• Home
  • Podcast
  • App
No Result
View All Result
Subscribe
×
sign in
  • Learn
    • All
    • Crypto Basics
    • Token Metrics Tutorials
    • Weekly Index Performance
    Bitcoin: Everything You Need To Know

    Bitcoin: Everything You Need To Know

    What is Web 3.0? Everything You Need to Know

    What is Web 3.0? Everything You Need to Know

    NEW Token Metrics Crypto Market Indicators

    NEW Token Metrics Crypto Market Indicators

    Weekly Index Performance – May 26, 2022

    Weekly Index Performance – May 26, 2022

    NFTs Explained: What Are Non-Fungible Tokens?

    NFTs Explained: What Are Non-Fungible Tokens?

    Weekly Index Performance – April 27, 2022

    Weekly Index Performance – April 27, 2022

    When Does the Crypto Market Close?

    When Does the Crypto Market Close?

    Will Shiba Inu reach $1?

    Will Shiba Inu reach $1?

    How to Receive Crypto Alerts Through Token Metrics

    How to Receive Crypto Alerts Through Token Metrics

    • Crypto Basics
    • Weekly Performance
  • Market Analysis
    • All
    • Market Navigator
    • Market Update
    shanghai hard fork

    Shanghai Hard Fork – Investing Opportunities | Navigator

    The Bottom | Market Update

    The Bottom | Market Update

    The Metaverse Rally | Market Update

    The Metaverse Rally | Market Update

    The Dollar and DOGE| Market Update

    The Dollar and DOGE| Market Update

    Crypto Market Update

    Can Crypto Rally In October? | Market Update

    Crypto Rektember

    Can You Believe The Macro Shift ? Market Update

    Crypto Rektember

    From Rektember to a Brighter October | Market Update

    ethereum-its-time

    Ethereum: It’s Time | Market Update

    Europe is headed for a depression

    Europe is headed for a depression | Market Update

    • Market Update
    • Price Prediction
    • Market Navigator
  • Deep Dive
  • Hidden Gems
    • All
    • DeFi
    • Gaming and Metaverse
    • NFTs
    • Web 3
    Azuki NFTs

    Azuki | Hidden Gems – NFT

    LonelyPop

    LonelyPop, POTATOZ By 9GAG | Hidden Gems – NFT

    Moonrunners, Disco Kittiez | Hidden Gems – NFT

    Moonrunners, Disco Kittiez | Hidden Gems – NFT

    Evmos, Penumbra, Oasis Network | Hidden Gems – Web 3

    Evmos, Penumbra, Oasis Network | Hidden Gems – Web 3

    League Of Kingdoms, Aurory | Hidden Gems – Gaming and Metaverse

    League Of Kingdoms, Aurory | Hidden Gems – Gaming and Metaverse

    Orderly Network, zCloak Network | Hidden Gems – Web 3

    Orderly Network, zCloak Network | Hidden Gems – Web 3

    Sneakerheads, The Possessed NFT | Hidden Gems – NFT

    Sneakerheads, The Possessed NFT | Hidden Gems – NFT

    BitCraft Online, Earth from Another Sun | Hidden Gems – Gaming and Metaverse

    BitCraft Online, Earth from Another Sun | Hidden Gems – Gaming and Metaverse

    OnChainMonkey & RUNNER | Hidden Gems – NFTs

    OnChainMonkey & RUNNER | Hidden Gems – NFTs

    • DeFi
    • Gaming and Metaverse
    • NFTs
  • Code Reviews
  • Reports
    • All
    • Altcoin Quarterly
    • Awards and Ratings
    • News and Thought Leadership
    NFT Grade

    Introducing Token Metrics NFT Grade

    Token Metrics Research

    Introducing Token Metrics Research

    Research & Chill: 30% Token Metrics Discount

    Research & Chill: 30% Token Metrics Discount

    The Best Crypto News Sites of 2022

    The Best Crypto News Sites of 2022

    The Best Crypto Analysts of 2022

    The Best Crypto Analysts of 2022

    Token Metrics + CEX.IO Promotional Coupon

    Token Metrics + CEX.IO Promotional Coupon

    Partner plan

    NEW Token Metrics Partner Plan

    NEW Token Metrics Crypto Market Indicators

    NEW Token Metrics Crypto Market Indicators

    Best Altcoins of 2021 | Altcoin Quarterly Report | Q4 2021

    Best Altcoins of 2021 | Altcoin Quarterly Report | Q4 2021

    • Altcoin Quaterly
    • Moon Awards
    • News and Thought Leadership
  • TV
  • Learn
    • All
    • Crypto Basics
    • Token Metrics Tutorials
    • Weekly Index Performance
    Bitcoin: Everything You Need To Know

    Bitcoin: Everything You Need To Know

    What is Web 3.0? Everything You Need to Know

    What is Web 3.0? Everything You Need to Know

    NEW Token Metrics Crypto Market Indicators

    NEW Token Metrics Crypto Market Indicators

    Weekly Index Performance – May 26, 2022

    Weekly Index Performance – May 26, 2022

    NFTs Explained: What Are Non-Fungible Tokens?

    NFTs Explained: What Are Non-Fungible Tokens?

    Weekly Index Performance – April 27, 2022

    Weekly Index Performance – April 27, 2022

    When Does the Crypto Market Close?

    When Does the Crypto Market Close?

    Will Shiba Inu reach $1?

    Will Shiba Inu reach $1?

    How to Receive Crypto Alerts Through Token Metrics

    How to Receive Crypto Alerts Through Token Metrics

    • Crypto Basics
    • Weekly Performance
  • Market Analysis
    • All
    • Market Navigator
    • Market Update
    shanghai hard fork

    Shanghai Hard Fork – Investing Opportunities | Navigator

    The Bottom | Market Update

    The Bottom | Market Update

    The Metaverse Rally | Market Update

    The Metaverse Rally | Market Update

    The Dollar and DOGE| Market Update

    The Dollar and DOGE| Market Update

    Crypto Market Update

    Can Crypto Rally In October? | Market Update

    Crypto Rektember

    Can You Believe The Macro Shift ? Market Update

    Crypto Rektember

    From Rektember to a Brighter October | Market Update

    ethereum-its-time

    Ethereum: It’s Time | Market Update

    Europe is headed for a depression

    Europe is headed for a depression | Market Update

    • Market Update
    • Price Prediction
    • Market Navigator
  • Deep Dive
  • Hidden Gems
    • All
    • DeFi
    • Gaming and Metaverse
    • NFTs
    • Web 3
    Azuki NFTs

    Azuki | Hidden Gems – NFT

    LonelyPop

    LonelyPop, POTATOZ By 9GAG | Hidden Gems – NFT

    Moonrunners, Disco Kittiez | Hidden Gems – NFT

    Moonrunners, Disco Kittiez | Hidden Gems – NFT

    Evmos, Penumbra, Oasis Network | Hidden Gems – Web 3

    Evmos, Penumbra, Oasis Network | Hidden Gems – Web 3

    League Of Kingdoms, Aurory | Hidden Gems – Gaming and Metaverse

    League Of Kingdoms, Aurory | Hidden Gems – Gaming and Metaverse

    Orderly Network, zCloak Network | Hidden Gems – Web 3

    Orderly Network, zCloak Network | Hidden Gems – Web 3

    Sneakerheads, The Possessed NFT | Hidden Gems – NFT

    Sneakerheads, The Possessed NFT | Hidden Gems – NFT

    BitCraft Online, Earth from Another Sun | Hidden Gems – Gaming and Metaverse

    BitCraft Online, Earth from Another Sun | Hidden Gems – Gaming and Metaverse

    OnChainMonkey & RUNNER | Hidden Gems – NFTs

    OnChainMonkey & RUNNER | Hidden Gems – NFTs

    • DeFi
    • Gaming and Metaverse
    • NFTs
  • Code Reviews
  • Reports
    • All
    • Altcoin Quarterly
    • Awards and Ratings
    • News and Thought Leadership
    NFT Grade

    Introducing Token Metrics NFT Grade

    Token Metrics Research

    Introducing Token Metrics Research

    Research & Chill: 30% Token Metrics Discount

    Research & Chill: 30% Token Metrics Discount

    The Best Crypto News Sites of 2022

    The Best Crypto News Sites of 2022

    The Best Crypto Analysts of 2022

    The Best Crypto Analysts of 2022

    Token Metrics + CEX.IO Promotional Coupon

    Token Metrics + CEX.IO Promotional Coupon

    Partner plan

    NEW Token Metrics Partner Plan

    NEW Token Metrics Crypto Market Indicators

    NEW Token Metrics Crypto Market Indicators

    Best Altcoins of 2021 | Altcoin Quarterly Report | Q4 2021

    Best Altcoins of 2021 | Altcoin Quarterly Report | Q4 2021

    • Altcoin Quaterly
    • Moon Awards
    • News and Thought Leadership
  • TV
No Result
View All Result
No Result
View All Result
Home Learn

Weekly Index Performance – January 25th, 2022

by The Token Metrics Team
2022/05/12
in Learn, Weekly Index Performance
Reading Time: 7 mins read
0
Weekly Index Performance – January 25th, 2022
0
SHARES
6
VIEWS

In this newsletter, we will go through the top weekly performances of the Token Metrics Indices, the top TM grades, and how they performed over the past week. The second section of this newsletter will look into which coins are being picked most often for the upcoming week in the Token Metrics indices, and the top rated coins for the upcoming week.

Market Review

Over the past week, the crypto market suffered a deep correction with the total crypto market cap dropping by more than 20% to reach $1.7 trillion. The correction hit the entire market as all coins in the top 100 by market cap (except stablecoins) had double-digit losses for the week. As shown in Figure 1 below, the market is close to wiping out all the gains accumulated since the market bottom in July 2021, when BTC dipped below $30,000. Regarding Bitcoin, the biggest cryptocurrency by market cap is now down by over 50% since its high in November, and has slightly gained in market dominance, reaching 40%.

Figure 1: The Crypto Market Cap

Data as of 01/24/2021 – Past performance is not indicative of future performance

Market Regime

We have built multiple market signals at Token Metrics that help identify the prevailing trend and strength of momentum. In Figure 2 below, we show our TM grade indicator applied to the total crypto market cap, which is built by looking at the proportion of coins that have a low TM grade compared to coins with high TM grades. When the majority have a low TM grade, it signals that the market is likely to be in a bearish regime. In addition, Figure 3 below shows our breakout indicator applied on the top 100 coins. The red clouds signifies that we have many more coins breaking below support than coins breaking above resistance, which also signifies a bearish environment.

We can see from Figure 2 that the TM market indicator is still bearish on the total market since the $2.75 trillion level, as we still have more coins with low TM grades in the top 100 coins by market cap. In fact, 97 out of the top 100 coins by market cap have a bearish grade below 40. In addition, Figure 3 shows that almost all coins in the top 100 have broken below their short-term support levels, confirming the bearish trend.

Figure 2: TM Grade Market Indicator

Data as of 01/24/2021 – Past performance is not indicative of future performance

Figure 3: TM Breakout Market Indicator

Data as of 01/24/2021 – Past performance is not indicative of future performance

TM Performance

Although most TM indices had big allocations to stablecoins and gold-pegged coins, the weekly performance was negative during this correction period, especially for low-cap indices. As the TM indices are long-only, none of the indices had weekly gains, however the diversification to stablecoins reduced the overall losses, with indices like the FTX Daily High-Cap index being down 8% over the week.

To be able to analyze the performance of the TM indices on a daily basis, the new Daily Return feature on the indices page on TokenMetrics.com provides an overview of the daily returns of the indices. As shown in Figure 4 below, users can see day-by-day how the index is performing, with green bars indicating a positive daily gain, and red bars indicating a negative loss for the day.

Figure 4: Daily Returns of Indices

Data as of 01/24/2021 – Past performance is not indicative of future performance

TM Visual Trend Indicator

The visual trend indicator on TokenMetrics.com is a tool to identify the reigning price momentum for individual coins based on technical analysis. It is a good risk management tool as it turns bearish during market downturns and bullish during strong bull trends. The plots shown in Figure 5 below show the indicator for BTC, ADA, and DOT, and the table in Figure 6 shows the performance of this indicator on the top 10 cryptocurrencies (excluding stablecoins).

Figure 5: Visual Trend Indicator for BTC, ETH, ADA, and DOT

Bitcoin

Ethereum

Cardano
Polkadot

Data as of 01/24/2021 – Past performance is not indicative of future performance

Figure 6: Visual Trend Indicator on top 10

CoinSignalPrice at SignalCurrent PriceSavings/Losses
BTCBearish56,20035,40037%
ETHBearish4,1402,40042%
BNBBearish56037034%
ADABearish2.131.0849%
XRPBearish1.10.6144%
SOLBearish1909251%
LUNABearish6566-1%
DOTBearish411856%
DOGEBearish0.230.1343%
AVAXBearish87.462.128%

Data as of 01/24/2021 – Past performance is not indicative of future performance

TM Grade

The TM grade is a great tool to identify coins that have strong bullish momentum. Given that the entire market went through a deep correction, the TM grade flagged stablecoins and gold-pegged coins. Shown in Figure 7 below are the top five coins that had a high TM grade and a good ROI up to today.

Figure 7: Top Performers by TM Grade

CoinTM GradeDate of GradeROI
Tether Gold9301/170.8%
Pax Gold8501/170.9%
cUSDC9301/170%
cDAI8201/170%
Axia Coin8701/170.9%

Data as of 01/24/2021 – Past performance is not indicative of future performance

Looking ahead

Looking at the current indices allocation, we can also see that the most popular coin recommended by the AI this week is Pax Gold. Other popular coins in the TM indices currently are Bitcoin, Cosmos, Wirex, and Kyber Network.

Tags: Freelearn
The Token Metrics Team

The Token Metrics Team

Token Metrics is an AI-driven cryptocurrency research and analytics platform.

Related Posts

Help

Market Landing Page Tutorial

January 6, 2023
NFT Grade
News and Thought Leadership

Introducing Token Metrics NFT Grade

August 18, 2022
Token Metrics Research
News and Thought Leadership

Introducing Token Metrics Research

July 9, 2022
Next Post
6 Best Bitcoin Charts To Watch After This Crash

6 Best Bitcoin Charts To Watch After This Crash

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

COMPANY

  • About Us
  • Contact Us
  • Privacy Policy
  • Sitemap

7600 Chevy Chase Drive, Suite 300, Austin, Texas, 78752, USA
Email: info@tokenmetrics.com | Tel: +1-888-908-6536

DISCLAIMER

Token Metrics Media LLC is a regular publication of information, analysis, and commentary focused especially on blockchain technology and business, cryptocurrency, blockchain-based tokens, market trends, and trading strategies.

Token Metrics Media LLC does not provide individually tailored investment advice and does not take a subscriber’s or anyone’s personal circumstances into consideration when discussing investments; nor is Token Metrics Advisers LLC registered as an investment adviser or broker-dealer in any jurisdiction.

Information contained herein is not an offer or solicitation to buy, hold, or sell any security. The Token Metrics team has advised and invested in many blockchain companies. A complete list of their advisory roles and current holdings can be viewed here: https://tokenmetrics.com/disclosures/

Token Metrics Media LLC relies on information from various sources believed to be reliable, including clients and third parties, but cannot guarantee the accuracy and completeness of that information. Additionally, Token Metrics Media LLC does not provide tax advice, and investors are encouraged to consult with their personal tax advisors.

All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Ratings and price predictions are provided for informational and illustrative purposes, and may not reflect actual future performance.

Copyright © 2022 - Token Metrics - All Rights Reserved

No Result
View All Result
  • Learn
    • Crypto Basics
    • Weekly Performance
  • Market Analysis
    • Market Update
    • Price Prediction
    • Market Navigator
  • Deep Dive
  • Hidden Gems
    • DeFi
    • Gaming and Metaverse
    • NFTs
  • Code Reviews
  • Reports
    • Altcoin Quaterly
    • Moon Awards
    • News and Thought Leadership
  • TV

Copyright © 2022 Token Metrics All Rights Reserved