The Cryptocurrency Index 30 (CCI30) measures the overall growth and daily and long-term movements of the blockchain industry.
The top 30 cryptocurrencies, selected automatically based on market value, are added to the index - excluding stablecoins pegged to FIATs.
CCI30 was designed with five main objectives:
The index is weighted according to the market capitalization and average price of included cryptocurrencies and is automatically calculated in real-time. The current value of the CCI30 index is available on its official website: https://cci30.com.
From an investor's point of view, the CCI30 index helps track the overall performance of the cryptocurrency market and determine whether the market is in an uptrend or downtrend, allowing them to adjust their portfolio accordingly.
However, the CCI30 should not be the sole indicator for investment decisions. It is essential to utilize other tools of technical analysis and investment indicators before making an educated decision.
In summary, the Cryptocurrency Index 30 (CCI30) measures the overall growth and movements of the blockchain industry using the top 30 cryptocurrencies based on market value.
Investors can use the CCI30 index to track the performance of the cryptocurrency market and assess whether it is in an uptrend or downtrend. However, other analyses and tools should also be considered before making investment decisions.
