RATE Group | Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins
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Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins

15 Oct Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins

Posted at 21:14h in Cryptocurrency News by

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The world’s second-largest stock exchange, Nasdaq, has listed the AI-powered CIX100 index created by crypto data provider Cryptoindex. The news was revealed in a press release shared with Cointelegraph on Oct. 15.

Neural network-based analysis

CIX100 is a crypto market benchmark that analyzes uses a neural network algorithm to analyze data for the top 100 cryptocurrencies, taking into account over 200 factors.

Reportedly designed to exclude coins with fake volumes and rankings, the “human-free” tool targets both industry newcomers and professional investors.

According to the press release, the data is derived from the nine largest cryptocurrency exchanges globally and factors in the results of millions of trades alongside news releases and social media data. 

Only coins that have consistently made it into the top 200 for at least three consecutive months are included in the index, which is rebalanced monthly. 

Cryptoindex CIX100 — which is already listed on Reuters, Bloomberg,…

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