On Friday, CoinDesk announced a new index of digital asset values, expressing the aim that the positive and significant relationship of the cryptocurrency markets might eventually serve as an industry benchmark similar to the Dow Jones Industrial Average or Standard & Poor’s 500 of the stock market. The CoinDesk Market Index is first among a family of nine new price indices built around the media company's Digital Asset Classification Standard for categorizing bitcoin (BTC), ether (ETH) and other digital assets @liqquidity reports https://t.co/z2cJL16bqw — CoinDesk (@CoinDesk) September 9, 2022 Jodie Gunzberg, managing director for CoinDesk Indices, stated that the CoinDesk Market Index (CMI) consists of 148 digital currencies. Each token must have a price history from at least two qualified exchanges that date back at least 30 days to qualify for consideration. The new CoinDesk Market Index aims to be "as broad as possible" with 148 digital assets covered across six sectors including DeFi, Smart Contracts and more.@JodieGunzberg breaks down the new product, presented by @kucoincom: https://t.co/c9YMEZB1Yn pic.twitter.com/Me4YvlDCmu — CoinDesk (@CoinDesk) September 9, 2022 The new index joins a crowded market of competitors looking to satisfy investor and trader demand for metrics to assess the success of the cryptocurrency market. Investors and traders use price indices to determine whether they outperform the market. Investm...
Top Altcoins to Buy this Crypto Market Crash
