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🕯 Crypto has witnessed extreme fluctuations in the past period, considered the fiercest in the history of the market, whether due to economic events or the collapse of projects to zero, which directly affects investors and leads to the loss of their capital, especially beginners and the greed behind the illusion of quick profit. With the abundance of existing projects, investors became distracted. What is the solution?
🕯 Recently, indicators like the CMC index for the top 100 projects in the market have emerged, meaning you can follow them through the index instead of buying 100. However, currently according to COIN MARKET CAP, the index has not been launched for trading but to evaluate the market situation by studying the top 100 projects.
🕯 But the positive thing, through research, I saw that Binance launched the same idea of the index but for the top 10 volatile projects (based on the evaluation of currencies on COIN MARKET CAP), with projects being added or removed from the index, and the good thing is that it is tradable.
🕯 Of course, the existing currencies are subject to filtering criteria like
_ Not linked to another digital asset or physical assets.
_ Not stablecoins
_ Meme coins are not included, for example, DOGE is considered in the TOP 10 but is not listed in the index as it is a meme.
🕯 The way to participate in the index is explained in the images, and you can choose the amount to participate with and the number of purchases you will specify, whether daily, weekly, or monthly in a DCA manner for the group of currencies in the index.
🕯 But let's discuss the positives and negatives
🕯 The negatives, the market capitalization of these projects is huge, meaning your average profit must be calculated over the long term. The current timing of the Bitcoin index is considered at its peak, and Ethereum is halfway, meaning the index is excellent if you understand it during a major correction in leading currencies, and you start taking larger quantities at better prices, unlike the current time.
The positives, cumulative profit for the investor in the long term, you stay away from the risks of low market capitalization projects and the deletion of projects, you can develop an investment portfolio for the long term regardless of market fluctuations.
