IC15 is known as Index of Crypto. Before we dig deeper into what is IC15? Let us understand what is Crypto Index? and how it can be useful for the crypto currency investors?
What is Crypto Index ?
Now, India has its own Crypto exchange which is called as Crypto Index. It is similar to India’s Bombay stock exchange and National stock exchange for equities. The Crypto Index monitors the performance of crypto currencies listed on the crypto exchange. It reviews and monitor’s the performance of the top-most traded crypto currencies.
What is IC15?
IC15 or Index of Crypto is a rule-based broad market index by market capitalization, that tracks the performance of widely traded liquid cryptocurrencies in the world. The index enables crypto enthusiasts, investors, and investment managers to monitor the performance of cryptocurrencies in the global markets. Source.
The Crypto Index application was launched by the company named CryptoWire, in January 2022. Crypto currency index is also known as IC15. The company launched the Crypto Index, which easily monitors the performance of the crypto Currencies listed on the crypto exchange and trade globally. There are top 15 crypto currencies listed on the IC15 applications. This app is useful for the crypto investors to deeply understand the new changes in the crypto marketplace and trading process.
IC15 track the performance of the following crypto currencies i.e. Bitcoin, Ethereum, Binance Coin, Solana, Cardano, XRP, Polkadot, Terra, Avalanche, Dogecoin, Shiba Inu, Chainlink, Uniswap, Litecoin, and Bitcoin Cash.
With the launch of this global application for crypto currency, investors will get the insights on various crypto currencies. This crypto app act as a benchmark and provides insightful data of the various crypto currencies. IC15 provides insights on the exchange traded funds and gives diverse representations of varied crypto currencies. These insights can be useful for the crypto investors to take decision accordingly.
The Crypto Index application is managed by the industry experts and domain specialists. The index experts will maintain, manage and monitors these top 15 crypto currencies every quarter.