Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins
The world’s second-largest stock exchange NASDAQ has listed an AI-powered CIX100 index created by crypto data provider Cryptoindex.
CIX100 index is powered by artificial intelligence to give traders a quick view on the real-time performances of the crypto markets.
The index was previously listed by Reuters, Bloomberg and Tradingview.
According to the company it works without human intervention. The algorithm wades over data from 1800 tokens to develop a live account of the current marketplace that is free of inflated offerings.
Coins that have been consistently into the top 200 for at least three consecutive months are included in the index while being monthly rebalanced.
“We make sure our index includes only [coins] that have no fake volume, have no manipulation, that come from scrupulous companies,” Cryptoindex Project Manager Kirill Marchenko.
Cryptoindex has been reportedly gained +1100% since its establishment in May 2017. Its predictions based on AI reportedly perform with over 82% daily accuracy.
“We’ve become a more accessible and convenient financial instrument for all types of investors, not only professional,” Marchenko said.
Source: coindesk.com | Image: coinspeaker.com