Finder Cryptocurrency Weather Report for Friday 2 September 2022

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 2am EDT. Here’s what the figures mean.

• Temperature: This shows price growth. A temperature above or below 20°C means the average price of the top 200 coins, weighted by market share, has increased or decreased. A reading of 20°C 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.

Future Price Predictions

Finder conducts regular industry survey to understand how cryptocurrency prices will change in the future. These price predictions are available for Bitcoin, Ethereum, Litecoin, Dogecoin, Ripple and Solana.

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 0°C to 40°C, with 20°C 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°C, while a decrease will result in a temperature below 20°C. 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.

Icon	Condition	Average price	Trading volume trend
	Sunny	Increased	Very high (100%+)
	Mostly sunny	Increased	High (80%+)
	Partial sun	Increased	Medium (60%+)
	Overcast	Increased or decreased	Low (Under 60%)
	Rain	Decreased	Medium (60%+)
	Heavy rain	Decreased	High (80%+)
	Thunder	Decreased	Very 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.

Icon	Condition	Volatility
	Calm	0 – 0.5%
	Light breeze	0.5% – 1%
	Fresh breeze	1% – 2%
	Strong breeze	2% – 3%
	Near gale	3% – 4%
	Gale	4% – 5%
	Hurricane	5% +

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 performence of larger coins such as Bitcoin and Ethereum will, therefore, have the most significant effect on this metric.