India’s First Crypto Index, IC15
Categories: Crypto News
IC15, India’s first global index of cryptocurrencies is a rule-based broad market index by market capitalisation, that tracks the performance of widely traded liquid cryptocurrencies in the world. The index will help crypto enthusiasts and participants to monitor the performance of cryptocurrencies in the global markets. IC15 will measure the performance of the 15 most widely traded cryptocurrencies listed on leading crypto exchanges by market capitalization, which include Bitcoin, Ethereum, Binance coin, Solana, Cardano, Ripple, Terra, Dogecoin and Shiba Inu, Avalanche, Polkadot, Uniswap, Litecoin, Chainlink, Bitcoin Cash. However, some crypto experts feel there are several other cryptocurrency indices present globally. "S&P Cryptocurrency Index, with more than 243 coins, offers a better insight into the digital asset ecosystem and is trusted by everyone in the crypto ecosystem," says Sharat Chandra, a blockchain and emerging technology expert and advisor to blockchain startups. IC15, with 15 coins, is not inclusive enough, he says, adding that the likes of Coindesk and Cryptocompare too have crypto indices.