Crypto News

Crypto Index Tracker – Crypto Markets Plunge

Crypto Index Tracker – Crypto Markets Plunge, Crypto Trading News

guest article Submit your contribution

Crypto markets have been volatile ahead of Wednesday’s Fed meeting, where a 50 basis point (bps) hike is expected. the Bitcoin-Correlation to technology remains near all-time highs and its near-term outlook is likely to follow that of the NASDAQ.

As for the performance of our various indices, they are all back in the red (see charts one and two). Our Metaverseindex has fallen the most at 22%. Our smart contract, DeFiand privacy indices are all down between 15% and 18%. Bitcoin is down the least at five percent.

  • Smart Contract Platform Index Ethereum (ETH) is down the least at five percent, and Fantom (FTM) is down the most at 28%.
  • DeFi Index Yearn.finance (YFI) has declined the least at eight percent and Thorchain (RUNE) has declined the most at 25%.
  • metaverse index Aavegotchi (GHST) has declined the least at two percent and Phantasma (SOUL) the most at 31%.
  • Privacy Index Decred (DCR) is the lowest at 10% and Dusk Network (DUSK) is down the most at 26%.
  • Bitcoin index – Tit has fallen by five percent.

What are the five indices?

Here are the indices in detail.

  • Bitcoin The OG of crypto markets deserves a category of its own and in many ways is the true benchmark for any other crypto market.
  • Smart contract platforms – AAfter Bitcoin, the big innovation was having blockchains that were more programmable. These could host smart contracts or decentralized applications and have enabled the emergence of the metaverse and DeFi. Ethereum (ETH) is the most popular version of a smart contract platform. As well as Ethereum, we also include some key competitors. The constituents of this index are Ethereum (ETH), Cardano (ADA)Avalanches (AVAX), Solana (SOL)Fantom (FTM), VeChain (VET)Terra (LUNA), EOS (EOS) and chainlink (SHORTCUT). We are closing too Polka dot (DOT) one that enables interoperability between blockchains and the use of smart contracts via parachains.
  • metaverse – COptions related to the creation of a virtual space/digital world on the internet using a combination of augmented reality, virtual reality and social networks. The components of this index are Axie Infinity (AXS), The Sandbox (SAND), Decentraland (MANA), Enjin Coin (ENJ), Aavegotchi (GHST), Terra Virtua Kolect (TVK), Ultra (UOS), Phantasma (SOUL). , RedFOX Labs (RFOX) and Gala (GALA).
  • Decentralized Finance (DeFi) – Ffinancial services on Blockchain– Build networks without central intermediaries. This can be a broad category, so we’re narrowing it down to platforms focused on lending/borrowing, yield farming, automated market making, and decentralized exchange tokens. The components of this index are Aave (AAVE), Compound (COMP), Uniswap (UNI)Yearn.finance (YFI), loop ring (LRC)PancakeSwap (CAKE), Maker (MKR), 1inch (1INCH), Thorchain (RUNE) and Terra (LUNA).
  • Privacy Coins – COins that obfuscate transactions on the blockchain to protect the anonymity of their users and their activities. The components of this index are Monero (XMR), Zcash (SEC), dashVerge (XVG), Horizen (ZEN), Beam (BEAM), Secret (SCRT), Decred (DCR), KeepNetwork (KEEP ) and Dusk Network (DUSK).

Disclaimer

The comment contained in the above article does not constitute an offer, solicitation, or recommendation to make any investment or liquidate or to engage in any other transaction. It should not be used as the basis for investment or other decisions. Any investment decision should be based on appropriate professional advice specifically tailored to your needs.

Bilal Hafeez is the CEO and publisher of Macro Hive. He spent over twenty years in research at major banks – JPMorgan, Deutsche Bank and Nomura where he held various “Global Head” positions, conducting forex, rates and cross-market research.

Featured image: Shutterstock/prodigital art/Natalia Siiatovskaia

The post Crypto index Tracker – Crypto Markets Plunge first appeared on The Daily Hodl.

Source: Crypto News Deutsch

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button