CandleFocus 5 promising cryptocurrencies Coinbase just added to the COIN50 index
2024-12-03
Author: Content Editor
Coinbase Institutional is adding five new cryptocurrencies to its Coinbase 50 Index (COIN50), suggesting that these assets are promising investments. The index is designed to diversify and has a rigorous screening process. The five additions are Axie Infinity (AXS), Blur (BLUR), Jasmy (JASMY), Kusama (KSM), and MultiversX (EGLD). The index currently consists of 50 cryptocurrencies weighted by their market cap, with BTC, ETH, and SOL being the top three assets. JASMY, EGLD, AXS, BLUR, and KSM are ranked in the 35th to 48th positions within the COIN50 index, but their rankings on CoinMarketCap are much lower. This suggests that meeting Coinbase Institutional's rank expectations could lead to a significant price increase for these digital assets.
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