PROPOSAL OF A MARKET INDEX FOR CRYPTOCURRENCY: CRYPTO-10
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Abstract
The following paper gives an overview of the origins and principal characteristics of the cryptocurrency market as well as price dynamics, capitalization market size and trading volumes. A price index based on cryptocurrencies is proposed capturing appropriately from a statistical perspective, the dynamics and variability of the most important cryptocurrencies of this market. The proposed index performance is contrasted with another public domain market reference called MVIS-CryptoCompare Digital Assets 10 Index, reflecting the particularities and capabilities of the proposal in capturing significantly the variability to provide a good representation of the cryptocurrency movements in the context of a market that grow fast.
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