It has been nearly 125 years since Charles H. Dow created the first financial index in 1896. Dow, a finance journalist, co-founded the Dow Jones & Company and founded The Wall Street Journal, a publication that has featured more than its fair share of indices over the past several decades. There are indices that cover the declining number of traditional physical retail stores in the United States. There are indices that track Chilean wine prices. There’s of course the world-famous Big Mac Index that was created by The Economist in 1986 to quantify the theory of purchasing power parity (PPP) by tracking the cost of hamburgers in different countries. There are now literally at least tens of thousands of unique indices and index concepts around the world.
CryptoDaily is pleased to announce that it has recently joined the rank and file of companies that provide specialist indexing data. Our inaugural three indices include The CryptoDaily Large-Cap Cryptocurrency Index, The CryptoDaily Mid-Cap Cryptocurrency Index, and The CryptoDaily Small-Cap Cryptocurrency Index. There are more than 2,000 cryptocurrency unique digital assets in the cryptocurrency markets, and our inaugural three cryptocurrency indices cover approximately 96.9% of the total market capitalisation listed on CoinMarketCap.com, among other places.