Coinoindex – Dow-Jones Index for Cryptocurrencies

Cryptocurrencies are very new but even in several years of existence thousands of coins have been created, some of them are already gone but some are quite stable and can be called crypto “blue-chips”. There are about 20-30 coins with a market capitalization of above 1 mil USD and significant daily trading volume. But of course Bitcoin trumps all the other cryptocurrencies in market capitalization and trading volume (currently all altcoins market cap is about 15% of the Bitcoin market capitalization).

So an idea to compare top cryptocurrencies to Bitcoin emerges quite naturally, let’s take top 20 altcoins, make a portfolio out of them, and see how the portfolio value fares in comparison to BTC.

Building such a portfolio, we create an analogue of Dow-Jones index for cryptocurrencies. Dow-Jones index has been launched more than 100 years ago, and is composed of top 30 US stocks (picture here). has been launched in summer 2015 and already had its ups and downs too, reaching 1300 value is summer and dropping to around 800 currently (real time value can be tracked at

Initial Coinoindex value was 1000, so it can be seen that investing in major altcoins one could have made 30%

Read more ... source: NewsBTC USA