Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Goodcat49 on July 06, 2018, 01:40:18 AM
-
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).
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/introducing-cryptoindex-platform-potential-to-be-dow-jones-of-crypto-market/
(https://coinidol.com/upload/resize_cache/iblock/eda/900_900_1/eda15dc793e256dea2fab6381bf343ac.jpg)
-
It will be hard to overthrow coinmarketcap which is the de facto standard for success. Even sites that are just as good i.e. coingecko is having a hard time to compete, so this cryptoindex needs to be something really special