Indices have proved their efficiency in the traditional markets – and now they are here to change the trading experience of the crypto investors. The AI-powered algorithm uses over 80 parameters to analyze over 1000 coins – and the result of its work is the balanced basket of top 100 cryptocurrencies.
The rapid growth of cryptocurrencies has attracted professionals and amateur investors worldwide. Cryptocurrencies now hold a market cap of more than $300 billion, a cap that according to many analysts will almost certainly reach $10 trillion in the not so distant future. Today, there are more than 1604 distinct cryptocurrencies on the market, a number that will increase in multitudes. It is impossible to predict the next Bitcoin. Until now.
While some traditional investors try to discourage people from investing into cryptocurrencies, Mike Novogratz believes that investing in crypto is a must.
The Bloomberg Galaxy Crypto Index (BGCI) will be tracking the performance of some of the biggest and most liquid cryptocurrencies in the market.
According to the operator of the world’s fifth-biggest trading platform, the new indexes will give cryptocurrency investors a better understanding of today’s market trends.
Hedge Project launched ICO to develop a new crypto platform, which is believed to enable its users CryptoTraded Indices and derivatives trading.