The Nasdaq stock exchange has listed an AI-powered index of top 100 cryptocurrencies with the aim to provide a quick and comprehensive view of the market’s real-time performance. The AI-powered index is designed to exclude coins with fake volumes and rankings. The Zorax algorithm would consider over 200 factors and would check data of over 1800 tokens to develop a live account of the market place.
The data would be derived from the nine largest crypto exchanges globally and factors in the results of millions of trades. The index is already listed on Reuters, Bloomberg, and Tradingview. CIX100 had gained +1100% since its establishment in May 2017. AI would only consider those coins which have remained in the top 200 for at least three consecutive times.
This listing is being considered as a step towards the mainstream adoption of cryptocurrencies. Cryptoindex Project Manager Kirill Marchenko said that they have become a more accessible and convenient financial instrument for all types of investors and just for professionals.