The world of cryptocurrency has come a long way since inception, and within 10 years we have seen the creation of more than 2,000 cryptocurrencies, and these coins are traded daily on different crypto exchanges. However, it is important to note that these cryptocurrency projects are created for different purposes, and may not have the same properties, and as such many of them are ranked lower than others.
Interestingly, the crypto market keeps getting flooded with new cryptocurrency projects, and thus there is an unprecedented growth within the crypto community. A lot of companies and startups have taken advantage of the possibilities of raising funds via Initial Coin Offerings (ICOs), Security Token Offerings (STOs), and Initial Exchange Offerings (IEOs), and only a few of these projects have been able to rise above the challenges of staying relevant in the crypto market and ecosystem.
The performing cryptocurrencies can attribute their successes to the uniqueness of the products they offer, as well as providing effective and efficient blockchain-based solutions. The performance of these successful cryptocurrencies has paved the way for more investors to get interested in them, and thus there is a rush within the crypto community to invest in these crypto projects.
The typical crypto investor will find multiple interesting crypto projects to invest in, and even if they want to focus on just the top performers, it could be a very daunting and tedious task managing the diversified crypto portfolio.
It is a difficult task to compare analytics from the different crypto investments in a portfolio of diverse crypto assets, and there could be mismanagement of data and information which could result in losses for the investor. This has been a problem within the crypto community, until a solution was provided in the form of the Crypto Price index (CPI) project. With CPI, crypto investors can have access to tailored indexes designed based on specific requirements from individual investors.
CPI’s framework is topnotch and is designed to help crypto investors make better decisions when managing their diversified crypto portfolio. The blockchain-based project has efficient data points that collect real-time data from different crypto exchanges that are connected to the CPI platform.
Furthermore, CPI intends to make its operations as transparent as possible, as a way to eliminate issues of trust. CPI was created based on the Ethereum blockchain and thus comes with some extra security to prevent manipulations and alterations to data and records within the blockchain network.
Blockchain and cryptocurrency are emerging technologies that are evolving fast, and their emergence keeps creating more opportunities for crypto investors to get involved in the activities of the crypto community. It is interesting to know that crypto investors do not need to fret about how to manage their diversified crypto portfolios because the CPI project is there to make life easier for them. The CPI ecosystem functions with the aid of two branches- the CPIX tokens, and CPI coin, created for specific purposes within the ecosystem.
Source: The Capital