[ANN] Altcoin200 Index - Market weighted price index of 200 altcoins

[hazenyc]

Introducing the Altcoin200 Index

There are a small number of altcoin price indices out there, however many of them are small (10-25 components) and may have complex methodologies that could cause the index to rebalance frequently. This index seeks to simplify the tracking of alt-coin aggregate prices and increase the breadth now that there are many hundreds of alt-coins. This index is fully investable using various cryptocurrency markets and price data is easily available making this a suitable benchmark for altcoin investors or traders.

Index visibility
The index price will be updated daily (or as frequently as possible if longer than daily) via Twitter. @Altcoin200 will tweet the values. For questions or comments & feedback you can email Altcoin200[at]gmail.com

A website complete with graphs, price history and analytics will follow if this gains enough support and traction.

Methodology
The index is comprised of the 200 largest alt-coins by market capitalization, denominated in BTC prices. To keep the index a monitor of truly 'alternate' coins, BTC, LTC, XRP and BitShares are excluded. Crypto-'assets' such as Gems are also excluded. The index composition is listed below.
The index price is calculated as the weighted price (denominated in BTC), multiplied by 1,000.

Rebalancing will occur if component weights exceed +/- 15% of initial weightings and initial weightings will be reset if rebalancing occurs. If a weighting exceeds the band threshold to the downside making it no longer a constituent of the index, a new altcoin will be added to replace it. Weightings will also be rebalanced every 1st of the month even if bands have not been exceeded.
If a new altcoin comes in to existence with a sufficient market capitalization to warrant inclusion in the index, it will be added after 100 days of being listed on a tradable exchange.

*Please note that for now, it has been decided to use market capitalization and not a float-adjusted measure. The reason being is that any pre-mined coins may be offered for sale and exchanged at any time.

If this in any way is helpful, useful or of interest to you, please consider donating: 1DaU6hDhxzveN7EoVDdywyfG7JX1D6j5Pz

Symbol|%age Weight
DOGE   11.5716%
STR   10.8112%
XPY   10.8054%
NXT   9.1449%
DRK   7.5142%
PPC   5.9176%
NMC   4.2986%
BANX   3.6222%
NSR   3.4039%
XCP   2.5684%
YBC   2.5204%
NBT   1.8244%
BCN   1.6199%
XMR   1.4137%
MSC   1.3151%
BLK   1.1590%
 D   0.8919%
NOTE   0.7397%
CLAM   0.6939%
XTC   0.6570%
QRK   0.6525%
MONA0.6505%
RBT   0.6248%
FC2   0.5793%
RDD   0.5106%
UNO   0.4849%
XDN   0.3998%
IXC   0.3921%
NVC   0.3679%
NAV   0.3262%
DGB   0.3223%
SDC   0.2997%
I0C   0.2837%
MEC   0.2727%
WDC   0.2686%
EMC   0.2682%
NLG   0.2645%
BURST0.2556%
ARCH   0.2541%
GSX   0.2505%
IFC   0.2500%
XPM   0.2485%
BLOCK0.2431%
PTS   0.2424%
FAIR   0.2394%
VIA   0.2329%
PND   0.2258%
FTC   0.2237%
URO   0.2133%
HYPER0.2036%
POT   0.2014%
CURE   0.1995%
VRC   0.1975%
NODE   0.1956%
VTC   0.1805%
ANC   0.1796%
MAX   0.1634%
MZC   0.1552%
APC   0.1475%
XC   0.1449%
ZET   0.1436%
CANN   0.1432%
RBR   0.1377%
XST   0.1205%
NTR   0.1177%
XCR   0.1125%
SLR   0.1123%
UTC   0.1095%
DGC   0.1090%
SYS   0.1084%
BOST   0.1039%
UNB   0.1002%
BAY   0.0993%
SPR   0.0991%
QORA   0.0931%
DEM   0.0930%
NAUT   0.0887%
MOON0.0859%
OPAL   0.0848%
ZEIT   0.0846%
OCUPY0.0829%
DMD   0.0818%
CZC   0.0814%
SWIFT0.0795%
ZCC   0.0758%
MMXIV0.0740%
START0.0726%
VPN   0.0693%
CESC   0.0672%
DVC   0.0643%
AM   0.0635%
NET   0.0624%
XWT   0.0622%
BLU   0.0574%
JPC   0.0531%
HBN   0.0503%
FRC   0.0497%
BBR   0.0494%
FLT   0.0490%
 S   0.0488%
MYR   0.0488%
MINT   0.0482%
KARM   0.0479%
HYP   0.0464%
IOC   0.0445%
USDe   0.0445%
RIC   0.0436%
PINK   0.0434%
XAI   0.0432%
GMC   0.0421%
UNC   0.0419%
NOO   0.0415%
EFL   0.0408%
HTML50.0408%
BTM   0.0397%
FIMK   0.0397%
CGB   0.0393%
HZ   0.0373%
CRYPT0.0373%
EAC   0.0369%
ARI   0.0361%
RIN   0.0350%
EMC2   0.0345%
MARYJ0.0341%
CLOAK0.0330%
VIOR   0.0319%
BYC   0.0313%
TIPS   0.0309%
FIBRE   0.0309%
XWC   0.0304%
ABY   0.0289%
TAG   0.0279%
C2   0.0278%
AUR   0.0276%
PTC   0.0266%
FLAP   0.0263%
LXC   0.0255%
DOGED0.0242%
SRC   0.0235%
CAP   0.0229%
NOBL   0.0227%
COL   0.0227%
BITS   0.0210%
SLG   0.0210%
ORB   0.0203%
XMG   0.0197%
TES   0.0196%
RBY   0.0194%
CSC   0.0194%
BQC   0.0188%
GAIA   0.0188%
VTA   0.0186%
EXCL   0.0184%
SUPER0.0179%
FST   0.0173%
TRC   0.0173%
SXC   0.0170%
DIME   0.0166%
XBS   0.0155%
MNE   0.0155%
LTCD   0.0145%
LKY   0.0142%
TRUST0.0138%
NKA   0.0136%
QSLV   0.0136%
QTL   0.0134%
QBK   0.0132%
CLR   0.0129%
BOOM0.0127%
NEOS   0.0125%
ECC   0.0125%
NYAN   0.0123%
NKT   0.0121%
XPD   0.0114%
CINNI   0.0114%
GLC   0.0112%
SFR   0.0112%
FRK   0.0110%
XCN   0.0106%
XDQ   0.0106%
OMC   0.0106%
YAC   0.0104%
SSD   0.0104%
UFO   0.0102%
TEK   0.0102%
WKC   0.0099%
CKC   0.0095%
BLC   0.0093%
LOT   0.0093%
FRSH   0.0093%
RZR   0.0091%
SMBR   0.0091%
GRS   0.0089%
SPA   0.0089%
TIT   0.0089%
MWC   0.0088%
XDE   0.0086%
BSTY   0.0084%
NYC   0.0082%
DRKC   0.0076%

[DougB62]

Following @Altcoin200 - RT'd both your tweets. Looking forward to a website - I like that there are more than usual on this list.

[notsofast]

This is a good idea.

100 days' worth of exchange trading before inclusion ensures that only long-term alts are included.

It makes me think, though, that it might also be worth creating a separate index for 0-100 day alts, if that's even possible to manage. It would be an interesting tracker of new value creation.

[hazenyc]

Following @Altcoin200 - RT'd both your tweets. Looking forward to a website - I like that there are more than usual on this list.

The other important thing is by excluding BTC,LTC,XRP we get a more accurate picture of the altcoin behavior that's not masked by the big coins. For example, if even LTC were added, it would account for over 1/3 of the index.

[hazenyc]

This is a good idea.

100 days' worth of exchange trading before inclusion ensures that only long-term alts are included.

It makes me think, though, that it might also be worth creating a separate index for 0-100 day alts, if that's even possible to manage. It would be an interesting tracker of new value creation.

The Russell Indexes are built like this: Russell 3000 - the 3000 largest public U.S. stocks. The Russell 2000 (small cap) index is the bottom 2000 of the Russell 3000. The Russell 1000 (micro cap) index is the bottom 1000 of the Rusell 2000.

There could be an Altcoin100 which is the bottom smallest 100 of the Altcoin200.

As for a 0-100 day index there is likely to be too much volatility with spikes and drops. There is generally a flurry of interest and speculation followed by collapse in price making it a useless indicator.

An index is meant to be a benchmark first and foremost.

[MamaGoose]

the ecosystem are geowing!!!

index like this are confirming who interest in analisys of bitcoin/altCoin,
become every day highest!

buti hope you will put online a website with chart to check this index!

[bitasset]

Can you make a chart for Altcoin200 Index?

[hazenyc]

*Updates*

-I needed to change the composition and weighting slightly (only affecting the smaller components really) due to insufficient market data or due to exchange delistings.

-The index was also adjusted so that 1000.00 marks its inception value on the morning of Feb 5th 2015. The current value of the index is around BTC968.  The twitter feed has been updated with the correct index values. Remember to follow @Altcoin200 or search #Altcoin200 for updates.

-I am not a computer programmer or web developer, I am an economist & financial expert.
*If anybody with the wherewithal to help me create the website to host the index value, charts & data etc. It would be greatly appreciated. I am sure that having an easy-to use real time data feed accessible by all would help the index gain quick adoption and also be a positive step forward for cryptocurrencies as a serious financial undertaking.

-That said, I have gone and created a proxy version by creating a portfolio on coinfinance.com (which had the broadest data feeds I found). I constructed the portfolio to mimic the index so the BTC value at the bottom of the portfolio is the index value, just multiply by 1,000. That page can be found here: http://bit.ly/1v4xs5K

-Eventually the Altcoin100 Index will be created, comprised of the bottom 100 of the Altcoin200. This will be an index of "micro-cap" altcoins. The challenge is that rebalancing and re-weighting may occur more frequently than is appropriate

[hazenyc]

The #Altcoin200 Index is down about 6.5% since inception. It is now around BTC934.12
This indicates that altcoin values in aggregate relative to Bitcoin's value have dropped.
Why? There is evidence that cryptocurrency miners mine in order to exchange them for Bitcoin, so that altcoins are always for sale: http://bit.ly/1CI1pAq

[MamaGoose]

Can you make a chart for Altcoin200 Index?

i hope a simple web page with a chart come out soon!!!

[hazenyc]

The #Altcoin200 Index is down 13% since inception in BTC-denominated prices. Current index level is BTC870.23

Follow us on twitter for daily price updates @Altcoin200 #Altcoin200



.

[MamaGoose]

The #Altcoin200 Index is down 13% since inception in BTC-denominated prices. Current index level is BTC870.23

Follow us on twitter for daily price updates @Altcoin200 #Altcoin200



.

now you have one more follower
;-)
waiting for daily update!!

thank you for now!!