CryptoWire Rolled Out Crypto Index IC 15 In India, will release 15 Top Traded Cryptocurrencies
The IC 15 Index is showing the amazing research revealed by CryptoWire. And it will monitor the top 15 trade Cryptocurrencies in India.
The app that deals with the market of Cryptocurrency has recently said that it will monitor the top 15 trade cryptocurrencies in the world and also it rolled out the IC 15 index in India.
Highlighted Points
- CryptoWire is ready for the launching of the IC 15 Index in India.
- The CryptoWire has also given a new concept of “Learn before Earn”.
- Also, it revealed that Bitcoin is the most traded cryptocurrency as of January 2022.
Read More: Governments Could Boycott Bitcoin, Billionaire Ray Dalio Says 'They've Outlawed Gold'
The app CryptoWire is a unit of an app that provides the cryptocurrency stats provide TickerPlant.
The released press revealed the intention of the company and told that the intention is to increase the awareness of the cryptocurrency and Blockchain peco system and also further, it launches the motto of “Learn before Earn” among investors.
The news about the developments comes at the time when the topic ‘Cryptocurrency’ is at the peak of the discussion when people are making it popular, despite prevailing concerns about the regulations.
The committee that will have the governance power of the indexing of IC 15 will be comprised of Domen experts, industry practitioners, and as well as Academicians. While rebalancing the IC 15 Index the governing team will monitor, maintain, and administer the index every quarter.
CEO’s Statement
CEO of CryptoWire said “Our approach is to facilitate market development and mitigate risk to a great degree by presenting all possible tools to evaluate possibilities and make decisions. We want all participants to utilize, to the fullest, this research-oriented, technology–a powered opportunity for tracking the market,” the Managing Director of CryptoWire Jigish Sonagara is the source of this info.
The top 4 ranking positions are occupied by Bitcoin, Ethereum, Binance Coin, and Solana, in the IC index 15 as of now 1 Jan 2022.
The working of the CryptoWire for selecting the Cryptocurrencies in its IC 15 index is such as the crypto should be present in 90 percent of the trading days during the review period and also should be in the top 50 in terms of circulating market capitalization while the preceding month is going on its other criteria.
It is expected after the announcement of this index the information regarding the trip crypto will be given and it will be very useful for all the investors to select the cryptos.
Still, India doesn’t have its crypto regulatory department for kits controlling and regulating and taxing. But, it is also expected to have a new Bill in the Parliament in which the topic will be Cryptocurrencies.
