Tracking the overall health of the crypto industry

The FCAS 25 tracks the fundamental scores of the top 25 projects over time.

Learn more about FCAS

The score itself is a time-weighted moving average of the FCAS for the members of the top 25. To be included in the top 25, a project must be ranked inside the top 25 FCAS ratings for at least 40 days

The approach allows for an entirely algorithmic definition, and avoids the many pitfalls of managing manual inclusion/exclusion from the list.

October 2019

FCAS 25 declines over the last 30 Days

The FCAS 25 tracks the overall health of the crypto-asset industry by following the fundamental scores of the top 25 projects over time. The time-weighted moving average for these 25 assets is down 6-points (0.71%) over the last 30 days.

Who is in, who is out?

Members of the FCAS 25 are reevaluated each month and must be ranked within the top 25 for at least 40 days to qualify. Today, a new set of members was released with a number of significant changes. This month, OmiseGO (OMG) jumped back into the top ranks along with newcomer Horizen (ZEN). BitShares (BTS) and Status (SNT) have dropped off this month.

Hot take

A number of significant developments colored the crypto landscape over the last 30 days. The launch of Bakkt futures trading was a major boon for the industry from an infrastructural perspective. It brings hopes of increased institutional movement into the space, but overall volumes have been relatively low on the platform since launch.

From a regulatory perspective, the SEC has been busy, settling lawsuits with EOS and Sia over the last week. Kin has fully committed to its battle with the US regulator, as its creator Kik moved to shut down the core messaging service. Most recently, Binance moved to integrate Coinfirm’s AML solution to contend with the FATF’s recent standards set on the crypto industry.

Finally, Bitcoin’s dominance, currently at 66.7%, cannot be ignored. Its late-September slide put a drag on altcoin prices after losing more than 20% of its value. The market has held steady at over $200 billion over the last few days.

Despite the downturn in overall FCAS across the top 25, the industry still remains quite healthy. Projects continue to refine their products and go-to market strategies, and the space as a whole is moving towards a focus on end-user solutions that drive adoption. Positive signs as the tech continues to evolve at a rapid pace.

Current FCAS 25 assets as of October 1, 2019