Cryptoindex 100 analysis (CIX100)

24 Feb 2023

Introduction

Cryptoindex 100 is an index of top 100 coins, obtained from a proprietary algorithm called "Zorax".

"Over 1,800 coins are put through our fixed set of filters, which provides around 500 coins as a rough output. Data is collected from cryptocurrency exchanges, news, social media, such as Twitter, GitHub, and other sources.
The collated data is used to extract over 200 factors that create a refined ranking in the index. Then, the factors are fed into the neural network, creating a final rating of coins, with the top 100 coins making up the Cryptoindex 100".

Graphic Analysis

The index is testing the resistance of 2.
In a bullish scenario, it needs to break through the diagonal white line and still move through the 200 simple and exponential moving averages.

24 Feb 2023

Nota

Same symbol from other source: