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Major Cryptocurrencies Indexes Guide

Index guide

September 11, 2020 | 

JOHN K MWANIKI |  1 Comments| 



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Have you considered investing in crypto but never put the plan to fruition? Maybe you are scared of the uncertainties? Well, you don't have to worry. The cryptocurrencies indexes analyses the markets for some of the best performing cryptos. 

Follow this article for the top cryptocurrencies indexes you need to know. By the end, you should understand how the different crypto indexes work. You will also learn the other cryptos on every significant index. The information comes in handy when picking an investment option. 

Top Major Crypto Indexes

  1. Bloomberg Galaxy Crypto Index

Launched in 2018, Bloomberg has become one of the formidable crypto indexes. It's all about top cryptos with US dollar values. 

The index draws success from that of the mother companies Bloomberg, partnering Galaxy Digital Capital Management. It provides for a base value of 100 and operates within stipulated principles. 

It is all about diversification, representation, data integrity, and continuity. 

All the cryptos on the index must provide a fair share representation. Traders can also rely on the index as an accurate representation of the real crypto market. It updates the data frequently to match the real world. 

The index provides for a stringent criterion when choosing the cryptos. They must trade in USD with a free-floating value, not pegged on any asset. The coin must have a minimum of two pricing sources of Bloomberg's pricing criteria standards.  

The 30-day median value traded in the two pricing sources must be $2million. It must meet these conditions for three consecutive months. 

The index holds a maximum of 22 cryptos. They must the highest performing cryptos based on market cap. 

2.    Cryptocurrency Index (CCi30)

CCi30 is one of the oldest major crypto indexes. It was launched in January 2015 with a starting base value of arbitrarily 100. It, however, went live in January 2017.  

The index has been quite successful over the years. This can be attributed to the high worth people behind it. 

It was created by a team of experts in tech, mathematics, and economics. 

The index concentrates on the top 30 cryptos based on the market cap. It does not rely on random market cap calculations. It instead uses the weighted moving average to avoid the volatility of the crypto market.

The index is ideal for passive crypto traders to invest in the crypto. It is also useful as an industry benchmark for investment managers. 

The index excludes stablecoins from its portfolio. 

3.    Bitmain Big 10 Index 

Bitmain Big 10 Index is a product of one of the most reputable mining hardware producers, Bitmain. The index was launched in November 2018. It tracks the top 10 largest and most liquid crypto assets.

The index has an underlying bucket of 17 constituents from where it picks the top 10 cryptos. It relies on data from the top crypto exchanges

The exchanges must have high liquidity, transparency, and stability. They must also be regulation-compliant. 

Some of the crypto exchanges on its radar are Bitfinex, Itbit, Huobi, Gemini, Binance, Poloniex, Bittrex, OKex, and GDAX. 

The index covers more than 90% of the digital assets total market cap. It has multiple asset selection, including the decentralized and private coins. 

It provides real-time data on the market value changes. However, traders use a daily trading reference published once a day at 10 am Hong Kong time. 

4.    BB Index Funds 

The BB index fund is all about diversity. The index is made with the expertise to offer some of the top Olympus Labs associated assets. It is quite convenient for use for those familiar with such assets. 

The platform provides for a wide selection of funds to choose from. It also allows one to tailor-make their trading options. The various funds provide for different coins. One can easily trade the top 50 currencies while the other goes for the top 7. 

The ease of choosing the various currencies has endeared to the masses. It helps balance the risks and profitability of assured returns. 

5.    Coinbase Index Fund 

Coinbase is one of the earliest index funds ever. It has built a reputation for only hosting the top-performing currencies. 

It offers some of the most attainable trading options for the US-accredited traders. 

Trading on the platform is quite convenient. It provides for a wide range of top currencies, meaning it has the real crypto world. It, however, comes with a higher minimum balance of $250,000. 

6.    Bitwise10 Crypto Index

Bitwise10 is a subsidiary of Bitwise. It seeks to provide investment options for US investors. 

It does this by tracking the top 10 cryptos by market cap performance. 

The index excludes stablecoins and other projects like Cardano, Binance Coin, and TRON. 

The Bitwise index works on various guiding principles. The index and pricing must follow a clear, transparent, and rule-based process. 

It allows for the judgment of the Bitwise crypto index committee when the need arises. The committee's decisions, however, must come with full documentation.

All the assets in the crypto index must be investable and replicable. The coin must come with liquidity, stability, custody limitations, and capital controls.

The assets on the index prices must not be pegged on other investments. It must also be freely tradable and is available in two or more exchanges. 

Bottom Line 

Investing in cryptos has proven to be a lucrative venture. It comes with high risks in volatility and uncertainty. The crypto indexes have proven to be a reliable solution to market concerns. It allows both the experienced and amateurs to invest in cryptos without the risks. 

The indexes help to analyze the best-performing assets. From where the investors get to pick their preferences. Their impressive work has seen the number of indexes grow in recent times. This list helps in finding the major crypto indexes. 

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batholomew brown
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