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Crypto Price Index to Introduce Financial Indicator Like the Dow Jones Industrial Average for the Cryptocurrency Market

PRESS RELEASE PR Newswire
Nov. 25, 2019, 06:00 AM

SAINT JULIAN'S, Malta, Nov. 25, 2019 /PRNewswire-PRWeb/ -- With over 4,000 cryptocurrency tokens on the market to-date, the need for a trusted financial index to help traders make more informed investment decisions is greater than ever. Crypto Price Index (CPI) will be the most comprehensive crypto market indicator, including over 200 of the market's top-trading cryptocurrencies by market capitalization.

Herbert Law, CEO of CPI, expressed, "Given my background in traditional finance and commodities trading, I understand the value of market indicators for making sound investment decisions. We aim to provide a reference point for crypto traders, which we believe will lower barriers to entry by saving investors time and resources normally spent on research with our crypto index that provides a single, easy-to-understand number representing overall market health."

CPI has partnered with members of the Emirati Royal Family, leading to international recognition and industry validation.

His Highness Sheikh Abdullah Bin Rashed Al Sharqi, an advisor to CPI's board, said, "I applaud the CPI project for approaching the digital asset markets with stability and transparency in mind. Solutions like CPI, which build with non-technical users in mind, will ensure decentralized finance grows and reaches mass adoption."

The CPI blockchain, operating on a proprietary chain, will be one of the few blockchains representing the state of the overall cryptocurrency market. As a result, CPI is able to offer a completely new dimension to its platform, which is the ability to participate in the network.

About Crypto Price Index

  • Crypto Price Index (CPI) is a new innovative way to easily track the top 200 cryptocurrencies by market capitalization. Like the Dow Jones Industrial Average, the CPI Index, alongside its native token the CPI coin, provides insight into the trading history of the leading blockchain projects. Our mission is to make the CPI Blockchain a single trustworthy source of up-to-date price data for the digital asset markets, becoming a valuable source of information for traders and other market participants.

 

SOURCE Crypto Price Index

Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.
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