London. 27th June – Cryptoindex.com has announced today that the KuCoin exchange has listed it as a tool for people looking to evaluate the performance and credibility of digital assets. Listing Cryptoindex.com enables novice investors and more experienced crypto enthusiasts to access information on the 100 best-performing digital tokens and cryptocurrencies.
The KuCoin exchange’s success reaching unicorn status faster than any other company in history in under four months and achieve a billion dollar value lies in large part due to its ability to choose tokens that users are interested in. This subjective ability to identify alt coins with genuine potential blockchain applications of interest to investors is further enhanced by Cryptoindex.com’s use of AI technology that analyses tens of millions of trades and news announcements. Cryptoindex.com’s use of proprietary algorithm Zorax for analysis enables investors to view the top 100 performing coins based on trading volumes and social media followings.
VJ Angleo CEO of Cryptoindex.com, comments: “The team at Cryptoindex.com feel honoured to be listed on the KuCoin exchange, we look forward to providing investors with insights based not only on data analysis, volume trades and predictive analytics but also group investor sentiment expressed on social media. As investors become increasingly bullish and more institutions begin to assess cryptocurrencies potential, we will be able to provide both the right platform and tools to properly assess and engage in this rapidly evolving area of finance.”
Michael Gan, CEO at KuCoin, says: “As the people’s exchange, we are committing to providing secure and reliable trading experience to both retail traders and institutional investors. The Cryptoindex.com team is dedicated to helping traders of all kinds to make a better investment in the crypto world, and we are happy to work with them and empower them to reach this goal.”
Cryptoindex.com is a result of a comprehensive analysis of over 1,800 coins that are subjected to a fixed set of filters. Over 33 Terabytes of data is analysed to extract over 200 factors that create a refined ranking in the index, which is then put into a neural network to create a final rating of coins.
Cryptoindex.com is composed of the top 100. This process of re-evaluation happens on a monthly basis and can see the index change on average by 12%. The index aims to improve information access and transparency available to investors, particularly since the financial services sector is accustomed to greater disclosure and regulation for traditional financial products. Cryptoindex.com goes to the heart of the cryptocurrency universe while offering a methodology fully suited to the needs and requirements of heavily regulated asset managers, institutional and professional investors. The CIX100 index has outperformed Bitcoin over the course of the last 30 days by increasing 40% compared to 38%.