CoinDesk Expands with New Memecoin and Top 100 Crypto Indexes
CoinDesk Introduces New Crypto Indexes
CoinDesk Unveils Innovative Crypto Index Products
CoinDesk Indices has announced the launch of two new index products, aiming to capitalize on the fluctuating prices of memecoins and dominate the top 100 tokens by market cap. This introduction caters to the growing interest from institutional and professional investors seeking opportunities in various crypto sectors.
The first product, known as the CoinDesk Memecoin Index, will monitor the price movements of the fifty most significant memecoins based on their market capitalization. This encompasses popular tokens such as dogecoin (DOGE), shiba inu (SHIB), and floki (FLOKI), among others. Meanwhile, the CoinDesk 100 will act as a comprehensive benchmark for the hundred leading tokens by market cap. These initiatives were announced during Consensus Hong Kong.
These latest offerings from CoinDesk respond to the demand from the investment community for diversified exposure in the ever-evolving cryptocurrency landscape.