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Introducing the T&C 20 Index for Tracking Altcoins

Bitcoinist by Bitcoinist
5 years ago
in Press releases, Uncategorized
0
Advertisement

January 30, 2017, Michigan, USA—In a bull market, altcoins achieve profit gains over 1,000%, far surpassing Bitcoin’s trough-to-peak gain of 217% this year. In a bear market, however, losses can be devastating.

[Note: This is a press release]

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Recognizing when the altcoin sector is in a bull or bear market is challenging without a standardized index. Our solution is the T&C 20 Index—the first public index dedicated to tracking altcoin performance.

At its current price of $921.89, Bitcoin has had an incredible year. New money is flowing into Bitcoin, and few would argue to the contrary. Are altcoins seeing a similar trend though? Many investors and speculators are uncertain, describing the altcoin market as a “dog-eat-dog world” or a “zero-sum game.”

tc-20-all-time-jan-30

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Altcoin prices are indeed very volatile. Ethereum, Monero, NEM, Steem and Siacoin all saw trough-to-peak gains over 1,000% this past year. If even a small percentage of Bitcoin investors enter the relatively illiquid altcoin markets, the opportunity for extreme price gains is possible. The key is recognizing whether altcoins are in a bear or bull market. In a bear market, the most experienced trader is fighting an uphill battle. Alternatively, in an altcoin bull market, even a novice trader can see substantial profits.

In traditional stock markets, there are well-recognized indices, such as the S&P 500, Dow 30 and Nasdaq. For altcoins, however, no such index exists. The digital currency indices that do already exist are heavily weighted toward Bitcoin and/or Ethereum, which render the indices useless in tracking altcoins. Bitcoin and Ethereum are two digital currencies that have reached a level of market capitalization and mainstream recognition such that their prices are not correlated with the altcoin market. Actually, oftentimes altcoins and Bitcoin trade opposite to one another as money flows from the altcoins into Bitcoin, or vice versa.

In a collaborative private group, I’ve been trading altcoins and Bitcoin successfully for the past few years. One tool that we developed to assist in our trades is the T&C 20 Index, which is a live chart that tracks the altcoin market. We are now making this index public with charts tracking value back to April 3, 2016. The T&C 20 Index is based on market capitalization, and is calculated using the same methodology used in the S&P 500Ⓡ. Live charts and additional details on the methodology can be found at www.altindex.io.

In the chart above, the T&C 20 Index demonstrates that altcoins are beginning to gain momentum again since their decline in Q3 2016. New money has been entering the altcoin market over the past couple of months. Be prepared to see many altcoins reach profit gains of 500% to 1,000% in the near future. For more information, please visit www.altindex.io, and follow us on Twitter at @TCAlt20.

T&C 20

USA

[email protected]

www.altindex.io


Images courtesy of T&C 20 at www.altindex.io

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