New Crypto Markets and Sectors Page
John Barry | Thu Jan 12 2023
New pages we have added include a Live Markets , QC 100 Index and 10 new sector pages DeFi Sector
The Quantify Crypto 100 index - The QC 100 covers all Quantify Crypto sectors. The current breakdown of the 100 includes: 11 currency, 14 platform, 14 DeFi, 5 meme, 6 exchange, 5 fan, 15 game, 10 NFT, 5 meta, 15 service. It is important to note that these are not the top 100 cryptocurrencies in terms of market cap. QC 100 is an index with even weighting.
The 10 Cryptocurrency Sectors
Currency - Cryptocurrencies and blockchain-based systems that are used for making fast and low-cost international payments and remittances.
Platform - Cryptocurrencies designed for hosting blockchain applications.
DeFi (Decentralized Finance) - This sector includes a range of financial services built on blockchain technology, such as lending, borrowing, and trading of digital assets.
Meme - Cryptocurrencies featuring a prominent logo and group following. Often low in price to facilitate blockchain learning with low cost transactions.
Exchange - Tokens used on centralized crypto currency exchanges for rewards, discounts and/or governance for the native exchange.
Fan - Cryptocurrencies catering to sports clubs, teams and events. This is the newest sector in cryptocurrency.
Game - Cryptocurrencies for gaming development and applications.
NFT - (Non-Fungible Token) - This sector focuses of crypocurrencies supporting entertainment, music and NFT projects.
Metaverse - Cryptocurrencies designed for virtual reality applications and use.
Service - Cryptocurrencies providing a specific non-financial application.
Grouping cryptocurrencies into sectors can provide several benefits, including:
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Clarity: By grouping cryptocurrencies into sectors, it can be easier to understand their specific use cases and potential applications, which can help investors and traders make more informed decisions.
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Comparison: Grouping cryptocurrencies into sectors allows for a more apples-to-apples comparison between different coins, as they can be evaluated based on their specific sector and use case, rather than just their overall market capitalization.
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Diversification: Grouping cryptocurrencies into sectors can help investors diversify their portfolio by allocating funds to different sectors and use cases, which can help to spread risk and reduce overall portfolio volatility.
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Understanding of market trends: Grouping cryptocurrencies into sectors enables market participants to identify the trend in a specific sector, which can help them to make better decisions about buying and selling, or taking positions in the market.
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Better analysis of the crypto market: Grouping cryptocurrencies into sectors can help analysts to identify patterns and trends across the entire market, and to provide a more nuanced understanding of the crypto market as a whole.
Overall, grouping cryptocurrencies into sectors can help provide a more comprehensive understanding of the cryptocurrency market, and can assist investors and traders in making more informed decisions.
https://quantifycrypto.com/ provides real time technical signals and analysis to support your trading decisions. We have the fastest live price feed of all cryptocurrency informational platform. Our proprietary trend algorithm calculates the predicted direction of future price moves. It is specifically tailored for the cryptocurrency market. Our state-of-the-art displays are designed to provide maximum amount of significant data on a single screen.
None of this is meant to be financial advice and I do not have any financial expertise. Although I worked at the New York Stock Exchange for over 23 years, it was as a developer supporting computer systems, not as a stock trader.
Full discloser: I do own Bitcoin and other Altcoins.