The Nasdaq stock exchange has recently listed an index of crypto’s top 100 coins alongside conventional market bellwethers such as S&P 500 and the Dow.
Powered by artificial intelligence, the CIX100 is developed by Cryptoindex.com to give Wall Street traders a brisk and far-reaching perspective on the crypto markets’ real-time performance, the firm stated.
The index had recently been listed by Reuters, Bloomberg, and Tradingview.
What’s more, it works without human mediation, as indicated by Cryptoindex.com. The index’s “Zorax” algorithm trawls through information from more than 1,800 tokens to build up a live account of the marketplace, which is free of inflated contributions.
“We make sure our index includes only [coins] that have no fake volume, have no manipulation, that come from scrupulous companies,” said Kirill Marchenko, Project Manager of Cryptoindex.
The CIX100 does as such with layers of neural systems, benchmarks, and different features, Marchenko stated. Coins must stay among the top 200 by market cap for at least three months to be considered by the AI.
The listing is another indication of crypto’s journey toward the mainstream.
“We’ve become a more accessible and convenient financial instrument for all types of investors, not only professional,” Marchenko stated.