A New Standard for Tracking Cryptocurrency Market Performance Akin to the S&P 500

Protecting the widest vary of digital property, the Index is the truest illustration of market exercise, composition, and rising sectors like gaming and memes.

NEW YORK, Dec. 9, 2024 /PRNewswire/ — CoinMarketCap, the world’s main supplier of cryptocurrency market knowledge, launches the CoinMarketCap 100 Index (CMC100 Index). This revolutionary index is designed to measure the efficiency of the prime 100 cryptocurrencies by market capitalization, providing unparalleled perception into the dynamic and quickly evolving digital asset market.

As cryptocurrency markets proceed to mature, the want for correct and dependable benchmarks turns into more and more essential. The dearth of standardized efficiency metrics has hindered institutional adoption and market transparency. The CoinMarketCap 100 Index addresses this want by offering an goal, rules-based measure of market efficiency.

The CoinMarketCap 100 Index is calculated and refreshed each 5 minutes, offering real-time transparency into the cryptocurrency market’s most vital gamers. As the first crypto index to cowl such a variety of property, it consists of rising sectors like gaming and memes whereas specializing in initiatives that characterize true market exercise and progress potential by excluding stablecoins and asset-backed wrapper tokens. The index can be freely accessible and could be simply embedded into publications and web sites by means of an API, with out requiring any licensing agreements.

“At CoinMarketCap, we’re dedicated to delivering instruments that empower our neighborhood to make knowledgeable choices,” mentioned Rush, CEO at CoinMarketCap. “The velocity at which the digital asset business modifications could be overwhelming for the majority of individuals. The CoinMarketCap 100 Index units a brand new benchmark for market transparency and accuracy, offering important visibility into over $3 trillion in digital property to assist customers higher perceive and analyze this quickly evolving market. Over time, we imagine the CoinMarketCap 100 Index will make the business much more accessible to the common public.”

Key Options:

Actual-Time Updates: Index ranges are calculated each 5 minutes, with end-of-month figures revealed at midnight UTC on the first day of the subsequent month.
Complete Protection: Tracks the prime 100 cryptocurrencies, representing roughly 87% of the complete crypto market capitalization (excluding stablecoins) and a big selection of blockchain initiatives and applied sciences.
Market-Capitalization-Weighted: Gives a proportional view of the market by weighting property primarily based on their market worth. The index is rebalanced month-to-month to guarantee continued illustration of the market.
Exclusions: Stablecoins (e.g., USDT, USDC) and asset-backed wrapper tokens (e.g., WBTC, stETH) are excluded to keep a deal with risky, market-driven property.
Transparency and Governance: Adheres to world index requirements and finest practices, with month-to-month methodology opinions carried out by CoinMarketCap’s Benchmark Oversight Committee to guarantee compliance with world index requirements.

With a base stage of 100 set on January 1, 2024, backtested efficiency knowledge is obtainable to present historic insights and support in market evaluation.

For extra data on the CoinMarketCap 100 Index and its methodology, go to https://coinmarketcap.com/cmc100/.

About CoinMarketCap

Based in 2013, CoinMarketCap.com is the ‘Dwelling Of Crypto‘, the world’s most trusted supply of crypto knowledge, insights, and neighborhood. Its mission is to speed up the crypto revolution by organizing the world’s crypto intelligence and making it simply accessible to all. CoinMarketCap reaches tons of of tens of millions of customers a yr by means of its web site, cell app, e-newsletter, and social media channels.

SOURCE CoinMarketCap