fbpx
Tag

ETH Archives - Coinscious

Coinscious Market Report - September 2, 2019 - ETC, BTG

Ethereum Classic (ETC) Defies Bear Market & Beats Bitcoin

By | Coinscious Lab, Data Analytics, Market Report | No Comments

Overview

Released bi-weekly, this report aims to identify broad trends in the cryptocurrency market. In order to reflect the latest developments in this fast-paced and volatile market, the reports plan to focus on metrics derived from a 30-day rolling window of data, this time from August 3, 2019 to September 1, 2019. ethereum classic

Our universe of analysis includes 50 of some of the most widely used and traded cryptocurrencies. Please see Appendix A for the complete list. ethereum classic

Analysis

The performance of major cryptocurrencies over the past month was bad, with only 6 out of the 50 cryptocurrencies that we examined up from their values 30 days ago. Bitcoin (BTC), the largest cryptocurrency by market capitalization, is currently trading at $9900 at the time of writing, having oscillated between $10525 and $9775 last week. ETC

Outside of cryptocurrencies, the S&P 500 is down -1.76% from 30 days ago and closed last Friday at $292.37.

Figure 1 presents the risk versus return trade-off over the past 30 days by plotting mean daily return versus historical daily volatility for various cryptocurrencies. 

Figure 1. Plot of mean daily return against historical daily volatility for individual cryptocurrencies from August 3, 2019 to September 1, 2019. Higher returns at a given level of risk, measured through historical daily volatility, indicates a better investment.

Ethereum Classic ETC - Risk Return - September 1, 2019

The best performer overall over the past month was Ethereum Classic (ETC), with a total return of 6.59%. Ethereum Classic is a hard fork of Ethereum having consistently more efficient value transfers and a focus on IoT applications. Ethereum Classic also had the second highest Sharpe ratio of the cryptocurrencies analyzed, beat only by MakerDAO’s stablecoin (DAI). 

The second and third best performing cryptocurrencies were Paxos Standard (PAX) and TrueUSD (TUSD) – both stablecoins – with total returns of 0.19% and 0.11%, respectively. 

Bitcoin Gold (BTG) was the worst performing cryptocurrency, with total losses of 40.37%. Bitcoin Gold is a hard fork of Bitcoin and will be delisted from Bittrex this mid-September. The second and third worst performing cryptocurrencies were MonaCoin (MONA) and Litecoin (LTC), with total losses of 35.39% and 32.83%, respectively.

Figure 2a. Mean daily returns, historical daily volatility, total returns, and ex-post Sharpe ratio for each of the five cryptocurrencies with the highest total returns from August 3, 2019 to September 1, 2019. More positive Sharpe ratios are more desirable. The Sharpe ratio is calculated with the 10 year US Treasury bill rate as the annual risk-free rate. 

ETC, DAI, PAX, TUSD, USDC - Mean daily returns, historical daily volatility, total returns, and ex-post Sharpe ratio for each of the five cryptocurrencies with the highest total returns from August 3, 2019 to September 1, 2019

Figure 2b. Mean daily returns, historical daily volatility, total returns, and ex-post Sharpe ratio for each of the five cryptocurrencies with the lowest total returns from August 3, 2019 to September 1, 2019. More positive Sharpe ratios are more desirable. The Sharpe ratio is calculated with the 10 year US Treasury bill rate as the annual risk-free rate. Bitcoin

BTG, MONA, LTC, BTM, ZEC - Mean daily returns, historical daily volatility, total returns, and ex-post Sharpe ratio for each of the five cryptocurrencies with the lowest total returns from August 3, 2019 to September 1, 2019.

Figure 3 plots daily candlesticks of the prices of Bitcoin (BTC), Ether (ETH) and XRP (XRP), the three largest cryptocurrencies by market capitalization. In addition, the following commonly used technical analysis indicators are shown:

  • Simple moving averages (SMA) with periods of 50, 100, and 200 days
  • Relative strength index (RSI) with a period of 14 days
  • Moving average convergence divergence (MACD) with a fast EMA period of 12 days, slow EMA period of 26 days, and a signal period of 9 days

The 50-day simple moving averages for Bitcoin is above the 100-day moving average. Ether had a crossover from above to below before mid-August while XRP remained below throughout the month. This indicates a short-lived bullish market at the beginning of August, but overall ending with a bearish signal. 

The RSI values of Bitcoin briefly increased to high 60’s but dipped below again. Both RSI values for Ether and XRP oscillated between 30-50’s – neither overbought nor oversold – for the entire past 30 days.

For all top three cryptocurrencies, the MACD line crossed below the MACD signal line towards mid-August. This is known as a bearish crossover and could be interpreted as a short-lived bearish signal. ethereum classic

Figure 3a. Price of Bitcoin (BTC) in USD at Bitstamp from August 3, 2019 to September 1, 2019.

Price of Bitcoin (BTC) in USD at Bitstamp from August 3, 2019 to September 1, 2019.

Figure 3b. Price of Ether (ETH) in USD at Bitstamp from July 7, 2019 to August 4, 2019. ETC

Price of Ether (ETH) in USD at Bitstamp from August 3, 2019 to September 1, 2019.

Figure 3c. Price of XRP (XRP) at Bitstamp in USD from July 7, 2019 to August 4, 2019.

Price of XRP (XRP) at Bitstamp in USD from August 3, 2019 to September 1, 2019.

APPENDIX A: Cryptocurrencies

Below is a complete list of all cryptocurrencies examined in this market report. In addition, we present the mean daily returns, historical daily volatility, total returns, and ex-post Sharpe ratio for each cryptocurrency from August 3, 2019 to September 1, 2019. More positive Sharpe ratios are more desirable. The Sharpe ratio is calculated with the 10 year US Treasury bill rate as the annual risk-free rate.

Cryptocurrencies - Mean daily returns, historical daily volatility, total returns, and ex-post Sharpe ratio for each cryptocurrency from August 3, 2019 to September 1, 2019. - ETC
mean daily returns, historical daily volatility, total returns, and ex-post Sharpe ratio for each cryptocurrency from August 3, 2019 to September 1, 2019. - ETC, XRP

APPENDIX B: Methodology

The daily price data of cryptocurrencies in USD at 4:00 PM EST from August 3, 2019 to September 1, 2019 was used for our calculations. ETC

The prices are the volume weighted average price of the cryptocurrency in USD at 4:00 PM EST each day across all exchanges where Coinscious has data. The only exception is Siacoin (SC), where we used the Yahoo Finance price instead due to data quality issues at the time of writing.

Daily closing price data of the S&P 500 index was obtained from Yahoo Finance. The latest 10 year US Treasury bill rate from YCharts was used for calculations involving a risk-free rate.

In subsequent reports, we may update our universe, sectors, methodology, and analysis to reflect new developments.

APPENDIX C: Terminology

  • Volatility: A measure of the dispersion in the trading price of an instrument over a certain period of time, defined as the standard deviation of an instrument’s returns.
  • Sharpe ratio: A risk adjusted measure of return that describes the reward per unit of risk. The reward is the average excess returns of an investment against a benchmark or risk-free rate of return, and the risk is the standard deviation of the excess returns. A higher Sharpe ratio is better. Ex-ante Sharpe ratio is calculated with expected returns whereas ex-post Sharpe ratio is calculated with realized historical returns.

Disclaimer

The information contained herein is for informational purposes only and is not intended as a research report or investment advice. It should not be construed as Coinscious recommending investment in cryptocurrencies or other products or services, or as a solicitation to buy or sell any security or engage in a particular investment strategy. Investment in the crypto market entails substantial risk. Before acting on any information, you should consider whether it is suitable for your particular circumstances and consult all available material, and, if necessary, seek professional advice.

Coinscious and its partners, directors, shareholders and employees may have a position in entities referred to herein or may make purchases and/or sales from time to time, or they may act, or may have acted in the past, as an advisor to certain companies mentioned herein and may receive, or may have received, a remuneration for their services from those companies.

Neither Coinscious or its partners, directors, shareholders or employees shall be liable for any damage, expense or other loss that you may incur out of reliance on any information contained in this report. ethereum classic

TERMINAL

Coinscious Terminal: real-time analytics on the top 100 coins/tokens, 18 mainstream crypto exchanges, and top technical trading indicators. Bitcoin

SIGN-UP FREE:  MARKET DATA API  |  ALERT API 

Cryptocurrency Market Data: Supported Exchanges, Tokens, Trading Pairs

Market Data: Supported Exchanges, Tokens & Trading Pairs

By | Cryptocurrency, Market Data | No Comments

Coinscious provides data on various cryptocurrency exchanges, tokens, and trading pairs. To see whether the data you require is available, you can conveniently check through the following three endpoints in our Market Data API.

Supported Exchanges

  • A complete list of exchanges supported by Coinscious can be obtained by sending a GET request to the endpoint: https://api.coinscious.org/exchanges.
  • In addition to the names, you will also receive additional information such as their execution fees, withdrawal fees, and margin funding requirements.

Shell Example

Python Example

Java Example

Supported Tokens

  • A complete list of tokens supported by Coinscious can be obtained by sending a GET request to the endpoint https://api.coinscious.org/tokens.
  • The returned data will contain the symbol, English, and Chinese name of all cryptocurrencies.

Shell Example

Python Example

Java Example

Supported Trading Pairs

Shell Example

Python Example

Java Example

Resources

Links

Data Services 

MARKET DATA API: The most accurate and comprehensive raw crypto market VWAP, OHLCV, trade and order book data. Our data services enable retail and institutional investors easy access to historical and live stream, gapless data with only 100 millisecond latency. Subscribe Now

ALERT API: Fast, real-time alerts to capture more trade opportunities. Track price, volume & trend changes in mainstream crypto markets, and monitor big monetary movements on blockchain data. Subscribe Now

Terminal

COINSCIOUS TERMINAL: real-time analytics on the top 100 coins/tokens, 18 mainstream crypto exchanges, and top technical trading indicators. Access now.

Disclaimer

The information contained herein is for informational purposes only and is not intended as a research report or investment advice. It should not be construed as Coinscious recommending investment in cryptocurrencies or other products or services, or as a solicitation to buy or sell any security or engage in a particular investment strategy. Investment in the crypto market entails substantial risk. Before acting on any information, you should consider whether it is suitable for your particular circumstances and consult all available material, and, if necessary, seek professional advice.

Coinscious and its partners, directors, shareholders and employees may have a position in entities referred to herein or may make purchases and/or sales from time to time, or they may act, or may have acted in the past, as an advisor to certain companies mentioned herein and may receive, or may have received, a remuneration for their services from those companies.

Neither Coinscious or its partners, directors, shareholders or employees shall be liable for any damage, expense or other loss that you may incur out of reliance on any information contained in this report. 

Cryptocurrency Market Data: Live Stream Trade Data

Market Data: Live Stream Trade Data

By | Cryptocurrency, Market Data | No Comments

What Is Trade Data?

  • Trade data is information about a cryptocurrency trade that was transacted. This data includes the price, amount, cryptocurrency exchange where it occurred, and time when it occurred.

How To Obtain Live Stream Trade Data?

  • Coinscious provides trade data specific to a trading pair and exchange in a live stream format through our WebSocket Market Data API.
  • To subscribe to the data, send { subscribe: “trade”, msg: {exchange: <exchange>, pair: <pair>} }, and to unsubscribe, send { unsubscribe: “trade”,msg: {exchange: <exchange>, pair: <pair>} }. Once you are subscribed, you will receive real-time information about trades as they happen until you unsubscribe. 
Name Required Type Description
exchange Yes string Exchanges supported
pair Yes string Token Pair supported

Python Example

Java Example

Resources

Links

Data Services 

MARKET DATA API: The most accurate and comprehensive raw crypto market VWAP, OHLCV, trade and order book data. Our data services enable retail and institutional investors easy access to historical and live stream, gapless data with only 100 millisecond latency. Subscribe Now

ALERT API: Fast, real-time alerts to capture more trade opportunities. Track price, volume & trend changes in mainstream crypto markets, and monitor big monetary movements on blockchain data. Subscribe Now

Terminal

COINSCIOUS TERMINAL: real-time analytics on the top 100 coins/tokens, 18 mainstream crypto exchanges, and top technical trading indicators. Access now.

Disclaimer

The information contained herein is for informational purposes only and is not intended as a research report or investment advice. It should not be construed as Coinscious recommending investment in cryptocurrencies or other products or services, or as a solicitation to buy or sell any security or engage in a particular investment strategy. Investment in the crypto market entails substantial risk. Before acting on any information, you should consider whether it is suitable for your particular circumstances and consult all available material, and, if necessary, seek professional advice.

Coinscious and its partners, directors, shareholders and employees may have a position in entities referred to herein or may make purchases and/or sales from time to time, or they may act, or may have acted in the past, as an advisor to certain companies mentioned herein and may receive, or may have received, a remuneration for their services from those companies.

Neither Coinscious or its partners, directors, shareholders or employees shall be liable for any damage, expense or other loss that you may incur out of reliance on any information contained in this report. 

Cryptocurrency Market Data: Live Stream Order Book

Market Data: Live Stream Order Book

By | Cryptocurrency, Market Data | No Comments

What Are Order Books?

  • Limit order books are electronic lists of open buy and sell orders for a specific asset.
  • Order books list the bids and asks available at each price level.
  • They are arranged with the best offered prices at the top, meaning the lowest ask limit order prices will be at the top of the ask order book, and the highest bid limit prices will be at the top of the bid order book.

Why Use Order Books?

  • Order book data is valuable as it can reveal more information about the market than simply looking at the last traded price or the mid-price.
  • For instance, order books can tell you about what prices other people in the market are willing to buy and sell at, and the relative amount can indicate whether it will be easier for the price to move up or down.

How To Obtain Order Book Data?

  • Coinscious provides order book data specific to a trading pair and exchange in a live stream format through our WebSocket Market Data API.
  • To subscribe to the data, send { subscribe: <subscribe>, msg: {exchange: <exchange>, pair: <pair>} }, and to unsubscribe, send { unsubscribe: <subscribe>,msg: {exchange: <exchange>, pair: <pair>} }. Once you are subscribed, you will receive real-time information about the order book as they change over time until you unsubscribe.
  • In addition to specifying the cryptocurrency trading pair and the exchange, there is also a <subscribe> parameter. The <subscribe> parameter can take multiple values and controls the types of order book data that you will receive.
  • orderbook5, orderbook10, orderbook20 modes are limit order books that respectively provide the top 5, 10, and 20 asks or bids of an order book.
  • snapshot and orderbookStream modes provide Level 2 order book data. snapshot is the full order book that includes every price level and amount at each timestep, whereas orderbookStream provides streamed data in the form of operations to be applied to the previous timestep’s order book.
  • orderbookL3 and orderbookL3Stream modes both provides the original depth of market data from exchanges, and are the snapshot and streamed versions of the data, respectively.
Name Required Type Description
subscribe Yes string orderbook mode, value supported: orderbook, orderbook5, orderbook10, orderbook20, orderbookStream, orderbookL3, orderbookL3Stream
unsubscribe Yes string orderbook mode, value supported: orderbook, orderbook5, orderbook10, orderbook20, orderbookStream, orderbookL3, orderbookL3Stream
exchange Yes string Exchanges supported
pair Yes string Token Pair supported

Python Example

Java Example

Resources

Links

Data Services 

MARKET DATA API: The most accurate and comprehensive raw crypto market VWAP, OHLCV, trade and order book data. Our data services enable retail and institutional investors easy access to historical and live stream, gapless data with only 100 millisecond latency. Subscribe Now

ALERT API: Fast, real-time alerts to capture more trade opportunities. Track price, volume & trend changes in mainstream crypto markets, and monitor big monetary movements on blockchain data. Subscribe Now

Terminal

COINSCIOUS TERMINAL: real-time analytics on the top 100 coins/tokens, 18 mainstream crypto exchanges, and top technical trading indicators. Access now.

Disclaimer

The information contained herein is for informational purposes only and is not intended as a research report or investment advice. It should not be construed as Coinscious recommending investment in cryptocurrencies or other products or services, or as a solicitation to buy or sell any security or engage in a particular investment strategy. Investment in the crypto market entails substantial risk. Before acting on any information, you should consider whether it is suitable for your particular circumstances and consult all available material, and, if necessary, seek professional advice.

Coinscious and its partners, directors, shareholders and employees may have a position in entities referred to herein or may make purchases and/or sales from time to time, or they may act, or may have acted in the past, as an advisor to certain companies mentioned herein and may receive, or may have received, a remuneration for their services from those companies.

Neither Coinscious or its partners, directors, shareholders or employees shall be liable for any damage, expense or other loss that you may incur out of reliance on any information contained in this report. 

Coinscious Cryptocurrency Market Report - August 19, 2019

Tezos Triumphs As 90% of Major Cryptocurrencies See Losses

By | Coinscious Lab, Data Analytics, Market Report | No Comments

Overview

Released bi-weekly, this report aims to identify broad trends in the cryptocurrency market. In order to reflect the latest developments in this fast-paced and volatile market, the reports plan to focus on metrics derived from a 30-day rolling window of data, this time from July 20, 2019 to August 18, 2019.

Our universe of analysis includes 50 of some of the most widely used and traded cryptocurrencies. Please see Appendix A for the complete list.

Analysis

The performance of major cryptocurrencies over the past month was mostly bad – only 5 out of the 50 cryptocurrencies that we examined are up from their values 30 days ago. Bitcoin (BTC), the largest cryptocurrency by market capitalization, is currently trading slightly above $10300 at the time of writing, and traded between $9500 and $12000 last month.

Outside of cryptocurrencies, the S&P 500 is down 2.95% from 30 days ago and closed last Friday at $2888.86.

Figure 1 presents the risk versus return trade-off over the past 30 days by plotting mean daily return versus historical daily volatility for various cryptocurrencies. 

Figure 1. Plot of mean daily return against historical daily volatility for individual cryptocurrencies from July 20, 2019 to August 18, 2019. Higher returns at a given level of risk, measured through historical daily volatility, indicates a better investment.

Tezos - Risk Return - August 19, 2019

The best performer overall over the past month was Tezos (XTZ), with a total return of 19.10%. Tezos is a self-amending proof-of-work dApp platform with built in mechanisms designed to remove the need to hard fork when implementing protocol amendments.

The second and third best performing cryptocurrencies were Huobi Token (HT) and IOST (IOST), with total returns of 11.92% and 7.43% respectively. 

Bitcoin Gold (BTG) was the worst performing cryptocurrency, with total losses of 50.77%. Bitcoin Gold is a fork of Bitcoin created in August 2017, aimed at fixing the perceived issue of miner centralization in the original Bitcoin.

The second and third worst performing cryptocurrencies were Bytom (BTM) and Tronix (TRX) with total losses of 42.83%  and 40.79% respectively.

Figure 2a. Mean daily returns, historical daily volatility, total returns, and ex-post Sharpe ratio for each of the five cryptocurrencies with the highest total returns from July 20, 2019 to August 18, 2019. More positive Sharpe ratios are more desirable. The Sharpe ratio is calculated with the 10 year US Treasury bill rate as the annual risk-free rate.

XTZ, HT, IOST, TUSD, USDC - Cryptocurrencies Return, Volatility, Sharpe Ratio

Figure 2b. Mean daily returns, historical daily volatility, total returns, and ex-post Sharpe ratio for each of the five cryptocurrencies with the lowest total returns from July 20, 2019 to August 18, 2019 More positive Sharpe ratios are more desirable. The Sharpe ratio is calculated with the 10 year US Treasury bill rate as the annual risk-free rate.

BTG, BTM, TRX, KMD, ZEC - Cryptocurrencies Return, Volatility, Sharpe Ratio

Figure 3 plots daily candlesticks of the prices of Bitcoin (BTC), Ether (ETH) and XRP (XRP), the three largest cryptocurrencies by market capitalization. In addition, the following commonly used technical analysis indicators are shown:

  • Simple moving averages (SMA) with periods of 50, 100, and 200 days
  • Relative strength index (RSI) with a period of 14 days
  • Moving average convergence divergence (MACD) with a fast EMA period of 12 days, slow EMA period of 26 days, and a signal period of 9 days

The 50-day simple moving averages for Bitcoin continue to stay above the 100-day moving averages, a continuation of a long-term bullish signal. However, Ether and XRP’s moving averages showed a long-term bearish signal, with the 50-day moving average below the 100-day moving average.

The RSI for Bitcoin, Ether, and XRP are between 30 and 70; neither overbought or oversold. XRP briefly dipped into oversold territory a couple days ago but has since bounced back.

For all top three cryptocurrencies, the MACD line is below the MACD signal line. However, the histograms shows the gap decreasing, and the MACD lines may cross the MACD signal lines soon, which would be a bullish signal.

Figure 3a. Price of Bitcoin (BTC) in USD at Bitstamp from July 20, 2019 to August 18, 2019.

Figure 3a. Price of Bitcoin (BTC) in USD at Bitstamp from July 20, 2019 to August 18, 2019.

Figure 3b. Price of Ether (ETH) in USD at Bitstamp from July 20, 2019 to August 18, 2019.

Figure 3b. Price of Ether (ETH) in USD at Bitstamp from July 20, 2019 to August 18, 2019.

Figure 3c. Price of XRP (XRP) at Bitstamp in USD from July 20, 2019 to August 18, 2019.

Figure 3c. Price of XRP (XRP) at Bitstamp in USD from July 20, 2019 to August 18, 2019.

APPENDIX A: Cryptocurrencies

Below is a complete list of all cryptocurrencies examined in this market report. In addition, we present the mean daily returns, historical daily volatility, total returns, and ex-post Sharpe ratio for each cryptocurrency from July 20, 2019 to August 18, 2019. More positive Sharpe ratios are more desirable. The Sharpe ratio is calculated with the 10 year US Treasury bill rate as the annual risk-free rate.

Cryptocurrency List - August 19, 2019
Cryptocurrency List - August 19, 2019 - Tezos

APPENDIX B: Methodology

The daily price data of cryptocurrencies in USD at 4:00 PM EST from July 20, 2019 to August 18, 2019 was used for our calculations.

The prices are the volume weighted average price of the cryptocurrency in USD at 4:00 PM EST each day across all exchanges where Coinscious has data. The only exception is Siacoin (SC), where we used the Yahoo Finance price instead due to data quality issues at the time of writing.

Daily closing price data of the S&P 500 index was obtained from Yahoo Finance. The latest 10 year US Treasury bill rate from YCharts was used for calculations involving a risk-free rate.In subsequent reports, we may update our universe, sectors, methodology, and analysis to reflect new developments.

APPENDIX C: Terminology

  • Volatility: A measure of the dispersion in the trading price of an instrument over a certain period of time, defined as the standard deviation of an instrument’s returns.
  • Sharpe ratio: A risk adjusted measure of return that describes the reward per unit of risk. The reward is the average excess returns of an investment against a benchmark or risk-free rate of return, and the risk is the standard deviation of the excess returns. A higher Sharpe ratio is better. Ex-ante Sharpe ratio is calculated with expected returns whereas ex-post Sharpe ratio is calculated with realized historical returns.

Disclaimer

The information contained herein is for informational purposes only and is not intended as a research report or investment advice. It should not be construed as Coinscious recommending investment in cryptocurrencies or other products or services, or as a solicitation to buy or sell any security or engage in a particular investment strategy. Investment in the crypto market entails substantial risk. Before acting on any information, you should consider whether it is suitable for your particular circumstances and consult all available material, and, if necessary, seek professional advice.

Coinscious and its partners, directors, shareholders and employees may have a position in entities referred to herein or may make purchases and/or sales from time to time, or they may act, or may have acted in the past, as an advisor to certain companies mentioned herein and may receive, or may have received, a remuneration for their services from those companies.

Neither Coinscious or its partners, directors, shareholders or employees shall be liable for any damage, expense or other loss that you may incur out of reliance on any information contained in this report. Bitcoin

TERMINAL

Coinscious Terminal: real-time analytics on the top 100 coins/tokens, 18 mainstream crypto exchanges, and top technical trading indicators. Bitcoin

SIGN-UP FREE:  MARKET DATA API  |  ALERT API  

Cryptocurrency Market Data: Exchange VWAP

Market Data: Exchange VWAP

By | Cryptocurrency, Market Data | No Comments

What Is VWAP Data?

  • VWAP data is a form of cryptocurrency market data and stands for volume weighted average price. 
  • VWAP is the average price of an asset within an interval, and this average is calculated by weighing the prices proportionally to the volume traded at that price.

How To Obtain Exchange VWAP Data?

  • Coinscious provides Exchange VWAP data for a variety of exchanges and trading pairs, as well as for intervals ranging from one minute to one day.
  • The exchange VWAP endpoint provides the VWAP of a specific trading pair on a single exchange.
  • This is different from the VWAP data endpoint, which provides the price of a cryptocurrency across multiple exchanges and markets and is denominated in a fiat currency. Learn more about our VWAP data: here.
  • Exchange VWAP data can be obtained from our Market Data API by making a GET request to the endpoint  https://api.coinscious.org/exchange-vwap/{exchange}/{pair}. 
  • Optional parameters that can be included include the interval, start and end times, and limit. For instance, if you want the ETH/BTC VWAP at Binance at one minute intervals, then you would make a GET request to this url: https://api.coinscious.org/exchange-vwap/binance/eth_btc?interval=1m
Name Required Type Description
exchange Yes string Exchanges supported
pair Yes string Token Pair supported
interval No string Interval and limit
start No timestamp
end No timestamp
limit No integer Interval and limit

Shell Example

Python Example

Java Example

Resources

Data Services 

MARKET DATA API: The most accurate and comprehensive raw crypto market VWAP, OHLCV, trade and order book data. Our data services enable retail and institutional investors easy access to historical and live stream, gapless data with only 100 millisecond latency. Subscribe Now

ALERT API: Fast, real-time alerts to capture more trade opportunities. Track price, volume & trend changes in mainstream crypto markets, and monitor big monetary movements on blockchain data. Subscribe Now

Terminal

COINSCIOUS TERMINAL: real-time analytics on the top 100 coins/tokens, 18 mainstream crypto exchanges, and top technical trading indicators. Access now.

Disclaimer

The information contained herein is for informational purposes only and is not intended as a research report or investment advice. It should not be construed as Coinscious recommending investment in cryptocurrencies or other products or services, or as a solicitation to buy or sell any security or engage in a particular investment strategy. Investment in the crypto market entails substantial risk. Before acting on any information, you should consider whether it is suitable for your particular circumstances and consult all available material, and, if necessary, seek professional advice.

Coinscious and its partners, directors, shareholders and employees may have a position in entities referred to herein or may make purchases and/or sales from time to time, or they may act, or may have acted in the past, as an advisor to certain companies mentioned herein and may receive, or may have received, a remuneration for their services from those companies.

Neither Coinscious or its partners, directors, shareholders or employees shall be liable for any damage, expense or other loss that you may incur out of reliance on any information contained in this report. 

Cryptocurrency Market Data: VWAP

Market Data: VWAP

By | Cryptocurrency, Market Data | No Comments

What Is VWAP Data?

  • VWAP data is a form of cryptocurrency market data and stands for volume weighted average price. 
  • VWAP is the average price of an asset within an interval, and this average is calculated by weighing the prices proportionally to the volume traded at that price.

How To Obtain VWAP Data?

  • Coinscious provides VWAP data for a variety of cryptocurrencies for intervals ranging from one minute to one day, as well as denominated in various fiat currencies.
  • The VWAP data endpoint from Coinscious provides the price of a cryptocurrency across multiple exchanges and markets and is denominated in a fiat currency.
  • This is different from the Exchange VWAP endpoint, which provides the VWAP of a specific trading pair on a single exchange. Learn more about our Exchange VWAP: here.
  • VWAP data can be obtained from our Market Data API by making a GET request to the endpoint: https://api.coinscious.org/vwap/{token}.
  • Optional parameters that can be included include the interval, start and end times, and limit. For instance, if you want the BTC VWAP in Canadian Dollars, then you would make a GET request to this url: https://api.coinscious.org/ohlcv/binance/btc?fiat=CAD.
Name Required Type Description
token Yes string Token supported
fiat No string Fiat Currency supported
interval No string Interval and limit
start No timestamp
end No timestamp
limit No integer Interval and limit

Shell Example

Python Example

Java Example

Resources

Data Services 

MARKET DATA API: The most accurate and comprehensive raw crypto market VWAP, OHLCV, trade and order book data. Our data services enable retail and institutional investors easy access to historical and live stream, gapless data with only 100 millisecond latency. Subscribe Now

ALERT API: Fast, real-time alerts to capture more trade opportunities. Track price, volume & trend changes in mainstream crypto markets, and monitor big monetary movements on blockchain data. Subscribe Now

Terminal

COINSCIOUS TERMINAL: real-time analytics on the top 100 coins/tokens, 18 mainstream crypto exchanges, and top technical trading indicators. Access now.

Disclaimer

The information contained herein is for informational purposes only and is not intended as a research report or investment advice. It should not be construed as Coinscious recommending investment in cryptocurrencies or other products or services, or as a solicitation to buy or sell any security or engage in a particular investment strategy. Investment in the crypto market entails substantial risk. Before acting on any information, you should consider whether it is suitable for your particular circumstances and consult all available material, and, if necessary, seek professional advice.

Coinscious and its partners, directors, shareholders and employees may have a position in entities referred to herein or may make purchases and/or sales from time to time, or they may act, or may have acted in the past, as an advisor to certain companies mentioned herein and may receive, or may have received, a remuneration for their services from those companies.

Neither Coinscious or its partners, directors, shareholders or employees shall be liable for any damage, expense or other loss that you may incur out of reliance on any information contained in this report. 

Coinscious Cryptocurrency Market Report - August 5, 2019

Bitcoin Climbs Amid Altcoins’ Failed Recovery

By | Coinscious Lab, Data Analytics, Market Report | No Comments

Overview

Released bi-weekly, this report aims to identify broad trends in the cryptocurrency market. In order to reflect the latest developments in this fast-paced and volatile market, the reports plan to focus on metrics derived from a 30-day rolling window of data, this time from July 7, 2019 to August 4, 2019. Bitcoin

Our universe of analysis includes 50 of some of the most widely used and traded cryptocurrencies. Please see Appendix A for the complete list. 

Analysis

The performance of major cryptocurrencies over the past month was mostly bad – only 6 out of the 50 cryptocurrencies that we examined are up from their values 30 days ago. Bitcoin (BTC), the largest cryptocurrency by market capitalization, is currently trading slightly above $11000 at the time of writing, and traded between $9500 and $13000 last month. BTC has made steady gains over the past six consecutive days.

Outside of cryptocurrencies, the S&P 500 is down 1.95% from 30 days ago and closed last Friday at $2932.05.

Figure 1 presents the risk versus return trade-off over the past 30 days by plotting mean daily return versus historical daily volatility for various cryptocurrencies. 

Figure 1. Plot of mean daily return against historical daily volatility for individual cryptocurrencies from July 7, 2019 to August 4, 2019. Higher returns at a given level of risk, measured through historical daily volatility, indicates a better investment.

Bitcoin - Risk Return - August 5, 2019

The best performer overall over the past month was Huobi Token (HT), with a total return of 15.91%. Huobi Token can be used as payment in Huobi, one of the world’s oldest cryptocurrency exchanges. Huobi Token also had the highest Sharpe ratio of the cryptocurrencies analyzed.

The second and third best performing cryptocurrencies were Tezos (XTZ) and THETA (THETA), with total returns of 13.35% and 8.66% respectively. 

HyperCash (HC) was the worst performing cryptocurrency, with total losses of 44.80%. HyperCash is a cryptocurrency designed to facilitate cross-platform transactions.

The second and third worst performing cryptocurrencies were Komodo (KMD) and QTUM (QTUM) with total losses of 38.71%  and 36.82% respectively.

Figure 2a. Mean daily returns, historical daily volatility, total returns, and ex-post Sharpe ratio for each of the five cryptocurrencies with the highest total returns from July 7, 2019 to August 4, 2019. More positive Sharpe ratios are more desirable. The Sharpe ratio is calculated with the 10 year US Treasury bill rate as the annual risk-free rate.

HT, XTZ, THETA, DCR, USDC - Cryptocurrency Positive Returns

Figure 2b. Mean daily returns, historical daily volatility, total returns, and ex-post Sharpe ratio for each of the five cryptocurrencies with the lowest total returns from July 7, 2019 to August 4, 2019 More positive Sharpe ratios are more desirable. The Sharpe ratio is calculated with the 10 year US Treasury bill rate as the annual risk-free rate. Bitcoin

HC, KMD, QTUM, ZEC, OMG - Cryptocurrency Negative Returns

Figure 3 plots daily candlesticks of the prices of Bitcoin (BTC), Ether (ETH) and XRP (XRP), the three largest cryptocurrencies by market capitalization. In addition, the following commonly used technical analysis indicators are shown:

  • Simple moving averages (SMA) with periods of 50, 100, and 200 days
  • Relative strength index (RSI) with a period of 14 days
  • Moving average convergence divergence (MACD) with a fast EMA period of 12 days, slow EMA period of 26 days, and a signal period of 9 days

The 50-day simple moving averages for BTC and ETH continue to stay above the 100-day moving averages, a continuation of a long-term bullish signal. However, XRP’s moving averages showed a long-term bearish signal, with the 50-day moving average very recently crossing below the 100-day moving average.

The RSI for BTC, ETH, and XRP are between 30 and 70; neither overbought or oversold.

For all top three cryptocurrencies, the MACD line is above the MACD signal line and the histogram shows the gap increasing. This can be interpreted as a bullish signal.

Figure 3a. Price of Bitcoin (BTC) in USD at Bitstamp from July 7, 2019 to August 4, 2019.

Figure 3a. Price of Bitcoin (BTC) in USD at Bitstamp from July 7, 2019 to August 4, 2019.

Figure 3b. Price of Ether (ETH) in USD at Bitstamp from July 7, 2019 to August 4, 2019.

Figure 3b. Price of Ether (ETH) in USD at Bitstamp from July 7, 2019 to August 4, 2019.

Figure 3c. Price of XRP (XRP) at Bitstamp in USD from July 7, 2019 to August 4, 2019.

Figure 3a. Price of Bitcoin (BTC) in USD at Bitstamp from July 7, 2019 to August 4, 2019.

APPENDIX A: Cryptocurrencies

Below is a complete list of all cryptocurrencies examined in this market report. In addition, we present the mean daily returns, historical daily volatility, total returns, and ex-post Sharpe ratio for each cryptocurrency from July 7, 2019 to August 4, 2019. More positive Sharpe ratios are more desirable. The Sharpe ratio is calculated with the 10 year US Treasury bill rate as the annual risk-free rate.

Cryptocurrency List - August 5, 2019
Cryptocurrency List - Bitcoin

APPENDIX B: Methodology

The daily price data of cryptocurrencies in USD at 4:00 PM EST from July 7, 2019 to August 4, 2019 was used for our calculations.

The prices are the volume weighted average price of the cryptocurrency in USD at 4:00 PM EST each day across all exchanges where Coinscious has data. The only exception is Siacoin (SC), where we used the Yahoo Finance price instead due to data quality issues at the time of writing.

Daily closing price data of the S&P 500 index was obtained from Yahoo Finance. The latest 10 year US Treasury bill rate from YCharts was used for calculations involving a risk-free rate.

In subsequent reports, we may update our universe, sectors, methodology, and analysis to reflect new developments.

APPENDIX C: Terminology

  • Volatility: A measure of the dispersion in the trading price of an instrument over a certain period of time, defined as the standard deviation of an instrument’s returns.
  • Sharpe ratio: A risk adjusted measure of return that describes the reward per unit of risk. The reward is the average excess returns of an investment against a benchmark or risk-free rate of return, and the risk is the standard deviation of the excess returns. A higher Sharpe ratio is better. Ex-ante Sharpe ratio is calculated with expected returns whereas ex-post Sharpe ratio is calculated with realized historical returns.

Disclaimer

The information contained herein is for informational purposes only and is not intended as a research report or investment advice. It should not be construed as Coinscious recommending investment in cryptocurrencies or other products or services, or as a solicitation to buy or sell any security or engage in a particular investment strategy. Investment in the crypto market entails substantial risk. Before acting on any information, you should consider whether it is suitable for your particular circumstances and consult all available material, and, if necessary, seek professional advice.

Coinscious and its partners, directors, shareholders and employees may have a position in entities referred to herein or may make purchases and/or sales from time to time, or they may act, or may have acted in the past, as an advisor to certain companies mentioned herein and may receive, or may have received, a remuneration for their services from those companies.

Neither Coinscious or its partners, directors, shareholders or employees shall be liable for any damage, expense or other loss that you may incur out of reliance on any information contained in this report. Bitcoin

TERMINAL

Coinscious Terminal: real-time analytics on the top 100 coins/tokens, 18 mainstream crypto exchanges, and top technical trading indicators. Bitcoin

SIGN-UP FREE:  MARKET DATA API  |  ALERT API 

Cryptocurrency Market Data: OHLCV

Market Data: OHLCV

By | Cryptocurrency, Market Data | No Comments

What Is OHLCV Data?

  • OHLCV data is a form of cryptocurrency market data that summarizes the prices within an interval using five data points.
  • OHLCV stands for open, high, low, close, and volume.
  • Open and close data points are the first and last prices in the interval.
  • High and low data points are the highest and lowest prices in the interval.
  • Volume data is the total amount traded over the interval.

How To Obtain OHLCV Data?

Name Required Type Description
exchange Yes string Exchanges supported
pair Yes string Token pair supported
interval No string Interval and limit
start No timestamp
end No timestamp
limit No integer Interval and limit

Shell Example

Python Example

Java Example

Resources

Data Services 

MARKET DATA API: The most accurate and comprehensive raw crypto market VWAP, OHLCV, trade and order book data. Our data services enable retail and institutional investors easy access to historical and live stream, gapless data with only 100 millisecond latency. Subscribe Now

ALERT API: Fast, real-time alerts to capture more trade opportunities. Track price, volume & trend changes in mainstream crypto markets, and monitor big monetary movements on blockchain data. Subscribe Now

Terminal

COINSCIOUS TERMINAL: real-time analytics on the top 100 coins/tokens, 18 mainstream crypto exchanges, and top technical trading indicators. Access now.

Disclaimer

The information contained herein is for informational purposes only and is not intended as a research report or investment advice. It should not be construed as Coinscious recommending investment in cryptocurrencies or other products or services, or as a solicitation to buy or sell any security or engage in a particular investment strategy. Investment in the crypto market entails substantial risk. Before acting on any information, you should consider whether it is suitable for your particular circumstances and consult all available material, and, if necessary, seek professional advice.

Coinscious and its partners, directors, shareholders and employees may have a position in entities referred to herein or may make purchases and/or sales from time to time, or they may act, or may have acted in the past, as an advisor to certain companies mentioned herein and may receive, or may have received, a remuneration for their services from those companies.

Neither Coinscious or its partners, directors, shareholders or employees shall be liable for any damage, expense or other loss that you may incur out of reliance on any information contained in this report. 

June 2019 Cryptocurrency Market Report

June 2019 Cryptocurrency Market Report

By | Advanced Market Report, Coinscious Lab, Data Analytics | No Comments

Overview

June was an exciting month for cryptocurrencies. The price of Bitcoin, the first and largest cryptocurrency by market capitalization, crossed the $9000, $10000, and $11000 mark all in one month. Bitcoin last traded around the $11000 price level in March 2018 during the bear market that followed after peaking in December 2017. This year’s long bear market, dubbed by many as the “crypto winter” appears to be definitively over following cryptocurrency’s steady resurgence and the crossing of these major psychological thresholds by Bitcoin. 

Bitcoin rose 44.41% in June 2019, and most other cryptocurrencies that we analyzed had positive returns as well.

Cryptocurrency Market Developments in June 2019

Various developments related to new cryptocurrencies and blockchain projects may be responsible for the bullishness surrounding cryptocurrencies this month. In particular, these projects are led by high-profile organizations, raising the interest and demand for cryptocurrencies in general, as well as legitimizing the cryptocurrency space to previously unconvinced market participants.

Global risks and uncertainties may also be making cryptocurrencies more popular as a safe haven.

Cryptocurrency Market Developments in June 2019

Performance

Exhibit 1: Monthly returns of cryptocurrencies over the past year.

Cryptocurrency Market - Monthly Returns Over Past Year

Best and Worst Performers

Performance of cryptocurrencies across two different time frames – June 2018 to June 2019, and only June 2019 – are presented below. Cryptocurrencies that had the highest total returns, lowest total returns, and highest Sharpe ratio are highlighted. In addition, other metrics such as rate of return, alpha, and beta (relative to the Bitwise 100) are shown all as daily, non-annualized values.

Exhibit 2: Cryptocurrencies with the highest total returns in June 2019.

Cryptocurrencies with the highest total returns in June 2019.
  • ChainLink (LINK) had the highest total return in June 2019.
  • LINK is a decentralized data oracle designed to provide reliable real-world data inputs for smart contracts.
  • Recent positive developments for the cryptocurrency in June include an article by Google Cloud titled ““Building hybrid blockchain/cloud applications with Ethereum and Google Cloud” that mentioned LINK, and a new listing on cryptocurrency exchange, CoinbasePro.

Exhibit 3: Cryptocurrencies with the lowest total returns in June 2019.

Cryptocurrencies with the lowest total returns in June 2019
  • Tezos (XTZ) had the lowest total return in June 2019.
  • XTZ is a self-amending proof-of-work dApp platform with built-in mechanisms designed to remove the need to hard fork when implementing protocol amendments.

Exhibit 4: Cryptocurrencies with the highest total returns from June 2018 to June 2019.

Cryptocurrencies with the highest total returns from June 2018 to June 2019. 
  • In addition to being the cryptocurrency with the highest total return in the past year, LINK also had the highest total return over the past year. LINK beat out the next best cryptocurrency, Binance Coin (BNB) by a huge order of magnitude.
  • Bitcoin (BTC) was the third best performing cryptocurrency.

Exhibit 5: Cryptocurrencies with the lowest total returns from June 2018 to June 2019.

Cryptocurrencies with the lowest total returns from June 2018 to June 2019.
  • Pundi X (NPXS) had the lowest total return in the past year.
  • NPXS is a token used for payments and settlements. It is also integrated with their own physical point-of-sale devices.

Exhibit 6: Cryptocurrencies with the largest Sharpe Ratios in June 2019.

Cryptocurrencies with the largest Sharpe Ratios in June 2019
  • HyperCash (HC) had the best performance relative to its risk in June 2019 as measured by the Sharpe ratio.
  • HC belongs to an emerging class of cryptocurrencies called “sidechains” which facilitate the transfer of digital assets between other blockchains.

Exhibit 7: Cryptocurrencies with the largest Sharpe Ratios from June 2018 to June 2019.

Cryptocurrencies with the largest Sharpe Ratios from June 2018 to June 2019. 
  • ChainLink (LINK) had the best performance relative to its risk in the past year as measured by the Sharpe ratio.

Risk vs. Return

Mean Daily Return vs. Daily Volatility

Exhibits 8 and 9 present the risk versus return trade-off by plotting mean daily return versus historical daily volatility for various cryptocurrencies. Higher returns at a given level of risk, measured through historical daily volatility, indicate a relatively better investment.

Exhibit 8: Plot of mean daily return against historical daily volatility for individual cryptocurrencies in June 2019.

Cryptocurrencies June 2019 - Mean daily return vs historical daily volatility
  • ChainLink (LINK) had both the highest mean return and volatility overall.
  • The cluster of cryptocurrencies with close to 0% mean returns and volatility are stablecoins, including Tether (USDT), Paxos Standard Token (PAX), TrueUSD (TUSD), and USD Coin (USDC).

Exhibit 9: Plot of mean daily return against historical daily volatility for individual cryptocurrencies from June 2018 to June 2019.

Cryptocurrencies June 2018 to June 2019 - Mean daily return vs historical daily volatility
  • ChainLink (LINK) was identified earlier as having the best Sharpe ratio – here it can be visualized through LINK’s higher mean daily returns compared to other cryptocurrencies with a similar daily volatility.

Value Comparison using CAPM

Previously, we presented a comparison of risk versus return measured by the mean daily volatility and mean daily return, respectively. To build upon the idea of compensating investors sufficiently for a given level of risk, we apply the Capital Asset Pricing Model (CAPM) to determine what is the threshold required return for a cryptocurrency to be worth its risk.

We quantified the systematic risk of individual cryptocurrencies by calculating its beta over the past year. Higher positive betas indicate that the cryptocurrency is more volatile than the market, whereas negative betas indicate that the cryptocurrency moves against the market. The Bitwise 100 cryptocurrency index, a market capitalization weighted index of the top 100 cryptocurrencies, was used as a proxy for the market portfolio in beta calculations.

In Exhibit 10, we plotted individual cryptocurrencies’ beta versus expected return, which was calculated as the daily rate of return using data from June 2018 to June 2019, and assume that historic returns are a sufficiently good measure of future returns. In addition, using the risk-free rate and the expected returns of the Bitwise 100, we constructed a Security Market Line that represents the fair expected return that an investor should be compensated for a cryptocurrency with a given beta.

Using this model, cryptocurrencies above the Security Market Line are theoretically undervalued, and cryptocurrencies below the Security Market Line are overvalued.

Exhibit 10: Plot of the expected return against beta for individual cryptocurrencies and the Security Market Line, calculated with daily returns from June 2018 to June 2019.

Plot of the expected return against beta for individual cryptocurrencies and the Security Market Line, calculated with daily returns from June 2018 to June 2019.
  • Chainlink (LINK) is theoretically the most underpriced and would provide the best value, with its high expected return relative to its systematic risk.
  • Some other cryptocurrencies identified as being underpriced are Bitcoin SV (BSV), Binance Coin (BNB), Bitcoin (BTC), HyperCash (HC), Litecoin (LTC), Dogecoin (DOGE), and Basic Attention Token (BAT).

Correlations

Exhibits 11 to 16 show the overall and rolling 30-day correlation from the past year of the top three cryptocurrencies by market capitalization, the S&P 500 and VIX indices, the Chinese Yuan (CNY) and gold prices.

Correlation measures the linear relationship between two series and can range between -1 and 1. More positive correlations indicate a stronger positive linear relationship while more negative correlations indicate a stronger negative linear relationship. A correlation of 0 or close to 0 indicates little to no linear relationship. 

Exhibit 11: Correlation between BTC, XRP, ETH, VIX, S&P 500, CNY, and gold daily returns from June 2018 to June 2019.

Correlation between BTC, XRP, ETH, VIX, S&P 500, CNY, and gold daily returns from June 2018 to June 2019.
  • The top three cryptocurrencies by market capitalization, Bitcoin (BTC), Ether (ETH), and XRP (XRP), are highly positively correlated with each other.
  • Cryptocurrencies and the S&P 500 are slightly positively correlated.
  • Cryptocurrencies and VIX are slightly negatively correlated.
  • Gold and Bitcoin (BTC), as well as Gold and Ether (ETH) are slightly negatively correlated.
  • CNY has a stronger correlation with XRP (XRP) than with other cryptocurrencies, although it is still a relatively small number.

Exhibit 12: Rolling 30-day correlation between BTC, XRP, ETH daily returns.

Rolling 30-day correlation between BTC, XRP, ETH daily returns.
  • Correlations between the three pairs of cryptocurrencies examined rarely dipped below 0.5.
  • In general, Bitcoin (BTC) and Ether (ETH) were usually more positively correlated than other pairs.

Exhibit 13: Rolling 30-day correlation between BTC, XRP, ETH daily returns and S&P500 daily returns.

Rolling 30-day correlation between BTC, XRP, ETH daily returns and VIX daily returns.

Exhibit 14: Rolling 30-day correlation between BTC, XRP, ETH daily returns and VIX daily returns.

Rolling 30-day correlation between BTC, XRP, ETH daily returns and VIX daily returns.

Exhibit 15: Rolling 30-day correlation between BTC, XRP, ETH daily returns and CNY daily returns.

Rolling 30-day correlation between BTC, XRP, ETH daily returns and CNY daily returns.

Exhibit 16: Rolling 30-day correlation between BTC, XRP, ETH daily returns and gold daily returns.

Rolling 30-day correlation between BTC, XRP, ETH daily returns and gold daily returns.

APPENDIX A: Cryptocurrency Symbols & Names

Below is a complete list of all cryptocurrencies examined in this report as well as their symbol to full name mapping.

Cryptocurrency Symbols and Names

APPENDIX B: Cryptocurrency Distribution Statistics

Below is a complete list of all cryptocurrencies examined in this market report. In addition, we present the mean, standard deviation (volatility), skewness, and kurtosis for each cryptocurrency’s daily returns from June 1, 2019 to June 30, 2019, and from June 30, 2018 to June 30, 2019. 

For cryptocurrencies where data did not reach all the way back to June 30, 2019, statistics were calculated only using as much historical data as was available.

Cryptocurrency Distribution Statistics
Cryptocurrency Distribution Statistics

APPENDIX C: Cryptocurrency Performance Metrics

Below is a complete list of all cryptocurrencies examined in this market report. In addition, we present the mean daily returns, historical daily volatility, total returns, and ex-post Sharpe ratio for each cryptocurrency from June 1, 2019 to June 30, 2019, as well as from June 30, 2018 to June 30, 2019.  Rate of return and Alpha are shown as daily, non-annualized values. Beta is calculated using the Bitwise 100 to represent the market portfolio.

Empty values in the Jun-2018 to Jun-2019 Total Return column indicate that data on the cryptocurrency from June 2018 was not available, hence that metric could not be calculated. Furthermore, for those cryptocurrencies, the remaining metrics were calculated only using as much historical data as was available.

Cryptocurrency Performance Metrics
Cryptocurrency Distribution Statistics

APPENDIX D: Data Sources

Our universe of analysis includes 50 of some of the most widely used and traded cryptocurrencies. Cryptocurrencies were selected on the basis of being in the top 50 cryptocurrencies by market capitalization according to CoinMarketCap data where Coinscious also had USD pricing data.

The daily price data of cryptocurrencies in USD at 4:00 PM EST from June 30, 2018 to June 30, 2019 was used for our calculations.

The prices are the volume weighted average price of the cryptocurrency in USD at 4:00 PM EST each day across all exchanges where Coinscious has data. The only exception is Siacoin (SC), where we used the Yahoo Finance price instead due to data quality issues at the time of writing.

Daily closing price data of the S&P500 index and VIX volatility index was obtained from Yahoo Finance. Bitwise 100 index data was provided by Bitwise Asset Management. The 10-year US Treasury bill rate on June 30, 2018 from YCharts was used for calculations involving a risk-free rate. Chinese Yuan to US Dollar rates were obtained from FRED. Gold prices are the morning gold fixing prices in London at 10:30 am, also obtained from FRED.

Disclaimer

The information contained herein is for informational purposes only and is not intended as a research report or investment advice. It should not be construed as Coinscious recommending investment in cryptocurrencies or other products or services, or as a solicitation to buy or sell any security or engage in a particular investment strategy. Investment in the crypto market entails substantial risk. Before acting on any information, you should consider whether it is suitable for your particular circumstances and consult all available material, and, if necessary, seek professional advice.

Coinscious and its partners, directors, shareholders and employees may have a position in entities referred to herein or may make purchases and/or sales from time to time, or they may act, or may have acted in the past, as an advisor to certain companies mentioned herein and may receive, or may have received, a remuneration for their services from those companies.

Neither Coinscious or its partners, directors, shareholders or employees shall be liable for any damage, expense or other loss that you may incur out of reliance on any information contained in this report. Chainlink

TERMINAL

Coinscious Terminal: real-time analytics on the top 100 coins/tokens, 18 mainstream crypto exchanges, and top technical trading indicators.

SIGN-UP FREE: MARKET DATA API  |  ALERT API