Cryptowire, a well-known worldwide cryptocurrency app, just launched a crypto index in India to track the world’s 15 most traded cryptocurrencies. The IC15 cryptocurrency index will analyze and track the performance of the top cryptocurrencies listed on the world’s biggest exchanges. The index’s launch is intended to enhance awareness and knowledge of the crypto and blockchain ecosystem among new investors, according to the company’s press release.
IC15 was designed, among other things, to provide insights into crypto mining, a benchmark for fund managers, portfolio diversification, a benchmark, and a mirror of the underlying crypto market, according to the company.
Important keys :
- The index’s base value is set at 10,000, and the base date is April 1, 2018.
- Bitcoin has the biggest weight on the index, at 51.57 percent, while Ethereum has a weight of 25.79 percent.
- Except for Binance Coin (5.03 weightage), no other cryptocurrency has a weightage of greater than 5 on the index. It excludes Tether and the USD currency, which are both stable coins.
- A cryptocurrency may only be featured on the index if it trades on at least 90% of trading days during the evaluation period, according to the business.
