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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 [ii]. Today, there are more than 1604 distinct cryptocurrencies on the market[iii], a number that will increase in multitudes.
It is impossible to predict the next Bitcoin. Until now.
Introducing Cryptoindex, a new platform powered by AI that was built to create the Cryptocurrency market benchmark, known as the Cryptoindex100. The unique algorithm, ‘Zorax’ uses a wide variety of data inputs from an extensive number of sources to create a unique approach to the production of a fully automated index calculation. Based on these inputs (fed through neural networks) and calculations each coin is constantly revalued as part of the Index. The Cryptoindex100 is automated — human influences are reduced to a minimum.
The formation of the index is the obvious step for old-world finance markets to start viewing “new world” currencies as viable investment opportunities. Cryptocurrency market players have long desired a tool whereby every crypto investor, regardless of the level of knowledge, can automate and simplify the process of portfolio diversification. Cryptoindex – reduces the volatility and risk of existing individual cryptocurrencies and creates a smart new benchmark for the cryptocurrency market.
“The time for a professional cryptoindex has come,” remarked James Davies, former COO of the London Derivatives Exchange (LDX).
Cryptoindex possesses the following functions:
- It creates a “crypto portfolio”