Detailed ICONOMI Cryptocurrencies Index (ICNX) update

As described in our shorter update of 27 October 2016 triggered ICNX rebalancing, bitcoin has been showing a strong appreciation during the second half of October. Consequently its weight surpassed 20% of the total ICNX, which triggered an immediate index rebalancing.

With rebalancing we re-set the weights of included cryptoassets, but as per ICNX methodology we also changed ICNX composition. We have removed DigixDAO, Storjcoin X and Bitcrystals, as their daily average volumes for the last 30 days were below $50k. They can return to ICNX again, once their monthly volume rises above the minimum threshold and if ICONOMI still sees them viable in the long term. We would also like to briefly recap the underlying concept of the GameCredits (GAME), that was added to ICNX...

Read whole blogpost at: https://medium.com/iconominet/detailed-iconomi-cryptocurrencies-index-icnx-update-8ed2b0158665