Cryptoindex: Solving Cryptocurrencies’ Volatility Issues
Cryptocurrencies have nothing but exploded in 2017 and despite their decline in 2018, they are still way ahead of where they were just a few years ago. However, there is one issue which persists – market entry. The growth in their price led to the emergence of many new cryptocurrencies. There are currently thousands of them, and finding the best ones to invest in is challenging, to say the least. Cryptoindex presents an efficient and seamless way to step into the otherwise complex cryptocurrency world.
The majority of existing cryptocurrencies hit their all-time high figures at the end of 2017 and the beginning of 2018. This year’s prolonged bear market, however, has seen the gains of late 2017 fade away, while high volatility seems to be making headlines.
In these unprecedented market conditions, one thing seems to be standing out – the need for stability. Furthermore, as the prices are declining, many are purportedly preparing to fill in their bags in anticipation for the next rally. But picking the right asset to invest in remains as challenging as ever. Not anymore.
Cryptoindex – Introducing the Solution
Cryptoindex represents a modern solution which could easily tackle the challenges mentioned above. It harnesses the capabilities of blockchain technology and of Artificial Intelligence (AI) algorithms. As such, it presents an index of the 100 best performing cryptocurrencies which is constantly evolving.
The utility token of Cryptoindex – CIX100, references the proprietary AI index which incorporates the top 100 best performing cryptocurrencies. The CIX100 reduces time spent on research, expenses, as well as the need to constantly monitor every single individual coin at the same time.
AI-Based Readymade Market Entry
Cryptoindex provides for a wide range of different benefits for both seasoned and novice traders thanks to its AI-based system known as Zorax. The algorithm uses social media and the web, as well as a lot of other factors in order to help pick the coins which will be kept, added, or removed from the index.
Its system can easily make these decisions because it can assimilate a large amount of information and inputs at an unparalleled speen which can’t be matched by any person. That’s what enables it to take advantage of all the opportunities in this otherwise volatile market.
In other words, the CIX100 token allows the user to track a carefully and properly selected number of cryptocurrencies which are being carefully monitored, updated, and assessed without the need for thorough, time-consuming and expensive research.
Backed By Experience
The project is run and developed by a team of mathematicians who have over 13 years of experience in the fields of trading strategy and market evaluation. The CEO of the project, VJ Angelo, is a seasoned veteran in financial markets, heading the Global Derivatives Indices part of the LDX Group. He has more than 30 years of experience.
According to Angelo, the market transitions to a professional state where CIX100 will be able to play a very important role:
As the Crypto market transitions from its current state to a far more professional financial markets tool, Cryptoindex and its first product the Cryptoindex 100, along with its associated utility token the CIX100, can play a key role in this process. The token and the index will provide a step in the process for the market to adopt indices and the tools to gain exposure to them as part of the growth and development of Cryptocurrencies. The Cryptoindex 100 has the opportunity to become an industry benchmark.
Cryptoindex’s ICO is ongoing and the team has already managed to raise over $10 million. You can read more about the project on its official website.
What do you think of Cryptoincex and its utility token – the CIX100? Don’t hesitate to let us know in the comments below!