CoinMarketCap Introduces CMC100 Index to Track Top 100 Cryptocurrencies
- CoinMarketCap 100 Index tracks top 100 cryptocurrencies
- Updates every five minutes in real time
- Exclusion of stablecoins to focus on volatile assets
CoinMarketCap, a renowned cryptocurrency market data provider, has launched the CoinMarketCap 100 Index (CMC100), an index that tracks the performance of the top 100 cryptocurrencies by capitalization market. This index, calculated in US dollars, is updated every five minutes, offering a real-time view of the top digital assets.
🧵 Introducing the CoinMarketCap 100 Index
A new standard for tracking cryptocurrency performance—just like the S&P 500 but for digital assets. Covering 100 top crypto projects, this is your go-to benchmark.
Get a sneak peek here: https://t.co/hbi4hBKCe7
Keep scrolling to find… pic.twitter.com/5Kj1WWRX0i
- CoinMarketCap (@CoinMarketCap) December 9, 2024
The CMC100 excludes stablecoins and asset-backed tokens, focusing on volatile market-driven assets. The selection of constituents is reviewed monthly, ensuring that the index accurately reflects changes in the cryptocurrency market. Additionally, the index is weighted by market capitalization, providing a proportional representation of each asset’s value in the market.
With a baseline established on January 1, 2024, the CMC100 provides historical data for trend and performance analysis. The index’s governance is overseen by CoinMarketCap’s Benchmark Oversight Committee, ensuring compliance with industry standards and transparency in methodological processes.
This launch comes at a time of growing demand for reliable benchmarks in the cryptocurrency market. CoinMarketCap highlights that the lack of standardized performance metrics has been a barrier to institutional adoption and market transparency. The CMC100 aims to fill this gap by providing an objective, rules-based tool to measure market performance.
Accessibility is one of the pillars of the CMC100. The index is freely available and can be embedded in publications and websites via an API, without the need for licensing agreements. This makes it easier to disseminate accurate information about the cryptocurrency market to a wider audience.
In November this year, cryptocurrency exchange Coinbase launched the Coinbase 50 Index (COIN50), a benchmark representing the top 50 digital assets listed on the platform. Similar to the CMC100, the COIN50 excludes stablecoins and is rebalanced quarterly, covering about 80% of the total cryptocurrency market cap.
CoinMarketCap’s launch of the CMC100 represents a significant step forward in offering analytical tools to investors, from beginners to the most experienced, providing a deeper understanding of the cryptocurrency market and its movements.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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