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Cryptocurrency Weather Report

Finder Cryptocurrency Weather Report for Wednesday 20 October 2021

Market temperature (price)

95°F ⇧

Hot


Temperature reflects the price change, it has risen over the last 24 hours and is indicative of a bull market.

Prices have changed by 15.09% on average over the period.

Market conditions (volume)

Picture not described

Mostly sunny


Conditions describe the trend in trading volume and price.

The trading volume over the last 24 hours was 94.56% of the average over the previous 7 days.

Wind (volatility)

Picture not described

Hurricane


Wind speed reflects the market's volatility.

The volatility of the top 200 coins over the last 24 hours was 6.22%.


Finder’s Cryptocurrency Weather Report describes the daily health of the global cryptocurrency market. Changes in the price, trading volume and volatility of the top 200 coins determine the current temperature, conditions and wind speed.

Today’s report describes the conditions over the previous 24 hours and is updated daily at 6pm AEST. Here’s what the figures mean.

  • Temperature: This shows price growth. A temperature above or below 68°F means the average price of the top 200 coins, weighted by market share, has increased or decreased. A reading of 6°F means no price change.
  • Conditions: The change in trading volume determines the current conditions (such as sun, cloud or rain). It’s measured by comparing the average trading volume over the last 24 hours of the top 200 coins, weighted by market share, to the average of the previous 7 days. This change is positive if prices have increased and negative if they have dropped.
  • Wind speed: This is derived from market volatility. The variance in price of the top 200 coins, weighted by market share, is applied to an adapted version of the Beaufort wind scale. Significant fluctuation in price will result in a high wind speed, whereas gradual change shows up as calmer conditions.


Methodology

Finder’s algorithm analyses the behaviour of the top 200 cryptocurrencies over a 24-hour period and converts that data into a global cryptocurrency weather report. The report translates various aspects of the crypto market as described below.

Temperature

Temperature relates to the change in the price of the top 200 coins over the last 24 hours, weighted by market share (see below). The temperature will usually range from 32°F to 104°F, with 68°F being the mid-point – but can exceed these boundaries in exceptional circumstances. An increase in the weighted average price will result in a temperature above 20°F, while a decrease will result in a temperature below 68°F. This metric changes in relation to price as follows:

Conditions

Conditions in this report describe the level of cloud cover and rain. This metric is based on the change in trading volume of the top 200 coins over the last 24-hour period. This trading volume, as weighted by market share, is compared to the rolling average of the previous 7 days. An 80% trading volume, for example, means that the market is trading at 80% of the previous 7 day average.

A positive or negative element is then applied depending on whether the market is gaining (prices are increasing) or losing (prices are decreasing) value. Increasing prices result in sunny, clear conditions. Decreasing prices result in cloudy, rainy conditions.

IconConditionAverage priceTrading volume trend
Picture not describedSunnyIncreasedVery high (100%+)
Picture not describedMostly sunnyIncreasedHigh (80%+)
Picture not describedPartial sunIncreasedMedium (60%+)
Picture not describedOvercastIncreased or decreasedLow (Under 60%)
Picture not describedRainDecreasedMedium (60%+)
Picture not describedHeavy rainDecreasedHigh (80%+)
Picture not describedThunderDecreasedVery high (100%+)

Wind

Wind speed describes the volatility of the top 200 coins over the past 24 hours, weighted by market share. Volatility, in this case, is defined as the standard deviation of the price of each individual coin over 24 measurements taken hourly. A large volume of price fluctuation will result in a higher value. This percentage change is transformed into a wind speed using an adapted version of the Beaufort scale.

IconConditionVolatility
Picture not describedCalm0 – 0.5%
Picture not describedLight breeze0.5% – 1%
Picture not describedFresh breeze1% – 2%
Picture not describedStrong breeze2% – 3%
Picture not describedNear gale3% – 4%
Picture not describedGale4% – 5%
Picture not describedHurricane5% +

Market share weighting

The percentage of market share for an individual coin is calculated as the total market capitalisation of each coin compared to the total market capitalisation of the top 200 coins. The performance of larger coins such as Bitcoin and Ethereum will, therefore, have the most significant effect on this metric.

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