-cap Non-Ethereum-based Token is 94th in the 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWSTo100, NWSOT50

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, 14.4 (Average for Large-caps: 18.2)

Over the last week, the average market cap was $336.5 million, and the average daily volume was $310.1 million.

STEPN is a Web3 lifestyle app with Social-Fi and Game-Fi elements. Users equipped with NFT Sneakers – walk, jog or run outdoors to earn GST, which can be used to level up and mint new Sneakers.

*The chart below shows the GMT 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 GMT and NWSL100.

BrankoJanuary 23, 2023

The NWST1100 index has soared 12.16% over the previous week. Buyers had enough energy to push the index over the 143-Day EMA. Coins represented by (NWSCo100) index have been the best-performing in the last thirty days (+37.68%).

*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 difficult to read initially, but the graph 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 experienced consolidation and then resumed the Rally. It was the bulls’ turn (rising indicators), and buyers had enough energy to push the index over the 143-Day EMA. Momentum indicators at the top show: RSI and the PPO lines have risen, and the Breadth indicators (at the bottom of the chart) have sloped upward.

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 overbought and confirm a stronger bullish trend than in March or August 2022.

* 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

The waves are at least partially predictable due to their quasi-periodic nature; the area plots the McClellan Summation Index, a long-term measure of market breadth that has risen over the last week. If we look ahead, the Momentum indicators give us the following signals in the coming days: RSI is 83 and overbought; RSI, PPO histogram, PPO lines, and the Breadth indicators at the bottom of the first charts (NWST1100) may change direction. The P&F chart on the left shows Bullish Price Objective (Tentative) at 4000 points (+54%). 143-Day EMA (red curve on the first chart) may flip to support. Based on this setup, a continuation of the Rally is possible; however, consolidation is likely.

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

The table shows that the total (NWST1100) index has soared 12.16% over the last week. In the chart below, we can see Bitcoin, Ether, and the 2100NEWS Indices, which measure the performance of Ethereum-based tokens (NWSET100), Large caps (NWSL100), and Coins (NWSCo100). Coins represented by (NWSCo100) index have been the best-performing during the previous thirty days (+37.68%).

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 14 months ago. The Percentage Change Marks on the chart show that NWST1100 lagged behind W1Dow by 38.8% over the last 12 months, while this year, NWST1100 has been 30.5% higher. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price is 21.1% 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 21.7% loss today. However, if we bought one NWST1100 daily in the previous six months, purchases are a bargain and highly profitable.

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

BrankoJanuary 17, 2023

The NWST1100 index has soared 16.53% over the previous week; a bullish trend is the January Effect. Gala (GALA), 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 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 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 rally to the resistance R2 in the pink range of the chart was likely.” The NWST1100 chart shows the index price has experienced a sharp Rally and Double Top Breakout on 12-Jan. The January Effect – a bullish trend is in place. Momentum indicators at the top show PPO lines, RSI, the PPO histogram, and the Breadth indicators (at the bottom of the chart). All five indicators 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 overbought and confirm a sharp bullish trend like in March or August 2022.

* 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

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 87 and overbought; RSI, PPO histogram, PPO lines, and the Breadth indicators at the bottom of the first charts (NWST1100) may change direction. The P&F chart on the left shows Bullish Price Objective (Tentative) at 3400 points (+40%). Based on this setup, I think consolidation is likely.

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

The table shows that the total (NWST1100) index has soared 16.53% over the last week. In the chart below, we can see Bitcoin, Ether, and the 2100NEWS Indices, 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 (+22.14%).

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 14 months ago. The Percentage Change Marks on the chart show that NWST1100 lagged behind W1Dow by 55.4% over the last 12 months, while this year, NWST1100 was 16.5% higher. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price is 31.1% 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 31.1% loss today. However, if we bought one NWST1100 every day in the previous six months, purchases are a bargain and could soon be highly profitable.

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

Indices Revision 1-13-2023

The Bi-weekly revision updates the amount of each asset publicly available and any additions and deletions from the indexes. FTX Token and Gala improved their ranking; they were added to NWSL100 and deleted from NWSM200; GateToken and IOStoken were deleted from NWSL100. The new mid-caps are Gitcoin, SuperRare, DAO Maker, etc. Additions and deletions for the other indices from the family are available in each index presentation.

Winner member

We gauged the Gala (GALA) 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 GALA has shown that GALA was more potent over the last two months. GALA has beaten NWSL100 by 10.8% during the previous ten weeks. First, let’s compare the GALA 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 = 0.76). 95% of the time, it was moving in the same direction as the NWSL100; however, 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.

Gala (GALA) Website: https://app.gala.games/

GALA Large-cap Ethereum-based Token is 91st in the 2100NEWS ranking. It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100

2100NEWS DA Orderbook Quality Evaluation Grade: Poor, 14.7 (Average for Large-caps: 18.1)

Over the last week, the average market cap was $263.2 million, and the average daily volume was $498.0 million.

GALA claims to be designed to power the Gala Games ecosystem to support gaming re-imagined to benefit creators and players alike. Founded by greats from the gaming and blockchain industry, Gala Games is redefining the gaming world. All OLD-school gamers remember the sound of blowing the dust out of a Nintendo cartridge to get ready to play their favorite game or the pride you took in lining up your Playstation games on a shelf in your bedroom.

*The chart below shows the GALA 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 GALA and NWSL100.

BrankoJanuary 10, 2023

The NWST1100 index started a rally in 2023 and has risen by 4.95% over the previous week. Ether has been the best-performing during the last thirty days. However, 2100NEWS Tradable Indices have been the best performers in 2023.

*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 difficult to read initially, but the graph shows essential price information, crucial decisive price levels, momentum, trading volumes, and crypto market breadth.

The previous report showed last week’s assumption. “A rebound in the year’s first week was likely.” The NWST1100 chart shows a bullish PPO line upward centreline crossover, so the index has rallied. It was the bulls’ turn (rising indicators), and buyers had enough energy to push the market higher. Momentum indicators at the top show: RSI, the PPO lines, and the PPO histogram; they have risen. The Breadth indicators (at the bottom of the chart) started sloping upward.

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 they have risen.

* 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

The waves are at least partially predictable due to their quasi-periodic nature; the area plots the McClellan Summation Index, a long-term measure of market breadth that has risen over the last week. If we look ahead, the Momentum indicators give us the following signals in the coming days: RSI is 58; RSI, PPO histogram, PPO lines, and the Breadth indicators at the bottom of the first (NWST1100) chart may continue rising, considering rising McClellan Summation Index on the chart below. However, resistance at Pivot R2 is a substantial obstacle. Based on this setup, a rally to the resistance R2 in the pink range of the first (NWST1100) chart is likely.

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

The table shows that the total (NWST1100) index has risen by 4.95% over the last week. In the chart below, we can see Bitcoin, Ether, and the 2100NEWS Indices, 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 (+2.90%). However, Ethereum-based tokens (NWSET100), Large caps (NWSL100), and Coins (NWSCo100) have been the best performers in 2023.

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 14 months ago. The Percentage Change Marks on the chart show that NWST1100 lagged behind W1Dow by 62% over the last 12 months. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price is 41.7% 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 41.7% loss today. However, if we bought one NWST1100 every day in the previous six months, purchases are a bargain and could soon be highly profitable. Global equity (W1Dow) spot price is 3.9% 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.