Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Articles about Cryptocurrency => Topic started by: Goodcat49 on October 17, 2018, 06:12:42 PM
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Cryptocurrencies now hold a market cap of more than $200 billion. According to analysts, in coming years, the cryptocurrency market capitalisation may reach 10 trillion dollars. Today, there are more than 2000 distinct cryptocurrencies in the market, a number that may continue to grow daily.
In this environment, picking the right crypto coins to store is becoming increasingly difficult. Until now.
Introducing the Cryptoindex 100 - an AI (short for Artificial Intelligence)- driven analytical snapshot of the world’s 100 best performing cryptographic currencies. The index represents a mathematically computed weight of coins, which is included in the structure. Integration with the 9 largest exchanges allows continuous tracking of tens of millions of trades and orders per day, which are then instantly reflected in the value of the Cryptoindex 100.
“As the Crypto market transitions from its current state to a far more professional financial markets tool, Cryptoindex and its first product the Cryptoindex 100, along with its associated utility token the CIX100, can play a key role in this process. The token and the index will provide a step in the process for the market to adopt indices and the tools to gain exposure to them as part of the growth and development of Cryptocurrencies. The Cryptoindex 100 has the opportunity to become an industry benchmark” said Cryptoindex CEO VJ Angelo.
Over 1,800 coins are put through our fixed set of filters, which provides around 500 coins as a rough output. Data is collected from a multitude of cryptocurrency exchanges, news, and social media, such as Twitter, GitHub, and other sources. The collated data is then used to extract over 200 factors that create a refined coin ranking in the index. These factors are fed into the neural network creating a final rating of coins; the top 100 currencies making up the Cryptoindex 100. The current index value and composition with detailed analytics for each coin included are already available at the MVP of the Cryptoindex Platform.
The index functions according to the proprietary algorithm, ‘Zorax.’ Zorax has been trained on the entire crypto trade history, including the early start of the cryptocurrency market. Its self-learning process is ongoing. Zorax learns from tens of millions of new trades and orders every day, analyzing messages, news announcements and events in the cryptocurrency market - making a unique, highly sophisticated analytical system in the cryptocurrency market. The mathematics behind the Cryptoindex 100 index is described in detail in the Whitepaper.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/introducing-cryptoindex-100/
(https://coinidol.com/upload/resize_cache/iblock/5b5/900_900_1/5b584df107dfb11f72475ac483c59019.png)