What is Crypto Indices?
Crypto indices are software applications that track the performance of a group of cryptocurrencies. They track the performance of a specific group of cryptocurrencies and provide a way for investors to monitor the overall performance of the cryptocurrency market.
- These are very much similar to traditional stock market indices like the S&P 500, NASDAQ, National Stock Exchange (NSE), and Nifty50, which track the performance of a group of stocks.
What are Crypto Indices?
Crypto indices have become increasingly popular in recent years as a way to track the performance of the cryptocurrency market as a whole or a specific segment of it. These indices are a combination of cryptocurrencies and their prices, which are weighted and adjusted based on different factors.