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.
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.
The London-based blockchain startup, DLT Financial, and fintech company Tramonex have announced plans to launch a new index that will track the performance of leading virtual currencies.
DLT10 is the first financial index to track the 10 most relevant crypto-currencies; corresponding tracker fund to launch within a few weeks.