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India gets its first crypto index to track performance of Bitcoin, Ethereum, Shiba Inu, other top coins

India gets its first crypto index to track performance of Bitcoin, Ethereum, Shiba Inu, other top coins
Written by publisher team

The top 15 components of IC15 will be Bitcoin, Ethereum, Bitcoin Cash, Chainlink, Polkadot, Cardano, Litecoin, Avalanche, Binance Coin, Solana, XRP, Shiba Inu, Terra, Uniswap and Dogecoin.

Mumbai-based financial content provider CryptoWire, CryptoWire, has launched India’s first global cryptocurrency index called IC15. The company said it is a rules-based broad market index by market capitalization to track the performance of the top 15 most widely traded liquid cryptocurrencies listed on various crypto exchanges around the world.

The top 15 components of IC15 will be Bitcoin, Ethereum, Bitcoin Cash, Chainlink, Polkadot, Cardano, Litecoin, Avalanche, Binance Coin, Solana, XRP, Shiba Inu, Terra, Uniswap and Dogecoin. The base value of the index is set at 10,000 and the base date is April 1, 2018. As of January 1, 2022, the index’s open value is 71463.30 points. The company said that the index accounts for more than 80 percent of the market movement, and thus is an essential tool for tracking and evaluating the market.

“With the launch of India’s first IC15 crypto index, we intend to complete the cycle of knowledge of the entire crypto and blockchain ecosystem. This will not only drive the ‘learning before earning’ initiative, but also serve the industry by Another strong intervention.

TickerPlant launched the super app CryptoWire in December 2021 that sought to help crypto users with real-time market prices, insights, news, knowledge, research, training, information, and a data platform.

Also Read: After Bitcoin and Ethereum, This Altcoin Is Now Bigger Than SoftBank, Moody’s, ICICI Bank And Others

The company said the IC15 Index was designed to allow users to track in order to own a diversified portfolio, act as a benchmark for fund managers and facilitate accurate index iteration and be the preferred index for creating index-linked products such as index funds, exchange-traded funds, etc., and positioning the index for effective derivatives trading. in the cryptocurrency exchange market. “With the launch of the first Indian crypto index IC15, we intend to complete the cycle of knowledge for the comprehensive crypto and blockchain ecosystem,” said Sunagara.

TickerPlant offers cryptocurrency educational content through Crypto University, a YouTube crypto channel, and a wired service with tools like identifying arbitrage opportunities, creating watchlists, and lending and borrowing rates. Former High Court Justice Judge Deepak Verma, IIM Bangalore Retired Professor R. Vaidyanathan, Former CBDT Chairman Mukesh Joshi, and Former CEO of RBI Dr RB Barman were among the members of the Board of Directors of the company.

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