A new crypto index

Today I stumbled on a very interesting article on coindesk about a new crypto index offered by bullish exchange (which owns coindesk 🤣)
Link to the article here

You can start speculating on these bull ish perpetual futures contracts on the bullish exchange. link to the contracts here please remember to gamble responsibly, I am a big critic of derivatives spot trading has enough instability with our silly human emotions without adding on any of this other junk.

We can still find use for these things even without directly speculating with them, they can offer investors a baseline to compare to and see how their financial decisions are preforming against theses indices

This new index is called the CD20 coindesk 20 and currently features the following coins

I said it was a new fund because they already had one for a while however that one features almost 200 assets I highlighted the 2 indices in orange so you know what to look for .

You may have noticed the CD20 has nearly the same price as the Coindesk Market Index (CMI) that is because the CD20 includes more than 90% of the total market cap of the entire crypto space.

Hive in the CD20 ?
What would it take it's hella late and my math may not be mathing right if that's the case be sure to call me out, brain is feeling fairly toasty right about now.

I divided the market caps of filecoin by hive (we would have to take filecoins spot )

Then multiple the result by the current price of hive and we get $5.71 that's actually not that crazy what do you think do we stand a chance to break into the top ? I think so.

That's it for this post, thanks for stopping by your support is truly appreciated.
If you have any questions or concerns are welcome in the comment section.

Feel free to use my banner without attribution my dear lions

Posted Using InLeo Alpha