CRE8 is a list of the top eight crypto assets that have been brought together to form an index to help with trading decisions. It was created by CoinSwitch to make the crypto investing journey easy.
What is CRE8?
Crypto Rupee Index (CRE8) is an Indian Rupee-denominated cryptocurrency index that tracks the performance of the top 8 cryptocurrencies based on market capitalization and trading volume.
- This Crypto Rupee Index (CRE8) is only used for informational purposes to understand the movement of the Indian Crypto Market and to make informed decisions about Crypto investments.
- Cryptocurrencies included in the CRE8 index are Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), XRP (XRP), Dogecoin (DOGE), Cardano (ADA), Polygon (MATIC) and Polkadot (DOT).
What are Crypto Indices?
Crypto indices are software application that tracks the performance of a group of cryptocurrencies. They are similar to stock market indices like the National Stock Exchange (NSE) or Nifty50, which track the performance of a group of stocks. Crypto indices are used by investors and traders to gain exposure to the cryptocurrency market without purchasing individual cryptocurrencies.
How does the CRE8 Work?
The CRE8 Index is designed to be an investable benchmark that tracks the creative economy’s performance.
- The index is constructed using a proprietary methodology that takes into account a wide range of factors such as revenue growth, innovation, and market capitalization.
- The CRE8 Index provides a comprehensive view of the cryptocurrency market by tracking the performance of eight prominent cryptocurrencies.
- It aims to provide investors with diversified exposure to the cryptocurrency market and reduce the risks associated with investing in individual cryptocurrencies.
- The index is rebalanced periodically to ensure it reflects current market trends and conditions.
Which Cryptocurrencies does CRE8 Track?
The cryptos that are included in the CRE8 index are selected based on a screening process that evaluates each company’s financial performance, growth prospects, and overall potential. Once the index is constructed, it is then weighted based on each crypto market capitalization. This means that top cryptos have a greater influence on the performance of the index than lower cryptos.
Crypto Rupee Index (CRE8) tracks the following eight Cryptocurrencies:
- Bitcoin (BTC).
- Ethereum (ETH).
- Binance Coin (BNB).
- XRP (XRP).
- Dogecoin (DOGE).
- Cardano (ADA).
- Polygon (MATIC).
- Polkadot (DOT).
How Does CRE8 Help Investors?
CRE8 Crypto Index has three major benefits. They are as follows.
- Expert management: The CRE8 Index is managed by a team of experts with extensive experience in the cryptocurrency market. This CRE8 team is responsible for selecting and managing the cryptocurrencies included in the index, and for making strategic decisions based on market conditions.
- Transparency: The CRE8 Index is transparent, with regular reports and updates provided to investors. This transparency helps to build trust and confidence in the index and enables investors to make informed decisions.
- Diversification: The CRE8 Index offers diversification by investing in a portfolio of different cryptocurrencies. This diversification helps to spread out risk and minimize the impact of volatility in any one particular cryptocurrency.