St, 31 floor | New York, NY 10022 Ken XuanAC …p7inn10sujf2n60123a9j5f1-wpengine.netdna-ssl.com/wp-content/... · For exclusive use of Fundstrat clients. Slide 3. Executive Summary

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For inquiries contact Sales at 212-293-7140 or via email salesfundstratcom

Thomas J Lee CFA AC

Head of Research

thomasfundstratcom

twitter Fundstrat

Robert Sluymer CFAAC

Head of Technical Strategy

robertsluymerfundstratcom

twitter rsluymer

Sam Doctor AC

Head of Data Science Research

samdoctorfundstratcom

twitter fundstratQuant

L Thomas BlockPolicy Strategist

tomblockfundstratcom

twitter TomBlock_FS

Portfolio Strategy Quantitative StrategyTechnical Strategy Washington amp Policy

Strategy

For Reg AC certification and other important disclosures see Disclosures Slide 40

Crypto Currency Strategy

Thomas J Lee CFA AC

Robert Sluymer CFAAC

Sam Doctor AC

Ken Xuan AC

Alex KernwwwFundstratcom | Bloomberg FSGA ltltGOgtgt

Benchmark Crypto IndicesWeekly Performance Analysis

FS CryptoFX 10Large-cap

FS CryptoFX 40Mid-cap

FS CryptoFX 250Small-cap

FS CryptoFX 300Top 300

Commodities Platforms Exchanges Privacy Stable Coins

FS CryptoFX AggAll-cap

FS FX Eq WeightTop 50

-97 -135 -173 -105 -105 -138

-89 -117 -142 -33 -00

For the week ended on June 11Updated as of June 11 at 8 pm ET

6122018

Ken XuanAC

CRYPTO CURRENCY STRATEGY

Slide 2

Source Fundstrat Bloomberg Factset

The Fundstrat Research Team

Thomas J Lee CFACo-Founder Head of ResearchIn research 25 years

Prior to founding Fundstrat Mr Lee was at JP Morgan from 1999 to 2014 and served as Chief Equity Strategist from 2007 to 2014 He was top-ranked by Institutional Investor every year since 1998 Previously served as Managing Director at Salomon Smith Barney Mr Lee graduated from the undergraduate program at the Wharton School University of Pennsylvania

Sam DoctorHead of Data Science ResearchIn research 18 years

Head of Data Science Research Former US Small and Mid Cap Technology Analyst and India Small Mid Cap Strategist at JP Morgan Chase

Rob Sluymer CFAHead of Technical Analysis StrategyIn research 26 years

Head of Technical Research with over 26 years experience writing technical research at RBC Capital Markets

L Thomas BlockWashington and Policy StrategistHead of JPM policy 21 years

Tom had a 21-year career at JP Morgan serving as Global Head of Government Relations Prior to joining JP Morgan Chase in 1987 he previously worked in Washington and held several positions with members of the House and Senate serving as Legislative Assistant and Chief of Staff in the House and Legislative Staff Director in the Senate

Alex KernResearch AnalystIn research 3 years

Previously conducted blockchain technology research with Digital Currency Group Prior to that Alex was a Fintech and Payments Equity Research Associate with Cowen amp Co Alex received his BA in History from the University of Pennsylvania in 2014

Ken XuanQuantitative AnalystIn research 4 years

Data scientist with expertise in applied mathematics and statistical analysis Ken was an operations strategy consultant at West Monroe Partners Ken received a BS degree in Management Economics from Purdue University in 2013 and an MS degree in Operations Research from Columbia University in 2017

For exclusive use of Fundstrat clients Slide 3

Executive Summary

bull Overview

bull SIZE FS Large-cap 10 FS Mid-cap 40 FS small-cap 250

bull SECTOR Commodities

bull SECTOR Platforms

bull SECTOR Exchanges

bull SECTOR Privacy

bull SECTOR Stable coins


Overview Where to find these indices

Figure The Fundstrat Crypto-currency Indices

Fundstrat reference indices

FS Crypto Commodity Index (FSTOKCTB Index) should shortly be available on Yahoo Finance and Trading View

Market Value Tickers

Index Description

Index

Price

$

millions

share

crypto Bloomberg Yahoo Finance Trading View Financial Times

Sector Indices

FS Crypto Commodity Likely to be classified as commodities $101 $190557 58

FS Crypto Platform Enables decentralized applications 131 $111605 34

FS Crypto Privacy Tokens with anonymity features 84 $10779 3

FS Crypto Exchange Tokens associated with exchanges 138 $2913 1

FS Crypto Stablecoin Tracks the fiat currencies 100 $2312 1

Market-Cap based Indices

FS Crypto 10 Top 10 largest Crypto-currencies $169 $274045 84

FS Crypto 40 Top 11-50 based on market value 175 $33374 10

FS Crypto 50 Eq Wt Equal weighted FS Crypto 10 and 40 198 $307419 94

FS Crypto 250 Top 51-300 based on market cap 157 $13448 4

FS Crypto 300 FS Crypto 10 40 and 250 168 $324294 99

FS Crypto Aggregate Aggregate index 168 $325968 100

^FSTOK10

^FSTOK40

^FSTOKEQW

^FSTOK250

^FSTOK300

^FSTOKAGG

FSTOK10

FSTOK40

FSTOKEQW

FSTOK250

FSTOK300

FSTOKAGG

^FSTOK10

^FSTOK40

^FSTOKEQW

^FSTOK250

^FSTOK300

^FSTOKAGG

FSTOK10

FSTOK40

FSTOKEQW

FSTOK250

FSTOK300

FSTOKAGG

FSTOKCTB

FSTOKPLT

FSTOKPVT

FSTOKDEX

FSTOKSTB

^FSTOKCTB

^FSTOKPLT

^FSTOKPVT

^FSTOKDEX

^FSTOKSTB

FSTOKCTB

FSTOKPLT

FSTOKPVT

FSTOKDEX

FSTOKSTB

^FSTOKCTB

^FSTOKPLT

^FSTOKPVT

^FSTOKDEX

^FSTOKSTB

The best performing

sector index was FS

CryptoFX Stablecoin

which was down

00

The best performing

size-based index was

FS CryptoFX 10

which was down

97

Over the past 7 days

the FS CryptoFX Agg

Index decreased by

105 compared with

a 13 increase for

the SampP 500

13

(05)

08

(01)

(10)

03

(00)

07

21

(81)

(101)

(105)

(97)

(135)

(173)

(89)

(117)

(142)

(33)

(00)

20

12

03

01

(17)

(03)

04

(14)

(65)

(188)

(223)

(229)

(214)

(293)

(337)

(215)

(240)

(305)

(115)

(00)

SampP 500

Dollar Idx

MSCI All World Idx

BBG US Agg Bond Idx

Salient Risk Parity Idx

BBG Commodity TR Idx

BBG US Treasury Idx

Gold

Oil

Bitcoin

Ethereum

FS CryptoFX Agg

FS CryptoFX 10

FS CryptoFX 40

FS CryptoFX 250

FS CryptoFX Commodity

FS CryptoFX Platform

FS CryptoFX Privacy

FS CryptoFX Exchange

FS CryptoFX Stablecoin

7D Performance () 30D Performance ()


OverviewRelative Performance



Base date of Cap based Indices is 93017 and Sector Indices is 33118


At a GlanceState of Indices

Composite

Technical

Score

Win-ratio

Upside less

downside

Volatility

P50D

Weekly RSI

Bitcoin

FS 10FS 300FS AGGFS EQWFS 40

FS Stable CoinFS Ex changeFS CommodityFS PlatformFS Privacy

345678910

Bitcoin Size-based Indices Sector-based Indices

Bitcoin

FS 10FS 300

FS AGG FS EQWFS 40 FS 250

FS Stable CoinFS Ex changeFS Commodity FS PlatformFS Privacy

44 45 46 47 48 49 50 51 52 53 54

Bitcoin

FS 10FS 300FS AGGFS EQWFS 40FS 250

FS Stable CoinFS Ex changeFS CommodityFS Platform FS Privacy

-16 -14 -12 -10 -8 -6 -4 -2 0 2

Bitcoin

FS 10FS 300

FS AGGFS EQW FS 40FS 250


65 70 75 80 85 90 95 100 105

Bitcoin

FS 10

FS 300FS AGGFS EQW

FS 40FS 250

FS Stable Coin FS Ex changeFS Commodity FS PlatformFS Privacy

35 37 39 41 43 45 47 49 51 53

Source Coinmarketcapcom Bloomberg other sources and Fundstrat



Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Composite

Technical

Rank

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

FS Stable Coin FSTOKSTB $10000 0014478 1 53 1 1000 1001 51 (00) (00) (00) (01 )

FS Exchange FSTOKDEX $13752 0019910 2 50 (0) 979 909 52 (142) (36) (115) 71

Bitcoin BTC $690692 1000000 3 52 (3) 923 826 46 (98) (84) (188) 97

FS 10 FSTOK10 $17033 0024661 4 49 (6) 917 807 44 (115) (81) (214) 110

FS Commodity FSTOKCTB $10184 0014745 5 48 (8) 920 812 43 (106) (81) (215) 107

FS 300 FSTOK300 $16935 0024518 6 48 (8) 909 791 43 (122) (94) (229) 118

FS AGG FSTOKAGG $16970 0024569 7 48 (8) 909 791 43 (122) (94) (229) 118

FS Platform FSTOKPLT $13095 0018959 8 48 (8) 903 784 45 (135) (104) (240) 119

FS EQW FSTOKEQW $20061 0029045 9 49 (10) 870 711 43 (156) (135) (303) 160

FS 40 FSTOK40 $17475 0025301 10 47 (10) 877 717 42 (151) (146) (293) 160

FS Privacy FSTOKPVT $8402 0012164 11 44 (0) 849 686 38 (146) (147) (305) 164

FS 250 FSTOK250 $15884 0022997 12 48 (14) 830 689 42 (185) (190) (337) 142


972

931

906928

970

60

70

80

90

100


Slide 8

Figure 90D Rolling Correlation ndash Bitcoin vs Size indices and vs Sector indicesOver last 100 days

FS Crypto

Size

Indices

At a GlanceCorrelation

990

922

889812

68

(20)

0

20

40

60

80

100

FS Crypto

Sector

Indices

Bitcoin is most correlated to

the sector index FS

Commodity with a 90D

correlation of 990

In the past week the largest

change in correlation was

FS Stablecoin (+205)

FS 10

FS 40

FS 250

FS EQ WT

FS Agg

FS Commodity

FS Platform

FS Privacy

FS Exchange

FS Stablecoin


the size index FS 10 with a

90D correlation of 972



FS 40 (+06)

For exclusive use of Fundstrat clients


At a GlanceState of Tokens 1 of 2 Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Binance Coin BNB $1538 0002227 30 194972068 1 51 31 1085 1095 62 (108) 80 189 (10 )

DigiByte DGB $003 0000005 03 10324177197 2 53 2 969 853 51 (44) (21) (186) 116

Siacoin SC $001 0000002 05 34755691770 3 50 52 915 706 49 (125) (58) (306) 209

Ripple XRP $060 0000087 604 99992233977 4 48 17 958 833 48 (105) (31) (133) 125

Nxt NXT $013 0000019 01 998999942 5 44 12 950 752 45 (69) (20) (249) 198

OmiseGO OMG $999 0001446 14 140245398 6 47 10 926 736 48 (98) (76) (271) 190

EOS EOS $1159 0001678 104 900000000 7 50 99 901 792 60 (169) (58) (187) 109

ReddCoin RDD $001 0000001 02 28808713174 8 46 26 908 755 50 (150) (51) (215) 153

Dogecoin DOGE $000 0000000 04 114657296497 9 48 11 920 747 47 (146) (55) (277) 173

Bitcoin BTC $690692 1000000 1179 17064837 10 52 (3) 923 826 46 (98) (84) (188) 97

Bitcoin Cash BCH $95856 0138783 164 17156638 11 48 21 915 756 49 (153) (44) (349) 159

VeChain VEN $341 0000494 30 873378637 12 46 12 924 809 53 (176) (12) (251) 115

Ethereum ETH $53328 0077210 532 99768318 13 48 (6) 913 812 49 (122) (81) (223) 101

Litecoin LTC $10752 0015567 61 56764648 14 51 (12) 904 784 45 (113) (103) (242) 120

Waves WAVES $389 0000563 04 100000000 15 48 (6) 899 703 45 (100) (65) (375) 195

Stellar XLM $026 0000037 267 103986155722 16 43 15 901 755 50 (140) (116) (287) 146

IOTA MIOTA $145 0000210 40 2779530283 17 47 28 896 775 50 (147) (249) (237) 121

Power Ledger POWR $029 0000041 03 1000000000 18 49 8 875 670 50 (156) (131) (310) 205

Waltonchain WTC $993 0001438 07 70000000 19 51 (8) 893 770 49 (230) (113) (235) 123

Qtum QTUM $1198 0001734 12 100633816 20 43 82 887 701 43 (128) (172) (270) 185

BitShares BTS $018 0000026 05 2629060000 21 51 16 863 696 48 (189) (142) (271) 167

Bytom BTM $053 0000077 08 1407000000 22 46 65 850 712 55 (172) (162) (160) 137

Augur REP $3351 0004852 04 11000000 23 50 14 870 773 48 (121) (148) (357) 98

NEM XEM $022 0000032 20 8999999999 24 48 (10) 886 689 42 (112) (125) (330) 197

Cardano ADA $018 0000026 56 31112483745 25 44 61 876 688 49 (160) (185) (331) 188

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA


At a GlanceState of Tokens 2 of 2

0x ZRX $107 0000155 11 1000000000 26 50 8 865 794 56 (195) (144) (352) 71

Basic Attenti BAT $023 0000034 04 1500000000 27 53 15 842 656 47 (136) (161) (358) 187

Zcash ZEC $20648 0029895 08 4031606 28 50 21 822 737 45 (125) (143) (159) 85

Dash DASH $27181 0039353 22 8100204 29 47 8 862 689 40 (136) (138) (328) 173

Status SNT $008 0000012 06 6804870174 30 46 17 858 665 45 (146) (182) (342) 193

Verge XVG $003 0000005 05 14997869020 31 48 44 828 585 45 (165) (161) (446) 243

QASH QASH $042 0000061 04 1000000000 32 44 38 849 671 46 (167) (169) (323) 179

Ethereum Classic ETC $1292 0001871 13 101929340 33 48 (3) 854 712 43 (153) (168) (288) 142

ICON ICX $217 0000314 09 400228740 34 47 33 829 622 50 (187) (202) (449) 207

DigixDAO DGD $12372 0017912 02 2000000 35 47 (17) 853 620 46 (222) (73) (356) 232

Monero XMR $13804 0019986 22 16083586 36 44 (0) 860 686 43 (161) (124) (316) 175

NEO NEO $4560 0006602 46 100000000 37 40 11 865 703 44 (154) (178) (296) 162

Lisk LSK $726 0001051 09 121695940 38 47 14 829 687 43 (181) (161) (285) 141

Bitcoin Gold BTG $3721 0005387 06 17136861 39 41 5 846 642 44 (172) (152) (348) 204

Storm STORM $003 0000004 03 10000000000 40 43 447 783 556 50 (221) (232) (391) 227

Ardor ARDR $020 0000029 02 998999495 41 50 (20) 823 645 41 (129) (192) (342) 178

TRON TRX $005 0000007 49 100000000000 42 44 52 781 684 52 (178) (168) (290) 97

aelf ELF $079 0000115 02 280000000 43 49 67 784 619 51 (222) (259) (395) 164

Hshare HSR $604 0000874 03 43049264 44 46 44 828 648 42 (190) (242) (362) 180

Cindicator CND $005 0000007 01 2000000005 45 46 (3) 814 606 45 (182) (220) (382) 208

Steem STEEM $187 0000271 05 275215728 46 46 68 769 610 46 (227) (218) (339) 158

Nano NANO $323 0000468 04 133248289 47 41 (5) 799 546 43 (186) (208) (490) 253

Neblio NEBL $575 0000832 01 13913547 48 43 18 749 526 46 (232) (251) (524) 223

Gas GAS $1537 0002225 03 17190378 49 44 1 806 635 45 (230) (248) (396) 171

Stratis STRAT $351 0000508 03 98876181 50 49 (19) 777 611 43 (209) (200) (420) 166

41618 to

42318

42318 to

43018

43018 to

5718

5718 to

51418

51418 to

52118

52118 to

52818

52818 to

6418

6418 to

61118

FS Privacy 465 FS Exchange 190

FS 250 267 FS Platform 156

FS Eq Wt 257 FS 40 139

FS 40 256 FS Exchange 114 FS Eq Wt 120

FS Platform 254 FS Eq Wt 113 FS Platform 70 FS 300 109

FS Agg 225 FS Platform 95 FS Exchange 48 FS Agg 109

FS 300 224 FS 250 50 FS 10 46 FS 10 107

FS 10 217 FS 10 48 FS Commodity 43 FS Stable Coin 03 FS 250 89

FS Exchange 211 FS 300 46 FS Agg 38 FS 250 -26 FS Stable Coin 00 FS Commodity 74 FS Stable Coin 00

FS Commodity 183 FS Agg 45 FS 300 38 FS Privacy -55 FS Exchange -02 FS Stable Coin 00 FS Privacy 63 FS Exchange -33

BTC 108 BTC 35 BTC 14 BTC -70 BTC -34 BTC -152 BTC 53 BTC -81

FS Stable Coin 00 FS 40 28 FS 40 06 FS Commodity -80 FS 10 -51 FS Commodity -171 FS Stable Coin 00 FS Commodity -89

FS Commodity 15 FS Stable Coin -02 FS Exchange -81 FS Commodity -51 FS 10 -197 FS 10 -97

FS Stable Coin 01 FS Eq Wt -07 FS Platform -81 FS Agg -57 FS Agg -207 FS 300 -105

FS Privacy -114 FS 250 -11 FS Agg -82 FS 300 -58 FS 300 -207 FS Agg -105

FS Privacy -57 FS 300 -82 FS Platform -60 FS Exchange -223 FS Platform -117

FS 10 -83 FS Privacy -75 FS Privacy -240 FS 40 -135

FS 40 -106 FS Eq Wt -76 FS Platform -245 FS Eq Wt -138

FS Eq Wt -118 FS 40 -87 FS 250 -251 FS Privacy -142

FS 250 -103 FS Eq Wt -256 FS 250 -173

FS 40 -257


OverviewPerformance Quilt

Figure Crypto Performance QuiltPast 8 weeks

Source Fundstrat Bloomberg

Here we look at the

relative performance of

our benchmark indices

using a performance

quilt

The best performing was

FS CryptoFX Stable Coin

Index which was down

00 In the prior week

this index returned 00

The worst performing

was FS CryptoFX 250





SIZEIndices vs BTC

Figure Size-based Indices Price Ratio to BTCPast 6M


FS Crypto 10 (large-cap)

vs BTC

FS Crypto 40 (mid-cap)

vs BTC

FS Crypto 250 (small-cap)

vs BTC

1M rel BTC 1W rel BTC3M rel BTC



The 6M price performance

of the size-weighted

indices are plotted

Over the past week the

best performing of the size

indices was FS CryptoFX

10 which was down 25

The worst performing over

that timeframe was FS

CryptoFX 250 which was

down 112

Over the past month the







down 190

-25-22+28

-82-135-99

-43 -190 -112

Over the past week


mid-cap vs large-cap was

down 59

Over the past week


small-cap vs large-cap

was down 90

Over the past week


small-cap vs mid-cap was

down 33


Size RotationSize Pairs

Figure Size Pairs Price RatioPast 6M


Mid-cap vs Large-cap

FS Crypto 40 FS Crypto 10

Small-cap vs Large-cap


Small-cap vs Mid-cap


1M Delta 1W Delta3M Delta



-59-116-124

-90-172-69

-33-64+63


SectorsSectors vs BTC

Figure Sector Price Ratio to BTCPast 6M


Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC






of the sector indices are

plotted


best performing of the

sector indices was FS

Exchange Index which was

up 52 The worst

performing over that

timeframe was FS Privacy


66





up 90 The worst




144

+04 -34 -09

-40-64+78

-66-144-247

+52+90+801


Sector RotationSector Pairs

Figure Sector Pairs Price RatioPast 6M


Platforms vs Commodities

Platforms vs Exchanges

Privacy vs Commodities




-31-31+73

-87-141-402

-57-114-250

Over the past week



was down 31

Over the past week



was down 87

Over the past week



was down 57

Figure FS Crypto FX Indices Correlation Matrix against Major Asset Classes ()Based on the daily return of last 90 days


Cross Asset Classes Correlation Matrix

Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX

Stablecoin SampP 500

US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 93 91 97 97 93 99 92 89 81 7 (15) 3 (10) (9) (16) (7) (9) (1) 1

FS CryptoFX 10 100 96 94 100 100 97 99 98 91 82 6 (13) 2 (8) (8) (14) (6) (8) 1 2

FS CryptoFX 40 100 95 97 97 99 95 96 93 83 10 (17) 6 (11) (6) (16) (5) (6) 0 2

FS CryptoFX 250 100 95 95 96 92 94 90 84 11 (16) (2) (9) (1) (11) (3) (2) 7 5

FS CryptoFX 300 100 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Agg 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Eq Wt 100 95 97 92 85 9 (16) 3 (10) (6) (13) (4) (6) 5 3

FS CryptoFX Commodity 100 94 92 81 6 (13) 5 (9) (10) (16) (6) (10) (2) 3

FS CryptoFX Platform 100 88 81 7 (12) (1) (7) (5) (11) (3) (5) 6 1

FS CryptoFX Privacy 100 77 4 (12) 12 (9) (17) (15) 4 (16) (8) 10

FS CryptoFX Exchange 100 24 (19) (8) (16) (4) (14) 5 (2) 21 10

FS CryptoFX Stablecoin 100 8 10 9 (1) 11 8 (2) 3 4

SampP 500 100 3 92 (33) 60 29 (39) (23) 23

US Dollar Index 100 (0) (6) (9) (30) (5) (68) (25)

MSCI All World Index 100 (30) 70 24 (38) (19) 17

US Agg Bond Index 100 14 (14) 99 30 (29)

Risk Parity Index 100 51 7 9 23

Comdty TR Index 100 (15) 28 72

US Treasury Index 100 31 (29)

Gold 100 20

Oil 100


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Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75

Ethereum Classic 100 84 71 53 67 79 78 84 79 69 50 47 55 54 78 79 71 76 70 77 55 55 73 75 72 61 66 76 84 16 57 79 80 78 62 74

Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81

Power Ledger 100 59 72

Neblio 100 66

Cindicator 100

Figure Correlation Matrix ()Based on the daily return of last 90 days


Cross Token Correlation Matrix

Slide 17

The 3 tokens with lowest overall

correlation (to other tokens) are

Storm 207 overall

Verge 450 overall

and Bytom 468 overall



Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10

Token Bitcoin Ripple Ethereum Litecoin Stellar Bitcoin Cash EOS NEO Cardano TRON

7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2


Large-capFS CryptoFX 10

Figure FS CryptoFX 10 Price Ratio to BTCPast 6M


Large-cap vs BTC

Daily RSI

MACD

The FS CryptoFX 10 index is

designed to track the performance of

the top 10 largest and most liquid

Crypto-currencies


Correlation to BTC

-25-22+28Over the past week the

FS CryptoFX 10 index was

down 25 Relative to

BTC Over the past month

this index was down 22

Relative to BTC

The two best performing

constituents this index in

the past week are Bitcoin

down 81 and Ripple

down 87

The two worst performing


the past week are TRON

down 175 and Cardano

down 153


Slide 20

Figure 90D Rolling Correlation - FS CryptoFX 10 Correlation against Major Asset ClassesOver last 100 days

FS CryptoFX 10 SampP 500

BBG US Agg Bond Idx

Oil

Gold


CorrelationFS CryptoFX 10

(131 )

(84 )

2014

(135 )

(30)

(15)

0

15

30The FS CryptoFX 10 Index is

most correlated to Oil with a


The FS CryptoFX 10 Index is

least correlated to Salient

Risk Parity Index with a 90D

correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10

Token Binance Coin DigiByte Siacoin Waves ReddCoin Nxt Dogecoin Waltonchain OmiseGO NEM

7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40

Token Hshare BitShares Lisk Cindicator Steem Gas Storm Neblio aelf DigixDAO

7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1


Mid-capFS CryptoFX 40



Mid-cap vs BTC



the top 11-50 Crypto-currencies

based on market value and liquidity


Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC



the past week are Binance

Coin up 79 and DigiByte

down 07



the past week are

DigixDAO down 269 and

aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold






least correlated to SampP 500

with a 90D correlation of -

170






Best

1 2 3 4 5 6 7 8 9 10

Token Linda GameCredits Blackmoon Pura bitUSD Wagerr

Primalbase

Token Mooncoin PotCoin bitCNY

7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40

Token Byteball Bytes Aeternity Dynamic RevolutionVR Ethos Incent Cryptonex Diamond Enjin Coin MonaCoin

7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1


Small-capFS CryptoFX 250



Small-cap vs BTC




based on market value and liquidity 1M rel BTC 1W rel BTC3M rel BTC

Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-43 -190 -112Over the past week the

FS CryptoFX 250 index

was down 112 Relative

to BTC Over the past

month this index was

down 190 Relative to

BTC



the past week are Linda

up 385 and

GameCredits up 198



the past week are

MonaCoin down 97 and

Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold

Salient Risk Parity IdxThe FS CryptoFX 250 Index

is most correlated to Gold

with a 90D correlation of

68

The FS CryptoFX 250 Index

is least correlated to SampP

500 with a 90D correlation of

-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip

Token Bitcoin Litecoin Zcash Bitcoin Cash Monero

7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip

Token Bitcoin Cash Bitcoin Litecoin Monero Zcash

14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity

Figure FS Crypto Sector Price Ratio to BTCPast 6M


Commodities vs BTC

AdvanceDecline line

Daily RSI

The FS CryptoFX Commodity index is

designed to track the performance of the

tokens which are viewed purely as

digital currencies andor commodities1M rel BTC 1W rel BTC3M rel BTC

+04 -34 -09Over the past week the


index was down 09

Relative to BTC Over the

past month this index

was down 34 Relative to

BTC




down 81 and Litecoin

down 103



the past week are Monero

down 138 and Bitcoin

Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27

Figure 90D Rolling Correlation - Commodity Correlation against Major Asset ClassesOver last 100 days

FS CryptoFX Commodity Index

CorrelationFS Commodity

The FS Commodity Index is






correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold





digital currencies andor commodities



Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip

Token Waves Ethereum NEM Stellar VeChain Qtum EOS NEO

Ethereum

Classic Cardano IOTA Bytom Stratis Lisk

7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip

Token VeChain IOTA Cardano Ethereum Stellar Waves EOS NEM Qtum NEO Lisk

Ethereum

Classic Bytom Stratis

14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms

Figure FS Crypto Platforms Price Ratio to BTCPast 6M


Platforms vs BTC

AdvanceDecline line

Daily RSI

The FS Crypto Platform index is designed to

track the performance of cryptocurrencies

which enable developers to create and use

decentralized applications (dApps) 1M rel BTC 1W rel BTC3M rel BTC



index was down 40




BTC



the past week are Waves

down 56 and Ethereum

down 101



the past week are Stratis

down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30

Figure 90D Rolling Correlation - FS Crypto Platform Correlation against Major Asset ClassesOver last 100 days

FS CryptoFX Platform Index

CorrelationFS Platform

The FS Platform Index is

most correlated to Gold with

a 90D correlation of 55




123

SampP 500

BBG US Agg Bond Idx

Oil

Gold





decentralized applications (dApps)



Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip

Token Binance Coin Bancor 0x QASH Kyber Network AirSwap

7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip

Token Binance Coin Bancor 0x Kyber Network QASH AirSwap

14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI

Figure FS Crypto Exchanges Price Ratio to BTCPast 6M

The FS Crypto Exchange index is designed to


tokens associated with crypto centralized or

decentralized exchanges1M rel BTC 1W rel BTC3M rel BTC

+52+90+801Over the past week the


index was up 52



was up 90 Relative to

BTC




Coin up 79 and Bancor

down 129



the past week are AirSwap

down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33

Figure 90D Rolling Correlation - FS Crypto Exchange Correlation against Major Asset ClassesOver last 100 days

FS CryptoFX Exchange Index

CorrelationFS Exchange

The FS Exchange Index is






191

SampP 500

BBG US Agg Bond Idx

Oil

Gold





decentralized exchanges



Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip

Token Zcash Monero Dash Bitcoin Private

7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip

Token Dash Monero Zcash Bitcoin Private

14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy

Figure FS Crypto Privacy Price Ratio to BTCPast 6M


Privacy vs BTC

AdvanceDecline line

Daily RSI

The FS Crypto Privacy index is


cryptocurrencies with anonymity or

privacy features 1M rel BTC 1W rel BTC3M rel BTC

-66-144-247Over the past week the

FS CryptoFX Privacy

index was down 66




to BTC



the past week are Zcash

down 127 and Monero

down 138




Private down 188 and

Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36

FS CryptoFX Privacy Index

Figure 90D Rolling Correlation - FS Crypto Privacy Correlation against Major Asset ClassesOver last 100 days

CorrelationFS Privacy

The FS Privacy Index is




least correlated to BBG US

Agg Bond Index with a 90D

correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy



Figure FS Crypto Stable Price Ratio to BTCPast 6M


Privacy vs BTC

AdvanceDecline line

Daily RSI

Over the past month this

Relative




The FS CryptoFX Stable index is


cryptocurrencies which are designed

to be ldquostablerdquo

SectorsStable Coins


+88+231+331



index was up 88




BTC

In the past week Tether

was down 00 and DAI

was down 02 in dollar

terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39

FS CryptoFX Stable Coin Index

Figure 90D Rolling Correlation - FS Crypto Stable Correlation against Major Asset ClassesOver last 100 days

CorrelationFS Stable Coin

The FS Stable Coin Index is

most correlated to Salient


correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold







DisclosuresThis research is for the clients of Fundstrat Global Advisors only For important disclosures and rating histories regarding sectors or companies that are the subject of this report please contact your sales representative or Fundstrat Global Advisors at 150 East 52nd Street New York NY 10022 USA

Analyst Certification (Reg AC)

Ken Xuan the research analyst denoted by an ldquoACrdquo on the cover of this report hereby certifies that all of the views expressed in this report accurately reflect his personal views which have not been influenced by considerations of the firmrsquos business or client relationships

Neither I nor a member of my household is an officer director or advisory board member of the issuer(s) or has another significant affiliation with the issuer(s) that isare the subject of this research report There is a possibility that we will from time to time have long or short positions in and buy or sell the securities or derivatives if any referred to in this research

Conflicts of Interest

This research contains the views opinions and recommendations of Fundstrat As of the time of writing and publication of this presentation Fundstrat does not know of or have reason to know of any material conflicts of interest at the time of the publication of this presentation The Company has no contractual relationship nor have we received any compensation from any of the companies listed in this research report

Analyst IndustrySector Views

Positive (+) The analyst expects the performance of his industrysector coverage universe over the next 6-18 months to be attractive vs the relevant broad market benchmark being the SampP 500 for North America

Neutral (N) The analyst expects the performance of his or her industrysector coverage universe over the next 6-18 months to be in line with the relevant broad market benchmark being the SampP 500 for North America

Negative (-) The analyst expects his or her industry coverage universe over the next 6-18 months to underperform vs the relevant broad market benchmark being the SampP 500 for North America

General Disclosures

Fundstrat Global Advisors is an independent research company and is not a registered investment advisor and is not acting as a broker dealer under any federal or state securities laws Fundstrat Global Advisors is a member of IRC Securitiesrsquo Research Prime Services Platform IRC Securities is a FINRA registered broker-dealer that is focused on supporting the independent research industry Certain personnel of Fundstrat (ie Research Analysts) are registered representatives of IRC Securities a FINRA member firm registered as a broker-dealer with the Securities and Exchange Commission and certain state securities regulators As registered representatives and independent contractors of IRC Securities such personnel may receive commissions paid to or shared with IRC Securities for transactions placed by Fundstrat clients directly with IRC Securities or with securities firms that may share commissions with IRC Securities in accordance with applicable SEC and FINRA requirements IRC Securities does not distribute the research of Fundstrat which is available to select institutional clients that have engaged Fundstrat

As registered representatives of IRC Securities our analysts must follow IRC Securitiesrsquo Written Supervisory Procedures Notable compliance policies include (1) prohibition of insider trading or the facilitation thereof (2) maintaining client confidentiality (3) archival of electronic communications and (4) appropriate use of electronic communications amongst other compliance related policies

Fundstrat does not have the same conflicts that traditional sell-side research organizations have because Fundstrat (1) does not conduct any investment banking activities (2) does not manage any investment funds and (3) our clients are only institutional investors

This research is for the clients of Fundstrat Global Advisors only Additional information is available upon request Information has been obtained from sources believed to be reliable but Fundstrat Global Advisors does not warrant its completeness or accuracy except with respect to any disclosures relative to Fundstrat and the analysts involvement (if any) with any of the subject companies of the research All pricing is as of the market close for the securities discussed unless otherwise stated Opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice Past performance is not indicative of future results This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument The opinions and recommendations herein do not take into account individual client circumstances risk tolerance objectives or needs and are not intended as recommendations of particular securities financial instruments or strategies The recipient of this report must make its own independent decision regarding any securities or financial instruments mentioned herein Except in circumstances where Fundstrat expressly agrees otherwise in writing Fundstrat is not acting as a municipal advisor and the opinions or views contained herein are not intended to be and do not constitute advice including within the meaning of Section 15B of the Securities Exchange Act of 1934 All research reports are disseminated and available to all clients simultaneously through electronic publication to our internal client website fundstratcom Not all research content is redistributed to our clients or made available to third-party aggregators or the media Please contact your sales representative if you would like to receive any of our research publications

Copyright 2018 Fundstrat Global Advisors LLC All rights reserved No part of this material may be reprinted sold or redistributed without the prior written consent of Fundstrat Global Advisors LLC

Slide 40Version 42718

Slide 2

Source Fundstrat Bloomberg Factset

The Fundstrat Research Team

Thomas J Lee CFACo-Founder Head of ResearchIn research 25 years

Prior to founding Fundstrat Mr Lee was at JP Morgan from 1999 to 2014 and served as Chief Equity Strategist from 2007 to 2014 He was top-ranked by Institutional Investor every year since 1998 Previously served as Managing Director at Salomon Smith Barney Mr Lee graduated from the undergraduate program at the Wharton School University of Pennsylvania

Sam DoctorHead of Data Science ResearchIn research 18 years

Head of Data Science Research Former US Small and Mid Cap Technology Analyst and India Small Mid Cap Strategist at JP Morgan Chase

Rob Sluymer CFAHead of Technical Analysis StrategyIn research 26 years

Head of Technical Research with over 26 years experience writing technical research at RBC Capital Markets

L Thomas BlockWashington and Policy StrategistHead of JPM policy 21 years

Tom had a 21-year career at JP Morgan serving as Global Head of Government Relations Prior to joining JP Morgan Chase in 1987 he previously worked in Washington and held several positions with members of the House and Senate serving as Legislative Assistant and Chief of Staff in the House and Legislative Staff Director in the Senate

Alex KernResearch AnalystIn research 3 years

Previously conducted blockchain technology research with Digital Currency Group Prior to that Alex was a Fintech and Payments Equity Research Associate with Cowen amp Co Alex received his BA in History from the University of Pennsylvania in 2014

Ken XuanQuantitative AnalystIn research 4 years

Data scientist with expertise in applied mathematics and statistical analysis Ken was an operations strategy consultant at West Monroe Partners Ken received a BS degree in Management Economics from Purdue University in 2013 and an MS degree in Operations Research from Columbia University in 2017


Executive Summary

bull Overview





bull SECTOR Privacy








Index Description

Index

Price

$

millions

share


Sector Indices













^FSTOK10

^FSTOK40

^FSTOKEQW

^FSTOK250

^FSTOK300

^FSTOKAGG

FSTOK10

FSTOK40

FSTOKEQW

FSTOK250

FSTOK300

FSTOKAGG

^FSTOK10

^FSTOK40

^FSTOKEQW

^FSTOK250

^FSTOK300

^FSTOKAGG

FSTOK10

FSTOK40

FSTOKEQW

FSTOK250

FSTOK300

FSTOKAGG

FSTOKCTB

FSTOKPLT

FSTOKPVT

FSTOKDEX

FSTOKSTB

^FSTOKCTB

^FSTOKPLT

^FSTOKPVT

^FSTOKDEX

^FSTOKSTB

FSTOKCTB

FSTOKPLT

FSTOKPVT

FSTOKDEX

FSTOKSTB

^FSTOKCTB

^FSTOKPLT

^FSTOKPVT

^FSTOKDEX

^FSTOKSTB

The best performing

sector index was FS

CryptoFX Stablecoin

which was down

00

The best performing


FS CryptoFX 10

which was down

97


the FS CryptoFX Agg

Index decreased by

105 compared with

a 13 increase for

the SampP 500

13

(05)

08

(01)

(10)

03

(00)

07

21

(81)

(101)

(105)

(97)

(135)

(173)

(89)

(117)

(142)

(33)

(00)

20

12

03

01

(17)

(03)

04

(14)

(65)

(188)

(223)

(229)

(214)

(293)

(337)

(215)

(240)

(305)

(115)

(00)

SampP 500

Dollar Idx

MSCI All World Idx

BBG US Agg Bond Idx



BBG US Treasury Idx

Gold

Oil

Bitcoin

Ethereum

FS CryptoFX Agg

FS CryptoFX 10

FS CryptoFX 40

FS CryptoFX 250



FS CryptoFX Privacy











Composite

Technical

Score

Win-ratio

Upside less

downside

Volatility

P50D

Weekly RSI

Bitcoin



345678910


Bitcoin

FS 10FS 300



44 45 46 47 48 49 50 51 52 53 54

Bitcoin



-16 -14 -12 -10 -8 -6 -4 -2 0 2

Bitcoin

FS 10FS 300



65 70 75 80 85 90 95 100 105

Bitcoin

FS 10

FS 300FS AGGFS EQW

FS 40FS 250


35 37 39 41 43 45 47 49 51 53




Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Composite

Technical

Rank

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



Bitcoin BTC $690692 1000000 3 52 (3) 923 826 46 (98) (84) (188) 97

FS 10 FSTOK10 $17033 0024661 4 49 (6) 917 807 44 (115) (81) (214) 110


FS 300 FSTOK300 $16935 0024518 6 48 (8) 909 791 43 (122) (94) (229) 118

FS AGG FSTOKAGG $16970 0024569 7 48 (8) 909 791 43 (122) (94) (229) 118


FS EQW FSTOKEQW $20061 0029045 9 49 (10) 870 711 43 (156) (135) (303) 160

FS 40 FSTOK40 $17475 0025301 10 47 (10) 877 717 42 (151) (146) (293) 160


FS 250 FSTOK250 $15884 0022997 12 48 (14) 830 689 42 (185) (190) (337) 142


972

931

906928

970

60

70

80

90

100


Slide 8


FS Crypto

Size

Indices


990

922

889812

68

(20)

0

20

40

60

80

100

FS Crypto

Sector

Indices


the sector index FS


correlation of 990




FS 10

FS 40

FS 250

FS EQ WT

FS Agg

FS Commodity

FS Platform

FS Privacy

FS Exchange

FS Stablecoin






FS 40 (+06)




Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Binance Coin BNB $1538 0002227 30 194972068 1 51 31 1085 1095 62 (108) 80 189 (10 )

DigiByte DGB $003 0000005 03 10324177197 2 53 2 969 853 51 (44) (21) (186) 116

Siacoin SC $001 0000002 05 34755691770 3 50 52 915 706 49 (125) (58) (306) 209

Ripple XRP $060 0000087 604 99992233977 4 48 17 958 833 48 (105) (31) (133) 125

Nxt NXT $013 0000019 01 998999942 5 44 12 950 752 45 (69) (20) (249) 198

OmiseGO OMG $999 0001446 14 140245398 6 47 10 926 736 48 (98) (76) (271) 190

EOS EOS $1159 0001678 104 900000000 7 50 99 901 792 60 (169) (58) (187) 109

ReddCoin RDD $001 0000001 02 28808713174 8 46 26 908 755 50 (150) (51) (215) 153

Dogecoin DOGE $000 0000000 04 114657296497 9 48 11 920 747 47 (146) (55) (277) 173

Bitcoin BTC $690692 1000000 1179 17064837 10 52 (3) 923 826 46 (98) (84) (188) 97

Bitcoin Cash BCH $95856 0138783 164 17156638 11 48 21 915 756 49 (153) (44) (349) 159

VeChain VEN $341 0000494 30 873378637 12 46 12 924 809 53 (176) (12) (251) 115

Ethereum ETH $53328 0077210 532 99768318 13 48 (6) 913 812 49 (122) (81) (223) 101

Litecoin LTC $10752 0015567 61 56764648 14 51 (12) 904 784 45 (113) (103) (242) 120

Waves WAVES $389 0000563 04 100000000 15 48 (6) 899 703 45 (100) (65) (375) 195

Stellar XLM $026 0000037 267 103986155722 16 43 15 901 755 50 (140) (116) (287) 146

IOTA MIOTA $145 0000210 40 2779530283 17 47 28 896 775 50 (147) (249) (237) 121


Waltonchain WTC $993 0001438 07 70000000 19 51 (8) 893 770 49 (230) (113) (235) 123

Qtum QTUM $1198 0001734 12 100633816 20 43 82 887 701 43 (128) (172) (270) 185

BitShares BTS $018 0000026 05 2629060000 21 51 16 863 696 48 (189) (142) (271) 167

Bytom BTM $053 0000077 08 1407000000 22 46 65 850 712 55 (172) (162) (160) 137

Augur REP $3351 0004852 04 11000000 23 50 14 870 773 48 (121) (148) (357) 98

NEM XEM $022 0000032 20 8999999999 24 48 (10) 886 689 42 (112) (125) (330) 197

Cardano ADA $018 0000026 56 31112483745 25 44 61 876 688 49 (160) (185) (331) 188

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



0x ZRX $107 0000155 11 1000000000 26 50 8 865 794 56 (195) (144) (352) 71


Zcash ZEC $20648 0029895 08 4031606 28 50 21 822 737 45 (125) (143) (159) 85

Dash DASH $27181 0039353 22 8100204 29 47 8 862 689 40 (136) (138) (328) 173

Status SNT $008 0000012 06 6804870174 30 46 17 858 665 45 (146) (182) (342) 193

Verge XVG $003 0000005 05 14997869020 31 48 44 828 585 45 (165) (161) (446) 243

QASH QASH $042 0000061 04 1000000000 32 44 38 849 671 46 (167) (169) (323) 179


ICON ICX $217 0000314 09 400228740 34 47 33 829 622 50 (187) (202) (449) 207

DigixDAO DGD $12372 0017912 02 2000000 35 47 (17) 853 620 46 (222) (73) (356) 232

Monero XMR $13804 0019986 22 16083586 36 44 (0) 860 686 43 (161) (124) (316) 175

NEO NEO $4560 0006602 46 100000000 37 40 11 865 703 44 (154) (178) (296) 162

Lisk LSK $726 0001051 09 121695940 38 47 14 829 687 43 (181) (161) (285) 141

Bitcoin Gold BTG $3721 0005387 06 17136861 39 41 5 846 642 44 (172) (152) (348) 204

Storm STORM $003 0000004 03 10000000000 40 43 447 783 556 50 (221) (232) (391) 227

Ardor ARDR $020 0000029 02 998999495 41 50 (20) 823 645 41 (129) (192) (342) 178

TRON TRX $005 0000007 49 100000000000 42 44 52 781 684 52 (178) (168) (290) 97

aelf ELF $079 0000115 02 280000000 43 49 67 784 619 51 (222) (259) (395) 164

Hshare HSR $604 0000874 03 43049264 44 46 44 828 648 42 (190) (242) (362) 180

Cindicator CND $005 0000007 01 2000000005 45 46 (3) 814 606 45 (182) (220) (382) 208

Steem STEEM $187 0000271 05 275215728 46 46 68 769 610 46 (227) (218) (339) 158

Nano NANO $323 0000468 04 133248289 47 41 (5) 799 546 43 (186) (208) (490) 253

Neblio NEBL $575 0000832 01 13913547 48 43 18 749 526 46 (232) (251) (524) 223

Gas GAS $1537 0002225 03 17190378 49 44 1 806 635 45 (230) (248) (396) 171

Stratis STRAT $351 0000508 03 98876181 50 49 (19) 777 611 43 (209) (200) (420) 166

41618 to

42318

42318 to

43018

43018 to

5718

5718 to

51418

51418 to

52118

52118 to

52818

52818 to

6418

6418 to

61118



FS Eq Wt 257 FS 40 139




FS 300 224 FS 250 50 FS 10 46 FS 10 107













FS 250 -103 FS Eq Wt -256 FS 250 -173

FS 40 -257





Here we look at the



using a performance

quilt







was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 112








down 190

-25-22+28

-82-135-99

-43 -190 -112

Over the past week



down 59

Over the past week



was down 90

Over the past week



down 33














-59-116-124

-90-172-69

-33-64+63





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC







plotted





up 52 The worst




66





up 90 The worst




144

+04 -34 -09

-40-64+78

-66-144-247

+52+90+801











-31-31+73

-87-141-402

-57-114-250

Over the past week



was down 31

Over the past week



was down 87

Over the past week



was down 57




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 93 91 97 97 93 99 92 89 81 7 (15) 3 (10) (9) (16) (7) (9) (1) 1

FS CryptoFX 10 100 96 94 100 100 97 99 98 91 82 6 (13) 2 (8) (8) (14) (6) (8) 1 2

FS CryptoFX 40 100 95 97 97 99 95 96 93 83 10 (17) 6 (11) (6) (16) (5) (6) 0 2

FS CryptoFX 250 100 95 95 96 92 94 90 84 11 (16) (2) (9) (1) (11) (3) (2) 7 5

FS CryptoFX 300 100 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Agg 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Eq Wt 100 95 97 92 85 9 (16) 3 (10) (6) (13) (4) (6) 5 3






SampP 500 100 3 92 (33) 60 29 (39) (23) 23

US Dollar Index 100 (0) (6) (9) (30) (5) (68) (25)


US Agg Bond Index 100 14 (14) 99 30 (29)




Gold 100 20

Oil 100


Bit

co

in

Eth

ere

um

Rip

ple

Bit

co

in C

as

h

Lit

ec

oin

EO

S

Ca

rda

no

Ste

lla

r

NE

O

TR

ON

IOT

A

Mo

ne

ro

Da

sh

NE

M

Eth

ere

um

Cla

ssic

Qtu

m

Ve

Ch

ain

Bin

an

ce C

oin

ICO

N

Om

ise

GO

Lis

k

Bitc

oin

Go

ld

Na

no

Zca

sh

Byt

om

Ve

rge

Dig

ixD

AO

Ste

em

Str

atis

Wa

ves

Sia

coin

BitS

ha

res

Do

ge

coin

Sta

tus

Au

gu

r

0x

Wa

lton

cha

in

Hsh

are

Ard

or

QA

SH

Ba

sic

Att

en

ti

Dig

iByt

e

Ga

s

Sto

rm

ae

lf

Re

dd

Co

in

Nxt

Po

we

r L

ed

ge

r

Ne

blio

Cin

dic

ato

r

Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75


Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81


Neblio 100 66

Cindicator 100




Slide 17



Storm 207 overall

Verge 450 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures








Executive Summary

bull Overview





bull SECTOR Privacy








Index Description

Index

Price

$

millions

share


Sector Indices













^FSTOK10

^FSTOK40

^FSTOKEQW

^FSTOK250

^FSTOK300

^FSTOKAGG

FSTOK10

FSTOK40

FSTOKEQW

FSTOK250

FSTOK300

FSTOKAGG

^FSTOK10

^FSTOK40

^FSTOKEQW

^FSTOK250

^FSTOK300

^FSTOKAGG

FSTOK10

FSTOK40

FSTOKEQW

FSTOK250

FSTOK300

FSTOKAGG

FSTOKCTB

FSTOKPLT

FSTOKPVT

FSTOKDEX

FSTOKSTB

^FSTOKCTB

^FSTOKPLT

^FSTOKPVT

^FSTOKDEX

^FSTOKSTB

FSTOKCTB

FSTOKPLT

FSTOKPVT

FSTOKDEX

FSTOKSTB

^FSTOKCTB

^FSTOKPLT

^FSTOKPVT

^FSTOKDEX

^FSTOKSTB

The best performing

sector index was FS

CryptoFX Stablecoin

which was down

00

The best performing


FS CryptoFX 10

which was down

97


the FS CryptoFX Agg

Index decreased by

105 compared with

a 13 increase for

the SampP 500

13

(05)

08

(01)

(10)

03

(00)

07

21

(81)

(101)

(105)

(97)

(135)

(173)

(89)

(117)

(142)

(33)

(00)

20

12

03

01

(17)

(03)

04

(14)

(65)

(188)

(223)

(229)

(214)

(293)

(337)

(215)

(240)

(305)

(115)

(00)

SampP 500

Dollar Idx

MSCI All World Idx

BBG US Agg Bond Idx



BBG US Treasury Idx

Gold

Oil

Bitcoin

Ethereum

FS CryptoFX Agg

FS CryptoFX 10

FS CryptoFX 40

FS CryptoFX 250



FS CryptoFX Privacy











Composite

Technical

Score

Win-ratio

Upside less

downside

Volatility

P50D

Weekly RSI

Bitcoin



345678910


Bitcoin

FS 10FS 300



44 45 46 47 48 49 50 51 52 53 54

Bitcoin



-16 -14 -12 -10 -8 -6 -4 -2 0 2

Bitcoin

FS 10FS 300



65 70 75 80 85 90 95 100 105

Bitcoin

FS 10

FS 300FS AGGFS EQW

FS 40FS 250


35 37 39 41 43 45 47 49 51 53




Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Composite

Technical

Rank

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



Bitcoin BTC $690692 1000000 3 52 (3) 923 826 46 (98) (84) (188) 97

FS 10 FSTOK10 $17033 0024661 4 49 (6) 917 807 44 (115) (81) (214) 110


FS 300 FSTOK300 $16935 0024518 6 48 (8) 909 791 43 (122) (94) (229) 118

FS AGG FSTOKAGG $16970 0024569 7 48 (8) 909 791 43 (122) (94) (229) 118


FS EQW FSTOKEQW $20061 0029045 9 49 (10) 870 711 43 (156) (135) (303) 160

FS 40 FSTOK40 $17475 0025301 10 47 (10) 877 717 42 (151) (146) (293) 160


FS 250 FSTOK250 $15884 0022997 12 48 (14) 830 689 42 (185) (190) (337) 142


972

931

906928

970

60

70

80

90

100


Slide 8


FS Crypto

Size

Indices


990

922

889812

68

(20)

0

20

40

60

80

100

FS Crypto

Sector

Indices


the sector index FS


correlation of 990




FS 10

FS 40

FS 250

FS EQ WT

FS Agg

FS Commodity

FS Platform

FS Privacy

FS Exchange

FS Stablecoin






FS 40 (+06)




Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Binance Coin BNB $1538 0002227 30 194972068 1 51 31 1085 1095 62 (108) 80 189 (10 )

DigiByte DGB $003 0000005 03 10324177197 2 53 2 969 853 51 (44) (21) (186) 116

Siacoin SC $001 0000002 05 34755691770 3 50 52 915 706 49 (125) (58) (306) 209

Ripple XRP $060 0000087 604 99992233977 4 48 17 958 833 48 (105) (31) (133) 125

Nxt NXT $013 0000019 01 998999942 5 44 12 950 752 45 (69) (20) (249) 198

OmiseGO OMG $999 0001446 14 140245398 6 47 10 926 736 48 (98) (76) (271) 190

EOS EOS $1159 0001678 104 900000000 7 50 99 901 792 60 (169) (58) (187) 109

ReddCoin RDD $001 0000001 02 28808713174 8 46 26 908 755 50 (150) (51) (215) 153

Dogecoin DOGE $000 0000000 04 114657296497 9 48 11 920 747 47 (146) (55) (277) 173

Bitcoin BTC $690692 1000000 1179 17064837 10 52 (3) 923 826 46 (98) (84) (188) 97

Bitcoin Cash BCH $95856 0138783 164 17156638 11 48 21 915 756 49 (153) (44) (349) 159

VeChain VEN $341 0000494 30 873378637 12 46 12 924 809 53 (176) (12) (251) 115

Ethereum ETH $53328 0077210 532 99768318 13 48 (6) 913 812 49 (122) (81) (223) 101

Litecoin LTC $10752 0015567 61 56764648 14 51 (12) 904 784 45 (113) (103) (242) 120

Waves WAVES $389 0000563 04 100000000 15 48 (6) 899 703 45 (100) (65) (375) 195

Stellar XLM $026 0000037 267 103986155722 16 43 15 901 755 50 (140) (116) (287) 146

IOTA MIOTA $145 0000210 40 2779530283 17 47 28 896 775 50 (147) (249) (237) 121


Waltonchain WTC $993 0001438 07 70000000 19 51 (8) 893 770 49 (230) (113) (235) 123

Qtum QTUM $1198 0001734 12 100633816 20 43 82 887 701 43 (128) (172) (270) 185

BitShares BTS $018 0000026 05 2629060000 21 51 16 863 696 48 (189) (142) (271) 167

Bytom BTM $053 0000077 08 1407000000 22 46 65 850 712 55 (172) (162) (160) 137

Augur REP $3351 0004852 04 11000000 23 50 14 870 773 48 (121) (148) (357) 98

NEM XEM $022 0000032 20 8999999999 24 48 (10) 886 689 42 (112) (125) (330) 197

Cardano ADA $018 0000026 56 31112483745 25 44 61 876 688 49 (160) (185) (331) 188

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



0x ZRX $107 0000155 11 1000000000 26 50 8 865 794 56 (195) (144) (352) 71


Zcash ZEC $20648 0029895 08 4031606 28 50 21 822 737 45 (125) (143) (159) 85

Dash DASH $27181 0039353 22 8100204 29 47 8 862 689 40 (136) (138) (328) 173

Status SNT $008 0000012 06 6804870174 30 46 17 858 665 45 (146) (182) (342) 193

Verge XVG $003 0000005 05 14997869020 31 48 44 828 585 45 (165) (161) (446) 243

QASH QASH $042 0000061 04 1000000000 32 44 38 849 671 46 (167) (169) (323) 179


ICON ICX $217 0000314 09 400228740 34 47 33 829 622 50 (187) (202) (449) 207

DigixDAO DGD $12372 0017912 02 2000000 35 47 (17) 853 620 46 (222) (73) (356) 232

Monero XMR $13804 0019986 22 16083586 36 44 (0) 860 686 43 (161) (124) (316) 175

NEO NEO $4560 0006602 46 100000000 37 40 11 865 703 44 (154) (178) (296) 162

Lisk LSK $726 0001051 09 121695940 38 47 14 829 687 43 (181) (161) (285) 141

Bitcoin Gold BTG $3721 0005387 06 17136861 39 41 5 846 642 44 (172) (152) (348) 204

Storm STORM $003 0000004 03 10000000000 40 43 447 783 556 50 (221) (232) (391) 227

Ardor ARDR $020 0000029 02 998999495 41 50 (20) 823 645 41 (129) (192) (342) 178

TRON TRX $005 0000007 49 100000000000 42 44 52 781 684 52 (178) (168) (290) 97

aelf ELF $079 0000115 02 280000000 43 49 67 784 619 51 (222) (259) (395) 164

Hshare HSR $604 0000874 03 43049264 44 46 44 828 648 42 (190) (242) (362) 180

Cindicator CND $005 0000007 01 2000000005 45 46 (3) 814 606 45 (182) (220) (382) 208

Steem STEEM $187 0000271 05 275215728 46 46 68 769 610 46 (227) (218) (339) 158

Nano NANO $323 0000468 04 133248289 47 41 (5) 799 546 43 (186) (208) (490) 253

Neblio NEBL $575 0000832 01 13913547 48 43 18 749 526 46 (232) (251) (524) 223

Gas GAS $1537 0002225 03 17190378 49 44 1 806 635 45 (230) (248) (396) 171

Stratis STRAT $351 0000508 03 98876181 50 49 (19) 777 611 43 (209) (200) (420) 166

41618 to

42318

42318 to

43018

43018 to

5718

5718 to

51418

51418 to

52118

52118 to

52818

52818 to

6418

6418 to

61118



FS Eq Wt 257 FS 40 139




FS 300 224 FS 250 50 FS 10 46 FS 10 107













FS 250 -103 FS Eq Wt -256 FS 250 -173

FS 40 -257





Here we look at the



using a performance

quilt







was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 112








down 190

-25-22+28

-82-135-99

-43 -190 -112

Over the past week



down 59

Over the past week



was down 90

Over the past week



down 33














-59-116-124

-90-172-69

-33-64+63





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC







plotted





up 52 The worst




66





up 90 The worst




144

+04 -34 -09

-40-64+78

-66-144-247

+52+90+801











-31-31+73

-87-141-402

-57-114-250

Over the past week



was down 31

Over the past week



was down 87

Over the past week



was down 57




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 93 91 97 97 93 99 92 89 81 7 (15) 3 (10) (9) (16) (7) (9) (1) 1

FS CryptoFX 10 100 96 94 100 100 97 99 98 91 82 6 (13) 2 (8) (8) (14) (6) (8) 1 2

FS CryptoFX 40 100 95 97 97 99 95 96 93 83 10 (17) 6 (11) (6) (16) (5) (6) 0 2

FS CryptoFX 250 100 95 95 96 92 94 90 84 11 (16) (2) (9) (1) (11) (3) (2) 7 5

FS CryptoFX 300 100 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Agg 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Eq Wt 100 95 97 92 85 9 (16) 3 (10) (6) (13) (4) (6) 5 3






SampP 500 100 3 92 (33) 60 29 (39) (23) 23

US Dollar Index 100 (0) (6) (9) (30) (5) (68) (25)


US Agg Bond Index 100 14 (14) 99 30 (29)




Gold 100 20

Oil 100


Bit

co

in

Eth

ere

um

Rip

ple

Bit

co

in C

as

h

Lit

ec

oin

EO

S

Ca

rda

no

Ste

lla

r

NE

O

TR

ON

IOT

A

Mo

ne

ro

Da

sh

NE

M

Eth

ere

um

Cla

ssic

Qtu

m

Ve

Ch

ain

Bin

an

ce C

oin

ICO

N

Om

ise

GO

Lis

k

Bitc

oin

Go

ld

Na

no

Zca

sh

Byt

om

Ve

rge

Dig

ixD

AO

Ste

em

Str

atis

Wa

ves

Sia

coin

BitS

ha

res

Do

ge

coin

Sta

tus

Au

gu

r

0x

Wa

lton

cha

in

Hsh

are

Ard

or

QA

SH

Ba

sic

Att

en

ti

Dig

iByt

e

Ga

s

Sto

rm

ae

lf

Re

dd

Co

in

Nxt

Po

we

r L

ed

ge

r

Ne

blio

Cin

dic

ato

r

Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75


Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81


Neblio 100 66

Cindicator 100




Slide 17



Storm 207 overall

Verge 450 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures













Index Description

Index

Price

$

millions

share


Sector Indices













^FSTOK10

^FSTOK40

^FSTOKEQW

^FSTOK250

^FSTOK300

^FSTOKAGG

FSTOK10

FSTOK40

FSTOKEQW

FSTOK250

FSTOK300

FSTOKAGG

^FSTOK10

^FSTOK40

^FSTOKEQW

^FSTOK250

^FSTOK300

^FSTOKAGG

FSTOK10

FSTOK40

FSTOKEQW

FSTOK250

FSTOK300

FSTOKAGG

FSTOKCTB

FSTOKPLT

FSTOKPVT

FSTOKDEX

FSTOKSTB

^FSTOKCTB

^FSTOKPLT

^FSTOKPVT

^FSTOKDEX

^FSTOKSTB

FSTOKCTB

FSTOKPLT

FSTOKPVT

FSTOKDEX

FSTOKSTB

^FSTOKCTB

^FSTOKPLT

^FSTOKPVT

^FSTOKDEX

^FSTOKSTB

The best performing

sector index was FS

CryptoFX Stablecoin

which was down

00

The best performing


FS CryptoFX 10

which was down

97


the FS CryptoFX Agg

Index decreased by

105 compared with

a 13 increase for

the SampP 500

13

(05)

08

(01)

(10)

03

(00)

07

21

(81)

(101)

(105)

(97)

(135)

(173)

(89)

(117)

(142)

(33)

(00)

20

12

03

01

(17)

(03)

04

(14)

(65)

(188)

(223)

(229)

(214)

(293)

(337)

(215)

(240)

(305)

(115)

(00)

SampP 500

Dollar Idx

MSCI All World Idx

BBG US Agg Bond Idx



BBG US Treasury Idx

Gold

Oil

Bitcoin

Ethereum

FS CryptoFX Agg

FS CryptoFX 10

FS CryptoFX 40

FS CryptoFX 250



FS CryptoFX Privacy











Composite

Technical

Score

Win-ratio

Upside less

downside

Volatility

P50D

Weekly RSI

Bitcoin



345678910


Bitcoin

FS 10FS 300



44 45 46 47 48 49 50 51 52 53 54

Bitcoin



-16 -14 -12 -10 -8 -6 -4 -2 0 2

Bitcoin

FS 10FS 300



65 70 75 80 85 90 95 100 105

Bitcoin

FS 10

FS 300FS AGGFS EQW

FS 40FS 250


35 37 39 41 43 45 47 49 51 53




Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Composite

Technical

Rank

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



Bitcoin BTC $690692 1000000 3 52 (3) 923 826 46 (98) (84) (188) 97

FS 10 FSTOK10 $17033 0024661 4 49 (6) 917 807 44 (115) (81) (214) 110


FS 300 FSTOK300 $16935 0024518 6 48 (8) 909 791 43 (122) (94) (229) 118

FS AGG FSTOKAGG $16970 0024569 7 48 (8) 909 791 43 (122) (94) (229) 118


FS EQW FSTOKEQW $20061 0029045 9 49 (10) 870 711 43 (156) (135) (303) 160

FS 40 FSTOK40 $17475 0025301 10 47 (10) 877 717 42 (151) (146) (293) 160


FS 250 FSTOK250 $15884 0022997 12 48 (14) 830 689 42 (185) (190) (337) 142


972

931

906928

970

60

70

80

90

100


Slide 8


FS Crypto

Size

Indices


990

922

889812

68

(20)

0

20

40

60

80

100

FS Crypto

Sector

Indices


the sector index FS


correlation of 990




FS 10

FS 40

FS 250

FS EQ WT

FS Agg

FS Commodity

FS Platform

FS Privacy

FS Exchange

FS Stablecoin






FS 40 (+06)




Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Binance Coin BNB $1538 0002227 30 194972068 1 51 31 1085 1095 62 (108) 80 189 (10 )

DigiByte DGB $003 0000005 03 10324177197 2 53 2 969 853 51 (44) (21) (186) 116

Siacoin SC $001 0000002 05 34755691770 3 50 52 915 706 49 (125) (58) (306) 209

Ripple XRP $060 0000087 604 99992233977 4 48 17 958 833 48 (105) (31) (133) 125

Nxt NXT $013 0000019 01 998999942 5 44 12 950 752 45 (69) (20) (249) 198

OmiseGO OMG $999 0001446 14 140245398 6 47 10 926 736 48 (98) (76) (271) 190

EOS EOS $1159 0001678 104 900000000 7 50 99 901 792 60 (169) (58) (187) 109

ReddCoin RDD $001 0000001 02 28808713174 8 46 26 908 755 50 (150) (51) (215) 153

Dogecoin DOGE $000 0000000 04 114657296497 9 48 11 920 747 47 (146) (55) (277) 173

Bitcoin BTC $690692 1000000 1179 17064837 10 52 (3) 923 826 46 (98) (84) (188) 97

Bitcoin Cash BCH $95856 0138783 164 17156638 11 48 21 915 756 49 (153) (44) (349) 159

VeChain VEN $341 0000494 30 873378637 12 46 12 924 809 53 (176) (12) (251) 115

Ethereum ETH $53328 0077210 532 99768318 13 48 (6) 913 812 49 (122) (81) (223) 101

Litecoin LTC $10752 0015567 61 56764648 14 51 (12) 904 784 45 (113) (103) (242) 120

Waves WAVES $389 0000563 04 100000000 15 48 (6) 899 703 45 (100) (65) (375) 195

Stellar XLM $026 0000037 267 103986155722 16 43 15 901 755 50 (140) (116) (287) 146

IOTA MIOTA $145 0000210 40 2779530283 17 47 28 896 775 50 (147) (249) (237) 121


Waltonchain WTC $993 0001438 07 70000000 19 51 (8) 893 770 49 (230) (113) (235) 123

Qtum QTUM $1198 0001734 12 100633816 20 43 82 887 701 43 (128) (172) (270) 185

BitShares BTS $018 0000026 05 2629060000 21 51 16 863 696 48 (189) (142) (271) 167

Bytom BTM $053 0000077 08 1407000000 22 46 65 850 712 55 (172) (162) (160) 137

Augur REP $3351 0004852 04 11000000 23 50 14 870 773 48 (121) (148) (357) 98

NEM XEM $022 0000032 20 8999999999 24 48 (10) 886 689 42 (112) (125) (330) 197

Cardano ADA $018 0000026 56 31112483745 25 44 61 876 688 49 (160) (185) (331) 188

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



0x ZRX $107 0000155 11 1000000000 26 50 8 865 794 56 (195) (144) (352) 71


Zcash ZEC $20648 0029895 08 4031606 28 50 21 822 737 45 (125) (143) (159) 85

Dash DASH $27181 0039353 22 8100204 29 47 8 862 689 40 (136) (138) (328) 173

Status SNT $008 0000012 06 6804870174 30 46 17 858 665 45 (146) (182) (342) 193

Verge XVG $003 0000005 05 14997869020 31 48 44 828 585 45 (165) (161) (446) 243

QASH QASH $042 0000061 04 1000000000 32 44 38 849 671 46 (167) (169) (323) 179


ICON ICX $217 0000314 09 400228740 34 47 33 829 622 50 (187) (202) (449) 207

DigixDAO DGD $12372 0017912 02 2000000 35 47 (17) 853 620 46 (222) (73) (356) 232

Monero XMR $13804 0019986 22 16083586 36 44 (0) 860 686 43 (161) (124) (316) 175

NEO NEO $4560 0006602 46 100000000 37 40 11 865 703 44 (154) (178) (296) 162

Lisk LSK $726 0001051 09 121695940 38 47 14 829 687 43 (181) (161) (285) 141

Bitcoin Gold BTG $3721 0005387 06 17136861 39 41 5 846 642 44 (172) (152) (348) 204

Storm STORM $003 0000004 03 10000000000 40 43 447 783 556 50 (221) (232) (391) 227

Ardor ARDR $020 0000029 02 998999495 41 50 (20) 823 645 41 (129) (192) (342) 178

TRON TRX $005 0000007 49 100000000000 42 44 52 781 684 52 (178) (168) (290) 97

aelf ELF $079 0000115 02 280000000 43 49 67 784 619 51 (222) (259) (395) 164

Hshare HSR $604 0000874 03 43049264 44 46 44 828 648 42 (190) (242) (362) 180

Cindicator CND $005 0000007 01 2000000005 45 46 (3) 814 606 45 (182) (220) (382) 208

Steem STEEM $187 0000271 05 275215728 46 46 68 769 610 46 (227) (218) (339) 158

Nano NANO $323 0000468 04 133248289 47 41 (5) 799 546 43 (186) (208) (490) 253

Neblio NEBL $575 0000832 01 13913547 48 43 18 749 526 46 (232) (251) (524) 223

Gas GAS $1537 0002225 03 17190378 49 44 1 806 635 45 (230) (248) (396) 171

Stratis STRAT $351 0000508 03 98876181 50 49 (19) 777 611 43 (209) (200) (420) 166

41618 to

42318

42318 to

43018

43018 to

5718

5718 to

51418

51418 to

52118

52118 to

52818

52818 to

6418

6418 to

61118



FS Eq Wt 257 FS 40 139




FS 300 224 FS 250 50 FS 10 46 FS 10 107













FS 250 -103 FS Eq Wt -256 FS 250 -173

FS 40 -257





Here we look at the



using a performance

quilt







was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 112








down 190

-25-22+28

-82-135-99

-43 -190 -112

Over the past week



down 59

Over the past week



was down 90

Over the past week



down 33














-59-116-124

-90-172-69

-33-64+63





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC







plotted





up 52 The worst




66





up 90 The worst




144

+04 -34 -09

-40-64+78

-66-144-247

+52+90+801











-31-31+73

-87-141-402

-57-114-250

Over the past week



was down 31

Over the past week



was down 87

Over the past week



was down 57




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 93 91 97 97 93 99 92 89 81 7 (15) 3 (10) (9) (16) (7) (9) (1) 1

FS CryptoFX 10 100 96 94 100 100 97 99 98 91 82 6 (13) 2 (8) (8) (14) (6) (8) 1 2

FS CryptoFX 40 100 95 97 97 99 95 96 93 83 10 (17) 6 (11) (6) (16) (5) (6) 0 2

FS CryptoFX 250 100 95 95 96 92 94 90 84 11 (16) (2) (9) (1) (11) (3) (2) 7 5

FS CryptoFX 300 100 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Agg 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Eq Wt 100 95 97 92 85 9 (16) 3 (10) (6) (13) (4) (6) 5 3






SampP 500 100 3 92 (33) 60 29 (39) (23) 23

US Dollar Index 100 (0) (6) (9) (30) (5) (68) (25)


US Agg Bond Index 100 14 (14) 99 30 (29)




Gold 100 20

Oil 100


Bit

co

in

Eth

ere

um

Rip

ple

Bit

co

in C

as

h

Lit

ec

oin

EO

S

Ca

rda

no

Ste

lla

r

NE

O

TR

ON

IOT

A

Mo

ne

ro

Da

sh

NE

M

Eth

ere

um

Cla

ssic

Qtu

m

Ve

Ch

ain

Bin

an

ce C

oin

ICO

N

Om

ise

GO

Lis

k

Bitc

oin

Go

ld

Na

no

Zca

sh

Byt

om

Ve

rge

Dig

ixD

AO

Ste

em

Str

atis

Wa

ves

Sia

coin

BitS

ha

res

Do

ge

coin

Sta

tus

Au

gu

r

0x

Wa

lton

cha

in

Hsh

are

Ard

or

QA

SH

Ba

sic

Att

en

ti

Dig

iByt

e

Ga

s

Sto

rm

ae

lf

Re

dd

Co

in

Nxt

Po

we

r L

ed

ge

r

Ne

blio

Cin

dic

ato

r

Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75


Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81


Neblio 100 66

Cindicator 100




Slide 17



Storm 207 overall

Verge 450 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







The best performing

sector index was FS

CryptoFX Stablecoin

which was down

00

The best performing


FS CryptoFX 10

which was down

97


the FS CryptoFX Agg

Index decreased by

105 compared with

a 13 increase for

the SampP 500

13

(05)

08

(01)

(10)

03

(00)

07

21

(81)

(101)

(105)

(97)

(135)

(173)

(89)

(117)

(142)

(33)

(00)

20

12

03

01

(17)

(03)

04

(14)

(65)

(188)

(223)

(229)

(214)

(293)

(337)

(215)

(240)

(305)

(115)

(00)

SampP 500

Dollar Idx

MSCI All World Idx

BBG US Agg Bond Idx



BBG US Treasury Idx

Gold

Oil

Bitcoin

Ethereum

FS CryptoFX Agg

FS CryptoFX 10

FS CryptoFX 40

FS CryptoFX 250



FS CryptoFX Privacy











Composite

Technical

Score

Win-ratio

Upside less

downside

Volatility

P50D

Weekly RSI

Bitcoin



345678910


Bitcoin

FS 10FS 300



44 45 46 47 48 49 50 51 52 53 54

Bitcoin



-16 -14 -12 -10 -8 -6 -4 -2 0 2

Bitcoin

FS 10FS 300



65 70 75 80 85 90 95 100 105

Bitcoin

FS 10

FS 300FS AGGFS EQW

FS 40FS 250


35 37 39 41 43 45 47 49 51 53




Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Composite

Technical

Rank

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



Bitcoin BTC $690692 1000000 3 52 (3) 923 826 46 (98) (84) (188) 97

FS 10 FSTOK10 $17033 0024661 4 49 (6) 917 807 44 (115) (81) (214) 110


FS 300 FSTOK300 $16935 0024518 6 48 (8) 909 791 43 (122) (94) (229) 118

FS AGG FSTOKAGG $16970 0024569 7 48 (8) 909 791 43 (122) (94) (229) 118


FS EQW FSTOKEQW $20061 0029045 9 49 (10) 870 711 43 (156) (135) (303) 160

FS 40 FSTOK40 $17475 0025301 10 47 (10) 877 717 42 (151) (146) (293) 160


FS 250 FSTOK250 $15884 0022997 12 48 (14) 830 689 42 (185) (190) (337) 142


972

931

906928

970

60

70

80

90

100


Slide 8


FS Crypto

Size

Indices


990

922

889812

68

(20)

0

20

40

60

80

100

FS Crypto

Sector

Indices


the sector index FS


correlation of 990




FS 10

FS 40

FS 250

FS EQ WT

FS Agg

FS Commodity

FS Platform

FS Privacy

FS Exchange

FS Stablecoin






FS 40 (+06)




Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Binance Coin BNB $1538 0002227 30 194972068 1 51 31 1085 1095 62 (108) 80 189 (10 )

DigiByte DGB $003 0000005 03 10324177197 2 53 2 969 853 51 (44) (21) (186) 116

Siacoin SC $001 0000002 05 34755691770 3 50 52 915 706 49 (125) (58) (306) 209

Ripple XRP $060 0000087 604 99992233977 4 48 17 958 833 48 (105) (31) (133) 125

Nxt NXT $013 0000019 01 998999942 5 44 12 950 752 45 (69) (20) (249) 198

OmiseGO OMG $999 0001446 14 140245398 6 47 10 926 736 48 (98) (76) (271) 190

EOS EOS $1159 0001678 104 900000000 7 50 99 901 792 60 (169) (58) (187) 109

ReddCoin RDD $001 0000001 02 28808713174 8 46 26 908 755 50 (150) (51) (215) 153

Dogecoin DOGE $000 0000000 04 114657296497 9 48 11 920 747 47 (146) (55) (277) 173

Bitcoin BTC $690692 1000000 1179 17064837 10 52 (3) 923 826 46 (98) (84) (188) 97

Bitcoin Cash BCH $95856 0138783 164 17156638 11 48 21 915 756 49 (153) (44) (349) 159

VeChain VEN $341 0000494 30 873378637 12 46 12 924 809 53 (176) (12) (251) 115

Ethereum ETH $53328 0077210 532 99768318 13 48 (6) 913 812 49 (122) (81) (223) 101

Litecoin LTC $10752 0015567 61 56764648 14 51 (12) 904 784 45 (113) (103) (242) 120

Waves WAVES $389 0000563 04 100000000 15 48 (6) 899 703 45 (100) (65) (375) 195

Stellar XLM $026 0000037 267 103986155722 16 43 15 901 755 50 (140) (116) (287) 146

IOTA MIOTA $145 0000210 40 2779530283 17 47 28 896 775 50 (147) (249) (237) 121


Waltonchain WTC $993 0001438 07 70000000 19 51 (8) 893 770 49 (230) (113) (235) 123

Qtum QTUM $1198 0001734 12 100633816 20 43 82 887 701 43 (128) (172) (270) 185

BitShares BTS $018 0000026 05 2629060000 21 51 16 863 696 48 (189) (142) (271) 167

Bytom BTM $053 0000077 08 1407000000 22 46 65 850 712 55 (172) (162) (160) 137

Augur REP $3351 0004852 04 11000000 23 50 14 870 773 48 (121) (148) (357) 98

NEM XEM $022 0000032 20 8999999999 24 48 (10) 886 689 42 (112) (125) (330) 197

Cardano ADA $018 0000026 56 31112483745 25 44 61 876 688 49 (160) (185) (331) 188

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



0x ZRX $107 0000155 11 1000000000 26 50 8 865 794 56 (195) (144) (352) 71


Zcash ZEC $20648 0029895 08 4031606 28 50 21 822 737 45 (125) (143) (159) 85

Dash DASH $27181 0039353 22 8100204 29 47 8 862 689 40 (136) (138) (328) 173

Status SNT $008 0000012 06 6804870174 30 46 17 858 665 45 (146) (182) (342) 193

Verge XVG $003 0000005 05 14997869020 31 48 44 828 585 45 (165) (161) (446) 243

QASH QASH $042 0000061 04 1000000000 32 44 38 849 671 46 (167) (169) (323) 179


ICON ICX $217 0000314 09 400228740 34 47 33 829 622 50 (187) (202) (449) 207

DigixDAO DGD $12372 0017912 02 2000000 35 47 (17) 853 620 46 (222) (73) (356) 232

Monero XMR $13804 0019986 22 16083586 36 44 (0) 860 686 43 (161) (124) (316) 175

NEO NEO $4560 0006602 46 100000000 37 40 11 865 703 44 (154) (178) (296) 162

Lisk LSK $726 0001051 09 121695940 38 47 14 829 687 43 (181) (161) (285) 141

Bitcoin Gold BTG $3721 0005387 06 17136861 39 41 5 846 642 44 (172) (152) (348) 204

Storm STORM $003 0000004 03 10000000000 40 43 447 783 556 50 (221) (232) (391) 227

Ardor ARDR $020 0000029 02 998999495 41 50 (20) 823 645 41 (129) (192) (342) 178

TRON TRX $005 0000007 49 100000000000 42 44 52 781 684 52 (178) (168) (290) 97

aelf ELF $079 0000115 02 280000000 43 49 67 784 619 51 (222) (259) (395) 164

Hshare HSR $604 0000874 03 43049264 44 46 44 828 648 42 (190) (242) (362) 180

Cindicator CND $005 0000007 01 2000000005 45 46 (3) 814 606 45 (182) (220) (382) 208

Steem STEEM $187 0000271 05 275215728 46 46 68 769 610 46 (227) (218) (339) 158

Nano NANO $323 0000468 04 133248289 47 41 (5) 799 546 43 (186) (208) (490) 253

Neblio NEBL $575 0000832 01 13913547 48 43 18 749 526 46 (232) (251) (524) 223

Gas GAS $1537 0002225 03 17190378 49 44 1 806 635 45 (230) (248) (396) 171

Stratis STRAT $351 0000508 03 98876181 50 49 (19) 777 611 43 (209) (200) (420) 166

41618 to

42318

42318 to

43018

43018 to

5718

5718 to

51418

51418 to

52118

52118 to

52818

52818 to

6418

6418 to

61118



FS Eq Wt 257 FS 40 139




FS 300 224 FS 250 50 FS 10 46 FS 10 107













FS 250 -103 FS Eq Wt -256 FS 250 -173

FS 40 -257





Here we look at the



using a performance

quilt







was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 112








down 190

-25-22+28

-82-135-99

-43 -190 -112

Over the past week



down 59

Over the past week



was down 90

Over the past week



down 33














-59-116-124

-90-172-69

-33-64+63





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC







plotted





up 52 The worst




66





up 90 The worst




144

+04 -34 -09

-40-64+78

-66-144-247

+52+90+801











-31-31+73

-87-141-402

-57-114-250

Over the past week



was down 31

Over the past week



was down 87

Over the past week



was down 57




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 93 91 97 97 93 99 92 89 81 7 (15) 3 (10) (9) (16) (7) (9) (1) 1

FS CryptoFX 10 100 96 94 100 100 97 99 98 91 82 6 (13) 2 (8) (8) (14) (6) (8) 1 2

FS CryptoFX 40 100 95 97 97 99 95 96 93 83 10 (17) 6 (11) (6) (16) (5) (6) 0 2

FS CryptoFX 250 100 95 95 96 92 94 90 84 11 (16) (2) (9) (1) (11) (3) (2) 7 5

FS CryptoFX 300 100 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Agg 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Eq Wt 100 95 97 92 85 9 (16) 3 (10) (6) (13) (4) (6) 5 3






SampP 500 100 3 92 (33) 60 29 (39) (23) 23

US Dollar Index 100 (0) (6) (9) (30) (5) (68) (25)


US Agg Bond Index 100 14 (14) 99 30 (29)




Gold 100 20

Oil 100


Bit

co

in

Eth

ere

um

Rip

ple

Bit

co

in C

as

h

Lit

ec

oin

EO

S

Ca

rda

no

Ste

lla

r

NE

O

TR

ON

IOT

A

Mo

ne

ro

Da

sh

NE

M

Eth

ere

um

Cla

ssic

Qtu

m

Ve

Ch

ain

Bin

an

ce C

oin

ICO

N

Om

ise

GO

Lis

k

Bitc

oin

Go

ld

Na

no

Zca

sh

Byt

om

Ve

rge

Dig

ixD

AO

Ste

em

Str

atis

Wa

ves

Sia

coin

BitS

ha

res

Do

ge

coin

Sta

tus

Au

gu

r

0x

Wa

lton

cha

in

Hsh

are

Ard

or

QA

SH

Ba

sic

Att

en

ti

Dig

iByt

e

Ga

s

Sto

rm

ae

lf

Re

dd

Co

in

Nxt

Po

we

r L

ed

ge

r

Ne

blio

Cin

dic

ato

r

Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75


Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81


Neblio 100 66

Cindicator 100




Slide 17



Storm 207 overall

Verge 450 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures









Composite

Technical

Score

Win-ratio

Upside less

downside

Volatility

P50D

Weekly RSI

Bitcoin



345678910


Bitcoin

FS 10FS 300



44 45 46 47 48 49 50 51 52 53 54

Bitcoin



-16 -14 -12 -10 -8 -6 -4 -2 0 2

Bitcoin

FS 10FS 300



65 70 75 80 85 90 95 100 105

Bitcoin

FS 10

FS 300FS AGGFS EQW

FS 40FS 250


35 37 39 41 43 45 47 49 51 53




Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Composite

Technical

Rank

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



Bitcoin BTC $690692 1000000 3 52 (3) 923 826 46 (98) (84) (188) 97

FS 10 FSTOK10 $17033 0024661 4 49 (6) 917 807 44 (115) (81) (214) 110


FS 300 FSTOK300 $16935 0024518 6 48 (8) 909 791 43 (122) (94) (229) 118

FS AGG FSTOKAGG $16970 0024569 7 48 (8) 909 791 43 (122) (94) (229) 118


FS EQW FSTOKEQW $20061 0029045 9 49 (10) 870 711 43 (156) (135) (303) 160

FS 40 FSTOK40 $17475 0025301 10 47 (10) 877 717 42 (151) (146) (293) 160


FS 250 FSTOK250 $15884 0022997 12 48 (14) 830 689 42 (185) (190) (337) 142


972

931

906928

970

60

70

80

90

100


Slide 8


FS Crypto

Size

Indices


990

922

889812

68

(20)

0

20

40

60

80

100

FS Crypto

Sector

Indices


the sector index FS


correlation of 990




FS 10

FS 40

FS 250

FS EQ WT

FS Agg

FS Commodity

FS Platform

FS Privacy

FS Exchange

FS Stablecoin






FS 40 (+06)




Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Binance Coin BNB $1538 0002227 30 194972068 1 51 31 1085 1095 62 (108) 80 189 (10 )

DigiByte DGB $003 0000005 03 10324177197 2 53 2 969 853 51 (44) (21) (186) 116

Siacoin SC $001 0000002 05 34755691770 3 50 52 915 706 49 (125) (58) (306) 209

Ripple XRP $060 0000087 604 99992233977 4 48 17 958 833 48 (105) (31) (133) 125

Nxt NXT $013 0000019 01 998999942 5 44 12 950 752 45 (69) (20) (249) 198

OmiseGO OMG $999 0001446 14 140245398 6 47 10 926 736 48 (98) (76) (271) 190

EOS EOS $1159 0001678 104 900000000 7 50 99 901 792 60 (169) (58) (187) 109

ReddCoin RDD $001 0000001 02 28808713174 8 46 26 908 755 50 (150) (51) (215) 153

Dogecoin DOGE $000 0000000 04 114657296497 9 48 11 920 747 47 (146) (55) (277) 173

Bitcoin BTC $690692 1000000 1179 17064837 10 52 (3) 923 826 46 (98) (84) (188) 97

Bitcoin Cash BCH $95856 0138783 164 17156638 11 48 21 915 756 49 (153) (44) (349) 159

VeChain VEN $341 0000494 30 873378637 12 46 12 924 809 53 (176) (12) (251) 115

Ethereum ETH $53328 0077210 532 99768318 13 48 (6) 913 812 49 (122) (81) (223) 101

Litecoin LTC $10752 0015567 61 56764648 14 51 (12) 904 784 45 (113) (103) (242) 120

Waves WAVES $389 0000563 04 100000000 15 48 (6) 899 703 45 (100) (65) (375) 195

Stellar XLM $026 0000037 267 103986155722 16 43 15 901 755 50 (140) (116) (287) 146

IOTA MIOTA $145 0000210 40 2779530283 17 47 28 896 775 50 (147) (249) (237) 121


Waltonchain WTC $993 0001438 07 70000000 19 51 (8) 893 770 49 (230) (113) (235) 123

Qtum QTUM $1198 0001734 12 100633816 20 43 82 887 701 43 (128) (172) (270) 185

BitShares BTS $018 0000026 05 2629060000 21 51 16 863 696 48 (189) (142) (271) 167

Bytom BTM $053 0000077 08 1407000000 22 46 65 850 712 55 (172) (162) (160) 137

Augur REP $3351 0004852 04 11000000 23 50 14 870 773 48 (121) (148) (357) 98

NEM XEM $022 0000032 20 8999999999 24 48 (10) 886 689 42 (112) (125) (330) 197

Cardano ADA $018 0000026 56 31112483745 25 44 61 876 688 49 (160) (185) (331) 188

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



0x ZRX $107 0000155 11 1000000000 26 50 8 865 794 56 (195) (144) (352) 71


Zcash ZEC $20648 0029895 08 4031606 28 50 21 822 737 45 (125) (143) (159) 85

Dash DASH $27181 0039353 22 8100204 29 47 8 862 689 40 (136) (138) (328) 173

Status SNT $008 0000012 06 6804870174 30 46 17 858 665 45 (146) (182) (342) 193

Verge XVG $003 0000005 05 14997869020 31 48 44 828 585 45 (165) (161) (446) 243

QASH QASH $042 0000061 04 1000000000 32 44 38 849 671 46 (167) (169) (323) 179


ICON ICX $217 0000314 09 400228740 34 47 33 829 622 50 (187) (202) (449) 207

DigixDAO DGD $12372 0017912 02 2000000 35 47 (17) 853 620 46 (222) (73) (356) 232

Monero XMR $13804 0019986 22 16083586 36 44 (0) 860 686 43 (161) (124) (316) 175

NEO NEO $4560 0006602 46 100000000 37 40 11 865 703 44 (154) (178) (296) 162

Lisk LSK $726 0001051 09 121695940 38 47 14 829 687 43 (181) (161) (285) 141

Bitcoin Gold BTG $3721 0005387 06 17136861 39 41 5 846 642 44 (172) (152) (348) 204

Storm STORM $003 0000004 03 10000000000 40 43 447 783 556 50 (221) (232) (391) 227

Ardor ARDR $020 0000029 02 998999495 41 50 (20) 823 645 41 (129) (192) (342) 178

TRON TRX $005 0000007 49 100000000000 42 44 52 781 684 52 (178) (168) (290) 97

aelf ELF $079 0000115 02 280000000 43 49 67 784 619 51 (222) (259) (395) 164

Hshare HSR $604 0000874 03 43049264 44 46 44 828 648 42 (190) (242) (362) 180

Cindicator CND $005 0000007 01 2000000005 45 46 (3) 814 606 45 (182) (220) (382) 208

Steem STEEM $187 0000271 05 275215728 46 46 68 769 610 46 (227) (218) (339) 158

Nano NANO $323 0000468 04 133248289 47 41 (5) 799 546 43 (186) (208) (490) 253

Neblio NEBL $575 0000832 01 13913547 48 43 18 749 526 46 (232) (251) (524) 223

Gas GAS $1537 0002225 03 17190378 49 44 1 806 635 45 (230) (248) (396) 171

Stratis STRAT $351 0000508 03 98876181 50 49 (19) 777 611 43 (209) (200) (420) 166

41618 to

42318

42318 to

43018

43018 to

5718

5718 to

51418

51418 to

52118

52118 to

52818

52818 to

6418

6418 to

61118



FS Eq Wt 257 FS 40 139




FS 300 224 FS 250 50 FS 10 46 FS 10 107













FS 250 -103 FS Eq Wt -256 FS 250 -173

FS 40 -257





Here we look at the



using a performance

quilt







was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 112








down 190

-25-22+28

-82-135-99

-43 -190 -112

Over the past week



down 59

Over the past week



was down 90

Over the past week



down 33














-59-116-124

-90-172-69

-33-64+63





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC







plotted





up 52 The worst




66





up 90 The worst




144

+04 -34 -09

-40-64+78

-66-144-247

+52+90+801











-31-31+73

-87-141-402

-57-114-250

Over the past week



was down 31

Over the past week



was down 87

Over the past week



was down 57




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 93 91 97 97 93 99 92 89 81 7 (15) 3 (10) (9) (16) (7) (9) (1) 1

FS CryptoFX 10 100 96 94 100 100 97 99 98 91 82 6 (13) 2 (8) (8) (14) (6) (8) 1 2

FS CryptoFX 40 100 95 97 97 99 95 96 93 83 10 (17) 6 (11) (6) (16) (5) (6) 0 2

FS CryptoFX 250 100 95 95 96 92 94 90 84 11 (16) (2) (9) (1) (11) (3) (2) 7 5

FS CryptoFX 300 100 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Agg 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Eq Wt 100 95 97 92 85 9 (16) 3 (10) (6) (13) (4) (6) 5 3






SampP 500 100 3 92 (33) 60 29 (39) (23) 23

US Dollar Index 100 (0) (6) (9) (30) (5) (68) (25)


US Agg Bond Index 100 14 (14) 99 30 (29)




Gold 100 20

Oil 100


Bit

co

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Cla

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Ch

ain

Bin

an

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oin

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N

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Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75


Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81


Neblio 100 66

Cindicator 100




Slide 17



Storm 207 overall

Verge 450 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures









Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Composite

Technical

Rank

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



Bitcoin BTC $690692 1000000 3 52 (3) 923 826 46 (98) (84) (188) 97

FS 10 FSTOK10 $17033 0024661 4 49 (6) 917 807 44 (115) (81) (214) 110


FS 300 FSTOK300 $16935 0024518 6 48 (8) 909 791 43 (122) (94) (229) 118

FS AGG FSTOKAGG $16970 0024569 7 48 (8) 909 791 43 (122) (94) (229) 118


FS EQW FSTOKEQW $20061 0029045 9 49 (10) 870 711 43 (156) (135) (303) 160

FS 40 FSTOK40 $17475 0025301 10 47 (10) 877 717 42 (151) (146) (293) 160


FS 250 FSTOK250 $15884 0022997 12 48 (14) 830 689 42 (185) (190) (337) 142


972

931

906928

970

60

70

80

90

100


Slide 8


FS Crypto

Size

Indices


990

922

889812

68

(20)

0

20

40

60

80

100

FS Crypto

Sector

Indices


the sector index FS


correlation of 990




FS 10

FS 40

FS 250

FS EQ WT

FS Agg

FS Commodity

FS Platform

FS Privacy

FS Exchange

FS Stablecoin






FS 40 (+06)




Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Binance Coin BNB $1538 0002227 30 194972068 1 51 31 1085 1095 62 (108) 80 189 (10 )

DigiByte DGB $003 0000005 03 10324177197 2 53 2 969 853 51 (44) (21) (186) 116

Siacoin SC $001 0000002 05 34755691770 3 50 52 915 706 49 (125) (58) (306) 209

Ripple XRP $060 0000087 604 99992233977 4 48 17 958 833 48 (105) (31) (133) 125

Nxt NXT $013 0000019 01 998999942 5 44 12 950 752 45 (69) (20) (249) 198

OmiseGO OMG $999 0001446 14 140245398 6 47 10 926 736 48 (98) (76) (271) 190

EOS EOS $1159 0001678 104 900000000 7 50 99 901 792 60 (169) (58) (187) 109

ReddCoin RDD $001 0000001 02 28808713174 8 46 26 908 755 50 (150) (51) (215) 153

Dogecoin DOGE $000 0000000 04 114657296497 9 48 11 920 747 47 (146) (55) (277) 173

Bitcoin BTC $690692 1000000 1179 17064837 10 52 (3) 923 826 46 (98) (84) (188) 97

Bitcoin Cash BCH $95856 0138783 164 17156638 11 48 21 915 756 49 (153) (44) (349) 159

VeChain VEN $341 0000494 30 873378637 12 46 12 924 809 53 (176) (12) (251) 115

Ethereum ETH $53328 0077210 532 99768318 13 48 (6) 913 812 49 (122) (81) (223) 101

Litecoin LTC $10752 0015567 61 56764648 14 51 (12) 904 784 45 (113) (103) (242) 120

Waves WAVES $389 0000563 04 100000000 15 48 (6) 899 703 45 (100) (65) (375) 195

Stellar XLM $026 0000037 267 103986155722 16 43 15 901 755 50 (140) (116) (287) 146

IOTA MIOTA $145 0000210 40 2779530283 17 47 28 896 775 50 (147) (249) (237) 121


Waltonchain WTC $993 0001438 07 70000000 19 51 (8) 893 770 49 (230) (113) (235) 123

Qtum QTUM $1198 0001734 12 100633816 20 43 82 887 701 43 (128) (172) (270) 185

BitShares BTS $018 0000026 05 2629060000 21 51 16 863 696 48 (189) (142) (271) 167

Bytom BTM $053 0000077 08 1407000000 22 46 65 850 712 55 (172) (162) (160) 137

Augur REP $3351 0004852 04 11000000 23 50 14 870 773 48 (121) (148) (357) 98

NEM XEM $022 0000032 20 8999999999 24 48 (10) 886 689 42 (112) (125) (330) 197

Cardano ADA $018 0000026 56 31112483745 25 44 61 876 688 49 (160) (185) (331) 188

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



0x ZRX $107 0000155 11 1000000000 26 50 8 865 794 56 (195) (144) (352) 71


Zcash ZEC $20648 0029895 08 4031606 28 50 21 822 737 45 (125) (143) (159) 85

Dash DASH $27181 0039353 22 8100204 29 47 8 862 689 40 (136) (138) (328) 173

Status SNT $008 0000012 06 6804870174 30 46 17 858 665 45 (146) (182) (342) 193

Verge XVG $003 0000005 05 14997869020 31 48 44 828 585 45 (165) (161) (446) 243

QASH QASH $042 0000061 04 1000000000 32 44 38 849 671 46 (167) (169) (323) 179


ICON ICX $217 0000314 09 400228740 34 47 33 829 622 50 (187) (202) (449) 207

DigixDAO DGD $12372 0017912 02 2000000 35 47 (17) 853 620 46 (222) (73) (356) 232

Monero XMR $13804 0019986 22 16083586 36 44 (0) 860 686 43 (161) (124) (316) 175

NEO NEO $4560 0006602 46 100000000 37 40 11 865 703 44 (154) (178) (296) 162

Lisk LSK $726 0001051 09 121695940 38 47 14 829 687 43 (181) (161) (285) 141

Bitcoin Gold BTG $3721 0005387 06 17136861 39 41 5 846 642 44 (172) (152) (348) 204

Storm STORM $003 0000004 03 10000000000 40 43 447 783 556 50 (221) (232) (391) 227

Ardor ARDR $020 0000029 02 998999495 41 50 (20) 823 645 41 (129) (192) (342) 178

TRON TRX $005 0000007 49 100000000000 42 44 52 781 684 52 (178) (168) (290) 97

aelf ELF $079 0000115 02 280000000 43 49 67 784 619 51 (222) (259) (395) 164

Hshare HSR $604 0000874 03 43049264 44 46 44 828 648 42 (190) (242) (362) 180

Cindicator CND $005 0000007 01 2000000005 45 46 (3) 814 606 45 (182) (220) (382) 208

Steem STEEM $187 0000271 05 275215728 46 46 68 769 610 46 (227) (218) (339) 158

Nano NANO $323 0000468 04 133248289 47 41 (5) 799 546 43 (186) (208) (490) 253

Neblio NEBL $575 0000832 01 13913547 48 43 18 749 526 46 (232) (251) (524) 223

Gas GAS $1537 0002225 03 17190378 49 44 1 806 635 45 (230) (248) (396) 171

Stratis STRAT $351 0000508 03 98876181 50 49 (19) 777 611 43 (209) (200) (420) 166

41618 to

42318

42318 to

43018

43018 to

5718

5718 to

51418

51418 to

52118

52118 to

52818

52818 to

6418

6418 to

61118



FS Eq Wt 257 FS 40 139




FS 300 224 FS 250 50 FS 10 46 FS 10 107













FS 250 -103 FS Eq Wt -256 FS 250 -173

FS 40 -257





Here we look at the



using a performance

quilt







was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 112








down 190

-25-22+28

-82-135-99

-43 -190 -112

Over the past week



down 59

Over the past week



was down 90

Over the past week



down 33














-59-116-124

-90-172-69

-33-64+63





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC







plotted





up 52 The worst




66





up 90 The worst




144

+04 -34 -09

-40-64+78

-66-144-247

+52+90+801











-31-31+73

-87-141-402

-57-114-250

Over the past week



was down 31

Over the past week



was down 87

Over the past week



was down 57




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 93 91 97 97 93 99 92 89 81 7 (15) 3 (10) (9) (16) (7) (9) (1) 1

FS CryptoFX 10 100 96 94 100 100 97 99 98 91 82 6 (13) 2 (8) (8) (14) (6) (8) 1 2

FS CryptoFX 40 100 95 97 97 99 95 96 93 83 10 (17) 6 (11) (6) (16) (5) (6) 0 2

FS CryptoFX 250 100 95 95 96 92 94 90 84 11 (16) (2) (9) (1) (11) (3) (2) 7 5

FS CryptoFX 300 100 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Agg 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Eq Wt 100 95 97 92 85 9 (16) 3 (10) (6) (13) (4) (6) 5 3






SampP 500 100 3 92 (33) 60 29 (39) (23) 23

US Dollar Index 100 (0) (6) (9) (30) (5) (68) (25)


US Agg Bond Index 100 14 (14) 99 30 (29)




Gold 100 20

Oil 100


Bit

co

in

Eth

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Rip

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Ch

ain

Bin

an

ce C

oin

ICO

N

Om

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GO

Lis

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Bitc

oin

Go

ld

Na

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Byt

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rge

Dig

ixD

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Ste

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atis

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BitS

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Do

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Sta

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Au

gu

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0x

Wa

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cha

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Hsh

are

Ard

or

QA

SH

Ba

sic

Att

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Dig

iByt

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Ga

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Sto

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ae

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Re

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Co

in

Nxt

Po

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Ne

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dic

ato

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Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75


Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81


Neblio 100 66

Cindicator 100




Slide 17



Storm 207 overall

Verge 450 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







972

931

906928

970

60

70

80

90

100


Slide 8


FS Crypto

Size

Indices


990

922

889812

68

(20)

0

20

40

60

80

100

FS Crypto

Sector

Indices


the sector index FS


correlation of 990




FS 10

FS 40

FS 250

FS EQ WT

FS Agg

FS Commodity

FS Platform

FS Privacy

FS Exchange

FS Stablecoin






FS 40 (+06)




Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Binance Coin BNB $1538 0002227 30 194972068 1 51 31 1085 1095 62 (108) 80 189 (10 )

DigiByte DGB $003 0000005 03 10324177197 2 53 2 969 853 51 (44) (21) (186) 116

Siacoin SC $001 0000002 05 34755691770 3 50 52 915 706 49 (125) (58) (306) 209

Ripple XRP $060 0000087 604 99992233977 4 48 17 958 833 48 (105) (31) (133) 125

Nxt NXT $013 0000019 01 998999942 5 44 12 950 752 45 (69) (20) (249) 198

OmiseGO OMG $999 0001446 14 140245398 6 47 10 926 736 48 (98) (76) (271) 190

EOS EOS $1159 0001678 104 900000000 7 50 99 901 792 60 (169) (58) (187) 109

ReddCoin RDD $001 0000001 02 28808713174 8 46 26 908 755 50 (150) (51) (215) 153

Dogecoin DOGE $000 0000000 04 114657296497 9 48 11 920 747 47 (146) (55) (277) 173

Bitcoin BTC $690692 1000000 1179 17064837 10 52 (3) 923 826 46 (98) (84) (188) 97

Bitcoin Cash BCH $95856 0138783 164 17156638 11 48 21 915 756 49 (153) (44) (349) 159

VeChain VEN $341 0000494 30 873378637 12 46 12 924 809 53 (176) (12) (251) 115

Ethereum ETH $53328 0077210 532 99768318 13 48 (6) 913 812 49 (122) (81) (223) 101

Litecoin LTC $10752 0015567 61 56764648 14 51 (12) 904 784 45 (113) (103) (242) 120

Waves WAVES $389 0000563 04 100000000 15 48 (6) 899 703 45 (100) (65) (375) 195

Stellar XLM $026 0000037 267 103986155722 16 43 15 901 755 50 (140) (116) (287) 146

IOTA MIOTA $145 0000210 40 2779530283 17 47 28 896 775 50 (147) (249) (237) 121


Waltonchain WTC $993 0001438 07 70000000 19 51 (8) 893 770 49 (230) (113) (235) 123

Qtum QTUM $1198 0001734 12 100633816 20 43 82 887 701 43 (128) (172) (270) 185

BitShares BTS $018 0000026 05 2629060000 21 51 16 863 696 48 (189) (142) (271) 167

Bytom BTM $053 0000077 08 1407000000 22 46 65 850 712 55 (172) (162) (160) 137

Augur REP $3351 0004852 04 11000000 23 50 14 870 773 48 (121) (148) (357) 98

NEM XEM $022 0000032 20 8999999999 24 48 (10) 886 689 42 (112) (125) (330) 197

Cardano ADA $018 0000026 56 31112483745 25 44 61 876 688 49 (160) (185) (331) 188

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



0x ZRX $107 0000155 11 1000000000 26 50 8 865 794 56 (195) (144) (352) 71


Zcash ZEC $20648 0029895 08 4031606 28 50 21 822 737 45 (125) (143) (159) 85

Dash DASH $27181 0039353 22 8100204 29 47 8 862 689 40 (136) (138) (328) 173

Status SNT $008 0000012 06 6804870174 30 46 17 858 665 45 (146) (182) (342) 193

Verge XVG $003 0000005 05 14997869020 31 48 44 828 585 45 (165) (161) (446) 243

QASH QASH $042 0000061 04 1000000000 32 44 38 849 671 46 (167) (169) (323) 179


ICON ICX $217 0000314 09 400228740 34 47 33 829 622 50 (187) (202) (449) 207

DigixDAO DGD $12372 0017912 02 2000000 35 47 (17) 853 620 46 (222) (73) (356) 232

Monero XMR $13804 0019986 22 16083586 36 44 (0) 860 686 43 (161) (124) (316) 175

NEO NEO $4560 0006602 46 100000000 37 40 11 865 703 44 (154) (178) (296) 162

Lisk LSK $726 0001051 09 121695940 38 47 14 829 687 43 (181) (161) (285) 141

Bitcoin Gold BTG $3721 0005387 06 17136861 39 41 5 846 642 44 (172) (152) (348) 204

Storm STORM $003 0000004 03 10000000000 40 43 447 783 556 50 (221) (232) (391) 227

Ardor ARDR $020 0000029 02 998999495 41 50 (20) 823 645 41 (129) (192) (342) 178

TRON TRX $005 0000007 49 100000000000 42 44 52 781 684 52 (178) (168) (290) 97

aelf ELF $079 0000115 02 280000000 43 49 67 784 619 51 (222) (259) (395) 164

Hshare HSR $604 0000874 03 43049264 44 46 44 828 648 42 (190) (242) (362) 180

Cindicator CND $005 0000007 01 2000000005 45 46 (3) 814 606 45 (182) (220) (382) 208

Steem STEEM $187 0000271 05 275215728 46 46 68 769 610 46 (227) (218) (339) 158

Nano NANO $323 0000468 04 133248289 47 41 (5) 799 546 43 (186) (208) (490) 253

Neblio NEBL $575 0000832 01 13913547 48 43 18 749 526 46 (232) (251) (524) 223

Gas GAS $1537 0002225 03 17190378 49 44 1 806 635 45 (230) (248) (396) 171

Stratis STRAT $351 0000508 03 98876181 50 49 (19) 777 611 43 (209) (200) (420) 166

41618 to

42318

42318 to

43018

43018 to

5718

5718 to

51418

51418 to

52118

52118 to

52818

52818 to

6418

6418 to

61118



FS Eq Wt 257 FS 40 139




FS 300 224 FS 250 50 FS 10 46 FS 10 107













FS 250 -103 FS Eq Wt -256 FS 250 -173

FS 40 -257





Here we look at the



using a performance

quilt







was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 112








down 190

-25-22+28

-82-135-99

-43 -190 -112

Over the past week



down 59

Over the past week



was down 90

Over the past week



down 33














-59-116-124

-90-172-69

-33-64+63





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC







plotted





up 52 The worst




66





up 90 The worst




144

+04 -34 -09

-40-64+78

-66-144-247

+52+90+801











-31-31+73

-87-141-402

-57-114-250

Over the past week



was down 31

Over the past week



was down 87

Over the past week



was down 57




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 93 91 97 97 93 99 92 89 81 7 (15) 3 (10) (9) (16) (7) (9) (1) 1

FS CryptoFX 10 100 96 94 100 100 97 99 98 91 82 6 (13) 2 (8) (8) (14) (6) (8) 1 2

FS CryptoFX 40 100 95 97 97 99 95 96 93 83 10 (17) 6 (11) (6) (16) (5) (6) 0 2

FS CryptoFX 250 100 95 95 96 92 94 90 84 11 (16) (2) (9) (1) (11) (3) (2) 7 5

FS CryptoFX 300 100 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Agg 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Eq Wt 100 95 97 92 85 9 (16) 3 (10) (6) (13) (4) (6) 5 3






SampP 500 100 3 92 (33) 60 29 (39) (23) 23

US Dollar Index 100 (0) (6) (9) (30) (5) (68) (25)


US Agg Bond Index 100 14 (14) 99 30 (29)




Gold 100 20

Oil 100


Bit

co

in

Eth

ere

um

Rip

ple

Bit

co

in C

as

h

Lit

ec

oin

EO

S

Ca

rda

no

Ste

lla

r

NE

O

TR

ON

IOT

A

Mo

ne

ro

Da

sh

NE

M

Eth

ere

um

Cla

ssic

Qtu

m

Ve

Ch

ain

Bin

an

ce C

oin

ICO

N

Om

ise

GO

Lis

k

Bitc

oin

Go

ld

Na

no

Zca

sh

Byt

om

Ve

rge

Dig

ixD

AO

Ste

em

Str

atis

Wa

ves

Sia

coin

BitS

ha

res

Do

ge

coin

Sta

tus

Au

gu

r

0x

Wa

lton

cha

in

Hsh

are

Ard

or

QA

SH

Ba

sic

Att

en

ti

Dig

iByt

e

Ga

s

Sto

rm

ae

lf

Re

dd

Co

in

Nxt

Po

we

r L

ed

ge

r

Ne

blio

Cin

dic

ato

r

Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75


Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81


Neblio 100 66

Cindicator 100




Slide 17



Storm 207 overall

Verge 450 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures









Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Binance Coin BNB $1538 0002227 30 194972068 1 51 31 1085 1095 62 (108) 80 189 (10 )

DigiByte DGB $003 0000005 03 10324177197 2 53 2 969 853 51 (44) (21) (186) 116

Siacoin SC $001 0000002 05 34755691770 3 50 52 915 706 49 (125) (58) (306) 209

Ripple XRP $060 0000087 604 99992233977 4 48 17 958 833 48 (105) (31) (133) 125

Nxt NXT $013 0000019 01 998999942 5 44 12 950 752 45 (69) (20) (249) 198

OmiseGO OMG $999 0001446 14 140245398 6 47 10 926 736 48 (98) (76) (271) 190

EOS EOS $1159 0001678 104 900000000 7 50 99 901 792 60 (169) (58) (187) 109

ReddCoin RDD $001 0000001 02 28808713174 8 46 26 908 755 50 (150) (51) (215) 153

Dogecoin DOGE $000 0000000 04 114657296497 9 48 11 920 747 47 (146) (55) (277) 173

Bitcoin BTC $690692 1000000 1179 17064837 10 52 (3) 923 826 46 (98) (84) (188) 97

Bitcoin Cash BCH $95856 0138783 164 17156638 11 48 21 915 756 49 (153) (44) (349) 159

VeChain VEN $341 0000494 30 873378637 12 46 12 924 809 53 (176) (12) (251) 115

Ethereum ETH $53328 0077210 532 99768318 13 48 (6) 913 812 49 (122) (81) (223) 101

Litecoin LTC $10752 0015567 61 56764648 14 51 (12) 904 784 45 (113) (103) (242) 120

Waves WAVES $389 0000563 04 100000000 15 48 (6) 899 703 45 (100) (65) (375) 195

Stellar XLM $026 0000037 267 103986155722 16 43 15 901 755 50 (140) (116) (287) 146

IOTA MIOTA $145 0000210 40 2779530283 17 47 28 896 775 50 (147) (249) (237) 121


Waltonchain WTC $993 0001438 07 70000000 19 51 (8) 893 770 49 (230) (113) (235) 123

Qtum QTUM $1198 0001734 12 100633816 20 43 82 887 701 43 (128) (172) (270) 185

BitShares BTS $018 0000026 05 2629060000 21 51 16 863 696 48 (189) (142) (271) 167

Bytom BTM $053 0000077 08 1407000000 22 46 65 850 712 55 (172) (162) (160) 137

Augur REP $3351 0004852 04 11000000 23 50 14 870 773 48 (121) (148) (357) 98

NEM XEM $022 0000032 20 8999999999 24 48 (10) 886 689 42 (112) (125) (330) 197

Cardano ADA $018 0000026 56 31112483745 25 44 61 876 688 49 (160) (185) (331) 188

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



0x ZRX $107 0000155 11 1000000000 26 50 8 865 794 56 (195) (144) (352) 71


Zcash ZEC $20648 0029895 08 4031606 28 50 21 822 737 45 (125) (143) (159) 85

Dash DASH $27181 0039353 22 8100204 29 47 8 862 689 40 (136) (138) (328) 173

Status SNT $008 0000012 06 6804870174 30 46 17 858 665 45 (146) (182) (342) 193

Verge XVG $003 0000005 05 14997869020 31 48 44 828 585 45 (165) (161) (446) 243

QASH QASH $042 0000061 04 1000000000 32 44 38 849 671 46 (167) (169) (323) 179


ICON ICX $217 0000314 09 400228740 34 47 33 829 622 50 (187) (202) (449) 207

DigixDAO DGD $12372 0017912 02 2000000 35 47 (17) 853 620 46 (222) (73) (356) 232

Monero XMR $13804 0019986 22 16083586 36 44 (0) 860 686 43 (161) (124) (316) 175

NEO NEO $4560 0006602 46 100000000 37 40 11 865 703 44 (154) (178) (296) 162

Lisk LSK $726 0001051 09 121695940 38 47 14 829 687 43 (181) (161) (285) 141

Bitcoin Gold BTG $3721 0005387 06 17136861 39 41 5 846 642 44 (172) (152) (348) 204

Storm STORM $003 0000004 03 10000000000 40 43 447 783 556 50 (221) (232) (391) 227

Ardor ARDR $020 0000029 02 998999495 41 50 (20) 823 645 41 (129) (192) (342) 178

TRON TRX $005 0000007 49 100000000000 42 44 52 781 684 52 (178) (168) (290) 97

aelf ELF $079 0000115 02 280000000 43 49 67 784 619 51 (222) (259) (395) 164

Hshare HSR $604 0000874 03 43049264 44 46 44 828 648 42 (190) (242) (362) 180

Cindicator CND $005 0000007 01 2000000005 45 46 (3) 814 606 45 (182) (220) (382) 208

Steem STEEM $187 0000271 05 275215728 46 46 68 769 610 46 (227) (218) (339) 158

Nano NANO $323 0000468 04 133248289 47 41 (5) 799 546 43 (186) (208) (490) 253

Neblio NEBL $575 0000832 01 13913547 48 43 18 749 526 46 (232) (251) (524) 223

Gas GAS $1537 0002225 03 17190378 49 44 1 806 635 45 (230) (248) (396) 171

Stratis STRAT $351 0000508 03 98876181 50 49 (19) 777 611 43 (209) (200) (420) 166

41618 to

42318

42318 to

43018

43018 to

5718

5718 to

51418

51418 to

52118

52118 to

52818

52818 to

6418

6418 to

61118



FS Eq Wt 257 FS 40 139




FS 300 224 FS 250 50 FS 10 46 FS 10 107













FS 250 -103 FS Eq Wt -256 FS 250 -173

FS 40 -257





Here we look at the



using a performance

quilt







was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 112








down 190

-25-22+28

-82-135-99

-43 -190 -112

Over the past week



down 59

Over the past week



was down 90

Over the past week



down 33














-59-116-124

-90-172-69

-33-64+63





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC







plotted





up 52 The worst




66





up 90 The worst




144

+04 -34 -09

-40-64+78

-66-144-247

+52+90+801











-31-31+73

-87-141-402

-57-114-250

Over the past week



was down 31

Over the past week



was down 87

Over the past week



was down 57




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 93 91 97 97 93 99 92 89 81 7 (15) 3 (10) (9) (16) (7) (9) (1) 1

FS CryptoFX 10 100 96 94 100 100 97 99 98 91 82 6 (13) 2 (8) (8) (14) (6) (8) 1 2

FS CryptoFX 40 100 95 97 97 99 95 96 93 83 10 (17) 6 (11) (6) (16) (5) (6) 0 2

FS CryptoFX 250 100 95 95 96 92 94 90 84 11 (16) (2) (9) (1) (11) (3) (2) 7 5

FS CryptoFX 300 100 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Agg 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Eq Wt 100 95 97 92 85 9 (16) 3 (10) (6) (13) (4) (6) 5 3






SampP 500 100 3 92 (33) 60 29 (39) (23) 23

US Dollar Index 100 (0) (6) (9) (30) (5) (68) (25)


US Agg Bond Index 100 14 (14) 99 30 (29)




Gold 100 20

Oil 100


Bit

co

in

Eth

ere

um

Rip

ple

Bit

co

in C

as

h

Lit

ec

oin

EO

S

Ca

rda

no

Ste

lla

r

NE

O

TR

ON

IOT

A

Mo

ne

ro

Da

sh

NE

M

Eth

ere

um

Cla

ssic

Qtu

m

Ve

Ch

ain

Bin

an

ce C

oin

ICO

N

Om

ise

GO

Lis

k

Bitc

oin

Go

ld

Na

no

Zca

sh

Byt

om

Ve

rge

Dig

ixD

AO

Ste

em

Str

atis

Wa

ves

Sia

coin

BitS

ha

res

Do

ge

coin

Sta

tus

Au

gu

r

0x

Wa

lton

cha

in

Hsh

are

Ard

or

QA

SH

Ba

sic

Att

en

ti

Dig

iByt

e

Ga

s

Sto

rm

ae

lf

Re

dd

Co

in

Nxt

Po

we

r L

ed

ge

r

Ne

blio

Cin

dic

ato

r

Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75


Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81


Neblio 100 66

Cindicator 100




Slide 17



Storm 207 overall

Verge 450 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



0x ZRX $107 0000155 11 1000000000 26 50 8 865 794 56 (195) (144) (352) 71


Zcash ZEC $20648 0029895 08 4031606 28 50 21 822 737 45 (125) (143) (159) 85

Dash DASH $27181 0039353 22 8100204 29 47 8 862 689 40 (136) (138) (328) 173

Status SNT $008 0000012 06 6804870174 30 46 17 858 665 45 (146) (182) (342) 193

Verge XVG $003 0000005 05 14997869020 31 48 44 828 585 45 (165) (161) (446) 243

QASH QASH $042 0000061 04 1000000000 32 44 38 849 671 46 (167) (169) (323) 179


ICON ICX $217 0000314 09 400228740 34 47 33 829 622 50 (187) (202) (449) 207

DigixDAO DGD $12372 0017912 02 2000000 35 47 (17) 853 620 46 (222) (73) (356) 232

Monero XMR $13804 0019986 22 16083586 36 44 (0) 860 686 43 (161) (124) (316) 175

NEO NEO $4560 0006602 46 100000000 37 40 11 865 703 44 (154) (178) (296) 162

Lisk LSK $726 0001051 09 121695940 38 47 14 829 687 43 (181) (161) (285) 141

Bitcoin Gold BTG $3721 0005387 06 17136861 39 41 5 846 642 44 (172) (152) (348) 204

Storm STORM $003 0000004 03 10000000000 40 43 447 783 556 50 (221) (232) (391) 227

Ardor ARDR $020 0000029 02 998999495 41 50 (20) 823 645 41 (129) (192) (342) 178

TRON TRX $005 0000007 49 100000000000 42 44 52 781 684 52 (178) (168) (290) 97

aelf ELF $079 0000115 02 280000000 43 49 67 784 619 51 (222) (259) (395) 164

Hshare HSR $604 0000874 03 43049264 44 46 44 828 648 42 (190) (242) (362) 180

Cindicator CND $005 0000007 01 2000000005 45 46 (3) 814 606 45 (182) (220) (382) 208

Steem STEEM $187 0000271 05 275215728 46 46 68 769 610 46 (227) (218) (339) 158

Nano NANO $323 0000468 04 133248289 47 41 (5) 799 546 43 (186) (208) (490) 253

Neblio NEBL $575 0000832 01 13913547 48 43 18 749 526 46 (232) (251) (524) 223

Gas GAS $1537 0002225 03 17190378 49 44 1 806 635 45 (230) (248) (396) 171

Stratis STRAT $351 0000508 03 98876181 50 49 (19) 777 611 43 (209) (200) (420) 166

41618 to

42318

42318 to

43018

43018 to

5718

5718 to

51418

51418 to

52118

52118 to

52818

52818 to

6418

6418 to

61118



FS Eq Wt 257 FS 40 139




FS 300 224 FS 250 50 FS 10 46 FS 10 107













FS 250 -103 FS Eq Wt -256 FS 250 -173

FS 40 -257





Here we look at the



using a performance

quilt







was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 112








down 190

-25-22+28

-82-135-99

-43 -190 -112

Over the past week



down 59

Over the past week



was down 90

Over the past week



down 33














-59-116-124

-90-172-69

-33-64+63





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC







plotted





up 52 The worst




66





up 90 The worst




144

+04 -34 -09

-40-64+78

-66-144-247

+52+90+801











-31-31+73

-87-141-402

-57-114-250

Over the past week



was down 31

Over the past week



was down 87

Over the past week



was down 57




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 93 91 97 97 93 99 92 89 81 7 (15) 3 (10) (9) (16) (7) (9) (1) 1

FS CryptoFX 10 100 96 94 100 100 97 99 98 91 82 6 (13) 2 (8) (8) (14) (6) (8) 1 2

FS CryptoFX 40 100 95 97 97 99 95 96 93 83 10 (17) 6 (11) (6) (16) (5) (6) 0 2

FS CryptoFX 250 100 95 95 96 92 94 90 84 11 (16) (2) (9) (1) (11) (3) (2) 7 5

FS CryptoFX 300 100 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Agg 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Eq Wt 100 95 97 92 85 9 (16) 3 (10) (6) (13) (4) (6) 5 3






SampP 500 100 3 92 (33) 60 29 (39) (23) 23

US Dollar Index 100 (0) (6) (9) (30) (5) (68) (25)


US Agg Bond Index 100 14 (14) 99 30 (29)




Gold 100 20

Oil 100


Bit

co

in

Eth

ere

um

Rip

ple

Bit

co

in C

as

h

Lit

ec

oin

EO

S

Ca

rda

no

Ste

lla

r

NE

O

TR

ON

IOT

A

Mo

ne

ro

Da

sh

NE

M

Eth

ere

um

Cla

ssic

Qtu

m

Ve

Ch

ain

Bin

an

ce C

oin

ICO

N

Om

ise

GO

Lis

k

Bitc

oin

Go

ld

Na

no

Zca

sh

Byt

om

Ve

rge

Dig

ixD

AO

Ste

em

Str

atis

Wa

ves

Sia

coin

BitS

ha

res

Do

ge

coin

Sta

tus

Au

gu

r

0x

Wa

lton

cha

in

Hsh

are

Ard

or

QA

SH

Ba

sic

Att

en

ti

Dig

iByt

e

Ga

s

Sto

rm

ae

lf

Re

dd

Co

in

Nxt

Po

we

r L

ed

ge

r

Ne

blio

Cin

dic

ato

r

Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75


Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81


Neblio 100 66

Cindicator 100




Slide 17



Storm 207 overall

Verge 450 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







41618 to

42318

42318 to

43018

43018 to

5718

5718 to

51418

51418 to

52118

52118 to

52818

52818 to

6418

6418 to

61118



FS Eq Wt 257 FS 40 139




FS 300 224 FS 250 50 FS 10 46 FS 10 107













FS 250 -103 FS Eq Wt -256 FS 250 -173

FS 40 -257





Here we look at the



using a performance

quilt







was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 112








down 190

-25-22+28

-82-135-99

-43 -190 -112

Over the past week



down 59

Over the past week



was down 90

Over the past week



down 33














-59-116-124

-90-172-69

-33-64+63





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC







plotted





up 52 The worst




66





up 90 The worst




144

+04 -34 -09

-40-64+78

-66-144-247

+52+90+801











-31-31+73

-87-141-402

-57-114-250

Over the past week



was down 31

Over the past week



was down 87

Over the past week



was down 57




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 93 91 97 97 93 99 92 89 81 7 (15) 3 (10) (9) (16) (7) (9) (1) 1

FS CryptoFX 10 100 96 94 100 100 97 99 98 91 82 6 (13) 2 (8) (8) (14) (6) (8) 1 2

FS CryptoFX 40 100 95 97 97 99 95 96 93 83 10 (17) 6 (11) (6) (16) (5) (6) 0 2

FS CryptoFX 250 100 95 95 96 92 94 90 84 11 (16) (2) (9) (1) (11) (3) (2) 7 5

FS CryptoFX 300 100 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Agg 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Eq Wt 100 95 97 92 85 9 (16) 3 (10) (6) (13) (4) (6) 5 3






SampP 500 100 3 92 (33) 60 29 (39) (23) 23

US Dollar Index 100 (0) (6) (9) (30) (5) (68) (25)


US Agg Bond Index 100 14 (14) 99 30 (29)




Gold 100 20

Oil 100


Bit

co

in

Eth

ere

um

Rip

ple

Bit

co

in C

as

h

Lit

ec

oin

EO

S

Ca

rda

no

Ste

lla

r

NE

O

TR

ON

IOT

A

Mo

ne

ro

Da

sh

NE

M

Eth

ere

um

Cla

ssic

Qtu

m

Ve

Ch

ain

Bin

an

ce C

oin

ICO

N

Om

ise

GO

Lis

k

Bitc

oin

Go

ld

Na

no

Zca

sh

Byt

om

Ve

rge

Dig

ixD

AO

Ste

em

Str

atis

Wa

ves

Sia

coin

BitS

ha

res

Do

ge

coin

Sta

tus

Au

gu

r

0x

Wa

lton

cha

in

Hsh

are

Ard

or

QA

SH

Ba

sic

Att

en

ti

Dig

iByt

e

Ga

s

Sto

rm

ae

lf

Re

dd

Co

in

Nxt

Po

we

r L

ed

ge

r

Ne

blio

Cin

dic

ato

r

Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75


Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81


Neblio 100 66

Cindicator 100




Slide 17



Storm 207 overall

Verge 450 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures








SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 112








down 190

-25-22+28

-82-135-99

-43 -190 -112

Over the past week



down 59

Over the past week



was down 90

Over the past week



down 33














-59-116-124

-90-172-69

-33-64+63





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC







plotted





up 52 The worst




66





up 90 The worst




144

+04 -34 -09

-40-64+78

-66-144-247

+52+90+801











-31-31+73

-87-141-402

-57-114-250

Over the past week



was down 31

Over the past week



was down 87

Over the past week



was down 57




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 93 91 97 97 93 99 92 89 81 7 (15) 3 (10) (9) (16) (7) (9) (1) 1

FS CryptoFX 10 100 96 94 100 100 97 99 98 91 82 6 (13) 2 (8) (8) (14) (6) (8) 1 2

FS CryptoFX 40 100 95 97 97 99 95 96 93 83 10 (17) 6 (11) (6) (16) (5) (6) 0 2

FS CryptoFX 250 100 95 95 96 92 94 90 84 11 (16) (2) (9) (1) (11) (3) (2) 7 5

FS CryptoFX 300 100 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Agg 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Eq Wt 100 95 97 92 85 9 (16) 3 (10) (6) (13) (4) (6) 5 3






SampP 500 100 3 92 (33) 60 29 (39) (23) 23

US Dollar Index 100 (0) (6) (9) (30) (5) (68) (25)


US Agg Bond Index 100 14 (14) 99 30 (29)




Gold 100 20

Oil 100


Bit

co

in

Eth

ere

um

Rip

ple

Bit

co

in C

as

h

Lit

ec

oin

EO

S

Ca

rda

no

Ste

lla

r

NE

O

TR

ON

IOT

A

Mo

ne

ro

Da

sh

NE

M

Eth

ere

um

Cla

ssic

Qtu

m

Ve

Ch

ain

Bin

an

ce C

oin

ICO

N

Om

ise

GO

Lis

k

Bitc

oin

Go

ld

Na

no

Zca

sh

Byt

om

Ve

rge

Dig

ixD

AO

Ste

em

Str

atis

Wa

ves

Sia

coin

BitS

ha

res

Do

ge

coin

Sta

tus

Au

gu

r

0x

Wa

lton

cha

in

Hsh

are

Ard

or

QA

SH

Ba

sic

Att

en

ti

Dig

iByt

e

Ga

s

Sto

rm

ae

lf

Re

dd

Co

in

Nxt

Po

we

r L

ed

ge

r

Ne

blio

Cin

dic

ato

r

Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75


Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81


Neblio 100 66

Cindicator 100




Slide 17



Storm 207 overall

Verge 450 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







Over the past week



down 59

Over the past week



was down 90

Over the past week



down 33














-59-116-124

-90-172-69

-33-64+63





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC







plotted





up 52 The worst




66





up 90 The worst




144

+04 -34 -09

-40-64+78

-66-144-247

+52+90+801











-31-31+73

-87-141-402

-57-114-250

Over the past week



was down 31

Over the past week



was down 87

Over the past week



was down 57




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 93 91 97 97 93 99 92 89 81 7 (15) 3 (10) (9) (16) (7) (9) (1) 1

FS CryptoFX 10 100 96 94 100 100 97 99 98 91 82 6 (13) 2 (8) (8) (14) (6) (8) 1 2

FS CryptoFX 40 100 95 97 97 99 95 96 93 83 10 (17) 6 (11) (6) (16) (5) (6) 0 2

FS CryptoFX 250 100 95 95 96 92 94 90 84 11 (16) (2) (9) (1) (11) (3) (2) 7 5

FS CryptoFX 300 100 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Agg 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Eq Wt 100 95 97 92 85 9 (16) 3 (10) (6) (13) (4) (6) 5 3






SampP 500 100 3 92 (33) 60 29 (39) (23) 23

US Dollar Index 100 (0) (6) (9) (30) (5) (68) (25)


US Agg Bond Index 100 14 (14) 99 30 (29)




Gold 100 20

Oil 100


Bit

co

in

Eth

ere

um

Rip

ple

Bit

co

in C

as

h

Lit

ec

oin

EO

S

Ca

rda

no

Ste

lla

r

NE

O

TR

ON

IOT

A

Mo

ne

ro

Da

sh

NE

M

Eth

ere

um

Cla

ssic

Qtu

m

Ve

Ch

ain

Bin

an

ce C

oin

ICO

N

Om

ise

GO

Lis

k

Bitc

oin

Go

ld

Na

no

Zca

sh

Byt

om

Ve

rge

Dig

ixD

AO

Ste

em

Str

atis

Wa

ves

Sia

coin

BitS

ha

res

Do

ge

coin

Sta

tus

Au

gu

r

0x

Wa

lton

cha

in

Hsh

are

Ard

or

QA

SH

Ba

sic

Att

en

ti

Dig

iByt

e

Ga

s

Sto

rm

ae

lf

Re

dd

Co

in

Nxt

Po

we

r L

ed

ge

r

Ne

blio

Cin

dic

ato

r

Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75


Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81


Neblio 100 66

Cindicator 100




Slide 17



Storm 207 overall

Verge 450 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures











Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC







plotted





up 52 The worst




66





up 90 The worst




144

+04 -34 -09

-40-64+78

-66-144-247

+52+90+801











-31-31+73

-87-141-402

-57-114-250

Over the past week



was down 31

Over the past week



was down 87

Over the past week



was down 57




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 93 91 97 97 93 99 92 89 81 7 (15) 3 (10) (9) (16) (7) (9) (1) 1

FS CryptoFX 10 100 96 94 100 100 97 99 98 91 82 6 (13) 2 (8) (8) (14) (6) (8) 1 2

FS CryptoFX 40 100 95 97 97 99 95 96 93 83 10 (17) 6 (11) (6) (16) (5) (6) 0 2

FS CryptoFX 250 100 95 95 96 92 94 90 84 11 (16) (2) (9) (1) (11) (3) (2) 7 5

FS CryptoFX 300 100 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Agg 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Eq Wt 100 95 97 92 85 9 (16) 3 (10) (6) (13) (4) (6) 5 3






SampP 500 100 3 92 (33) 60 29 (39) (23) 23

US Dollar Index 100 (0) (6) (9) (30) (5) (68) (25)


US Agg Bond Index 100 14 (14) 99 30 (29)




Gold 100 20

Oil 100


Bit

co

in

Eth

ere

um

Rip

ple

Bit

co

in C

as

h

Lit

ec

oin

EO

S

Ca

rda

no

Ste

lla

r

NE

O

TR

ON

IOT

A

Mo

ne

ro

Da

sh

NE

M

Eth

ere

um

Cla

ssic

Qtu

m

Ve

Ch

ain

Bin

an

ce C

oin

ICO

N

Om

ise

GO

Lis

k

Bitc

oin

Go

ld

Na

no

Zca

sh

Byt

om

Ve

rge

Dig

ixD

AO

Ste

em

Str

atis

Wa

ves

Sia

coin

BitS

ha

res

Do

ge

coin

Sta

tus

Au

gu

r

0x

Wa

lton

cha

in

Hsh

are

Ard

or

QA

SH

Ba

sic

Att

en

ti

Dig

iByt

e

Ga

s

Sto

rm

ae

lf

Re

dd

Co

in

Nxt

Po

we

r L

ed

ge

r

Ne

blio

Cin

dic

ato

r

Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75


Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81


Neblio 100 66

Cindicator 100




Slide 17



Storm 207 overall

Verge 450 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures

















-31-31+73

-87-141-402

-57-114-250

Over the past week



was down 31

Over the past week



was down 87

Over the past week



was down 57




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 93 91 97 97 93 99 92 89 81 7 (15) 3 (10) (9) (16) (7) (9) (1) 1

FS CryptoFX 10 100 96 94 100 100 97 99 98 91 82 6 (13) 2 (8) (8) (14) (6) (8) 1 2

FS CryptoFX 40 100 95 97 97 99 95 96 93 83 10 (17) 6 (11) (6) (16) (5) (6) 0 2

FS CryptoFX 250 100 95 95 96 92 94 90 84 11 (16) (2) (9) (1) (11) (3) (2) 7 5

FS CryptoFX 300 100 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Agg 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Eq Wt 100 95 97 92 85 9 (16) 3 (10) (6) (13) (4) (6) 5 3






SampP 500 100 3 92 (33) 60 29 (39) (23) 23

US Dollar Index 100 (0) (6) (9) (30) (5) (68) (25)


US Agg Bond Index 100 14 (14) 99 30 (29)




Gold 100 20

Oil 100


Bit

co

in

Eth

ere

um

Rip

ple

Bit

co

in C

as

h

Lit

ec

oin

EO

S

Ca

rda

no

Ste

lla

r

NE

O

TR

ON

IOT

A

Mo

ne

ro

Da

sh

NE

M

Eth

ere

um

Cla

ssic

Qtu

m

Ve

Ch

ain

Bin

an

ce C

oin

ICO

N

Om

ise

GO

Lis

k

Bitc

oin

Go

ld

Na

no

Zca

sh

Byt

om

Ve

rge

Dig

ixD

AO

Ste

em

Str

atis

Wa

ves

Sia

coin

BitS

ha

res

Do

ge

coin

Sta

tus

Au

gu

r

0x

Wa

lton

cha

in

Hsh

are

Ard

or

QA

SH

Ba

sic

Att

en

ti

Dig

iByt

e

Ga

s

Sto

rm

ae

lf

Re

dd

Co

in

Nxt

Po

we

r L

ed

ge

r

Ne

blio

Cin

dic

ato

r

Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75


Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81


Neblio 100 66

Cindicator 100




Slide 17



Storm 207 overall

Verge 450 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures










Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 93 91 97 97 93 99 92 89 81 7 (15) 3 (10) (9) (16) (7) (9) (1) 1

FS CryptoFX 10 100 96 94 100 100 97 99 98 91 82 6 (13) 2 (8) (8) (14) (6) (8) 1 2

FS CryptoFX 40 100 95 97 97 99 95 96 93 83 10 (17) 6 (11) (6) (16) (5) (6) 0 2

FS CryptoFX 250 100 95 95 96 92 94 90 84 11 (16) (2) (9) (1) (11) (3) (2) 7 5

FS CryptoFX 300 100 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Agg 100 98 98 98 92 83 7 (14) 2 (8) (8) (14) (6) (8) 2 2

FS CryptoFX Eq Wt 100 95 97 92 85 9 (16) 3 (10) (6) (13) (4) (6) 5 3






SampP 500 100 3 92 (33) 60 29 (39) (23) 23

US Dollar Index 100 (0) (6) (9) (30) (5) (68) (25)


US Agg Bond Index 100 14 (14) 99 30 (29)




Gold 100 20

Oil 100


Bit

co

in

Eth

ere

um

Rip

ple

Bit

co

in C

as

h

Lit

ec

oin

EO

S

Ca

rda

no

Ste

lla

r

NE

O

TR

ON

IOT

A

Mo

ne

ro

Da

sh

NE

M

Eth

ere

um

Cla

ssic

Qtu

m

Ve

Ch

ain

Bin

an

ce C

oin

ICO

N

Om

ise

GO

Lis

k

Bitc

oin

Go

ld

Na

no

Zca

sh

Byt

om

Ve

rge

Dig

ixD

AO

Ste

em

Str

atis

Wa

ves

Sia

coin

BitS

ha

res

Do

ge

coin

Sta

tus

Au

gu

r

0x

Wa

lton

cha

in

Hsh

are

Ard

or

QA

SH

Ba

sic

Att

en

ti

Dig

iByt

e

Ga

s

Sto

rm

ae

lf

Re

dd

Co

in

Nxt

Po

we

r L

ed

ge

r

Ne

blio

Cin

dic

ato

r

Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75


Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81


Neblio 100 66

Cindicator 100




Slide 17



Storm 207 overall

Verge 450 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







Bit

co

in

Eth

ere

um

Rip

ple

Bit

co

in C

as

h

Lit

ec

oin

EO

S

Ca

rda

no

Ste

lla

r

NE

O

TR

ON

IOT

A

Mo

ne

ro

Da

sh

NE

M

Eth

ere

um

Cla

ssic

Qtu

m

Ve

Ch

ain

Bin

an

ce C

oin

ICO

N

Om

ise

GO

Lis

k

Bitc

oin

Go

ld

Na

no

Zca

sh

Byt

om

Ve

rge

Dig

ixD

AO

Ste

em

Str

atis

Wa

ves

Sia

coin

BitS

ha

res

Do

ge

coin

Sta

tus

Au

gu

r

0x

Wa

lton

cha

in

Hsh

are

Ard

or

QA

SH

Ba

sic

Att

en

ti

Dig

iByt

e

Ga

s

Sto

rm

ae

lf

Re

dd

Co

in

Nxt

Po

we

r L

ed

ge

r

Ne

blio

Cin

dic

ato

r

Bitcoin 100 90 86 77 88 53 78 82 83 60 81 84 87 82 84 72 83 64 73 86 80 82 85 76 49 53 62 64 82 82 70 77 75 80 60 66 75 82 71 71 69 79 82 30 60 75 82 81 69 76

Ethereum 100 88 80 90 53 75 77 80 54 79 80 84 83 81 68 83 59 72 82 78 83 86 75 51 52 64 58 80 84 67 74 76 77 65 66 76 79 72 69 68 77 82 25 63 77 78 78 67 79

Ripple 100 78 85 64 82 82 84 52 77 84 81 84 83 79 79 49 65 80 77 88 80 72 52 51 57 63 82 79 65 78 73 87 56 60 73 73 74 65 72 76 78 17 60 77 79 78 61 78

Bitcoin Cash 100 80 48 65 73 73 54 71 80 82 71 77 62 72 49 64 69 73 85 77 66 54 43 55 50 74 73 63 70 66 69 56 53 73 63 66 54 69 71 76 24 53 68 69 67 64 71

Litecoin 100 53 72 79 81 54 73 81 86 82 82 70 80 57 71 80 83 81 83 74 47 53 57 56 82 80 68 74 71 77 57 65 77 73 71 66 65 77 81 29 56 73 78 75 69 78

EOS 100 60 53 63 49 38 50 47 50 61 68 49 38 54 55 43 60 46 39 41 19 35 41 59 57 38 60 49 63 33 44 53 63 47 59 44 56 56 20 48 53 53 58 46 52

Cardano 100 80 77 48 72 71 72 76 74 80 70 44 70 79 67 80 69 60 46 52 50 65 75 77 59 68 65 85 46 57 64 75 68 60 64 68 72 13 67 69 73 75 53 65

Stellar 100 84 54 75 80 82 85 79 73 78 53 65 79 73 77 82 68 47 45 52 59 86 80 75 79 77 84 49 65 77 70 71 64 77 84 79 15 60 79 83 80 62 74

NEO 100 57 76 79 82 84 82 79 79 48 65 77 77 79 83 66 50 48 49 57 83 79 67 81 72 83 51 59 74 69 70 73 67 75 87 20 62 77 79 77 65 73

TRON 100 46 56 58 57 57 54 54 48 47 60 53 57 54 48 44 34 39 42 62 57 51 63 45 45 45 48 45 54 37 51 55 56 56 24 51 53 57 53 51 52

IOTA 100 73 79 74 74 65 71 46 62 75 67 75 80 68 50 44 54 54 70 74 67 69 74 72 51 60 66 75 65 54 64 71 79 20 52 72 76 71 58 75

Monero 100 87 79 78 65 76 54 65 76 76 79 77 75 54 43 50 60 78 74 65 71 70 73 58 64 74 70 68 64 76 77 78 25 55 74 75 72 65 74

Dash 100 81 80 66 80 57 73 79 80 80 81 81 52 47 56 60 81 78 70 74 77 74 63 65 75 73 68 67 76 78 82 32 58 78 78 80 70 76

NEM 100 81 73 79 51 63 81 79 78 81 69 46 57 49 64 82 83 76 77 73 84 55 62 71 68 76 61 72 83 79 11 61 82 85 82 62 75


Qtum 100 61 40 57 70 61 78 63 57 44 40 41 53 71 71 58 71 63 81 48 46 59 67 68 53 59 65 75 10 56 73 70 73 49 65

VeChain 100 60 63 77 77 72 80 71 51 51 60 61 79 84 62 76 67 76 52 68 74 70 66 63 72 73 77 15 64 79 76 77 63 75

Binance Coin 100 56 55 52 53 55 53 41 44 46 37 54 61 50 53 44 48 46 41 59 56 40 55 45 56 53 42 39 52 52 54 52 57

ICON 100 68 60 68 65 63 47 41 50 51 70 67 60 62 63 63 62 59 66 70 56 71 60 63 68 45 53 63 64 69 63 63

OmiseGO 100 77 79 80 71 51 57 56 60 77 79 75 72 74 76 55 62 70 78 64 62 69 77 77 19 57 74 79 78 67 72

Lisk 100 75 81 64 43 65 58 61 79 81 66 73 68 71 58 61 66 59 67 63 65 72 76 16 57 71 76 74 68 79

Bitcoin Gold 100 77 73 55 49 51 55 82 79 66 73 69 80 52 55 70 72 70 63 68 71 79 19 56 74 75 78 62 74

Nano 100 71 46 57 59 53 82 84 73 77 75 76 60 66 79 68 71 68 72 76 86 21 59 76 79 74 69 77

Zcash 100 50 40 43 55 70 66 55 63 63 63 48 45 64 65 59 53 65 65 65 25 47 68 64 71 56 64

Bytom 100 31 40 40 50 52 43 52 46 48 30 36 51 49 42 43 48 48 50 24 51 47 51 44 56 59

Verge 100 39 43 48 53 56 45 41 53 33 40 39 38 46 37 41 50 46 6 53 45 51 48 37 53

DigixDAO 100 35 51 59 50 56 50 48 42 47 48 55 48 50 49 48 52 20 46 46 56 55 53 56

Steem 100 65 54 50 48 52 62 37 50 50 55 62 41 51 61 51 11 43 59 55 61 37 52

Stratis 100 83 72 76 72 82 47 67 74 67 73 71 74 82 81 21 64 80 81 79 68 74

Waves 100 70 78 72 77 58 64 77 74 72 66 71 79 83 18 69 82 80 79 70 79

Siacoin 100 62 70 67 49 60 70 61 62 50 59 81 71 9 53 71 73 69 59 67

BitShares 100 71 74 55 53 65 67 66 70 65 72 78 26 65 71 83 76 71 78

Dogecoin 100 68 57 61 70 66 68 61 69 78 76 20 61 80 77 76 61 72

Status 100 47 58 68 69 76 62 66 73 76 10 61 76 76 80 54 71

Augur 100 47 48 48 44 44 49 50 56 16 38 53 48 52 49 53

0x 100 62 58 51 56 61 65 67 10 50 58 62 65 52 62

Waltonchain 100 66 68 58 66 79 79 28 53 74 74 72 65 68

Hshare 100 65 63 54 71 70 24 54 68 73 74 59 66

Ardor 100 53 63 71 71 10 57 74 75 80 50 65

QASH 100 54 58 69 40 55 58 61 69 66 63

Basic Attenti 100 69 68 21 58 75 73 70 55 66

DigiByte 100 75 13 61 82 85 78 58 78

Gas 100 21 62 79 79 76 73 78

Storm 100 12 11 18 16 56 21

aelf 100 63 65 61 57 62

ReddCoin 100 81 81 59 74

Nxt 100 80 67 81


Neblio 100 66

Cindicator 100




Slide 17



Storm 207 overall

Verge 450 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


7D chg (8) (9) (10) (10) (12) (13) (14) (15) (15) (17)

weight 49 9 22 3 2 7 4 1 2 2





Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 25 Relative to



Relative to BTC




down 81 and Ripple

down 87





down 153


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures








Slide 20



BBG US Agg Bond Idx

Oil

Gold



(131 )

(84 )

2014

(135 )

(30)

(15)

0

15







correlation of -135




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







Best

1 2 3 4 5 6 7 8 9 10


7D chg 8 (1) (4) (6) (6) (8) (8) (9) (10) (11)

weight 5 1 2 1 1 0 1 1 3 7

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (20) (20) (20) (20) (20) (21) (23) (23) (24) (27)

weight 1 2 3 0 2 1 0 0 1 1





Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-82-135-99



down 82 Relative to


this index was down

135 Relative to BTC





down 07



the past week are


aelf down 237

(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







(170 )

(64 )

15

04

(161 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold








170






Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







Best

1 2 3 4 5 6 7 8 9 10


Primalbase


7D chg 39 20 19 17 17 15 14 13 13 11

weight 0 0 0 0 0 0 0 0 0 0

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (7) (7) (8) (8) (8) (9) (9) (9) (10) (10)

weight 1 4 0 0 1 0 1 0 0 1





Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC




up 385 and

GameCredits up 198



the past week are


Enjin Coin down 97

(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







(161 )

(09 )

4768

(110 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




68




-161







Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg (8) (10) (13) (13) (14)

weight 82 4 1 11 2

Past 2 weekshellip


14D chg 7 (3) (4) (8) (10)

weight 11 82 4 2 1


SectorsCommodity



Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 09




BTC





down 103





Cash down 133

(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







(134 )(102 )

33

(23 )

(160 )

(30)

(15)

0

15

30


Slide 27










correlation of -160

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg (6) (10) (11) (12) (12) (13) (14) (15) (15) (15) (16) (18) (19) (20)

weight 0 47 2 23 3 1 9 4 1 5 4 1 0 1

Past 2 weekshellip


Ethereum


14D chg 10 7 4 3 1 0 (0) (2) (3) (6) (9) (10) (13) (14)

weight 3 4 5 47 23 0 9 2 1 4 1 1 1 0


SectorsPlatforms



Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 40




BTC





down 101




down 140 and Bytom

down 132

-40-64+78

(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







(123 )

(52 )

06

55

(106 )

(30)

(15)

0

15

30


Slide 30










123

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 8 (13) (14) (17) (21) (28)

weight 59 5 21 8 5 2

Past 2 weekshellip


14D chg 29 4 3 (2) (11) (17)

weight 59 5 21 5 8 2


SectorsExchanges


Exchanges vs BTC

AdvanceDecline line

Daily RSI








index was up 52




BTC





down 129




down 276 and Kyber

Network down 207

(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







(191 )

(39 )

98

207

(137 )

(30)

(15)

0

15

30


Slide 33










191

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg (13) (14) (14) (19)

weight 15 40 39 6

Past 2 weekshellip


14D chg (6) (8) (10) (26)

weight 39 40 15 6


SectorsPrivacy



Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 66




to BTC




down 127 and Monero

down 138





Dash down 142

(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







(123 )

(168 )

96

(79 )

(150 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36










correlation of -168

SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures








Executive Summary

bull Overview





bull SECTOR Privacy





Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures










Privacy vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


+88+231+331



index was up 88




BTC


was down 00 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg 0 (0)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 1 0

weight 2 98

75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures







75

(13 )

42

30

115

(30)

(15)

0

15

30


Slide 39







correlation of 115




correlation of -13

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures

















General Disclosures







Documents

St, 31 floor | New York, NY 10022 Ken XuanAC …p7inn10sujf2n60123a9j5f1-wpengine.netdna-ssl.com/wp-content/... · For exclusive use of Fundstrat clients. Slide 3. Executive Summary