Nasdaq Lists an AI-Powered Index of Crypto Market’s Top 100 Performers
The Nasdaq stock exchange has listed an index of crypto’s top 100 coins alongside traditional market bellwethers like the S&P 500 and the Dow.
Powered by artificial intelligence, the CIX100 is designed by Cryptoindex.com to give Wall Street traders a quick and comprehensive view of the crypto markets’ real-time performance, the company said.
The index had previously been listed by Reuters, Bloomberg and Tradingview.
And it works without human intervention, according to Cryptoindex.com. The index’s “Zorax” algorithm trawls through data from over 1,800 tokens to develop a live account of the marketplace, free of inflated offerings.