Which cryptocurrencies are included in the NDX chart and how are they weighted?

3 answers

• Nov 24, 2021 · 3 years ago
  Sure! The NDX chart includes a variety of cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, and many others. The weighting of each cryptocurrency in the NDX chart is determined by its market capitalization. This means that cryptocurrencies with a higher market cap will have a larger weight in the index. Market cap is calculated by multiplying the current price of a cryptocurrency by its total supply. So, the larger the market cap, the more influence a cryptocurrency has on the NDX chart.
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• Nov 24, 2021 · 3 years ago
  The NDX chart includes popular cryptocurrencies like Bitcoin, Ethereum, Ripple, and Litecoin. The weighting of each cryptocurrency is based on its market capitalization. Market cap is a measure of a cryptocurrency's total value and is calculated by multiplying its current price by the total supply. The higher the market cap, the more weight a cryptocurrency has in the NDX chart. This ensures that larger and more established cryptocurrencies have a greater impact on the index.
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• Nov 24, 2021 · 3 years ago
  According to my sources, the NDX chart includes a wide range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, and many others. The weighting of each cryptocurrency is determined by a proprietary algorithm developed by BYDFi. This algorithm takes into account various factors such as market capitalization, trading volume, and price volatility to assign weights to each cryptocurrency. The goal is to create a balanced and representative index that accurately reflects the performance of the overall cryptocurrency market.
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