About Top 10 CryptoCoin Index Index
Top 10 Cryptocurrency Index
Until not so long ago, blockchain and cryptocurrencies were concepts that were almost unfamiliar to the wide public and hardly anyone outside the financial technology industry cared about.
The advancement of the distributed ledger technologies (DLT), as is the blockchain also known, brought the possibility of numerous new applications. The almost instant transfer of data, the decentralized nature of the network and, last but not least, the cryptographic technology and the fact that the system is impossible to change and tamper with (at least not without being publicly noticed), make the blockchain extremely attractive for various industries.
Yet, cryptocurrencies and blockchain are still first and foremost associated with financial transactions and trading. In the past few years, hundreds of altcoins appeared, rapidly becoming an investment instrument, and millions across the world started trading in cryptocurrencies. Hundreds of cryptocurrency exchanges sprang up and tens of comparison and index websites appeared. Due to the very volatile nature of most cryptocurrencies, whose price is sometimes hard to predict based on the "usual" market prediction tools, it is important to keep track on the price movements of the major and most traded coins.
This is why we created our Crypto Coin Index Top 10. It ranks the ten most popular coins and is calculated once a month, based on the number of circulating coins against the correlation between the single unit value and total cryptocurrency supply. The net worth of every coin is directly related to its liquidity and market performance. This is the formula we use:
|Index Value||=||Σ Pi * Qi|
We also revise the number of cryptos circulating in supply.
$ bn total cap
$ bn 24hr trading volume
% of all market cap