HomeUncategorizedAltcoin Roundup: Crypto indexes offer broad access, but are they profitable in the long run? By Cointelegraph

Altcoin Roundup: Crypto indexes offer broad access, but are they profitable in the long run? By Cointelegraph

April 24, 2022

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Altcoin Roundup: Crypto indexes offer broad access, but are they profitable in the long run?

The cryptocurrency market is known for its high volatility and the wild-west nature of the space is, in part, due to many of the assets having small market caps and the 24/7 operational hours of centralized and decentralized exchanges (DEXs).

In addition to being high risk, crypto trading can also be a very time-intensive process. It can be an overwhelming task and a barrier to entry for most investors in determining which tokens to invest in.

DPI/USDT vs. MVI/ETH vs. Total crypto market capitalization. Source: TradingView
MVI/USD 1-day chart. Source: CoinGecko
Tokens in the Metaverse Index. Source: Index Cooperative
NFTI/USD 1-day chart. Source: CoinGecko
Top 2 smart portfolios. Source: eToro
Top portfolios over the past 2years. Source: eToro.