[ccpw id="5"]

Thursday, February 16, 2023
HomeCryptoCrypto Index Tracker – Crypto Markets Stoop

Crypto Index Tracker – Crypto Markets Stoop


HodlX Guest Post  Submit Your Post


Crypto markets have declined amid excessive correlation to equities, issues round tighter financial coverage and the upcoming April 18, 2022, tax deadline within the US. As for the efficiency of our varied indexes, we see losses throughout the board. Our DeFi index is down essentially the most at 26%, adopted by our sensible contract and metaverse indexes, that are down 24% every. Our privateness index is down 21%, and our Bitcoin index is down 15%.

  • Smart contract platform index – Terra (LUNA) is down essentially the most at 30%, and Ethereum (ETH) is down the least at 15%.
  • DeFi index – Aave (AAVE) is down essentially the most at 34%, and Yearn.finance (YFI) is down the least at 22%.
  • Metaverse index – Terra Virtua Kollect (TVK) is down essentially the most at 35%, and Aavegotchi (GHST) is down the least at eight p.c.
  • Privacy index – Monero (XMR) is the one coin to have made positive factors – at two p.c. Meanwhile, Verge (XVG) is down essentially the most at 30%.
  • Bitcoin index – This is down 15%.

What are within the 4 indices?

Here are the indices in additional element.

  • Bitcoin: The OG of crypto markets deserves its personal class and is in some ways the true benchmark for another crypto market.
  • Smart contract platforms – After Bitcoin, the massive innovation was to have blockchains that have been extra programmable. These might host sensible contracts or decentralized functions and have allowed the emergence of the metaverse and DeFi. Ethereum (ETH) is the preferred model of a sensible contract platform. As nicely as Ethereum, we additionally embody some key rivals. The constituents of this index are Ethereum (ETH), Cardano (ADA), Avalanche (AVAX), Solana (SOL), Fantom (FTM), VeChain (VET), Terra (LUNA), EOS (EOS) and Chainlink (LINK). We additionally embody Polkadot (DOT), which permits interoperability between blockchains and the usage of sensible contracts through parachains.
  • Metaverse – Coins related to the creation of a digital area/digital world on the web utilizing a mix of augmented actuality, digital actuality and social networks. The constituents 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) – Financial companies constructed on prime of blockchain networks with no central intermediaries. This generally is a broad class, so we slim this all the way down to platforms that deal with lending/borrowing, yield farming, automated market making and decentralized trade tokens. The constituents of this index are Aave (AAVE), Compound (COMP), Uniswap (UNI), Yearn.finance (YFI), Loopring (LRC), PancakeSwap (CAKE), Maker (MKR), 1inch (1INCH), Thorchain (RUNE) and Terra (LUNA).
  • Privacy cash – Coins that obscure transactions on the blockchain to keep up the anonymity of its customers and their exercise. The constituents of this index are Monero (XMR), Zcash (SEC), Dash (DASH), Verge (XVG), Horizen (ZEN), Beam (BEAM), Secret (SCRT), Decred (DCR), Keep Network (KEEP) and Dusk Network (DUSK).


The commentary contained within the above article doesn’t represent a suggestion or a solicitation, or a suggestion to implement or liquidate an funding or to hold out another transaction. It shouldn’t be used as a foundation for any funding choice or different choice. Any funding choice needs to be based mostly on acceptable skilled recommendation particular to your wants.

Bilal Hafeez is the CEO and editor of Macro Hive. He spent over twenty years doing analysis at massive banks – JPMorgan, Deutsche Bank and Nomura – the place he had varied ‘global head’ roles and did FX, charges and cross-markets analysis.

Check Latest Headlines on HodlX

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements  

Disclaimer: Opinions expressed at The Daily Hodl usually are not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any loses chances are you’ll incur are your duty. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please observe that The Daily Hodl participates in internet online affiliate marketing.

Featured Image: Shutterstock/prodigital artwork/Natalia Siiatovskaia


Please enter your comment!
Please enter your name here


TeraWulf newest bitcoin miner to restructure debt, inventory dives (NASDAQ:WULF)

South_agency/E+ by way of Getty Images TeraWulf (NASDAQ:WULF) inventory sank 28% in Thursday afternoon buying and selling after the bitcoin...

How I might make investments $20,000 in ASX 200 dividend shares in 2023

Image supply: Getty Images We’re nonetheless pretty new to 2023, regardless of the primary month simply passing us by. But what a yr it...

NFT: Polygon beats Ethereum on OpenSea

It’s all true: Polygon, by means of the main world market OpenSea, bought extra particular person NFTs than Ethereum for the second consecutive month, in...

Most Popular