Nasdaq lists an AI-Powered Index of top 100 cryptocurrencies

The Nasdaq stock exchange has listed an AI-powered index of the top 100 cryptocurrencies alongside the traditional market. The exchange informed that the CIX100 is designed by Cryptoindex.com to provide Wall Street traders with a quick and comprehensive view of the crypto markets' real-time performance. The index would use the Zorax algorithm

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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.

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Ryan Asher
Ryan Asher
A post-graduate in business administration from Rutgers University, Ryan love to express his thoughts in writing. Ryan entered the crypto space by selling his car back in 2013 and investing the money into bitcoin. Apart from writing, Ryan loves to travel and believes that bitcoin is helping him fulfill his dream of traveling across the world.

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